Cement News tagged: Corporate
World Bank Supports urban service delivery in Karnataka
The World Bank has just approved a US$216m loan to finance the delivery of urban services in the state of Karnataka, India, through enhancing urban infrastructure, and improving the institutional and
EBRD to approve $10m credit for Garadagh
A US$10m credit for the second stage of reconstruction of Garadagh Cement, Azerbaijan, will be approved by the Council of Directors of the European Bank for Reconstruction and Development (EBRD) on 26
Chia Hsin earnings plunge
Chia Hsin Cement Greater China Holding is boosting its export business after earnings plunged 99.2 per cent last year. The Taiwanese-run cement manufacturer yesterday reported that net profit fell to
Torah Portland Cement’s net profit up fivefold
Egypt’s Torah Portland Cement made a net profit of 763 million Egyptian pounds (US$133m) in 2005, five times more than in 2004, the company said in results published on Tuesday. Net profits in
CRH abandons bid to sit on Uniland board
CRH, the Irish construction materials group, gave up its bid to secure three seats on the board of Spanish cement company Corporacion Uniland yesterday, claiming that it did not wish to collaborate wi
Saudi Qassim Cement books US$75.1m profits
Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 281.5 mln Saudi riyals (US$75.1m) for 2005, up from 246.6 mln riyals (US$65.6m) a year ago. QCC’s total assets stood at
Lafarge manoeuvres may prove costly
Lafarge SA will have to pay at least US$85 per share if it is serious about acquiring the rest of its North American subsidiary Lafarge North America Inc. (LNA), say sources. A week ago, LNA asked it
Kashash Cement: board of directors selected
According to “Tehran Times”, the board of directors of Khash Cement Company have been selected in a meeting at the Venus Hotel. Representatives from Fars & Khuzestan Cement Co., Oil Pension Fund, Bojn
Saudi Yamama Cement posts higher profits
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 500.9 mln Saudi riyals (US$133.6m) for 2005, down from 542.2 mln riyals (US$144.6m) for 2004. The 2004 profit included
WAPCO to pay dividends
Ahead of its upcoming annual general meeting, West African Portland Cement PLC, a subsidiary of Lafarge SA Group, says it will pay about N900 million dividends to shareholders for the last financial
Vicat 2005 profits climb, France
French building materials group Vicat SA posted a EUR 232m consolidated net profit for 2005, an upsurge of 28.7 per cent YoY.
Actis to buy stake in Dalmia Cements
Private equity fund Actis is set to acquire an 11 per cent stake in India’s Dalmia Cements (Bharat) Ltd for US$25m, the Business Stand
Italcementi to invest in its Bulgarian plants
Italcementi, plans to invest EUR 10m in its two plants in Bulgaria in the next five years to expand its production range of dry building mixtures and intro
Argos agrees to buy US Concrete Co
Cementos Argos SA, Colombia’s biggest cement maker, agreed to buy RMCC Group Inc, a US ready-mixed concrete supplier, for US$435m, RMCC’s controlling shareholder said Friday in a statemen
Plan to revive CCI
The Indian government has cleared the proposal for reviving three public sector units, including Cement Corporation of India (CCI). For reviving the CCI the government will waive Rs 886.22 crore of in
New Board for Eastern Province
Saudi cement producer Eastern Province Cement Company (EPC) has elected a new board of directors with a three-year term starting from January 29, 2006.