Cement News tagged under: corporate
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... |
Semapa head proposed as Portucel chairman10 May 2004, Published under Cement NewsPortuguese 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 the second stage of the company’s privatisation. State control fell to about 25 per cent. Chairman Pedro Queiroz Pereira will replace Jorge Armindo as Portucel chairman, Semapa said in a statement. Semapa board member Jose Honorio will become chief executive and Manuel Regalado will become chie... |
OUTLOOK Holcim set for Q1 recovery10 May 2004, Published under Cement NewsHolcim 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, analysts said. However, risks such as rising energy prices, currency fluctuations and weaknesses in selected markets remain, they warned. Net profit is forecast to rise to Sfr30-106m, from Sfr 10m a year ago, and EBIT at Sfr330-375m, against Sfr 290m. Sales are expected to come in between Sfr 2.627-2.678... |
Aggregate Industries expands in Nevada10 May 2004, Published under Cement NewsHaving 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 Construction Company for US$95.8m. Significantly, Frehner Construction Company, which last year generated a turnover of US$168m and a pre-tax profit of US$1.1m, owns the other 50% of the large Sloan Mountain quarry near Las Vegas with reserves amounting to some 600m tonnes of limestone. Throu... |
Bargarh Cement India10 May 2004, Published under Cement NewsBargarh 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 December 22 last year and has prepared independent accounts for this particular period of three months and nine days. However, for the full financial year, Bargarh has made a loss of Rs 26 crore as compared to loss of Rs 21 crore in 2002-03. This is because following the takeover, ACC had adjus... |