Cement News tagged: Corporate

Lafarge expects annual turnover increase

02 June 2004, Published under Cement News

Lafarge expects to generate an annual turnover increase between 8.0 pct and 10 pct in middle term, the company’s managing director Bernard Kasriel said at the general shareholders’ meetin

BHA bought by GE

02 June 2004, Published under Cement News

General Electric Co’s GE Energy division agreed to acquire BHA Group Holdings Inc., a provider of air-quality control products, for about $260 million. The $38-a-share acquisition is designed to

RMC share disposal

01 June 2004, Published under Cement News

RMC has announced that on 31 May 2004 it completed the sale of 28.9m shares in Adelaide Brighton Limited ("ABL"), representing 5.3% of the issued share capital of ABL, for which it will receive a cash

Alfa Cement to pay no dividend

01 June 2004, Published under Cement News

Moscow: Alfa Cement AGM decided May 27 not to pay 2003 dividend, allocating 29.961 mln rbl as the previous years profit to cover 89.8% of 2003 loss, the company said. KPMG was approved as an auditor.

UAE prices boost shares

UAE prices boost shares

01 June 2004, Published under Cement News

Abu Dhabi: A surge in cement prices in the UAE sharply boosted the shares of cement firms and allied companies with increases in other share prices to lift the market to a record level. Turnover in Ma

Chinese cement loans

01 June 2004, Published under Cement News

China’s banking watchdog said it will review all loans offered or loan commitments to fixed asset projects either under construction or still on paper in an effort to curb blind investment and

Green light for CRH cement deal

Green light for CRH cement deal

01 June 2004, Published under Cement News

CRH has received clearance from Brussels for its 372m euro tie up with the Portuguese cement maker Semapa. The deal will see the Irish firm operating three integrated cement units in a joint venture w

Kan to succeed Chumpol?

28 May 2004, Published under Cement News

With company president Chumpol Na Lamliang expected to step down next year, young bloods are taking the helm at Siam Cement Group, one of Thailand’s oldest and biggest industrial conglomerates,

Rinker’s Earnings Get a Lift From US

27 May 2004, Published under Cement News

Annual earnings for the Rinker Group Ltd’s annual earnings rose 12%, underpinned by the Australian construction-materials company’s extensive operations in the US and a better-than-expecte

TPI Polene Creditors approve debt buyback

25 May 2004, Published under Cement News

Creditors of TPI Polene PCL have agreed in principle to let the Thai cement maker buy back as much as $110 million in debt, a TPI Polene executive and one of its creditors said. "Creditors have agree

Melón posts ripe Q1 profits

25 May 2004, Published under Cement News

Chilean cement company Empresas Melón posted an 8.37bn-peso (US$13.4mn) consolidated net profit in the first quarter, up 17.6% from 1Q03, the company said in a statement to the country’s securit

Heracles pretax profit up 137 per cent

25 May 2004, Published under Cement News

Greek cement producer Heracles said on Monday its first-quarter group pretax profit rose 137 percent to 14 million euros, thanks to better weather than last year and rising profit margins in Greece.

Colombian group Argos leads profit ranking

24 May 2004, Published under Cement News

In the first quarter this year, Colombian cement group Argos consolidated its position as one of the most solid organizations in the country and with the highest profit volume. Three companies of the

PPC result comment

24 May 2004, Published under Cement News

Pretoria Portland Cement has set the tone for the upcoming reporting season with strong interim and full year results. PPC was largely driven by improved infrastructural development as well as an inc

Titan first quarter advance

21 May 2004, Published under Cement News

The Titan cement group saw turnover increase by 10.7% to EUR231.6m and the operating profit at the EBITDA level rose by 32.0% to €55.3m, while the pre-tax profit more than trebled to EUR30.3m. Global

Cement merger on the cards?

21 May 2004, Published under Cement News

The Competition Tribunal is expected to hear two large mergers next week between three cement manufacturers -- Alpha, PCC and Lafarge -- and a proposed transaction involving investment holding compan