Cement News tagged: Corporate

Shareholder files affidavit - against L&T-Grasim deal

17 March 2004, Published under Cement News

An affidavit opposing Larsen & Toubro’s petition for Court sanction for the L&T-Grasim cement deal has been submitted. The petition comes up for hearing at the High Court, Mumbai, on March 18. T

Mikhailovcement posts results

16 March 2004, Published under Cement News

Ryazan region-based JSC Mikhailovcement (affiliated to the Eurocement Holding) produced 175,000t of cement in Jan-Feb 2004. The output of packed cement grew by 29 per cent, the Eurocement Holding pres

Italcementi suffers from cost pressures

16 March 2004, Published under Cement News

On a turnover 0.5 per cent higher at €4284.7m, the operating profit at the EBITDA level at Italcementi declined by 4.3 per cent to €1060.9m as higher operating costs, particularly in respect of transp

Thai TPI Polene to erase retained losses

16 March 2004, Published under Cement News

Thailand’s number three cement maker TPI Polene PCL said on Tuesday it plans to wipe out 19 billion baht (US$482m) retained losses by the end of the current quarter ending June 30, enabling it

Chia Hsin Cement profit growth

Chia Hsin Cement profit growth

15 March 2004, Published under Cement News

Chia Hsin Cement Greater China Holding Corp reported a near-doubling in net profit last year. The cement maker reported net profit of US$19.0m in the 12 months ended Dec. 31, 2003, up from US$10.3m a

Holcim completes Apasco deal

15 March 2004, Published under Cement News

Under the public tender offer made to minority shareholders of Mexican Group company Holcim Apasco, a total of 57,931,967 shares held by third-party shareholders had been tendered to Holcim Ltd by the

Torah cement impressive

Torah cement impressive

12 March 2004, Published under Cement News

Egypt: Torah Cement released FY03 results ending December, in which the company recorded an impressive 15.3 x net income hike to LE55m (US$8.9m) compared to LE3.6m realized in FY02. The improved botto

Lipetskcement ups cement production

12 March 2004, Published under Cement News

Lipetskcement produced around 168,000t of cement in January 37.6 per cent up on year, according to

Holcim to detail Mexican unit offer

11 March 2004, Published under Cement News

Holcim will detail the outcome of a US$750m takeover offer for Mexico’s Holcim Apasco on Monday, it said Wednesday, as a planned cash call to finance the deal continued to weigh on its shares.

NY ruling on cement plant plans

11 March 2004, Published under Cement News

New York state officials called on St Lawrence Cement to provide more data to better gauge the environmental impact a proposed expansion of its Hudson, NY, plant would have on the surrounding area inc

Lafarge Romania

10 March 2004, Published under Cement News

Lafarge posted a turnover of 6.0 trln Romanian lei (US$187.5m) for 2003 from activities in Romania, up from US$176.8m for 2002, it was reported on March 9, 2004. The company operates cement plant Laf

Egyptian Sinai Cement net profit rise

10 March 2004, Published under Cement News

Egyptian cement producer Sinai Cement reported an 81.6 per cent year-on-year surge in net profit to 35.56 mln Egyptian pounds (US$5.8m) for 2003. The increase in earnings resulted from a 12.5 per cen

Ras Al-Khaimah Co profit rise

10 March 2004, Published under Cement News

UAE: Ras al-Khaimah Co for White Cement & Construction Materials reported a 24.9 per cent year-on-year increase in sales to 113.4 mln UAE dirhams ($30.9m) in 2003, it was reported on March 9, 2004.

Kuwait’s Portland Cement profits up

10 March 2004, Published under Cement News

Kuwait Portland Cement Co said on Tuesday its net profit for 2003 had risen 86 percent to 15.14 million Kuwaiti dinars (US$51m) from 8.12 million dinars a year earlier. General manager Adel al-Ghanim

ACC raises $100m

10 March 2004, Published under Cement News

Associated Cement Companies Ltd (ACC) has raised US$100m by issuing foreign currency convertible bonds (FCCB) and global depository receipts (GDR) to international investors to fund acquisition of Bar

Holcim’s outlook for 2004

10 March 2004, Published under Cement News

Holcim’s CEO Marcus Akermann, remains optimistic over group prospects for 2004, with Holcim set on selling more cement, aggregates and concrete in its key markets, capable of improving value add