Cement News tagged: Corporate
Saudi Yamama Cement Owns 5% in Hail Cement
Saudi cement producer Yamama Cement Company (YCC) said on August 5, 2008 it owns a five per cent stake in local cement producer Hail Cement, which is currently under establishment.
Siam City Cement 2Q net drops
Siam City Cement, Thailand’s second largest cement producer by sales, Thursday reported a 19% drop in second quarter earnings on lower sales.
Semen Gresik seeks IDR5 trillion loan
PT Semen Gresik Tbk seeks IDR5 trillion loan to fund the acquisition of cement company, transportation and cement paper pack company so as to support the company core business.
Vassiliko Cement profits decline in first half
Cyprus’ Vassiliko Cement Works Public Co Ltd (VCW) reported a decline in profitability during the first half of 2008 compared to a year ago with net profit declining
Vulcan announces second quarter results
Vulcan Materials Company today announced second quarter net sales of $966m, as compared to $808m in the second quarter of 2007.
Saudi Qassim Cement net profit up to US$83.2m
Saudi cement producer Qassim Cement Co (QCC) saw its net profit go up 31 pct year-on-year to SAR312.2m (US$83.2m) in the first half of 2008, it was reported on August 4.
Eagle’s first quarter profits contract by 80%
Eagle Materials saw its turnover fall by 20.1% to US$171.8m in its first quarter to the end of June,
UAE Gulf Cement 1H08 net profit down
UAE cement maker Gulf Cement registered a decline in its net profit to AED200.1m (US$54.5m) in the first half of 2008 from AED253.9m (US$69.1m) a year ago, it was reported on July 30.
Jordan Valley AR reorganises as Xenemetrix, US
On the 15th of June 2008, Jordan Valley Semiconductors Ltd, divested their Analytical Division which was then purchased by Xenemetrix Ltd,
UAE: Union Cement Q2 down on input, fuel costs
Union Cement Co posted a 60.2 per cent drop in net profit in the second quarter on high raw material and fuel costs, as well as a sharp decline in income from investments in shares.
Binani Cement plans international arm
Binani Cement, the Braj Binani-backed cement manufacturer, will set up an international subsidiary for its overseas operations and may list it at the London Stock Exchange’s Alternative Investme
Kuwait Cement Co US$139m net profit
Kuwaiti cement producer Kuwait Cement Company registered a decline in its net profit to KWD37.1m (US$139.6m)
Oman Cement Q2 profit falls 13 per cent
Oman Cement Co posted a 13.1 per cent drop in second-quarter profit to OMR3.57m (US$9.28m), missing two analysts’ forecasts.
JK Lakshmi Cement Q1 net falls 43.49%
JK Lakshmi Cement disclosed a substantial drop in standalone net profit for the quarter ended June 2008.
Shanshui Cement raises additional US$273m
China Shanshui Cement announces that it raises an additional $273m as its over-allotment option has been fully exercised in respect of an aggregate of 97.626m shares at $2.8 per share.
Athi River Mining to create five subsidiaries, Kenya
Athi River Mining, will transform its five divisions into wholly-owned subsidiary companies, as part of a drive to boost competitiveness.