Cement News tagged: Corporate

Wienerberger spends €151m

05 October 2004, Published under Cement News

Wienerberger is moving into manufacturing in Great Britain through the acquisition of ten facing brick works from venture capitalists Cinven and Royal Bank of Scotland for €145m and is investing a fur

Cementos Molins reduces share capital

04 October 2004, Published under Cement News

At the company’s annual general meeting, shareholders in Spanish cement producer Cementos Molins have agreed to reduce its share capital by 38.45 per cent, to 19.83 million shares. The share re

RATM-Holding acquires stake in Angarskcement

04 October 2004, Published under Cement News

RATM-Holding has acquired a 45 per cent stake in Angarskcement. The new acquisition will allow the holding to boost overall cement output to 2Mt a year. In 2004 Istimtsement, part of RATM-Holding, tar

Siam Cement’s annual sales

01 October 2004, Published under Cement News

Siam Cement expects to report increased profits in the third quarter. Although increased oil prices have meant higher expenses for cement production, demand has also increased. The prices of most of t

Rinker CEO says on track

Rinker CEO says on track

01 October 2004, Published under Cement News

Australian heavy building materials company Rinker Group is still expecting 20 per cent profit growth in the current half year, as demand remains buoyant, its CEO David Clarke said on Thursday. Rinke

Cemex prices $291.6 mln note buyback

01 October 2004, Published under Cement News

Mexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt due in 2006 and 2009.

NCC sells Danish ready-mixed business

NCC sells Danish ready-mixed business

01 October 2004, Published under Cement News

The major Nordic construction group NCC has completed its withdrawal from ready-mixed concrete by selling its Danish subsidiary GH Beton A/S for DKr 110m (€15m) to a consortium of three Danish compani

Morocco’s Lafarge Ciments H1 profit up six per cent

30 September 2004, Published under Cement News

Morocco’s leading cement firm, Lafarge Ciments, reported first-half net profit up 6 percent but said this growth should fall to zero by year-end as sales growth declines and due to a special tax

Siam Cement expects to beat 2004 sales target

30 September 2004, Published under Cement News

Leading Thai industrial conglomerate Siam Cement PCL said on it would beat its target of 10 percent sales growth in 2004 because of soaring prices for its petrochemicals products.

Semapa H1 net 154.6 mln euros with one-time gains

30 September 2004, Published under Cement News

Portuguese cement company Semapa posted six-month profits of EUR154.6m, helped by one-time gains of EUR185.4m, compared with a profit of EUR20.7m euros the year before.

Ten Saurashtra Cement directors resign, India

30 September 2004, Published under Cement News

As many as 10 directors, including chairman M N Mehta, of Saurashtra Cement resigned today. The company informed the stock exchanges about the mass resignations without citing the reason for the m

Cementir H104 net profit at EUR15.1m

30 September 2004, Published under Cement News

The net profit of Italian cement company Cementir, a unit of local construction company Caltagirone, surged 140 pct year-on-year to EUR15.1m ($18.6m) in the first half of 2004, it was reported on Sept

Cement Association president

23 September 2004, Published under Cement News

N. Srinivasan, Managing Director of India Cements, has been elected President of the Cement Manufacturers’ Association for 2004-05. Manoj Gaur, Managing Director of Jaypee Associates, has been

Egyptian Tourah Cement Co H1

22 September 2004, Published under Cement News

The net profit of Egyptian cement company Tourah Cement Co soared 612.5 pct year-on-year to 85.04 mln Egyptian pounds ($13.7m) in the first half of 2004. The growth in earnings followed a 33.5 pct up

Cemex seeks supply savings

21 September 2004, Published under Cement News

Cemex said on Monday it hopes to achieve savings of at least US$70m per year in a supply and inventory improvement program.

Buzzi plans new US bond sale

21 September 2004, Published under Cement News

Italian cement maker Buzzi Unicem is considering the sale of $150 million to $160 million worth of bonds via private placements in the United States, the company’s deputy chairman said on Monday