Corporate
Cemex move to improve balance sheet
In a further move to reduce the debt on its balance sheet in the wake of the cash acquisition of RMC Group, Cemex has sold assets valued at US$91.6m to its existing joint venture with
Shareholder meeting of Semen Padang cancelled
The plan to conduct shareholders meeting of Semen Padang and Semen Tonasa had been cancelled from the initial schedule of yesterday. The shareholders meeting had not been rescheduled yet.
Dontsement appoints Galant board chairman
Council of shareholders in the Dontsement cement producer (Amvrosiivka, Donetsk region), who are performing the functions of the company’s supervisory board, have appointed Wojciech Galant as bo
China Resources to buy Guangxi Yufeng stake, China
China Resources Cement Holdings Ltd said it has agreed to acquire the remaining 9.1% stake in Guangxi Pingnan China Resources Yufeng Cement Co Ltd that it does not already own for CNY64.62m. China Re
Lafarge India shuffles top deck after entry of new CEO
Lafarge India has embarked on a top-level management reshuffle, close on the heels of Uday Khanna taking over as its new CEO. Shivesh Sinha, the company’s CFO till recently, has been promoted to
Second half looks brighter for Malaysian cement makers
Three of the four listed cement players in the country – Cement Industries of Malaysia Bhd (Cima), Lafarge Malayan Cement Bhd and Tasek Corp Bhd – have posted losses for the quarter ended June 30.
Quinn Group clashes with Siptu
Ireland’s country’s most profitable private company, the Quinn Group, has been ordered to provide employees of its cement division with conditions in line with those demanded by the Siptu union.
Sumitomo Osaka Cement’s financials
Sumitomo Osaka Cement Co is unlikely to meet its 400 million yen operating profit target set for its optoelectronics and advanced materials operations in fiscal 2005, especially in light of the 200 mi
Cement Hranice owner to squeeze out minority shareholders
Dyckerhoff, majority owner of the Czech building materials maker Cement Hranice, plans to squeeze out small shareholders during a Friday general meeting.
Pre-bid meeting for Javedan Cement sale
The Pakistan Privatisation Commission is holding a pre-bid meeting in Islamabad for sale-of 96.34 Javedan Cement Limited (JCL) shares on September 3.
YTL Corp posts strong results
YTL Corp Bhd yesterday reported a 28 per cent increase in net profit, achieved on record revenue for the year ended June 30 2005. Net profit was RM587.1 million versus RM459.7 million recorded last ye
Lucky Cement profit rise
Profit after tax of Lucky Cement, Pakistan rose by 20.5 per cent to Rs 826 million during the year ended June 30, 2005 compared to previous year’s Rs 685 million, according to company’s financial resu
Saudi Cement Co H1 2005 net profit up
Saudi cement producer Saudi Cement Company (SCC) posted a net profit of 248.9 mln Saudi riyals ($66.4m) for the first half of 2005, up 24.4 per cent year-on-year. Gross profit
Cimpor 1H net profit down
Portuguese cement company Cimpor SGPS SA said Friday its consolidated net profit fell 4 per cent in the first half, mainly because of higher fuel costs and financial charges. Cimpor posted net profi
Romanian Lafarge Agregate Betoane
Lafarge Agregate Betoane, a Romanian limestone quarry, said on Monday it swung to 34.8 billion old lei ($1.21m) net loss in the first half of 2005, from a net profit of 12.06 billion in the
CRH 1H Pretax profits soar
CRH reported Tuesday a pretax profit of Euro383m for the six months ended June 30, up 20 per cent from Euro 319 million in the same period a year ago. The result came in above analysts expectations f