Cement News tagged under: corporate
Cimpor: Spanish expansion offsets Portuguese decline09 March 2004, Published under Cement NewsIn 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 23.4Mt, following the commissioning of a new production line in Egypt earlier this year. The increased volumes were entirely attributable to acquisitions and without these the tonnage volumes would have been down by some seven per cent. The operating profit at the EBITDA level edged ahead by 0.... |
Portugal Cimpor 2003 Net Profit08 March 2004, Published under Cement NewsPortuguese 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 turnover totalled Euro 1.361bn, up 3.3 per cent. On the other hand, operating cash flow and operating profit increased slightly, up 0.2 per cent and up 1.8 per cent, respectively. The return on equity (ROE) increased to 19.5 per cent from the previous 17.3 per cent. The company’s performance in Spai... |
Semen Gresik draws interest from foreign investment firms08 March 2004, Published under Cement NewsSeveral 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 daily Koran Tempo reported, quoting State Minister for State Enterprises Laksamana Sukardi. Sukardi said the government is looking for potential buyers in case Cemex sells its 25.4 pct stake in Semen Gresik. Mostly foreign investment firms have responded, he said but declined to the name the compan... |
Holcim Vietnam08 March 2004, Published under Cement NewsHolcim 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 cement this year, 500,000t higher than last year. The company has also launched a sales promotion program for retailers and consumers. It has a plant in Kien Giang Province and a grinding station in District 2, HCM City. |
HeidelbergCement and H+H sell joint venture08 March 2004, Published under Cement NewsHeidelbergCement 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 Investors for an undisclosed amount. H+H Fiboment was formed in 2000 through the joint sellers merging their pre-cast lightweight concrete panels and the disposal forms part of both HeidelbergCement and H+H International concentrating on their core activities. H+H Fiboment, which will have to change... |
FLS is looking to sell Aalborg Portland and Unicon05 March 2004, Published under Cement NewsTurnover 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 environmental division FLS Miljø led to the group reporting a loss even at the EBITDA level. This was DKr101m (€13.6m) compared with a DKr317m profit in 2002. As substantial reduction in shareholders’ funds, principally by writing down the assets of FLS Aerospace where a sale was agreed last month, geari... |
Imerys’ running profit advances05 March 2004, Published under Cement NewsTurnover 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 lower at €501.5m. The negative currency effect was largely restricted to the minerals-based operations that operate in global markets. Helped by lower depreciation and interest costs, the running profit before tax rose by 10.6 per cent to €326.0m. Net debt fell by 14.9 per cent to €986.3m and th... |
TPI Polene gains04 March 2004, Published under Cement NewsTPI 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 prices for cement and plastic pellets. “We believe our revenue will increase by about 15 percent this year since prices of cement and plastic pellets climbed up by about 10-15 percent,” Prasert Ittimakin, senior vice president of TPIPL said. Meanwhile, TPIPL chief executive officer Prachai Leop... |
Pacasmayo profits tick up on Zemex purchase03 March 2004, Published under Cement NewsPeru’s third largest cement maker Cementos Pacasmayo has reported 2003 profits of 56.8mn soles (US$16.9m), up 2.16 per cent up on the 55.6mn soles reported in 2002, according to information the company gave the Lima Stock Exchange. A positive contribution from industrial operations from new subsidiary Zemex Industrial Minerals more than made up for lower cement sales. Cement production fell 3.82 per cent from 741,463t in 2002 to 713,145t in 2003. Pacasmayo bought Canadian minerals company Z... |
Weather and currencies depress CRH03 March 2004, Published under Cement NewsThe Dublin-based building materials group CRH plc produced a 2.6 per cent increase in turnover to €11,079m, in spite of adverse exchange rate movements, particularly the US dollar followed by the Polish zloty, and weather conditions. At constant exchange rates, turnover advanced by 14.9 per cent. The operating profit at the EBITDA level emerged a marginal 0.1 per cent lower at €1502.9m while the trading profit was off by 0.3 per cent to €1044.7m. Helped by a 14.8 per cent reduction in the... |