Cement News tagged: Corporate
Egyptian National Cement approves
The general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending June 30, 2005, eyeing a n
Ciments Francais back to profit Q1 2004
French building materials producer Ciments Francais, 74.7 per cent owned by Italian cement group Italcementi, swung to a net profit in the first quarter of 2004, due to good weather conditions posting
Indocement net loss
JAKARTA: Cement maker PT Indocement Tunggal Prakarsa said it sustained a net loss of Rp2.99 billion (US$348,800) in the first quarter of this year as against a net profit of Rp231.6 billion in the sam
Holcim Slovakia
The board of directors of the largest cement producer in Slovakia, the joint-stock company Holcim (Slovensko) proposed not to pay dividends from last year’s profit. The board of directors propos
Kuwaiti to sell
Kuwaiti state-run Kuwait Investment Authority (KIA) will sell its stake in the UAE cement maker Gulf Cement Company at a public auction, it was reported on May 3, 2004. The authority, which holds som
Vinay Cement, India
Vinay Cements Limited and RCL Cements Limited, a part of the BK Group of companies, have good times following a huge demand from the housing and infrastructure sector. The combined installed clinker c
RMC says trading similar to last year, on track for earnings recovery
RMC Group PLC said that with nearly four months gone this year, nothing has caused the company to change its view that, with the exception of Germany and the US, trading conditions will be similar to
Lafarge’s first quarter volumes benefit from kinder weather
Lafarge has announced a turnover for the first three months of the year of EUR2,881m, an increase of 7.1% in absolute terms and of 11.7% at the underlying level, after adjusting for exchange rate move
Grasim: The 4QFY04 cement push
Grasim, the diversified major in the Aditya Birla Group, has posted impressive results for the fourth quarter and full year ended 31st March 2004. While net sales have increased by 13% in FY04, exclud
Good start to the year for Lafarge
Lafarge has reported a first quarter sales increase of 7.1% to EUR2,88m as at March 31, 2004 compared to weak first quarter 2003 sales of EUR2,691m.
DG Khan Cement 9-mth profit rises to Rs91m, Pakistan
D G Khan Cement Company Limited almost trebled net profit to Rs 591.3m in the first nine months of the current financial year against Rs 200.62 million in the same period last year, the company said i
PPC announces earnings increase of 30% or more
South Africa’s PPC has advised shareholders that the increase in its headline earnings and attributable earnings would be 30 percent or more in the six months to March compared with the previous perio
Italcementi sees EUR1.5bn investments in next five years
Italcementi SpA CEO Giampiero Pesenti said he sees the group investing EUR1.5 over the next five years, one third of it in Italy – the same amount as it invested over the last five years.
Cemex income skyrockets 1Q to US$311m
Cemex has reported a US$311m in net income for the first quarter this year, a 282 per cent increase YoY thanks to stronger operating performance and improved foreign exchange results, it said in a sta
Lafarge in Russia
Lafarge may be purchasing a number of plants that produce construction materials in Russia, company executive director Bruno Lafont told the press in Chelyabinsk. Lafarge already owns controlling stoc
Jidong Cement 1Q net profit surges after new units begin operations
Tangshan Jidong Cement Co Ltd said its first-quarter net profit soared to 12.19m yuan against 0.57m a year earlier, on the back of contributions from two of its units, which were recently put into ope