Cement News tagged: Corporate

SCC earnings remain strong

16 July 2004, Published under Cement News

SCC is expected to announce impressive 2Q04 earnings results with a normalised profit of Bt6,008mn (EPS Bt5.01) down 16% qoq, but strongly up 71% yoy. These impressive earnings are due to strong petro

Lafarge extends debt

16 July 2004, Published under Cement News

The many bond buy-backs and exchange offers currently being offered were approaching completion yesterday, with Lafarge, the French cement producer, completing its offer to extend its debt maturity.

Saudi Arabian Cement Co H1

16 July 2004, Published under Cement News

Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 192 mln Saudi riyals ($51.2m) for the first half of 2004, up by 69.6 per cent year-on-year. ACC’s sales stood at 283.4

China’s Xinjiang Tunhe Investment

16 July 2004, Published under Cement News

Xinjiang Tunhe Investment Co Ltd, one of the three listed companies under the control of embattled private investment firm Xinjiang Delong Group, and its subsidiary Xinjiang Tianshan Cement Co Ltd, sa

Eastern Cement earns SR157m

Eastern Cement earns SR157m

15 July 2004, Published under Cement News

Eastern Cement Co. has gained net profit of more than SR 157m, out of which SR 18m are from sale of the company’s investments. The six month profit are 19% more compared to the profits of the co

Jaypee to set up cement plant in HP

15 July 2004, Published under Cement News

Jaypee group is setting up a 2.5Mt cement plant in Himachal Pradesh. The new project, estimated to cost about Rs 600 crore, will be among the largest-capacity cement plants in North. The new plant w

Cementos Molins launches bid

Cementos Molins launches bid

15 July 2004, Published under Cement News

Spanish Catalan cement manufacturer Cementos Molins and subsidiary Cementos Molins Industrial have launched a bid for 43 per cent of shares in the company worth 278.84m euros. The aim of the operatio

TXI reports 4Q results, USA

14 July 2004, Published under Cement News

Texas Industries, Inc reported net income of US$37.6m (US$1.59 per share) for the quarter ended May 31 2004. The same quarter last year showed a loss of US$7.6m (US$.36 per share).

Cement unit expects improvement if court approves debt buyback

13 July 2004, Published under Cement News

Foreign exchange will no longer have a significant impact on the earnings of TPI Polene Plc, as occurred in the second quarter of this year, if the Central Bankruptcy Court approves the company’

ACC Board consider merger with Gujarat Ambuja, India

12 July 2004, Published under Cement News

The board of Associated Cement Companies Ltd will discuss the company’s merger with Gujarat Ambuja Cement, despite having planned a capital expenditure of about Rs5bn (US$109m) in the current fi

Cementos Melón reactivates investments of US$30-40m, Chile

12 July 2004, Published under Cement News

With the new investments the firm expects to increase its production capacity to supply the domestic market in light of increasing demand in the real estate sector.

ING Bank reduces Cimpor stake

05 July 2004, Published under Cement News

Dutch bank ING Bank reduced its stake in Portuguese cement group Cimpor - Cimentos de Portugal to 0.82 per cent of its total share capital, it was reported on July, 2, 2004. ING Bank sold a total of

ASEC Cement posts small profits

05 July 2004, Published under Cement News

Egypt’s ASEC Cement Co, posted a net profit of E£3.55m (US$574,000) for the first quarter of 2004. The company’s operating revenue stood at E£160.51m, while the cost of goods sold reached

Siam City reduces sales target

05 July 2004, Published under Cement News

Increased oil prices have brought SCCC’s expenses up about ten per cent, but SCCC has determined to keep its ready-mix price at Baht1700 baht a tonne for the rest of this year. In the pre-mixed

Pioneer Cement back into black

05 July 2004, Published under Cement News

Pioneer Cement Limited, a unit of Noon Group of Companies, has recorded RS98.76 million gross profits during the quarter ended March31, 2004which is over30 percent of net sales revenue. However cumula

PPC gives good returns

05 July 2004, Published under Cement News

South Africa: PPC has delivered a 140 per cent total return to shareholders over four years. The share price has rocketed from a low of R30,50 in 1998 to a record high of R155 this month. On top of n