Cement News tagged: Corporate
West China Cement pretax profit rises 57 per cent
West China Cement Ltd. said first-half pretax profit rose 57 per cent to CNY87.7m, while turnover rose 68 per cent to CNY338m due
Cement output at Aditya Birla group cos, ACC dips in Aug
Cement production at the Aditya Birla Group companies – Grasim Industries and UltraTech Cement – was down 8.87 per cent at 2.12Mt in August.
Holcim Raises Stake in Serbian Unit to 99.40%
Holcim said it has raised its stake in its Serbian unit to 99.40% after a takeover offer and will squeeze out the remaining minority shareholder
China cement producers upbeat on growth
Mainland cement companies are bullish about industry growth after reporting strong net profits for the first six months of the year.
Turkey’s Akcansa targets US$715m turnover in 2008
Turkish cement producer Akcansa is targeting revenue of over TRL850m (US$715m) in 2008, the general manager of the company Hakan Gurdal said on Tuesday.
Madras Cements to issue bonus shares, India
Cement manufacturer Madras Cements tosay said it will issue bonus shares to the existing shareholders in the ratio of 1:1 and has decided to opt for stock-split.
China National Building Materials net profit soars
Hong Kong-listed China National Building Material Co, Ltd (CNBM), one of China’s largest building material manufacturers, announced its net profit reached RMB545.6m
Saudi Arabian Cement Co 1H net profit up
Saudi cement producer Arabian Cement Company (ACC) registered a 5.2 per cent YoY increase in net profit to SAR205.6m (US$54.8m) in the first half of 2008.
PPC announces key executive appointments, South Africa
In line with its transformation philosophy and focus on the development and promotion of black talent from within,
Jidong Cement H1 revenue hiked 39.59% annually
Shenzhen-listed Tangshan Jidong Cement Co, Ltd reported CNY 2.232bn revenue for the first half of 2008, surging 39.59% YoY.
Russia’s RTM replaces CEO after stake sale
Russian real estate firm RTM said on Monday it was replacing General Director Eduard Vyrypayev after selling a large stake to new investors.
Portugal Cimpor 1H08 profit seen down 10.7%
Cimpor is seen to post a 10.7 per cent annual drop in the first-half of 2008 net profit to EUR117.6m, estimates of five analysts polled by Reuters and cited by Jornal de Negocios showed on August 25,
Holcim Indonesia seeks loan from IFC
Indonesia’s third largest cement maker PT Holcim Indonesia is seeking a loan from International Finance Corp (IFC) to finance construction of a new cement factory in Tuban, East Java.
Pakistan’s Lucky Cement year net profit up 5.1 per cent
Pakistan’s biggest cement maker, Lucky Cement, posted a better-than-expected 5.1 per cent rise in its full-year net profit on Thursday.
Portuguese Semapa 1H08 profit drops 22 per cent YoY
Portuguese industrial conglomerate Semapa closed the first half of 2008 with a net profit of EUR55.7m (US$82.7m), down 22 per cent YoY,
Adelaide Brighton says looking at Cemex Humex arm
Australian cement producer Adelaide Brighton Ltd Managing Director Mark Chellew said the group would look at the Humes concrete pipes business that Cemex is looking to sell.