Cement News tagged: Corporate
Acquisitions push up HeidelbergCement’s volumes
Turnover at HeidelbergCement rose by 7.5% to EUR3,242m in the first half of this year, with the EBITDA climbing by 22.5% to EUR485m. Helped by the inclusion of China Century Cement and Indocement, del
Kuwait Portland Cement H1
The net profit of Kuwaiti cement trader Kuwait Portland Cement fell to 2.77 mln Kuwaiti dinars (US$9.4m) in the first half of 2004 from 6.54 mln dinars ($22.2m) in the same period of 2003. Kuwait Por
Thailand’s SEC charges
The Securities and Exchange Commission has filed a criminal complaint against Prachai Leophairatana, Stern Stewart (Thailand) and TPI Polene Plc for the alleged disclosure of false information regardi
ACC continues to improve
Indian Cement companies have enjoyed a significantly better operating environment in the June quarter, and this is reflected in ACC’s results. The takeaway from ACC’s results is that price
Tasek Corp net profit up 180%
Malaysian Tasek Corporation Bhd’s net profit surged some 180% to RM50.69 million for its financial year ended June 30, 2004 from RM18.1 million a year earlier due to higher demand for cement, pricing
HeidelbergCement Q2 pretax flat at EUR204m
HeidelbergCement AG said its second quarter pretax profit fell to 204 mln eur from 207 mln on foreign exchange losses, while sales rose.
Indian shares lower on soaring oil prices
Shares are expected to fall for a second straight day on Wednesday, with sentiment weighed down by record high oil prices, brokers said.
Cement Contractor Invests $18m
Shareholders of Devcon International Corp, a publicly held $55 million contractor known for its Caribbean construction and concrete businesses, have approved the creation of a security division headed
Vicat sales rise
French building materials supplier Vicat SA reported sales of Euro 792m for the first half of 2004, a 10 per cent rise from the first six months of 2003.
Indonesia Gresik Q2 net soars on sales
Semen Gresik reported on Tuesday a jump in second-quarter net profit as new construction spurred demand and historically low interest rates reduced debt payment costs.
Wolseley increases Irish presence
The leading European and North American distributor, Wolseley is substantially increasing its presence on the Irish market.
Gulf Cement profits rocket
Ras Al Khaimah based Gulf Cement Company has reported a 500 per cent surge in profits.
Shree Cement: a company to watch?
Shree Cement stock stock has the potential to deliver attractive returns over a one/two year period according to Indian analysts. Along with Grasim, Gujarat Ambuja and Madras Cements, Shree Cement is
Confident over profits
Confidence Cement, Bangladesh has approved five per cent dividend for its shareholders for the year 2003.
Pacasmayo H1 profits
Peru’s second largest cement producer Cementos Pacasmayo posted an 11.3% increase in net profits to PEN31m (US$9.07m) for the first half of 2004 compared to PEN27.9m in 2003, according to a fili
St Lawrence Cement 2Q
Second-quarter net income rose 25% at St. Lawrence Cement Inc, reflecting higher sales volumes and price increases.