Cement News tagged: Corporate
Jurong Cement share premium overstated
An incorrect accounting treatment made in the 1997/1998 accounts has resulted in an overstatement of Sin$13.35 million in Jurong Cement’s share premium in associated companies. Calling it &rsquo
Arabian Cement Co sells shares
Saudi cement producer Arabian Cement Company (ACC) has sold parts of its stakes in several local joint-stock companies, which has resulted in a profit of 72,149,160 Saudi riyals ($19.2m), it was repor
Lafarge expects annual turnover increase
Lafarge expects to generate an annual turnover increase between 8.0 pct and 10 pct in middle term, the company’s managing director Bernard Kasriel said at the general shareholders’ meetin
BHA bought by GE
General Electric Co’s GE Energy division agreed to acquire BHA Group Holdings Inc., a provider of air-quality control products, for about $260 million. The $38-a-share acquisition is designed to
RMC share disposal
RMC has announced that on 31 May 2004 it completed the sale of 28.9m shares in Adelaide Brighton Limited ("ABL"), representing 5.3% of the issued share capital of ABL, for which it will receive a cash
Alfa Cement to pay no dividend
Moscow: Alfa Cement AGM decided May 27 not to pay 2003 dividend, allocating 29.961 mln rbl as the previous years profit to cover 89.8% of 2003 loss, the company said. KPMG was approved as an auditor.
UAE prices boost shares
Abu Dhabi: A surge in cement prices in the UAE sharply boosted the shares of cement firms and allied companies with increases in other share prices to lift the market to a record level. Turnover in Ma
Chinese cement loans
China’s banking watchdog said it will review all loans offered or loan commitments to fixed asset projects either under construction or still on paper in an effort to curb blind investment and
Green light for CRH cement deal
CRH has received clearance from Brussels for its 372m euro tie up with the Portuguese cement maker Semapa. The deal will see the Irish firm operating three integrated cement units in a joint venture w
Kan to succeed Chumpol?
With company president Chumpol Na Lamliang expected to step down next year, young bloods are taking the helm at Siam Cement Group, one of Thailand’s oldest and biggest industrial conglomerates,
Rinker’s Earnings Get a Lift From US
Annual earnings for the Rinker Group Ltd’s annual earnings rose 12%, underpinned by the Australian construction-materials company’s extensive operations in the US and a better-than-expecte
TPI Polene Creditors approve debt buyback
Creditors of TPI Polene PCL have agreed in principle to let the Thai cement maker buy back as much as $110 million in debt, a TPI Polene executive and one of its creditors said. "Creditors have agree
Melón posts ripe Q1 profits
Chilean cement company Empresas Melón posted an 8.37bn-peso (US$13.4mn) consolidated net profit in the first quarter, up 17.6% from 1Q03, the company said in a statement to the country’s securit
Heracles pretax profit up 137 per cent
Greek cement producer Heracles said on Monday its first-quarter group pretax profit rose 137 percent to 14 million euros, thanks to better weather than last year and rising profit margins in Greece.
Colombian group Argos leads profit ranking
In the first quarter this year, Colombian cement group Argos consolidated its position as one of the most solid organizations in the country and with the highest profit volume. Three companies of the
PPC result comment
Pretoria Portland Cement has set the tone for the upcoming reporting season with strong interim and full year results. PPC was largely driven by improved infrastructural development as well as an inc