Cement News tagged: Corporate
Egypt’s Tora Cement profit down after export ban
Egypt’s Tora Cement posted a 29 percent decline in profit in the nine months to the end of September after Egypt
UAE’s Gulf Cement Q3 profit plunges
Gulf Cement Co , the UAE’s largest cement producer, posted a third-quarter net profit of just AED2.3m ($626,200), down from AED85.3m a year earlier mainly on investment losses.
China’s Jilin Yatai wins approval for stake sale to CRH
Cement firm Jilin Yatai Group Co Ltd said it received approval from the Ministry of Commerce for the sale of a strategic stake to Ireland’s CRH Plc.
SKP Securities’ report on Binani Cement
Binani Cement Ltd (BCL) has shown a revenue growth of 42%
Yanbu Cement owns 25% in new cement firm
Saudi cement producer Yanbu Cement Co owns a 25 per cent stake in cement producer Saudi-UAE
Italcementi 3Q profit drops 30% to EUR66m
Italcementi SpA said third-quarter profit fell 30 percent on the depreciation of its stake in Calcestruzzi SpA.
Lafarge may be next to trim global expansion plans
According to a report by Bloomberg, Lafarge may be the next cement maker to scale back global
Indian cement companies feel input cost heat
Driven by increased costs of power and fuel coupled with high coal prices, cement companies across the country face
Chilean firms post drop in first nine months
Bío Bío, Polpaico and Lafarge - reported a decrease in profits in the first nine months of 2008 compared to the same year-ago period,
Adelaide Brighton Ltd adds 3.1 per cent, rising for a fourth consecutive day
Adelaide Brighton Ltd, Australia’s fifth largest Construction Materials company by market capitalisation, added 7c (or 3.1 per cent) to AUD2.34.
Changes in Board of Management to Dyckerhoff
The Supervisory Board of Dyckerhoff AG has announced the appointment of Dr. Stefan John for three years as
Indocement nine-month net profit up 76%
Indonesia’s second largest cement maker, PT Indocement Tunggal Prakarsa, reported on Friday a 76 per cent
Fitch lowers Cemex issuer default rating to junk
Fitch Ratings reduced its issuer default rating on Cemex SAB to junk status Friday, citing softer-than-expected operating results and higher-than-expected leverage levels due to economic volatility.
Portugal’s Cimpor holds 1.154 per cent of own stock
Cimpor holds 1.154 percent of its owns shares after buying 240,000 shares on Friday, the company said in a statement.
HeidelbergCement declines to comment on takeover rumours
HeidelbergCement has declined to comment on rumours that German entrepreneur Adolf Merckle might carry out a complete takeover of the company.
Saudi Cement Co 9-mo net profit down to USD 130.6m
The net profit of Saudi cement producer, Saudi Cement Company (SCC) dropped to SAR 489.6 million (US$130.6m) for the first nine months of 2008 from SAR517m