Cement News tagged: Corporate
ICICI in equity pact with Andhra Cement
THE GP Goenka Group-promoted Andhra Cements (ACL) on Monday said ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the company. ICICI Bank has picked up six per cent in Andhra Cement fo
Lafarge raises purchase price
Sichuan Shuangma Cement Co Ltd said the Chinese unit of Lafarge SA has agreed to increase its offer to acquire 100 per cent of its parent, Shuangma Investment Group, to Yuan 339m from Yuan 304.84m (US
China Resources last trading set July 13
China Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the main board following
Thailand’s cement sector
Domestic cement sales volume has dropped gradually since 1Q05 while YoY growth rate encroached on negative territory in 4Q05. With the gloomy economic outlook, any improvement in YoY growth is not for
Arabian Cement to pay cash dividend
Saudi cement producer, Arabian Cement Company (ACC) will pay a 12 per cent cash dividend for the first half of 2006, the company said on June 15, 2006. The total dividend to be distributed among shar
Baltsem increases cement production
In May 2006, the Baltsem plant (Balakliya, Kharkiv region), majority-owned by the Russian Eurocement Group, increased cement production by 69.6 per cent or 113,000t, compared to May 2005, to 275,400t.
Siam Cement shifts focus to consumer
Siam Cement Group (SCG) has signalled a departure from its previous marketing campaigns, opting for a new 100 million baht (US$2.6m) promotion targeting the end-consumer.
Shree Cement wins award
Rajasthan-based company, Shree Cement Ltd, is among this year’s recipients of the Golden Peacock Environment Management Award (GPEMA) 2006. The awards, instituted by the World Environment
CR minorities take short-term view
Minority shareholders in China Resources Cement, whose profit slumped 85 percent last year, have voted overwhelmingly to accept a HK$428 million privatisation offer by the Hong Kong-listed company&rsq
China Resources Cement shares suspended
Trading in shares of China Resources Cement Holdings Ltd. was suspended on Thursday, the Hong Kong exchange said. No further details were immediately available. Shares of China Resc Cement ended at H
Gujarat Sidhee Cement swings to profit
Gujarat Sidhee Cement earned a profit of Rs. 34.03 million compared with a loss of Rs. 86.39 million in corresponding quarter of 2004-05. Sales for the quarter rose 31.34 per cent to Rs. 889.97 mill
India Cements FY06 net soars
Buoyed by higher demand and better prices, India Cements Ltd (ICL) has reported a sharp growth in net profit at Rs 45.31 crore for the fiscal ended March 31, 2006 compared to Rs 4.58 crore in the prev
Cimsa not to participate in capital increase
Cimsa Cimento Sanayi, Turkey, said that it decided not to participate in the capital increase of its subsidiary Enerjisa Enerji Uretim. Recently other Sabanci Holding group companies, namely Akcansa,
S K Birla group may exit cement business
After hiving off Saurashtra Chemicals Ltd last year, the S K Birla group might sell its stakeholding in loss-making Mysore Cements Ltd.
Dalmia Cement net rises
Dalmia Cement (Bharat) India has reported a phenomenal jump in net profits for the quarter ending in March, 2006. During the quarter, the company saw a 342.03 per cent rise in profits from Rs 121.1 mi
Tongyang Major sells stake in subsidiary
Tongyang Major Corp., a flagship company of the long-established cement manufacturer Tongyang Group, said Monday it has sold a stake in its subsidiary to a US-based investment fund for 225bn won (US$2