Cement News tagged: Corporate

Egyptian Ameriya Cement

06 April 2004, Published under Cement News

Egyptian cement producer Ameriya Cement, majority owned by Cimpor reported a 58.1 per cent year-on-year drop in net profit for 2003 to 20.87 mln Egyptian pounds (US$3.4m). The decrease in earnings ca

Boral delay on AdBri deal

05 April 2004, Published under Cement News

Boral has extended for the second time its A$1 billion-plus takeover offer for cement maker Adelaide Brighton until May 7. The move was not unexpected, as the company awaits regulatory approval from

Wienerberger continues to grow

02 April 2004, Published under Cement News

The leading clay products group Wienerberger AG has reported an increase in turnover for last year by 10.5 per cent in 2003, to €1826.9m and an operating profit at the EBITDA level 15.6 per cent highe

Thai TPI to repay some debt

01 April 2004, Published under Cement News

Thai Petrochemical Industry PCL, will issue 11.8 billion new shares for a debt swap at 2.28 baht each and repay some debt with shares in its cement unit, its management team said on Thursday. TPI woul

Turkish Batisoke Cimento

Turkish Batisoke Cimento

01 April 2004, Published under Cement News

Turkish cement and clinker producer Batisoke Cimento decided at its management board meeting on March 30, 2004 to boost its paid-in capital to 56.25 trln Turkish lira ($42.7 mln/34.9 mln euro) from 11

Dyckerhoff’s profits and balance sheet improve

01 April 2004, Published under Cement News

Dyckerhoff’s operating profit at the EBITDA level rose by 1.8 per cent to €274.0m, in spite of the devastating effect of the price war in Germany, thanks to considerable savings being achieved under t

Melón 2003 net profit up 6.68%

Melón 2003 net profit up 6.68%

31 March 2004, Published under Cement News

Chilean cement company Empresas Melón posted a 16.6bn peso (US$26.8m) consolidated net profit in 2003, up 6.68 per cent from the year before, Melón said in a statement to the country’s securitie

Holcim Slovakia

31 March 2004, Published under Cement News

The largest cement producer in Slovakia, Holcim (Slovensko), Rohoznik, earned a net profit of SKK 111 million last year. "The company’s profit decreased compared with the previous year, while th

Buzzi Unicem’s balance sheet

29 March 2004, Published under Cement News

On turnover 1.2 per cent lower at €1461m, Buzzi Unicem’s operating profit at the EBITDA level declined by 5.9 per cent to €433.9m in 2003. Adjusting for the weakness in the US and Mexican currencies

HeidelbergCement’s EBITDA falls

26 March 2004, Published under Cement News

On a turnover falling 3.0 per cent at €6372m, HeidelbergCement operating profit at the EBITDA level fell by 10.7 per cent to €1024m, with trading profit 21.8 per cent lower at €391m. The net interest

Indocement’s debt continues to fall

26 March 2004, Published under Cement News

Cement and clinker sales by Indocement, the second largest cement producer in Indonesia behind Gresik, declined by 3.9 per cent last year to 11.02Mt. Although the Indonesian cement market improved by

YTL buys back 2.6m shares

26 March 2004, Published under Cement News

YTL Power International Bhd told the Stock Exchange it had bought back 2.6 million of its shares on Wednesday, all of which are retained in company’s treasury. It paid between RM3.34 to RM3.50

TPIPL changes strategy, seeks guarantee for bonds

26 March 2004, Published under Cement News

TPI Polene Plc (TPIPL), the country’s third largest cement producer, said yesterday it plans to ask Krung Thai Bank Plc to be the guarantor for its planned issuance of bonds, a shift from its pr

Indonesia’s Semen Gresik delays audit report

26 March 2004, Published under Cement News

PT Semen Gresik said it will delay releasing its 2002 and 2003 consolidated financial reports by six months to after this September due to a request to widen the scope of a special audit at subsidiary

YTL firms prices higher

25 March 2004, Published under Cement News

The shares of four YTL companies closed sharply higher on March 24 after they announced to split their shares. YTL e-Solutions Bhd was among the day top gainers, rising 41 sen to close at RM1.76. It

Merrill initiates Chia Hsin coverage with "buy"

25 March 2004, Published under Cement News

Merrill Lynch on Wednesday initiated coverage of Taiwan’s third largest cement maker Chia Hsin Cement Corp with a "buy" recommendation saying it was leveraged to growth opportunities in the boom