Cement News tagged: Corporate

CEMEX sees Q3 EBITDA higher

13 September 2004, Published under Cement News

Cemex sees Q3 EBITDA at US$645m, up 13 per cent from the year earlier period, while operating income is expected to be about US$485m, up 20 per cent. Third quarter revenues are expected at more than U

Lafarge allowed to raise capital

13 September 2004, Published under Cement News

The Philippines Securities and Exchange Commission (SEC) has allowed the local units of French conglomerate Lafarge group to increase their capital stock as payment for liabilities against their paren

Buzzi Unicem’s first half cement volumes exceed 15Mt

13 September 2004, Published under Cement News

The enlarged Buzzi Unicem increased cement sales by 2.3% in the first six month of the year to just over 15Mt while ready-mixed concrete deliveries were 2.8% higher at 7.3Mm3. The underlying turnover

Strong cement sales; weaker prices

10 September 2004, Published under Cement News

A Buy recommendation on Siam City Cement is reiterated with a share price objective of Bt265. The price objective is based on discounted cash flow with a sustainable growth rate of 5% and a discount r

Cemento Nacional sells non-core assets

Cemento Nacional sells non-core assets

10 September 2004, Published under Cement News

Ecuadorian cement producer Cemento Nacional (CN) has sold non-core assets to maintain a focus on cement, concrete and aggregate production, daily newspaper Hoy reported. Five factories that produce b

Lafarge widens first half margins

10 September 2004, Published under Cement News

On the back of a 7.0% increase in turnover to €6,794m, Lafarge increased the operating profit at the EBITDA level by 18.2% to €1,317m and the trading profit by 30.7% to €876m. Helped by a 28.5% reduct

Boral eyes Florida tile market

Boral eyes Florida tile market

10 September 2004, Published under Cement News

The Australian-based building materials group Boral is investing US$12m in a clay tile plant joint venture on Trinidad to supply the Florida market. Boral’s joint venture partner, ANSA McAL Group, ow

Lafarge lifts guidance after forecast-beating H1.

09 September 2004, Published under Cement News

Lafarge’s first-half net profit more than doubled on higher demand for building materials amid better weather in Europe and North America, prompting the world’s biggest cement maker to imp

GCC’s domestic expansion options limited

09 September 2004, Published under Cement News

Mexican Cement maker Grupo Cementos de Chihuahua’s limited expansion opportunities in Mexico and dependence on operations in Chihuahua state hinder its credit rating, Standard & Poor’s ana

Buyers eye Turkish factories

08 September 2004, Published under Cement News

Italcementi SpA unit Ciments Francais has declared its interest in acquiring several factories in Turkey formerly operated by local diversified group Uzan, and which were placed under state control af

RMC: takeover bid from CRH?

08 September 2004, Published under Cement News

Shares in RMC Group PLC gained in early trade as dealers mulled UK news reports that the cement group could soon be on the receiving end of a UK£2.1bn cash bid, worth 800 pence per share. Traders at

Gresik to expand cement capacity

07 September 2004, Published under Cement News

Indonesia’s Semen Gresik to expand cement capacity by 5.3Mt - report news sources in Jakarta. State-owned PT Semen Gresik, the country’s largest cement producer, plans to raise its consoli

Ciment Francais Expects Rise in 2004 Profit

07 September 2004, Published under Cement News

French cement maker Ciments Francais SA expects its 2004 net profit to improve as compared to 2003, in view of its financial results for the first half of 2004, the company said on September 7, 2004.

Buzzi Unicem 2004 EBITDA

06 September 2004, Published under Cement News

Italian cement and concrete company Buzzi Unicem will post 2004 earnings before interest, tax, depreciation and amortisation (EBITDA) in line with the 2003 results, company vice president Franco Buzzi

Union Cement’s new name

06 September 2004, Published under Cement News

Union Cement Corp.’s board has approved a change in the company’s name to Holcim Philippines Inc. after Swiss cement maker Holcim’s affiliate, Cemco Holdings Inc., raised its stake

Birla Corp To Take Up Lodha re-appointment

06 September 2004, Published under Cement News

Birla group company — Birla Corporation Ltd would take up the issue of re-appointing Rajendra Lodha as the director of the company, at its annual general meeting (AGM) on September 15, 2004. The prop