Cement News tagged: Corporate

Heidelberg Cement sets up joint venture in China

21 September 2005, Published under Cement News

Heidelberg Cement, the German cement group, has set up a joint venture in China together with Chinese competitor Tangshan Jidong Cement, which will produce and distribute cement from a production pl

Italcementi H1 EBITDA flat as Egypt inclusion offsets weak Italy

15 September 2005, Published under Cement News

Italcementi SpA’s first half EBITDA due on Friday is expected to be broadly flat, with the first-time inclusion of its Egypt acquisition Suez Cement, offsetting weak Italy activities, analysts s

Buzzi Unicem increases first half pre-tax by 48 per cent

14 September 2005, Published under Cement News

Buzzi Unicem’s first half turnover rose by 5.2 per cent to EUR1,382.2m and the EBITDA advanced by 8.2 per cent to EUR328.1m. Helped by a 25.5 per cent drop in net finance costs to EUR69m and an increa

Cemex offering to generate US$260m

14 September 2005, Published under Cement News

Cemex has already significantly increased the efficiency of the UK’s RMC after buying it last year, is offering 31m shares after its stock price rose by two-thirds since the acquisition was anno

Cementir’s balance sheet remains strong

Cementir’s balance sheet remains strong

14 September 2005, Published under Cement News

In spite of having acquired Aalborg Portland Cement and Unicon last October, Cementir retains one of the strongest balance sheets in the sector and could easily afford further acquisitions. Net debt

Serbian Novi Popovac Renamed Holcim Srbija

14 September 2005, Published under Cement News

Serbian cement producer Novi Popovac changed its name to Holcim Srbija following a change in its ownership structure.

Cemex guidance

Cemex guidance

13 September 2005, Published under Cement News

Cemex said on Monday it saw third-quarter EBITDA close to US$1bn, up 50 per cent from a year earlier on higher sales.

Cementir net profit at EUR27.9m H105

13 September 2005, Published under Cement News

Italian cement company Cementir SpA, a unit of local construction company Caltagirone, posted a net profit of EUR27.9m (US$34.4m) for the first half of 2005, up by 85% YoY.

Tunisia sells stake in cement co Sotacib to Spanish group

13 September 2005, Published under Cement News

Tunisia has sold its entire, 50 per cent stake in the Tunisian-Algerian cement company Sotacib to an unnamed Spanish sector group

Aditya Birla name game

13 September 2005, Published under Cement News

The Aditya Birla Group has taken a cue from the Tatas and Reliance. All group companies are likely to have the name of its founder-chairman, and the creation of Aditya Birla Nuvo is just the beginning

Cement giant holds talks on CNY700m long-term loan

12 September 2005, Published under Cement News

Anhui Conch Cement, China’s largest cement producer, is in talks to secure a long-term loan of CNY600-700m (HK$576-HK$672m), the company said.

Lafarge hit by lower cement prices in Brazil, Malaysia and Korea

09 September 2005, Published under Cement News

On the previously announced 6.3% increase in turnover 5.7% to €7,220m for the first half, Lafarge’s EBITDA for the period fell by 3.7% to €1,291m. The trading profit declined by 7.3%, or by 9.3

Lafarge 1H net profit down

08 September 2005, Published under Cement News

Lafarge said its first-half net profit fell by 18% to EUR359m on difficult market conditions in Brazil, Malaysia, Germany and South Korea.

Boral attractive, but near-term bid talk seen overdone

08 September 2005, Published under Cement News

A run of takeovers among global building products groups could deter any near-term bid for Australia’s Boral Ltd, despite a sharp price spike on takeover speculation, fund managers and analysts

Cemex reverts losses betting on rates

07 September 2005, Published under Cement News

Rodrigo Treviño, Finance manager at Cemex S.A., had losses of US$467m two years ago, because of betting on an interest rate rise in the United Sates. Currently, the company is reverting that loss wit

Orascom’s record sales

06 September 2005, Published under Cement News

OCI reports 43% growth in consolidated revenue and a 57% rise in net income for the six months ended 30 June 2005