Cement News tagged: Corporate

Cement firms top capacity use

22 June 2004, Published under Cement News

A number of cement companies are utilising 100% capacity. Kesoram Industries tops the list, having raised its capacity utilisation from 108% in 2001 to 137% in 2004. Mangalam Cement is close by, with

RMC gains amid talk of cement price increase

21 June 2004, Published under Cement News

RMC Group recovered from recent weakness amid talk that France’s Lafarge is set to push through further cement price rises in Germany.

Mitsubishi Materials expands in China

18 June 2004, Published under Cement News

Mitsubishi Materials Corp and Mitsubishi Corp. said Friday they have set up a joint venture company for cement production in China. The new company, Qingdao Mitsubishi Cement Co., is capitalized at 2

Republic Cement optimistic

18 June 2004, Published under Cement News

Republic Cement Corp. hopes to top profits in 2003 with an expected increase in cement sales this year. In the recent annual stockholders’ meeting, President and Chief Executive Juan Miguel R Mo

Madras Cements net up

Madras Cements net up

18 June 2004, Published under Cement News

Madras Cements registered a profit after tax of Rs 33.40 crore (Rs 12.96 crore) in 2003-04, higher by 158 per cent in relation to the previous year. The company’s board recommended a final divi

Holcim’s delists Apasco shares

18 June 2004, Published under Cement News

The Mexican unit of Swiss cement company Holcim Ltd said Thursday it has delisted its shares from the local stock market. The shares of Holcim Apasco have traded occasionally since the European paren

Rinker¹s advance hit by weak US dollar

Rinker¹s advance hit by weak US dollar

18 June 2004, Published under Cement News

In the year to the end of March, Rinker increased turnover by only 2.0 per cent to A$5,339m (US$3,706m), because of the weakness of the US dollar, which accounted for 77.4 per cent of the turnover. Th

Taiheiyo down in Japan

18 June 2004, Published under Cement News

Taiheiyo Cement Corporation, the largest Japanese cement producer, has reported a turnover 5.2 per cent lower at ¥879,484m (US$7,990m) for its financial year to the end of March 2004. The trading pro

Amnesty wants Israeli wall inquiry

17 June 2004, Published under Cement News

Amnesty International has called on the Government to investigate links between Cement Roadstone Holdings (CRH) and the construction of Israel’s controversial security fence in the West Bank. H

Siam City Cement changes top staff

17 June 2004, Published under Cement News

In its most drastic management revamp since Swiss cement maker Holcim Ltd took management control six years ago, Siam City Cement Plc is changing its chief executive and the heads of marketing, produc

Cement Shares Take A Hit

15 June 2004, Published under Cement News

Indian Cement stocks have taken a heavy beating in June with the onset of monsoons. Industry majors such as Gujarat Ambuja, ACC and Grasim Industries have plunged up to 15 per cent on the bourses in J

Grasim offers to acquire 30% stake

14 June 2004, Published under Cement News

Grasim Industries has made an open offer for acquiring a 30 per cent stake in Ultratech Cemco. The company came into existence after the demerger of Larsen & Toubro’s cement business. The offer

PSP Engineering sees losses rise

14 June 2004, Published under Cement News

PSP Engineering, which took control of production at the bankrupt Prerovske strojirny engineering firm last year, posted an audited loss of CZK 93.4 mln in 2003, up from a loss of CZK 6.58 bn the prev

Greek Alpha Beton Reports

14 June 2004, Published under Cement News

Greek Nimatemporiki-Alpha Beton, the company which emerged from the merger of textile company Nimatemporiki and concrete maker Alpha Beton, closed 2003 with a pre-tax profit of 3.17 mln euro ($3.81 ml

Holcim shareholder committed to keeping stake

14 June 2004, Published under Cement News

Holcim’s leading shareholder Thomas Schmidheiny - one of Switzerland’s richest men - is committed to keeping his stake in the world’s second largest cement maker, his spokesman said

Fancesa can grow without Soboce

11 June 2004, Published under Cement News

Bolivian cement producer Fancesa can expand its business without merging with larger competitor Soboce, according to its general manager Gonzalo Arce, Correo del Sur newspaper reported. Arce believes