Cement News tagged: Corporate
Holcim Schmidheiny in Capital Hike
Swiss industrialist Thomas Schmidheiny, the single biggest shareholder of cement company Holcim, will participate in a planned capital increase, his spokesman said Tuesday. "Mr Schmidheiny will take
Cementir ready for Turkish growth
Francesco Caltagirone, the chairman of the Italian cement group Cementir, yesterday told the group’s shareholders that it is interested in further acquisitions in Turkey. In 2004, he continued,
Garadagh profits
The undistributed profits of Garadagh Cement reached AzM 42055.944 mn last year as against AzM 13814.076 mn by the beginning of last year, Azer-press learned from representatives of Garadagh Cement. T
Portugal Cimpor To Increase Output by 44 per cent
Portugal’s cement producer Cimpor expects to increase its output by 44 per cent, up to 31.8Mt of cement by 2008. Cimpor plans to acquire companies abroad that are expected to produce 6.0Mt of i
Opening of Holcim factory in Alesd
Romanian Prime Minister Adrian Nastase told the opening ceremony on Friday of Holcim factory in Alesd, Bihor county, that local cement prices are a concern with Romanian authorities. Nastase pointed o
Semapa head proposed as Portucel chairman
Portuguese cement company Semapa said on Thursday that its chairman has been proposed to take the same post at pulp and paper company Portucel. Semapa last month won a 30 percent stake in Portucel in
OUTLOOK Holcim set for Q1 recovery
Holcim Ltd is to report a sharp increase in first quarter profits next Thursday compared to a very poor year-earlier period, with the cement maker’s business environment pointing upwards, analys
Aggregate Industries expands in Nevada
Having entered the Nevada market last November with the acquisition of Southern Nevada Paving, Aggregate Industries extended its interests in that area of the United States buy the purchase of Frehner
Bargarh Cement India
Bargarh Cement (formerly Idcol Cement), ACC¹s recently acquired subsidiary, has generated Rs 64 crore revenues and a profit of around Rs 2.6 crore after its takeover. ACC had taken over the plant on D
Wienerberger makes a good start to the year
In the first quarter of 2004, turnover at Wienerberger AG rose by some 15% to €312.3m and the EBITDA emerged around 30% higher at €51.9m, in spite of negative exchange rate effects, principally from t
French Vicat
French building materials supplier Vicat SA posted a Euro 125.67m net profit for 2003, a 4.2 per cent year-on-year increase, it was reported on May 6, 2004. Net profit per share reached Euro 8.06m,
CRH makes ’positive’ start
Building materials group CRH told shareholders yesterday that it had enjoyed a positive start to the year, but made it clear that its European markets were still depressed. In a statement to the comp
Cimpor sells debut Euro600m bonds
Portuguese cement company Cimpor - Cimentos de Portugal SGPS SA saw strong demand for a 600 million euro seven-year bond on Wednesday, its debut in the corporate bond market. Issuance in the investme
Lafarge North America Inc
Lafarge North America has recorded a first quarter 2004 net loss of $70.8m, or 96 cents per share diluted. The results compare to a net loss of $87m, or $1.19 per share diluted, in the first quarter o
St. Lawrence Cement posts bigger 1st-quarter loss
St. Lawrence Cement Group Inc posted a bigger first-quarter loss on Tuesday, as lower cement prices and higher operating expenses offset an increase in sales. The Montreal-based company said it lost
Egyptian National Cement approves
The general shareholders’ meeting of Egypt’s National Cement Company (NCC) approved on May 3, 2004 the company’s draft budget for the fiscal 2004/05, ending June 30, 2005, eyeing a n