New CEO could accelerate emphasis on new product development Operating profit beats forecasts Expects faster sales growth in 2021 than 2020
Feb 19 (Reuters) - Sika named company veteran Thomas Hasler as its next chief executive on Friday, as the Swiss construction chemicals maker beat estimates for annual operating profit and forecast stronger sales growth in 2021, sending its shares up 2.7% premarket.
The 55-year-old Hasler, now head of Sika’s global business and industry division, will replace Paul Schuler who will retire at the end of April and join Sika’s board. Hasler’s appointment, effective May 1, could accelerate Sika’s innovation drive as he was chief technology officer in a previous role overseeing 20 R&D centres.
By Reuters Staff
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FILE PHOTO: Workers are seen at a concrete plant of Mexican cement maker CEMEX in Monterrey, Mexico January 25, 2020. Picture taken January 25, 2020. REUTERS/Daniel Becerril
MEXICO CITY (Reuters) - Mexican cement producer Cemex said on Tuesday it had acquired a concrete business in San Antonio, Texas, as it looks to expand in the United States.
The acquisition of Beck Readymix Concrete Co. LTD includes three ready-mix concrete plants and one portable plant, the company said in a news release.
Cemex did not give the value of the acquisition.
“Cemex is proactively looking for opportunities to grow our operations in the U.S. and adapting to meet the needs of our customers,” said Jaime Muguiro, president of Cemex USA.
Sri Lankan shares ended at more than a month's low on Tuesday, extending losses for a second session, hurt by declines in industrial and financial stocks.