Cement News tagged: Corporate
BBL approves new TPI debt plan
Thai Petrochemical Industry Plc’s (TPI) largest creditor, Bangkok Bank Plc (BBL), said it has approved ’in principle’ TPI’s new debt restructuring plan. BBL chairman Chatri So
Moroccan Lafarge Ciments posts good profits
Moroccan cement company Lafarge Ciments’s 2003 consolidated net profit rose 13.6 per cent year-on-year to 784 mln Moroccan dirhams (US$87.6m), the company’s CEO Jean Marie Schmitz told a n
Egyptian Ameriya Cement
Egyptian cement producer Ameriya Cement, majority owned by Cimpor reported a 58.1 per cent year-on-year drop in net profit for 2003 to 20.87 mln Egyptian pounds (US$3.4m). The decrease in earnings ca
Boral delay on AdBri deal
Boral has extended for the second time its A$1 billion-plus takeover offer for cement maker Adelaide Brighton until May 7. The move was not unexpected, as the company awaits regulatory approval from
Wienerberger continues to grow
The 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 highe
Thai TPI to repay some debt
Thai 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 woul
Turkish Batisoke Cimento
Turkish 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
Dyckerhoff’s profits and balance sheet improve
Dyckerhoff’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 t
Melón 2003 net profit up 6.68%
Chilean 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 securitie
Holcim Slovakia
The 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 th
Buzzi Unicem’s balance sheet
On 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
HeidelbergCement’s EBITDA falls
On 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
Indocement’s debt continues to fall
Cement 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
YTL buys back 2.6m shares
YTL 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
TPIPL changes strategy, seeks guarantee for bonds
TPI Polene Plc (TPIPL), the country’s third largest cement producer, said yesterday it plans to ask Krung Thai Bank Plc to be the guarantor for its planned issuance of bonds, a shift from its pr
Indonesia’s Semen Gresik delays audit report
PT Semen Gresik said it will delay releasing its 2002 and 2003 consolidated financial reports by six months to after this September due to a request to widen the scope of a special audit at subsidiary