Cement News tagged: Corporate
EAPC boss resigns
The managing director of the East African Portland Cement Company has resigned. Mr Zakayo ole Mapelu stepped down three weeks after he was sent on forced leave. He handed in his resignation letter on
New CEO for Heracles Cement, Greece
Management of Athens-quoted Heracles General Cement Co said on Wednesday that a new managing director was in place.
Bamburi profits soar, Kenya
Bamburi Cement announced its half year group results with a 22 per cent growth in operating profit from Sh1.6bn to Sh1.9bn during the past six months. Turnover for the year rose by 12 per cent to S
Carib Cement second quarter loss
For the second quarter to June 30, 2006, Carib Cement reported a loss of $43.7m which, when added to the first quarter loss of $190.6m that includes $160m for claims relating to non-conforming cement,
Semen Kupang on the brink of bankruptcy, Indonesia
State-owned cement maker PT Semen Kupang in Kupang is on the brink of bankruptcy, a company official said. The company needs Rp50bn (US$5.5m) i
Athi River Mining profits rise to Sh$175m
Athi River Mining’s half-year profits went up by 41 per cent in the six months ending June this year. The company made Sh175.5m, up from Sh124.7m in the same period in 2005. Turnover grew by 25
Hanson’s British volumes decline
Hanson increased first half turnover by 14.4% to £1,998.2m, with the EBITDA advancing by 16.4% to £322.5m and the trading profit by 15.8% to £228.4m, with
Egyptian Torah Cement net profit jumps to $31.4 Mln H1 2006
Egyptian Torah Cement registered a net profit jump to E£180.4m (US$31.4m) in the first half of 2006, from E£70.5m (US$12.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said on
Merger between FLSmidth and Potagua FLS
On 1 August, the Boards of Directors of FLSmidth & Co and Potagua FLS A/S ("Potagua FLS") have made a final decision to carry out a taxable merger between the two companies, FLSmidth & Co. being the c
Argos expects to recover US$700mn US investment in 5-6yrs
Colombia’s dominant cement company Argos expects to recover within five-six years its investments from the three companies it acquired in the US, even though it has already begun to collect prof
Lawrence swings to profit on higher prices
St. Lawrence Cement Group Inc. swung to a second-quarter profit on Tuesday, as a lower Canadian income tax rate and higher selling prices for construction materials helped offset a decline in sales vo
Lafarge H1 net profit jumps 53 pct on strong organic growth
Lafarge said net profit jumped a greater-than-expected 53 per cent to EUR548m in the first half from EUR359m a year earlier, lifted by ’strong organic growth’, especially at its cement act
Mandiri, Holcim sign pact on housing loans
Indonesia’s Bank Mandiri signed a memorandum of understanding Monday with PT Holcim Indonesia, on the extending of loans to Holcim’s partner distributors to encourage them to build low-cost hous
GCC completes private placement
Grupo Cementos de Chihuahua (GCC) a leading cement producer in markets where it competes in Mexico, the United States and Bolivia, today announced the successful completion of a US$250m senior guarant
Qatar National Cement profits down
Qatar National Cement Company (QNCC ) registered a net profit of 88.09 mln Qatari rials (US$24.2m) for the first half of 2006, down from 90.64 mln rials (US$24.9m) in the corresponding period of 2005,
Indocement H1 net profit increases, Indonesia
Indonesia’s No.2 cement maker, PT Indocement Tunggal Prakarsa Tbk, reported on Monday an 11.5 per cent rise in first-half net profit, despite weaker overall industry sales volumes.