Cement News tagged: Corporate

Gansu Qilianshan Cement

24 March 2004, Published under Cement News

Shanghai-listed Gansu Qilianshan Cement Co has reported earnings per share of 0.115 yuan for the accounting year of 2003 ended Dec. 31, down from 0.12 yuan for the previous year. The company’s n

UAE Sharjah Cement posts profits

24 March 2004, Published under Cement News

UAE cement producer Sharjah Cement and Industrial Development Company posted a net profit of US$15.5m for 2003, up from US$3.9m in 2002. Earnings per share stood at The company’s board of

Merrill on the CRH-Secil deal

23 March 2004, Published under Cement News

In scale terms, Merrill estimates proportionate consolidation of Secil for a full year in 2005 would add 3.5 per cent to group sales, seven per cent to EBITDA 05E. The additional debt for the stake (E

Cements firm on solid Egypt stock market

23 March 2004, Published under Cement News

Cement shares rose on the Egyptian stock market on Thursday with investors speculating the sector would benefit from a rise in local cement prices and the weakness of Egypt’s pound against hard

Pakistani stocks buoyant

Pakistani stocks buoyant

22 March 2004, Published under Cement News

The cheer in Pakistan in not restricted to its cricket stadiums. The Karachi bourse is on a one-year winning streak and powering ahead. The KSE-100 has been rising while the world¹s major indices have

Holcim fixes rights issue

22 March 2004, Published under Cement News

One week ago, Holcim announced that the size of its rights issue to fund the Apasco buyout and previous acquisitions since June 2001 would be CHF 1.5bn. The buyout offer for Mexican subsidiary Apasc

Semen Padang set to chalk up big jump in net profits

Semen Padang set to chalk up big jump in net profits

19 March 2004, Published under Cement News

The management of state-owned cement maker PT Semen Padang hopes to chalk up Rp128.8 bn (US$14m) in net profit this year, up 92 per cent from 2003. Company President Dwi Soetjipto said this

Dyckerhoff reports Euro249m net profits in 2003

19 March 2004, Published under Cement News

German building materials manufacturer Dyckerhoff AG said on March 17, 2004 its net profit in 2003 stood at Eiuro249m after a net loss of Euro128m reported for the previous year. Dyckerhoff earnings

Italian Buzzi Unicem buys stake in Riva

18 March 2004, Published under Cement News

Italian cement and concrete company Buzzi Unicem bought a final 10 per cent stake in Italian cement producer Cementi Riva for a total of 5.2 mln euro (US$6.4m),it was reported on March 17, 2004. Follo

Shareholder files affidavit - against L&T-Grasim deal

17 March 2004, Published under Cement News

An affidavit opposing Larsen & Toubro’s petition for Court sanction for the L&T-Grasim cement deal has been submitted. The petition comes up for hearing at the High Court, Mumbai, on March 18. T

Mikhailovcement posts results

16 March 2004, Published under Cement News

Ryazan region-based JSC Mikhailovcement (affiliated to the Eurocement Holding) produced 175,000t of cement in Jan-Feb 2004. The output of packed cement grew by 29 per cent, the Eurocement Holding pres

Italcementi suffers from cost pressures

16 March 2004, Published under Cement News

On a turnover 0.5 per cent higher at €4284.7m, the operating profit at the EBITDA level at Italcementi declined by 4.3 per cent to €1060.9m as higher operating costs, particularly in respect of transp

Thai TPI Polene to erase retained losses

16 March 2004, Published under Cement News

Thailand’s number three cement maker TPI Polene PCL said on Tuesday it plans to wipe out 19 billion baht (US$482m) retained losses by the end of the current quarter ending June 30, enabling it

Chia Hsin Cement profit growth

15 March 2004, Published under Cement News

Chia Hsin Cement Greater China Holding Corp reported a near-doubling in net profit last year. The cement maker reported net profit of US$19.0m in the 12 months ended Dec. 31, 2003, up from US$10.3m a

Holcim completes Apasco deal

15 March 2004, Published under Cement News

Under the public tender offer made to minority shareholders of Mexican Group company Holcim Apasco, a total of 57,931,967 shares held by third-party shareholders had been tendered to Holcim Ltd by the

Torah cement impressive

12 March 2004, Published under Cement News

Egypt: Torah Cement released FY03 results ending December, in which the company recorded an impressive 15.3 x net income hike to LE55m (US$8.9m) compared to LE3.6m realized in FY02. The improved botto