Cement News tagged: Corporate
Sino Cement buys Shaanxi Shehui Cement
Sino Cement announced that it completed the acquisition of Shaanxi Shehui Cement Co Ltd as of 21 February 2011.
Far Eastern Group to buy cement suppliers in China expansion
Taiwan’s Far Eastern Group is considering the purchase of up to three cement companies in China as it expands into the retailing, materials and chemicals industries in the world’s second-larges
West China Cement plans CNY3bn expansion
The company is taking advantage of Beijing’s plan to invest and build infrastructure in less-developed western provinces. The central government has imposed limits on national cement production
Thailand: Asia Cement maps out big plans for the future
Asia Cement, the manufacturer of Lotus brand cement, has earmarked THB1.4bn (US$47.7m) this year for its waste-heat recovery (WHR) project and another THB200m for aggressive marketing in a bid to boos
Cimpor: boosted by Brazil
Cimpor increased turnover by 7% in 2010 to €2239.4m, boosted by strong performances in Brazil, Turkey and China, but partially offset by the decline in Spain. The EBITDA advanced at a slower pace, inc
Holcim proposes Alexander Gut to the Board
The Board of Directors proposes to the Annual General Meeting of May 5,
2011 that Alexander Gut,
Holcim: brighter prospects for 2011
Swiss cement major Holcim has reported a fall in 2010 net profit and looks to increase prices to offset rising input costs.
Daiwa cuts West China Cement to underperform
Daiwa downgrades West China Cement to Underperform from Buy, on the back of the announcement that
Votorantim to invest US$3bn in 2011
Brazilian industrial conglomerate Grupo Votorantim plans to invest BRL5bn (US$3bn) in its operations in 2011, the group said Tuesday in a press release.
Cementos Portland profit slumps by 95% YoY in 2010
Spanish cement producer Cementos Portland Valderrivas posted today a EUR1.2m profit for 2010, down by 95% on the year.
Banif sees Cimpor profit down 6% YoY in 2010
Banif estimates Portuguese cement producer Cimpor to have closed 2010 with a 6% YoY decline in net profit to EUR223m (USD 308.6m).
Cementos Molins net profit declines 1.9% in 2010
Spanish cement company Cementos Molins posted a consolidated net profit of EUR 65 million in 2010, down 1.9% YoY.
Cementos Argos net profit rises
Cementos Argos SA, Colombia’s largest cement company, posted a consolidated net profit of COP288.8bn (US$156m) in 2010, a 37.7% increase in peso terms from a year earlier.
TPI Polene announces THB0.15/share dividend
TPI Polene PCL, Thailand’s third largest cement maker by capacity, Monday said it plans to pay a dividend of THB0.15 a share
India Cements December net falls by 38%?
India Cements reported a steep drop in standalone net profit for the quarter ended December 2010
Yamama Cement approves US$0.53/share dividend for 2H10
Saudi cement producer Yamama Cement Company said its general shareholders’ meeting approved yesterday the board’s proposal for a cash dividend