Cement News tagged: Corporate
FLS is looking to sell Aalborg Portland and Unicon
Turnover at FLS Industries declined by 9.3 per cent to DKr14,911m (€2006.6m) in 2003, principally reflecting the divestment of non-core businesses. Continuing high processing costs at the environment
Imerys’ running profit advances
Turnover at Imerys declined by 4.7 per cent to €2,729.2m as exchange rate movements took their toll, but at the underlying level there was a 2.8 per cent increase. The EBITDA emerged 5.1 per cent low
TPI Polene gains
TPI Polene Plc (TPIPL), the country’s third-largest cement producer, projects that its 2004 income will expand by at least 15 per cent from last year’s income of 19 billion baht on the back of higher
Pacasmayo profits tick up on Zemex purchase
Peru’s third largest cement maker Cementos Pacasmayo has reported 2003 profits of 56.8mn soles (US$16.9m), up 2.16 per cent up on the 55.6mn soles reported in 2002, according to information the
Weather and currencies depress CRH
The Dublin-based building materials group CRH plc produced a 2.6 per cent increase in turnover to €11,079m, in spite of adverse exchange rate movements, particularly the US dollar followed by the Poli
Lion’s Share scooped Up by 20 big Investors
Kamol Leosivikul, president of Mida Assets, topped the list of investors purchasing new shares of TPI Polene in January, according to papers filed with the Securities and Exchange Commission. Mr Kamo
Aggregate Industries raises stake
Aggregate Industries increased turnover by UK£5.9m in 2003 to UK£1458.9m (US$2392.6m) but unfavourable trading conditions in the United States and a falling US dollar reduced the increase in the opera
Siam City Cement named the best
Siam City Cement Plc (SCCC), Thailand’s second largest cement manufacturer, has been named the best company in Thailand, followed by Kudu Co and Land & Houses Plc, in the Euromoney Asian company
Cima to issue Islamic bonds
Malaysia: Cement Industries of Malaysia Bhd. said Monday its Negeri Sembilan Cement Industries Sdn. Bhd. subsidiary has received regulatory approval to issue 330 million ringgit ($1=MYR3.80) in Islami
RMC: uncertain prospects remain
Deutsche Bank analysts have downgraded RMC to a sell, price target 600p. While the appointment of new management and a turnaround in the troubled UK business have sparked a re-rating of RMC (he stock
Kuwait Cement profit rise
Kuwait Cement Co posted a net 2003 profit of 19.56 million Kuwaiti dinars (US$66.5m) on Sunday, up 69 per cent from the 11.6 million dinars earned in 2002.
Lucky Cement H1 profit rises
Lucky Cement Ltd posted an increase of 89.6 per cent in its half year net profit to Rs 275m compared to Rs 145m same period last year on the back of improved margins and higher sales. In a statement t
Lafarge’s running profit falls by 8.1% in 2003
The operating profit at the EBITDA level last year declined by 9.1% to EUR2,820m on a turnover 6.5% lower at EUR13,658m, before adjusting for exchange rates and changes to the sphere of consolidation.
Titan’s profits advance in spite of adverse exchange rate movements
Titan Cement Company reported an unchanged turnover of EUR1,035.7m in respect of 2003 compared with EUR1036.1m in 2002, but ignoring the adverse exchange rate impact, the turnover was ahead by some 9%
Heracles pretax profit up
Greek cement producer Heracles said on Tuesday 2003 group pretax profit rose 64 per cent to 117 million euros, helped by strong sales in the domestic market related to Olympic Games projects. Group s
Cement makers hurt by weak demand
Indonesia’s cement industry is expected to remain in the doldrums this year due to various factors such as weak sales growth, excess production capacity, and the rising cost of energy - says the