Cement News tagged: Corporate
Madras Cements on expansion mode
Madras Cement, India, expects a healthy balance sheet for the year given the surging demand for cement and the increase in prices, according to its Executive Director - Finance, Mr A.V. Dharmakrishnan
Yanbu Cement to pay higher dividends
Saudi cement producer, Yanbu Cement Company (YCC), will pay a cash dividend of 52.5 mln Saudi riyals (US$14m) for the first half of 2006, the company said on August 10, 2006. The dividend equals 0.5 r
JK Lakshmi Cement can give shareholders good returns
Jigar Shah of KR Choksey Securities is of the view that JK Lakshmi Cement can give 40-50% appreciation in a year. Shah told CNBC-TV18, “If one looks at Q1 numbers, cement has been the most impressive
Siam Cement profit to rebound on prices
Siam Cement Plc, 30 percent-owned by the Thai royal family, said profit in the third quarter may rise for the first time in five periods as record petrochemical product margins counter a decline in bu
US Concrete 2Q profit climbs
US Concrete Inc posted a 19 per cent jump in profit, but results missed Wall Street’s forecast, and shares of the cement and concrete maker sank in morning trading.
Spain Bipadosa raises stake in Cimpor, Portugal
Spanish company Bipadosa has raised its stake in Portuguese cement company Cimpor - Cimentos de Poertugal SGPS to 2.326 pct of the share capital, and 2.336 pct of the voting rights, Cimpor informed in
Egyptian National Cement profits down
Egyptian National Cement Company (NCC) registered a decrease in net profit to 256.2m Egyptian pounds (US$44.6m) for the first nine months of the fiscal 2005/2006, ended June 30, 2006, against 308.6m p
Higher returns improve cement sector fortunes
With cement prices climbing higher, the balance sheet of leading Indian cement companies are looking healthier than ever before, reports The business Standard. The cement industry is hoping that the t
Valderrivas confirms Uniland stake
Cementos Portland Valderrivas has now acquired 50.5 per cent of fellow cement group Corporacion Uniland on Friday for Euro 1.092bn. CementosPortland Valderrivas, a subsidiary of construction and servi
Dalmia Cement update
During the most recent quarter, dalmia Cement has witnessed a 369.03 per cent rise in profits from Rs107.20m to Rs502.80m. Sales for the quarter rose 55.37 per cent to Rs2077m compared with the corres
Eurocement Group raises 7M-2006 shipments
Eurocement Group raised cement shipments to customers by 13 per cent year-on-year in 7M2006. The company is operating at over 90 per cent capacity utilisation (77% in 2005). This became possible beca
Gulf Cement debut on August 21
The Doha Securities Market has completed preparations for the listing of Gulf Cement Company. The bourse said shareholders can place their trade orders before the debut date of August 21. "All informa
Hallack named principal executive Camargo Correa
Vitor Sarquis Hallack has been selected by the shareholders of Camargo Correa group as head of the management of the operating holding Camargo Correa, replacing Raphael Nogueira, which is leaving this
Cement gets a reality check from private equity investors
One of the biggest beneficiaries of the present real estate boom in India seems to be the cement sector. This has led to a huge interest from private equity players in the sector.
Sanko receives credit line from IFC
Abdulkadir Konukoglu, board chairman of the Turkish Sanko Holding, announced that the company secured US$75m loan from the IFC and US$100m syndicated loan from a consortium of seven foreign banks for
Sibirskiy Cement raises cement production in 1H2006
Sibirskiy Cement Holding (Kemerovo) raised production of cement by 25 per cent in the first half of 2006 against the same period 2005 - to 1,757,000t. Topkinskiy Cement raised output by 32.7 per cent,