Cement News tagged under: corporate
Cimpor increases first quarter cement volume by 3%17 May 2004, Published under Cement NewsFirst quarter turnover at Cimpor rose by 4.3% to EUR321.4m, but the operating profit at the EBITDA level declined by 4.2% to EUR115.6m. After a similar percentage decline at the trading level, a sharp reduction in financial charges led to an increase in the running profit before tax of 4.9% to EUR64.5m. The lower operating margin reflects higher transport costs and increased plant maintenence during the period. In Portugal, turnover fell by 1.2% and domestic cement deliveries were down ... |
Reduced costs help Polpaico13 May 2004, Published under Cement NewsReduced operating, administrative and sales, and financial costs helped Chile’s Cemento Polpaico post a 4.77-peso (US$7.48m) consolidated net profit in the first quarter, up 28 per cent from 1Q03. For the period, operating profits grew 15.5 per cent to 6.74bn pesos and revenues dropped 12.5 per cent to 29.3bn pesos, Polpaico said in a statement to the country’s securities regulator (SVS). Last month, company general manager Eduardo Kretschmer said during Polpaico’s annual shareholders’ mee... |
Argentine Juan Minetti - small profit noted13 May 2004, Published under Cement NewsArgentine cement maker Juan Minetti, owned by Holcim, and the second largest group after Loma Negra, posted a net profit of 28.75 mln Argentine pesos ($9.73m) for the first quarter of 2004, the company reported to the Argentine stock exchange on May 11, 2004. The net worth of the company by end-March 2004 totalled 804.12 mln pesos ($272.12m). In June 2003, Juan Minetti signed an agreement with its local and foreign creditors for the restructuring of the debt of the company totalling 1.168 bl... |
Barloworld’s profit soars13 May 2004, Published under Cement NewsBarloworld, the listed international brand management company that yesterday reported a 77 percent jump in headline earnings a share, is poised to establish a foothold in the potentially lucrative Siberian and Chinese markets. In the six months to March, Barloworld increased its shareholding in Pretoria Portland Cement (PPC) from 67.4 percent to 70.1 percent at a cost of R189 million. Tony Phillips, Barloworld’s chief executive, emphasised that the company was not preparing to buy out minori... |
Lafarge: more Romanian investments12 May 2004, Published under Cement NewsLafarge has said it planned to invest Euro 4.0m in its operations in Romania this year, local news sources reported. Lafarge will invest Euro 2.0m in aggregate production and another Euro 2.0m in concrete production, quoting the director general of the cement plant Romcim Lafarge, Philippe Questiaoux, as saying late on Monday. Lafarge companies in Romania include Lafarge Romcim, stone quarry Lafarge Agregate Betoane and plasterboard producer Lafarge Arcom Gips, which employ a total of ov... |
Holcim Schmidheiny in Capital Hike12 May 2004, Published under Cement NewsSwiss 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 part at least partially and possibly fully," spokesman Joerg Denzler told Dow Jones Newswires. Schmidheiny, former Holcim chief executive and chairman, holds around 24 per cent of the company’s voting rights. Schmidheiny, a billionaire investor and Holcim’s former chief executive, last year red... |
Cementir ready for Turkish growth12 May 2004, Published under Cement NewsFrancesco 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, Cementir’s existing Turkish subsidiary, Cementas, could sees its Ebitda rise by at least 50 per cent. Mr Caltagirone also stressed that Turkey made a big contribution to his group’s turnover in 2003, while its Italian operations were penalised by the rising cost of transport and raw materials. During... |
Garadagh profits11 May 2004, Published under Cement NewsThe 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. This information is based on the balance audit completed by the auditor by the name of Namig Abbasov. The profits were insufficient for disbursement of the dividends for last year because the capital of the joint-stock company would have been reduced then. The capital of the company rose from Az... |
Portugal Cimpor To Increase Output by 44 per cent11 May 2004, Published under Cement NewsPortugal’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 its output. The company has so far invested Euro 2.1m during the past 11 years in increasing its production capacity to 14.8Mt of cement. Cimpor will have to invest Euro 850m by 2008 to fulfil its aims. |
Opening of Holcim factory in Alesd10 May 2004, Published under Cement NewsRomanian 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 out that the Ministry of Public Finance and the Competition Council should discuss this topic, mostly in order to avoid the temptation of promoting on the Romanian market a higher price than the export one. He hailed the Swiss business concern investment in Romania and showed that investment proj... |