Cement News tagged: Corporate

Energy costs too high, says Bamburi CEO

26 October 2004, Published under Cement News

Bamburi Cement managing director, Didier Tresarrieu, said yesterday that for local industries to compete effectively with imports from the Comesa, energy costs need to come down. Mr Tresarrieu said e

Semen Gresik 9-Month figures

26 October 2004, Published under Cement News

PT Semen Gresik, Indonesia, said its cement sales in the first nine months of this year rose 12 per cent on year to 11.64Mt, due to gains in both domestic sales and exports. Indonesia’s largest

Morgan Stanley to invest US$50m in china cement plant

25 October 2004, Published under Cement News

Morgan Stanley, one of the world’s leading investment banks, has reportedly signed an agreement to invest US$50m in a joint venture with local cement producer Jinan Shanshui Group Co Ltd in east

Saudi Tabuk Cement Co

25 October 2004, Published under Cement News

Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of 95.7 mln Saudi riyals ($25.5m) for the first nine months of 2004, up from 55.8 mln riyals ($14.9m) in the corresponding period o

Taiheiyo ups H1 net profit estimate to Y4.5bn, Japan

Taiheiyo ups H1 net profit estimate to Y4.5bn, Japan

22 October 2004, Published under Cement News

Taiheiyo Cement Corp, said it now expects to post a first half to September parent net profit of 4. 5bn yen, higher than the 400m yen net profit seen earlier, citing the booking of a special dividend

Boral shares soften as construction activity slows, Australia

22 October 2004, Published under Cement News

Shares in Boral Ltd softened today after it revealed its first quarter revenues hadn’t improved on last year, as the building products company suffers from a dip in Australian construction activ

Lafarge 9-month sales up 5.7 per cent, keeps outlook

Lafarge 9-month sales up 5.7 per cent, keeps outlook

21 October 2004, Published under Cement News

Lafarge reported a 5.7 per cent rise in 9-month sales on Thursday, thanks to higher cement prices in the United States and Europe, and reiterated its guidance for the full year. The company said it wa

Italy’s Buzzi launches US bonds worth $172m

21 October 2004, Published under Cement News

Italy’s Buzzi Unicem has issued a total of $172m in senior unsecured notes via private placements in North America to fund a stake purchase in cement maker Dyckerhoff, the company said.

Gujarat Ambuja July-Sept quarter net leaps, India

20 October 2004, Published under Cement News

Gujarat Ambuja Cements LtdIndia’s third-biggest cement maker by capacity, said quarterly profit surged as it benefitted from a boom in export prices.

SG wraps up Semen Padang audit with negative adjustment, Indonesia

20 October 2004, Published under Cement News

State-owned PT Semen Gresik (SG), the country’s largest cement producer, has completed a forensic audit on its subsidiary PT Semen Padang, with possible losses resulting from irregularities comm

Texas Industries Names Rogers Chairman, USA

20 October 2004, Published under Cement News

Texas Industries Inc., a supplier of cement, concrete and steel products, said Robert D. Rogers was named chairman Tuesday at the company’s annual shareholder meeting.

UltraTech begins debt revamp

19 October 2004, Published under Cement News

Ultratech Cement, a subsidiary of Grasim Industries, has begun its much-touted debt restructuring programme and has already reduced its debt burden to Rs 1,550 crore, from Rs 1,800 crore when it acqui

Anhui Conch 3Q net profit narrows, China

18 October 2004, Published under Cement News

Anhui Conch Cement Co, China’s largest cement producer, said it earned a smaller net profit in the third quarter than in the same period last year, as government measures to slow the economy beg

Lafarge sales growth set to slow in Q3

18 October 2004, Published under Cement News

Lafarge SA is expected to report Thursday a slowdown in sales growth for the third quarter after weather-related strength in the first half, but will likely reiterate its full-year outlook for operati

Profit boom for RAK Cement, UAE

18 October 2004, Published under Cement News

The ongoing construction boom in the UAE sent profits spiralling 205 per cent upwards at Ras Al Khaimah Cement to USD18.9m in the first nine months of the year. Cement companies in the UAE have benefi

Saudi producer results

18 October 2004, Published under Cement News

According to local news reports, Saudi Southern Province Cement Company recorded SR 220.3m ($58.7m) net income in the first nine months of the current year compared with SR 203.3m ($54.2m) in the corr