Cement News tagged: Corporate

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

Cemex completes cash tender offers

Cemex completes cash tender offers

18 October 2004, Published under Cement News

Cemex has completed cash tender offers for its 12.75% notes due 2006 and 9.625% notes due 2009, it announced.

Taiwan’s cement makers posted strong nine month results

15 October 2004, Published under Cement News

Despite flat performance in shipment, Taiwan’s major cement producers witnessed their sales and earnings grow significantly in the first three quarters of this year.

Thai TPIP creditors to vote on debt plan Oct 28

Thai TPIP creditors to vote on debt plan Oct 28

15 October 2004, Published under Cement News

Thailand’s number three cement maker, will meet on Oct. 28 to vote on the company’s new debt restructuring plan, a creditor source said on Friday.

More corporate activity likely

14 October 2004, Published under Cement News

In a new report, analysts at JP Morgan expect further corporate activity in the cement and aggregate industries, reflecting both further consolidation in both industries and vertical integration betwe

Moody’s Reviews Mitsubishi Materials

14 October 2004, Published under Cement News

Tokyo, October 14, 2004 -- Moody’s Investors Service today placed on review for possible upgrade the Ba1 long-term debt ratings of Mitsubishi Materials Corporation (Mitsubishi Materials). The re

Ghana and the IFC

14 October 2004, Published under Cement News

Ghana is conspicuously missing from the scheme of activities of the International Finance Corporation (IFC), a member of the World Bank Group (notes a local news report). Since 2002, IFC, which deals

Dniprotsement Increases production

13 October 2004, Published under Cement News

The Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) increased cement production by 55,000 tons or 42% to 186,000 tons during the third quarter of 2004, compared with the corresponding

Thai TPI Polene Q3 net profit down

13 October 2004, Published under Cement News

TPI Polene PCL, Thailand’s third largest cement maker, said on Tuesday its third-quarter net profit fell 94 percent on the year due mainly to foreign exchange losses and a fall in domestic cemen

Cemex focuses on China and India

12 October 2004, Published under Cement News

Barely two weeks have passed since Mexican cement company Cemex reported the it had just finalized the largest acquisition in its history which dates back to 1992, however, the firm’s expansion

Export synergies

08 October 2004, Published under Cement News

The stock price of UltraTech CemCo, the de-merged company from L&T, has been on rise in the last few days on huge growth potential from export market and also its synergies with Grasim, which has cont

China Resources Cement raises stake in Guangxi

07 October 2004, Published under Cement News

China Resources Cement Holdings Ltd said it will pay about 61.9m yuan (US$7.5m) for an effective 20.36 percent stake in its cement subsidiary in China’s southwestern province of Guangxi.

Holcim Espana appoints new directors

06 October 2004, Published under Cement News

Spanish cement manufacturer Holcim Espana has appointed two new members to its board of directors, with the aim of strengthening the company’s management structure. The new members are: Claudio