Cement News tagged: Corporate
Dyckerhoff’s Roentgen to quit
German cement maker Dyckerhoff AG said Monday its management board member Alexander Roentgen will leave the company at the end of the year to become Executive Director of RMC Group, the parent company
Cimpor 1H down
Cimpor-Cimentos de Portugal SGPS said Monday that increased export activity and lower prices for its products in Brazil helped trim consolidated net profit 3.8% in the first half to EUR86.8 mllion fro
CEMEX sees Q3 EBITDA higher
Cemex sees Q3 EBITDA at US$645m, up 13 per cent from the year earlier period, while operating income is expected to be about US$485m, up 20 per cent. Third quarter revenues are expected at more than U
Lafarge allowed to raise capital
The Philippines Securities and Exchange Commission (SEC) has allowed the local units of French conglomerate Lafarge group to increase their capital stock as payment for liabilities against their paren
Buzzi Unicem’s first half cement volumes exceed 15Mt
The enlarged Buzzi Unicem increased cement sales by 2.3% in the first six month of the year to just over 15Mt while ready-mixed concrete deliveries were 2.8% higher at 7.3Mm3. The underlying turnover
Strong cement sales; weaker prices
A Buy recommendation on Siam City Cement is reiterated with a share price objective of Bt265. The price objective is based on discounted cash flow with a sustainable growth rate of 5% and a discount r
Cemento Nacional sells non-core assets
Ecuadorian cement producer Cemento Nacional (CN) has sold non-core assets to maintain a focus on cement, concrete and aggregate production, daily newspaper Hoy reported. Five factories that produce b
Lafarge widens first half margins
On the back of a 7.0% increase in turnover to €6,794m, Lafarge increased the operating profit at the EBITDA level by 18.2% to €1,317m and the trading profit by 30.7% to €876m. Helped by a 28.5% reduct
Boral eyes Florida tile market
The Australian-based building materials group Boral is investing US$12m in a clay tile plant joint venture on Trinidad to supply the Florida market. Boral’s joint venture partner, ANSA McAL Group, ow
Lafarge lifts guidance after forecast-beating H1.
Lafarge’s first-half net profit more than doubled on higher demand for building materials amid better weather in Europe and North America, prompting the world’s biggest cement maker to imp
GCC’s domestic expansion options limited
Mexican Cement maker Grupo Cementos de Chihuahua’s limited expansion opportunities in Mexico and dependence on operations in Chihuahua state hinder its credit rating, Standard & Poor’s ana
Buyers eye Turkish factories
Italcementi SpA unit Ciments Francais has declared its interest in acquiring several factories in Turkey formerly operated by local diversified group Uzan, and which were placed under state control af
RMC: takeover bid from CRH?
Shares in RMC Group PLC gained in early trade as dealers mulled UK news reports that the cement group could soon be on the receiving end of a UK£2.1bn cash bid, worth 800 pence per share. Traders at
Gresik to expand cement capacity
Indonesia’s Semen Gresik to expand cement capacity by 5.3Mt - report news sources in Jakarta. State-owned PT Semen Gresik, the country’s largest cement producer, plans to raise its consoli
Ciment Francais Expects Rise in 2004 Profit
French cement maker Ciments Francais SA expects its 2004 net profit to improve as compared to 2003, in view of its financial results for the first half of 2004, the company said on September 7, 2004.
Buzzi Unicem 2004 EBITDA
Italian cement and concrete company Buzzi Unicem will post 2004 earnings before interest, tax, depreciation and amortisation (EBITDA) in line with the 2003 results, company vice president Franco Buzzi