Cement News tagged under: corporate
DG Khan Cement 9-mth profit rises to Rs91m, Pakistan27 April 2004, Published under Cement NewsD G Khan Cement Company Limited almost trebled net profit to Rs 591.3m in the first nine months of the current financial year against Rs 200.62 million in the same period last year, the company said in a statement to the Karachi Stock Exchange (KSE). The company said its net profit in the third quarter (Jan-March) rose to Rs 168.3m from just Rs 24.45m in the same period last year. Analysts said high cement prices backed by export-led demand helped the company to post a significant rise... |
PPC announces earnings increase of 30% or more26 April 2004, Published under Cement NewsSouth Africa’s PPC has advised shareholders that the increase in its headline earnings and attributable earnings would be 30 percent or more in the six months to March compared with the previous period. In an updated trading statement published on Friday, PPC said regional cement industry sales volumes in March reflected growth well ahead of expectations, with an increase of 25 percent compared with March last year. "This larger-than-expected surge in demand has resulted in improved sa... |
Italcementi sees EUR1.5bn investments in next five years26 April 2004, Published under Cement NewsItalcementi SpA CEO Giampiero Pesenti said he sees the group investing EUR1.5 over the next five years, one third of it in Italy – the same amount as it invested over the last five years. Pesenti was speaking at the inauguration of a EUR150m plant at Calusco d’Adda, outside Bergamo in the north of Italy, where he also said Italcementi is facing obstacles expanding in China. ’In the last five years we have made industrial investments worth EUR1.5bn, a third of these in Italy. For the ... |
Cemex income skyrockets 1Q to US$311m23 April 2004, Published under Cement NewsCemex has reported a US$311m in net income for the first quarter this year, a 282 per cent increase YoY thanks to stronger operating performance and improved foreign exchange results, it said in a statement. "The expansion of the global economy led to increased cement and ready mix demand in most of our markets," the company said. "Public spending on infrastructure and housing continues to be the main drivers of cement demand in our markets." During the first quarter, Ebitda was up 2... |
Lafarge in Russia22 April 2004, Published under Cement NewsLafarge may be purchasing a number of plants that produce construction materials in Russia, company executive director Bruno Lafont told the press in Chelyabinsk. Lafarge already owns controlling stock interests in Voskresensktsement (Moscow region) and Uraltsement (Chelyabinsk region). The French company want to continue developing its business in Russia, Lafont said. It owns 150 construction materials plants in various countries around the world, all told. He noted that Lafarge has giv... |
Jidong Cement 1Q net profit surges after new units begin operations22 April 2004, Published under Cement NewsTangshan Jidong Cement Co Ltd said its first-quarter net profit soared to 12.19m yuan against 0.57m a year earlier, on the back of contributions from two of its units, which were recently put into operation. The company’s Panshi and Sanyou cement units posted a net profit of 9.39 mln yuan and 4.97 mln yuan respectively in the first three months. The two units were still under construction last year. The listed cement maker recorded a core revenue of 263.66m yuan in the first quarter, up... |
Portugal Fundacao Berardo Acquires 8.77 per cent in Cimpor21 April 2004, Published under Cement NewsPortuguese cement producer Cimpor informed the national securities regulator CMVM on 20 April, 2004 that a total of 8.77 per cent of its share capital was acquired by Fundacao Berardo, controlled by the Portuguese investor Joe Berardo. The 8.77 per cent stake accounted for a total of 58,947,945 Cimpor shares, bought by Fundacao Berardo on April 15, 2004. After the operation, Fundacao Berardo controls a total of 8.84 pct of Cimpor’s voting rights. Apart from the 8.77 per cent, sold on... |
Italy’s Buzzi aims to cut debt, raise dividend21 April 2004, Published under Cement NewsItalian cement company Buzzi Unicem (BZU.MI) is aiming in the near future to cut debt, keep high levels of operating efficiency and if possible further its dividend, its deputy chairman said on Tuesday. Franco Buzzi also said the company, which controls Germany’s second-largest cement maker Dyckerhoff , would be on the lookout for acquisitions of limited size. "In the near future we want to reduce our debt, keep the group at maximum efficiency and we plan to pay a dividend, possibly ... |
Polpaico to invest US$15m this year20 April 2004, Published under Cement NewsChile’s Cemento Polpaico will invest US$15m this year, company general manager Eduardo Kretschmer said during the company’s annual shareholders’ meeting. The investment will go towards the construction of a coprocessing plant fired by alternative fuels, the purchase of cement mixer trucks and projects aimed at rationalising costs. However, Kretschmer said that this year’s forecast 2-3 per cent cement sales increase will prevent companies from investing larger sums. The funds to be i... |
Semapa sells nine per cent stake in Cimpor16 April 2004, Published under Cement NewsPortuguese cement company Semapa has said it has sold its entire nine per cent stake in rival Cimpor SA for EUR251m. Semapa said that in Thursday’s market session it sold 8.77 per cent of its Cimpor stake, having sold 0.22 per cent in various market operations during the previous two months. The buyer of the block wasn’t identified. According to local news reports, Semapa booked a EUR40m gain from the stake sale, and that the buyer may have been Metalgest, a Portuguese investment... |