Cement News tagged: Corporate

Iskitimcement plans to raise retail sales of cement

21 January 2005, Published under Cement News

Iskitimcement plans to raise retail sales of cement. On January 19, 2005 the company put into operation Mullers cement packing line of 300tpd capacity and seeks to double sales of cement in 10-50 kg b

Saudi Tabuk Cement posts higher profits

21 January 2005, Published under Cement News

Saudi cement producer Tabuk Cement Company (TCC) has posted a net profit of 128.6 mln Saudi riyals ($34.3m) for 2004, up from 75.7 mln riyals ($20.2m) for 2003, according to the company’s board

Shree Cement net zooms

21 January 2005, Published under Cement News

Shree Cement Ltd has recorded a 111 per cent jump in its net profit for the nine months ended December 31, 2004 over the corresponding period in 2003-04. The company posted a profit of Rs 59.42 crore,

ACC net up 137.8 per cent

21 January 2005, Published under Cement News

Associated Cement Companies Ltd (ACC) India has recorded a 137.8 per cent increase in net profit at Rs 53 crore for the third quarter ended December 31, 2004 as compared to Rs 22.32 crore for the same

Salonit Acquires Kema Puconci

Salonit Acquires Kema Puconci

21 January 2005, Published under Cement News

Cement manufacturer Salonit Anhovo has acquired a 84.78 per cent stake in its counterpart Kema Puconci in a friendly takeover bid that expired on 17 January. Salonit had already owned 24.97 percen

Maltsovsky Portlandcement production higher

21 January 2005, Published under Cement News

Maltsovsky Portlandcement produced 3.6Mt of cement in 2004, up two per cent from the figure posted in 2003.

Holcim confirms Aggregate Industries takeover bid

Holcim confirms Aggregate Industries takeover bid

20 January 2005, Published under Cement News

The Boards of Holcim and Aggregate Industries are pleased to announce that they have reached unanimous agreement on the terms of a recommended cash offer to be made by Holcim to acquire the entire ord

Gujarat Ambuja Q2 net jumps 50 per cent

20 January 2005, Published under Cement News

Gujarat Amuja Cements Ltd, India’s third-biggest cement maker by capacity, reported on Thursday a 50 per cent jump in quarterly earnings, buoyed by strong shipments and firm prices. Gujarat Am

Cemex Colombia net sales rise

20 January 2005, Published under Cement News

Cemex Colombia, the Colombian subsidiary of Mexican cement maker Cementos Mexicanos (Cemex), the third largest cement maker worldwide, posted net sales of US$263m, up 21 per cent year-on-year, it was

Portugal Madeira to sell stake in Cimentos Madeira

20 January 2005, Published under Cement News

The Regional Government of Portugal’s autonomous region of Madeira Island plans to sell its entire 8.0 per cent stake in the regional cement company Cimentos Madeira in 2005, it was reported on

Atlas searches for investor

19 January 2005, Published under Cement News

Atlas, leader in the domestic market for construction chemicals, continues its search for funding for its own cement factory. The task is a difficult one, considering the currently unfavorable market

India Cements to explore steps to reduce debt costs

19 January 2005, Published under Cement News

INDIA Cements Ltd will continue to look at steps to infuse fresh money into the company to reduce the cost of debt and to bring down the number of lenders, according to Mr N. Srinivasan, Vice-Chairman

Lafarge buys out minority shareholders

18 January 2005, Published under Cement News

Lafarge said Tuesday it paid US$141m to buy out minority holdings retained by the State of Wisconsin Investment Board in its businesses in South Korea, India and Japan. In a statement, Paris-based La

Cemex net profit more than triples

18 January 2005, Published under Cement News

Cemex said on Tuesday its net profit for October-December was US$334m, up from US$91m in the same period a year earlier, also boosted by foreign exchange gains versus a currency loss in the fourth qua

Inteko Pushka increases output

18 January 2005, Published under Cement News

In October-December, Kramatorsk-based cement plant Pushka (Donetsk region) increased its production volume in comparative prices by 12.2 per cent or UAH 2.063m up to UAH 19.01m from the same period in

Foreign shareholding up in cement sector

18 January 2005, Published under Cement News

Foreign shareholding in Indian cement companies have gone up during the last quarter, indicating strong overseas investors’ confidence in Indian infrastructure sector as a whole and cement indus