Cement News tagged: Corporate
Juan Minetti Q1 net profit falls 55.8%
Juan Minetti, Argentina’s second largest cement producer, saw first quarter net profits drop 55.8% to 28.8m pesos (US$10m) from 1Q03 due to exchange rate differences, the company said in a state
Indonesian producer loses Rp 14b in 2003
Cement maker PT Semen Cibinong, a subsidiary of Holcim , has recorded a loss of Rp14bn (US$1.5m) last year due in part to a decline in exports.
Philippines Republic cement 1Q net lifted by acquisitions
Philippine producer Republic Cement Corp said it swung to a net profit in the first quarter after a substantial loss in the year-ago period on account of its recent acquisitions, an increase in cement
Lafarge names Blatz head of aggregates, concrete
Lafarge has put Jean-Charles Blatz in charge of its aggregates and concrete business following the departure of Charles de Liedekerke, it said on Monday.
Cementir boosted by Turkish recovery
The first quarter turnover at the Italian cement producer Cementir rose buy 13.7% to €71.4m while the EBITDA was little changed at €16.1m, though the trading profit advanced by 12.8% to €8.8m and the
China’s cooling may help majors
China’s move to rein in building industries to cool its surging economy is expected to wipe out thousands of small cement plants and give foreign firms a crack at the world’s biggest marke
Holcim Shareholders Approve
Shareholders of Swiss cement company Holcim Ltd. Friday approved the firm’s capital increase and dividend payout, the company said. Holcim shareholders agreed to the capital increase of approxi
Cimpor increases first quarter cement volume by 3%
First 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 shar
Reduced costs help Polpaico
Reduced 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 1Q0
Argentine Juan Minetti - small profit noted
Argentine 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 compan
Barloworld’s profit soars
Barloworld, 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 Sib
Lafarge: more Romanian investments
Lafarge 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 conc
Holcim Schmidheiny in Capital Hike
Swiss 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
Cementir ready for Turkish growth
Francesco 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,
Garadagh profits
The 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. T
Portugal Cimpor To Increase Output by 44 per cent
Portugal’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 i