Cement News tagged: Corporate
Cimsa increases Jan-Sept 2005 net profits
Turkish cement producer Cimsa posted a 79.44 mln new Turkish lira ($58.47m) consolidated net profit for the first nine months of 2005, up from 45.55 mln lira ($33.54m) for the same period in 2004. Op
Lafarge and Boral begin Vietnam plant
Lafarge, the French cement company, has begun construction of a plasterboard production unit in Vietnam, in collaboration with Australian building materials group Boral, for investments of US$13m.
Titan third quarter results improve
Greek cement firm Titan is expected to report a 6 per cent rise in third-quarter net profit this week, boosted by its US operations and a rebound in the domestic market, analysts said on Tuesday. Te
Egyptian National Cement profit soars
National Cement Company (NCC) registered a record-high year-on-year increase of 1180 per cent in its net profit for the first quarter of the fiscal 2005/06, ending June 30, 2006,
Cimpor Jan-Sept 2005 net profit seen at EUR193m
Cimpor - Cimentos de Portugal is expected to post a January to September 2005 net profit of EUR 193m (US$226.3m), according to estimates from local investment bank Banco Portugues de Investimento (BPI
Semen Cibinong plans debt buyback program of up to US$20m
Cement maker PT Semen Cibinong said it is allocating some 10 mln usd from its internal cash flow, with an option to raise the figure to 20 mln usd, for a debt buyback program. Company director Jannus
Kryvyi Rih Cement To Absorb Dniprotsement
One of the five biggest producers of cement, the Kryvyi Rih Cement company (Dnipropetrovsk region), intends to incorporate the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region). The sha
Exchange Rate Losses of Indocement falling
PT Indocement Tunggal Prakarsa Tbk predicted that the exchange rate loss of the company will decrease this year as the company has hedge some US$150m of its debt, while the exchange rate of Japanese Y
Pacasmayo net profits up
The net profits of Peruvian cement company Pacasmayo rose 12.8 per cent year-on-year in 3Q05 to US$6.11m because of higher sales volumes and cuts in costs, according to a report from Banco de Créito d
Anhui Conch raises three-year loan by 60 per cent
Anhui Conch Cement Co, China’s biggest cement maker, increased its first syndicated loan by 60 per cent to CNY800m (US$99m) as banks offered to lend more than it sought.
Lafarge buys back EUR80M Of Its Own Convertible Bonds
Lafarge SA (LR) said it has bought back EUR80m in convertible bonds, or 6.15% of a total EUR1.3bn bond launched in June 2001.
Kuwait Cement Co Posts $83.2m nine month net profit
Kuwait Cement Company posted a net profit of KWD24.3m (US$83.2m) for the first nine months of 2005, up from KWD14.6m (US$50m) for the same period of 2004.
Cementos Molins net profit down
Spanish cement company Cementos Molins posted a Euro 61.2m net profit for the first nine months of 2005, down 4.0 per cent year-on-year, the company informed in a statement the Spanish stock market re
Sanko to spend on Gaziantep renovation
Turkish textile group Sanko Holding will invest between US$20m and US$25m in the modernisation and renovation of cement mill Gaziantep Cimento, said Abdulkadir Konukoglu, chairman of Sanko Holding man
Ssangyong Cement to sell US$200m in bonds
Ssangyong Cement Industrial Co., South Korea’s largest cement manufacturer, said Friday that it plans to sell US$200m in floating rate notes. The three-year secured debt will carry a coupon ra
Deputy criticises lack of action
The Irish government has failed to act on the "rip-off" practices by firms such as Cement Roadstone Holdings, which the European Court of Justice found to have engaged in "serious anti-competitive beh