Cement News tagged: Corporate

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

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

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

Cimpor: Spanish expansion offsets Portuguese decline

09 March 2004, Published under Cement News

In 2003, Cimpor generated a turnover of €1,360.9m, an increase of 3.3 per cent on cement and clinker sales 11.1 per cent higher at 18.29Mt. Cement capacity, based on using own clinker, now stands at 2

Portugal Cimpor 2003 Net Profit

08 March 2004, Published under Cement News

Portuguese cement group Cimpor - Cimentos de Portugal SGPS, reported a 5.3 per cent year-on-year rise in 2003 net profit to Euro 185.9m, the company announced on March 5, 2004. The company’s tu

Semen Gresik draws interest from foreign investment firms

08 March 2004, Published under Cement News

Several foreign investment firms have expressed interest to buy a stake in state-owned cement maker PT Semen Gresik should Mexican cement firm Cemex SA decide to pull out from the local firm, the dail

Holcim Vietnam

08 March 2004, Published under Cement News

Holcim Vietnam held a function in HCM City on February 23 to introduce its new cement. Laurent Houmard, Holcim Vietnam sales and marketing director, said the company had planned to sell 2.6Mt of

HeidelbergCement and H+H sell joint venture

08 March 2004, Published under Cement News

HeidelbergCement and the Danish-based aerated concrete producer H+H International are selling their joint venture H+H Fiboment to its management backed by private equity firm Procuritas Capital Invest

FLS is looking to sell Aalborg Portland and Unicon

05 March 2004, Published under Cement News

Turnover at FLS Industries declined by 9.3 per cent to DKr14,911m (€2006.6m) in 2003, principally reflecting the divestment of non-core businesses. Continuing high processing costs at the environment

Imerys’ running profit advances

05 March 2004, Published under Cement News

Turnover at Imerys declined by 4.7 per cent to €2,729.2m as exchange rate movements took their toll, but at the underlying level there was a 2.8 per cent increase. The EBITDA emerged 5.1 per cent low

TPI Polene gains

04 March 2004, Published under Cement News

TPI Polene Plc (TPIPL), the country’s third-largest cement producer, projects that its 2004 income will expand by at least 15 per cent from last year’s income of 19 billion baht on the back of higher