Cement News tagged: Corporate

Portugal Madeira to sell stake in Cimentos Madeira

20 January 2005, Published under Cement News

The Regional Government of Portugal’s autonomous region of Madeira Island plans to sell its entire 8.0 per cent stake in the regional cement company Cimentos Madeira in 2005, it was reported on

Atlas searches for investor

19 January 2005, Published under Cement News

Atlas, leader in the domestic market for construction chemicals, continues its search for funding for its own cement factory. The task is a difficult one, considering the currently unfavorable market

India Cements to explore steps to reduce debt costs

19 January 2005, Published under Cement News

INDIA Cements Ltd will continue to look at steps to infuse fresh money into the company to reduce the cost of debt and to bring down the number of lenders, according to Mr N. Srinivasan, Vice-Chairman

Lafarge buys out minority shareholders

18 January 2005, Published under Cement News

Lafarge said Tuesday it paid US$141m to buy out minority holdings retained by the State of Wisconsin Investment Board in its businesses in South Korea, India and Japan. In a statement, Paris-based La

Cemex net profit more than triples

Cemex net profit more than triples

18 January 2005, Published under Cement News

Cemex said on Tuesday its net profit for October-December was US$334m, up from US$91m in the same period a year earlier, also boosted by foreign exchange gains versus a currency loss in the fourth qua

Inteko Pushka increases output

18 January 2005, Published under Cement News

In October-December, Kramatorsk-based cement plant Pushka (Donetsk region) increased its production volume in comparative prices by 12.2 per cent or UAH 2.063m up to UAH 19.01m from the same period in

Foreign shareholding up in cement sector

Foreign shareholding up in cement sector

18 January 2005, Published under Cement News

Foreign shareholding in Indian cement companies have gone up during the last quarter, indicating strong overseas investors’ confidence in Indian infrastructure sector as a whole and cement indus

Aggregate speeds Holcim deal

17 January 2005, Published under Cement News

Aggregate Industries, the UK-based construction products group, has speeded up the timetable for its takeover by Holcim and could announce a pounds GBP1.8bn agreed deal as early as Thursday. Holcim, t

Brisk cement demand should provide TPI growth driver

17 January 2005, Published under Cement News

Thailand: TPI Polene’s third-quarter earnings were a disappointment by any measure, but analysts expect better performances ahead for the cement maker on a return to full production after its pl

Akmenes Cementas sales 2004

14 January 2005, Published under Cement News

Akmenes Cementas, the only manufacturer of cement in Lithuania, has announced that its sales last year climbed 16.7 percent to 104.5 million litas (Euro 30.3m). Virginija Berezniak, a company spokesp

Colombian Argos closes sale

14 January 2005, Published under Cement News

Colombian cement producer Cementos Argos closed a $110m deal for the sale of Colombian coal mine La Jagua to Swiss commodity company Glencore International, it was reported on January 13, 2005. The m

Lipetskcement produces more

14 January 2005, Published under Cement News

Lipetskcement produced over 1.6Mt of cement in Jan - December 2004, a seven per cent rise against the same period 2003 when the plant made over 1.5Mt of cement, up 3.2 per cent

Corporates lend a helping hand

14 January 2005, Published under Cement News

As the tsunami death toll continues to swell, corporate India is trying to chip in with relief and rehabilitation support. Gujarat Ambuja Cements Ltd has announced a sizeable contribution to the Prime

Siam Cement Group reports operating results

13 January 2005, Published under Cement News

The Siam Cement Group (SCG) has announced excellent financial results for the third quarter of financial year 2004, citing strong performance in most business units principally in the Petrochemicals B

Votorantim plans more investment

13 January 2005, Published under Cement News

Votorantim Cimentos, intends to increase investments by 60 per cent to US$220m, planning to construct two new plants in Brazil and increase production in five plants from the North American subsidiary

Investor view on Mitsubishi

13 January 2005, Published under Cement News

Moody’s Investors Service has upgraded the senior unsecured long-term debt ratings of Mitsubishi Materials Corporation (Mitsubishi Materials). The rating outlook is stable. Mitsubishi Materials