Cement News tagged: Corporate
Philippines Republic Cement
Republic Cement Corp, majority owned by Lafarge said Friday its board has approved to fully acquire Lafarge’s Continental Operating Corp which will increase its total cement capacity to 8.5Mta o
Kuwait Cement Co H1 2004
The net profit of Kuwaiti cement manufacturer Kuwait Cement Company fell to 7.12 mln Kuwaiti dinars ($24.2 mln/20 mln euro) in the first half of 2004 from 15.08 mln dinars ($51.2 mln/42.4 mln euro
YTL Corp pre-tax profit jumps 39%
YTL Corp Bhd has recorded a 39% jump in pre-tax profit to RM1.16bil for the fiscal year ended June 30, as revenue improved by 9% to RM4.4bil from the previous year on better operating results by i
FLS sees good demand for new kiln capacity
Turnover at FLS Industries rose by 8.7% to DKr.7767m (€1,031m) during the first half of 2004, while the EBITDA, though still modest, rose from DKr.27m (€3.6m) to DKr.362m (€48.7m). The trading profit
Siam City Cement: Lower 2H
Siam City Cement PCL said Wednesday it expects to maintain sales growth at 10% on year in the second half of 2004, but its net profit will likely be squeezed due to higher operating costs on rising oi
Indocement Hedges debt
The Management of PT Indocement Tunggal Prakarsa Tbk has been hedging the principles as well as the interest of its debt the company will pay until January 2005. Christian Kartawijaya, the finance di
Ultratech Cemco listed on bourses
Ultratech Cemco Ltd, the Aditya Birla Group’s cement company, was listed on the BSE and the National Stock Exchange on Tuesday. The stock opened at Rs. 305 per share at NSE and was quoted at Rs.
Egyptian ASEC Cement soars
Egypt’s ASEC Cement Co, posted a net profit of 12.62 mln Egyptian pounds (US$2.0m) for the first half of 2004, up 345.2 pct year-on-year. The increase in earnings followed a 26.7 per cent rise
Madras Cement: organic growth mooted
Cement manufacturers in the south of India had a bad start this financial year as consumption dropped in the April-June quarter. In this situation, Madras Cements stood out because its net profit incr
Eight Year Low for Monarch Cement
EBITDA for The Monarch Cement Company for its quarter ended June 30, 2004 was $4,189,525, a 9.2% decrease over the year earlier same quarter when Monarch Cement generated $4,612,504 in EBITDA. Monarch
Maltsovsky Portland
In Jan-July 2004, Maltsovsky Portland Cement, Russia largest cement maker, produced 2Mt of cement. In June 2004 the company hit a record high output of 406,000t of cement. Maltsovsky Portland Cement p
Siam Cement to hold line on prices
The Siam Cement Group, the country’s largest industrial conglomerate, may cap the prices of its products for 12 months despite rising operating costs due to higher fuel prices, according to grou
Turkish H1 2004 financials
Turkish cement producer Akcansa Cimento posted a net profit of 34.3 trln Turkish lira ($23.25m/18.9 mln euro) for the first half of 2004, compared to 4.75 trln lira ($3.22m/2.62 mln euro) for the same
Subterfuge at Semen Gresik
According to the Jakarta Post, There is only a very slim chance that Indonesia might win its dispute with Mexican cement company Cemex SA over the foreign firm’s investment in state-controlled P
Wienerberger improves first half margins
First half turnover at Wienerberger rose by 15.1% to €837.6m and the EBITDA improved by 22.6% to €185.8m, while, after adjusting for changes to accounting policy, the trading profit emerged 35.1% high
Holcim to report
Holcim is due to report its H1 results at 6am London time on Friday 27 August. Analysts at JP Morgan expects it to report around a 7% increase in sales, 17% growth in operating profit and 29% higher e