Indonesia’s Semen Padang targets higher profits
Cement producer PT Semen Padang, a wholly-owned unit of state-run PT Semen Gresik, said it expects its net profit to rise to 109 bln rupiah this year from last year’s 62...
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Egyptian Assiut Cement 2004 Net Profit Soars
The net profit of Egyptian cement producer Assiut Cement soared to 286.2 mln Egyptian pounds ($49.4m) in 2004 from 28.92 mln pounds ($5.0m) in 2003. The surge in bottom-line pr...
INC returns to profit
Paraguay’s state cement company Industria Nacional del Cemento (INC) posted a US$232,000 net profit in 2004, after closing six years in the red, newspaper La Nacion
Holcim GAC close deal
Gujarat Ambuja Cement (GACL) and Holcim on Thursday announced the completion of the financial closure of a Rs 3,540 crore transaction by which Holcim has taken a stake in Ambuja...
Federal Antimonopoly Service and Eurocement
The Federal Antimonopoly Service (FAS) did not hinder the deal for acquisition of cement assets of Inteco by Eurocement Group. The FAS approved this acquisition and did not set ...
China Resources Cement Jan-Feb sales up
China Resources Cement Holdings Ltd saw sales of its core cement and concrete products grow in the first two months of this year, but the gross profit margin fell as raw materia...
Portugal and Brazil depress Cimpor’s results
Turnover at Cimpor edged ahead by 0.3 per cent to €1,365.6m in 2004 on a global cement volume 1.9 per cent higher at 18.64Mt. The operating profit at the EBITDA level, however,...
FIs to sell one-third of ACC stake in open offer
With the Holcim open offer for ACC coming to a close on Monday, shares have started trickling in. Domestic institutional investors are set to tender around one-third of their sh...
New management to inject cash into Essa Cement
The new management of Essa Cement in Pakistan has planned to inject fresh funds in the company and name it as Al-Abbas Cement, while the board of directors has also approved 200...
Budindustria launches new packing line
Bakhchysarai-based Budindustria factory, the largest cement producer in the Ukraine Crimea has launched new cement packing lineThe equipment for the packing line is produced by ...
Argentina cement output up
Argentina’s Portland cement output increased 5.7 per cent year-on-year in March 2005, to 564,393t, the association of Portland cement producers said on April 6, 2005. Cem...
Peru’s Cementos Pacasmayo buys US Mica Mines
Peru’s Cementos Pacasmayo SAA said Wednesday its Atlanta-based subsidiary, Zemex Corp., has bought the Kings Mountain, N.C., mica operations of Oglebay Norton Specialty Mi...
LIC to tender its stake in Holcim open offer for ACC
The Life Insurance Corporation (LIC) of India, the largest institutional shareholder in the Associated Cement Companies (ACC) Ltd has decided to tender a five per cent stake in ...
Concrete prices fall in wake of cheaper cement
The Cement & Concrete Association Malaysia (CCAM) confirmed that a price war is under way in the industry, but said cement prices have dropped only in certain areas. Associati...
Improved productivity at Titan
Titan America has reduced energy costs by more than US$120,000 per year and increased finish mill production by five per cent with Pavilion’s advanced process control (APC) ceme...
Is it waste or not?
In Montana, Asarco’s extensive slag pile is regarded as a "toxic substance" while it’s on the property of the East Helena smelter, but the exact same material is tra...
Holcim woos ACC investors
Holcim, has taken an aggressive approach to push through its open offer to the shareholders of the Associated Cements Ltd (ACC). DSP Merrill Lynch, merchant banker to the offer,...
Century Bond targets Vietnam
Century Bond Bhd (CBB) wants to position itself as a leading player in the Vietnamese packaging industry. Deputy managing director Loi Tuan Ee said for a start, the company plan...
China Zhejiang cement prices
The average cement retail price in Zhejiang province, eastern China, in March 2005 was 30 per cent lower compared with January 2004, the Zhejiang Price Supervision Department sa...
Eagle Materials sees higher revenues
Eagle Materials Inc said Tuesday that it expects revenue for fiscal 2005 ended March 31 to be about $590m. In a document filed with the Securities and Exchange Commission, the...
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