Cement News tagged: Corporate
Tasek to set up plant in Vietnam
TASEK Corp Bhd will set up a joint venture with Saigon Cement Joint Stock Company in Vietnam to establish a cement manufacturing plant in Ho Chi Minh City, Vietnam. Tasek will
Italcementi revenue up
Revenues for Italian cement producer and distributor Italcementi SpA rose by 5.7 per cent year on-year to Euro 4.528bn in 2004. The company’s net financial debt dropped to Euro
Cimpor FY04 net profits unchanged
Cement company Cimentos de Portugal SA said Thursday that despite flat sales and higher costs it posted consolidated net profits of EUR189.5m in 2004, the same as its profits for
Sebi clears Holcim open offer
The Securities and Exchange Board of India today approved the Swiss giant Holcim’s open offer to bid for stake in Associated Cement Companies at the rate of Rs 370 per share.
Open offer for Everest on hold
As a direct fall out of rescheduling of the Holdcem Cement Pvt Ltd (HCPL) open offer to shareholders of ACC and Ambuja Cement Eastern Ltd (ACEL), the offer for Everest India Ltd (EIL) has been put on
Caltagirone net debt reduction
Italian holding group Caltagirone registered a net financial debt of Euro 169.5m at end-2004, it was reported on March 16, 2005. The group had a net financial position of Euro 183.6m at end-2003. The
Semapa net profit quadruples
Portuguese conglomerate Semapa SGPS which is a majority owner of Portuguese cement maker Secil, said net profit more than quadrupled to Euro 182.1m last year from Euro 40.1m
Taiwan’s Asia Cement to inject more capital
Asia Cement Corp said its board has approved the injection of US$33.16m into its China-based unit Jiangxi Yadong Cement Co. Ahead of the injection, the unit now has paid-in
Moldovan Ciment Rezina
Moldovan cement producer Ciment Rezina, majority-owned by French building materials group Lafarge, increased its net profit twice to 19 mln Moldovan lei (Euro 1.1m) in 2004
Ciments Francais says Egypt Cement offer oversubscribed
Ciments Francais, the French unit of Italy’s Italcementi SpA, said Tuesday its revised offer, launched in conjunction with a number of other international investors, to buy some 21 million
Lafarge to develop its US positions
Bruno Lafont, managing director of Lafarge, the French building materials group, has said that it is interested in consolidating its position in mature markets such as North America as
Cementos Bio Bio earnings up
Chile’s Cementos Bio Bio posted a 24.4bn-peso (US$41.4m) consolidated net profit in 2004, up 18.7 per cent from the previous year, the cement maker reported to the country’s
Lafarge ups stake in Vietnam concrete business
Lafarge Malayan Cement Bhd subsidiary Supermix Concrete (Malaysia) Sdn Bhd has acquired the remaining 57 per cent stake in Supermix Asia Pte Ltd that it does not already
Omani Raysut Cement profits up
Oman’s cement producer Raysut Cement Co achieved a net profit of 7.017 mln Omani rials ($18.2m) for 2004, compared to 4.921 mln rials ($12.8m) in 2003, it was reported on March
Cementir 2004 net profits up
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, closed 2004 with a net profit of Euro 79.1m, up from Euro60.4m for 2003, the company announced.
Lafarge to strengthen position in Mexico
Lafarge wishes to strengthen its positions in Mexico, bastion of its local rival Cemex and an alluring market, one of the world’s 15 largest, with a strong growth potential, the head of Lafarge