Cement News tagged: Corporate
Buzzi Unicem increases first half pre-tax by 48 per cent
Buzzi Unicem’s first half turnover rose by 5.2 per cent to EUR1,382.2m and the EBITDA advanced by 8.2 per cent to EUR328.1m. Helped by a 25.5 per cent drop in net finance costs to EUR69m and an increa
Cemex offering to generate US$260m
Cemex has already significantly increased the efficiency of the UK’s RMC after buying it last year, is offering 31m shares after its stock price rose by two-thirds since the acquisition was anno
Cementir’s balance sheet remains strong
In spite of having acquired Aalborg Portland Cement and Unicon last October, Cementir retains one of the strongest balance sheets in the sector and could easily afford further acquisitions. Net debt
Serbian Novi Popovac Renamed Holcim Srbija
Serbian cement producer Novi Popovac changed its name to Holcim Srbija following a change in its ownership structure.
Cemex guidance
Cemex said on Monday it saw third-quarter EBITDA close to US$1bn, up 50 per cent from a year earlier on higher sales.
Cementir net profit at EUR27.9m H105
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, posted a net profit of EUR27.9m (US$34.4m) for the first half of 2005, up by 85% YoY.
Tunisia sells stake in cement co Sotacib to Spanish group
Tunisia has sold its entire, 50 per cent stake in the Tunisian-Algerian cement company Sotacib to an unnamed Spanish sector group
Aditya Birla name game
The Aditya Birla Group has taken a cue from the Tatas and Reliance. All group companies are likely to have the name of its founder-chairman, and the creation of Aditya Birla Nuvo is just the beginning
Cement giant holds talks on CNY700m long-term loan
Anhui Conch Cement, China’s largest cement producer, is in talks to secure a long-term loan of CNY600-700m (HK$576-HK$672m), the company said.
Lafarge hit by lower cement prices in Brazil, Malaysia and Korea
On the previously announced 6.3% increase in turnover 5.7% to €7,220m for the first half, Lafarge’s EBITDA for the period fell by 3.7% to €1,291m. The trading profit declined by 7.3%, or by 9.3
Lafarge 1H net profit down
Lafarge said its first-half net profit fell by 18% to EUR359m on difficult market conditions in Brazil, Malaysia, Germany and South Korea.
Boral attractive, but near-term bid talk seen overdone
A run of takeovers among global building products groups could deter any near-term bid for Australia’s Boral Ltd, despite a sharp price spike on takeover speculation, fund managers and analysts
Cemex reverts losses betting on rates
Rodrigo Treviño, Finance manager at Cemex S.A., had losses of US$467m two years ago, because of betting on an interest rate rise in the United Sates. Currently, the company is reverting that loss wit
Orascom’s record sales
OCI reports 43% growth in consolidated revenue and a 57% rise in net income for the six months ended 30 June 2005
Cemex move to improve balance sheet
In a further move to reduce the debt on its balance sheet in the wake of the cash acquisition of RMC Group, Cemex has sold assets valued at US$91.6m to its existing joint venture with
Morgan Stanley chosen as prime bidder for Ssangyong Corp
Global investment bank Morgan Stanley has been selected as the preliminary preferred bidder for Ssangyong Corp, a troubled South Korean trading company, Ssangyong’s creditors said Friday.