Cement News tagged under: corporate
Wienerberger continues to grow02 April 2004, Published under Cement NewsThe leading clay products group Wienerberger AG has reported an increase in turnover for last year by 10.5 per cent in 2003, to €1826.9m and an operating profit at the EBITDA level 15.6 per cent higher at €349.9m, with margins widening from 18.3 per cent to 19.2 per cent. The strongest growth came from the operations in north-western Europe, where the EBITDA rose by 54.4 per cent to €88.0m, benefiting from an initial contribution from the 50 per cent stake in Koramic Roofing and the full eff... |
Thai TPI to repay some debt01 April 2004, Published under Cement NewsThai Petrochemical Industry PCL, will issue 11.8 billion new shares for a debt swap at 2.28 baht each and repay some debt with shares in its cement unit, its management team said on Thursday. TPI would repay 10 billion baht of debt with 249 million shares it held in TPI Polene PCL, at 40 baht each, Siri Jirapongphan, a member of the government-appointed TPI management team told Reuters. TPI shares were suspended from trading on Thursday morning trade pending the announcment of the plan. |
Turkish Batisoke Cimento01 April 2004, Published under Cement NewsTurkish cement and clinker producer Batisoke Cimento decided at its management board meeting on March 30, 2004 to boost its paid-in capital to 56.25 trln Turkish lira ($42.7 mln/34.9 mln euro) from 11.25 trln lira ($8.5 mln/7.0 mln euro). The company said in a statement to the Istanbul Stock Exchange (IMKB) that the capital increase will be carried out through a 400 pct bonus issue. A total 45 trln lira ($34.2 mln/27.9 mln euro) will be covered from the company’s revaluation funds. Batisoke ... |
Dyckerhoff’s profits and balance sheet improve01 April 2004, Published under Cement NewsDyckerhoff’s operating profit at the EBITDA level rose by 1.8 per cent to €274.0m, in spite of the devastating effect of the price war in Germany, thanks to considerable savings being achieved under the ‘Dyckerhoff 21’ cost cutting programme and even in Germany profitability improved by some €20m. At the running profit level before tax, Dyckerhoff achieved a profit of €30.1m compared with a loss of €34.8m in 2002. The group turnover fell by 14.7 per cent to €1.319m, reflecting a combinatio... |
Melón 2003 net profit up 6.68%31 March 2004, Published under Cement NewsChilean cement company Empresas Melón posted a 16.6bn peso (US$26.8m) consolidated net profit in 2003, up 6.68 per cent from the year before, Melón said in a statement to the country’s securities regulator (SVS). For the period, revenue increased 9.34 per cent to 139bn pesos and operating profit grew 26.8 per cent to 26.7bn pesos. In 2003, Melón, controlled by France’s Lafarge, held a 36.4% market share. Cement deliveries in Chile grew 4.6 per cent in 2003 to 3.62Mt, the highest since 1998 ... |
Holcim Slovakia31 March 2004, Published under Cement NewsThe largest cement producer in Slovakia, Holcim (Slovensko), Rohoznik, earned a net profit of SKK 111 million last year. "The company’s profit decreased compared with the previous year, while the acquisition of three concrete ready-mix plants and merger with Holcim Beton a.s., were the most significant factors behind this drop," reported company representatives. Holcim’s turnover increased in Slovakia to SKK 3.4 billion last year. An investment of over SKK2 billion into the modernization of ... |
Buzzi Unicem’s balance sheet29 March 2004, Published under Cement NewsOn turnover 1.2 per cent lower at €1461m, Buzzi Unicem’s operating profit at the EBITDA level declined by 5.9 per cent to €433.9m in 2003. Adjusting for the weakness in the US and Mexican currencies gives underlying increase in the EBITDA of 3.4 per cent and a 7.0 per cent increase in respect of the turnover. The reduction in operating margins reflects higher energy and freight costs. Group cement deliveries rose by 3.9 per cent to 14.2Mt and ready-mixed concrete deliveries were 10.1 ... |
HeidelbergCement’s EBITDA falls26 March 2004, Published under Cement NewsOn a turnover falling 3.0 per cent at €6372m, HeidelbergCement operating profit at the EBITDA level fell by 10.7 per cent to €1024m, with trading profit 21.8 per cent lower at €391m. The net interest charge was 2.6 per cent lower at €222m and helped by higher investment income, the running profit before tax emerged 25.0 per cent lower at €258m. The net debt was reduced by some €700m during the year, giving a reduction in the gearing level from 112 per cent to 86 per cent. Capital investme... |
Indocement’s debt continues to fall26 March 2004, Published under Cement NewsCement and clinker sales by Indocement, the second largest cement producer in Indonesia behind Gresik, declined by 3.9 per cent last year to 11.02Mt. Although the Indonesian cement market improved by around one per cent last year, Indocement’s domestic deliveries fell by 7.2 per cent to 8.4Mt as the company took a more aggressive stance on pushing up prices than some of its competitors. Export volumes, on the other hand, moved ahead with the majority of exports going to the HeidelbergCemen... |
YTL buys back 2.6m shares26 March 2004, Published under Cement NewsYTL Power International Bhd told the Stock Exchange it had bought back 2.6 million of its shares on Wednesday, all of which are retained in company’s treasury. It paid between RM3.34 to RM3.50 for each share, or a total of RM9.1 million. YTL Power said it proposes to cancel 44.9 million of the shares it has bought back. In a separate announcement, YTL Cement Bhd said it has bought back 538,600 of its own shares at prices ranging from RM5.00 to RM5.30 each for RM2.8 million. The company ... |