Cement News tagged: Corporate
Tabuk Cement to pay higher dividends
The management board of Saudi cement producer Tabuk Cement Company (TCC) decided on March 5, 2006 to pay a cash dividen
CNBC to opt for IPO
The rapid growth in China’s construction sector as well as the current liquidity and sentiment-driven appetite for Chinese paper are likely to be key themes during the road show for China National Bui
Qatar National Cement approves dividend
Qatar National Cement Company (QNCC) will pay a 50 per cent cash dividend for 2005, the general shareholders’ meeting decided on March 7, 2006. The company already distributed 20 per cent of th
Bío Bío 2005 profits up
Chilean company Cementos Bío Bío saw net profits climb 2.49 per cent to 25.9bn pesos (US$48.6m) last year compared to 2004, while fellow cement group Empresas Melón’s bottom line dipped 1.78 per
Indocement Refinances US$340m debt
PT Indocement Tunggal Prakarsa Tbk will refinance all debt of US$340m through master facilities agreement (MFA) this year. The US$340m debt consisted of the debt from Marubeni (US$44m), Japan Bank fo
Votorantim changes strategy for growth
Cement, aluminium, steel, zinc, nickel, pulp, paper, chemical products, energy and orange juice accounted for more than 90 per cent of the Votorantim group net turnover of almost R$19bn in 2005. Banki
Italcementi 2005 net profit up 16 per cent
Italian cement maker Italcementi’s group net profit rose 16.2 per cent to Euro 540.6m in 2005 as tax benefits and growth in emerging markets offset a price slump in Italy. The company proposed
Capital Group increases stake in Holcim
Holcim Ltd said Wednesday that Capital Group of the US has slightly increased its stake in the Swiss cement maker to 10 per cent from 9.99 per cent previously. The stake translates into 22,997,155 re
Ciments Francais net profits up significantly
Ciments Francais reported on Wednesday a 37 per cent rise in 2005 attributable net profit to 421.6 million Euros helped by booming construction markets and lower financial costs. Ciments Francais, c
Raiffeisenbank opens credit line to Dontsement
Raiffeisenbank (Ukraine), one of the largest banks in Ukraine, has opened UAH 14.14 million credit line to Dontsement company (Amvrosiivka, Donetsk region). The credit is provided for 1 year term. T
CRH gives positive outlook for 2006
CRH posted strong results for 2005 and provided an upbeat outlook for the current year. The group, which earns over half of its profits in the US, said pretax rose 16 per cent to Euro 1.279bn as conti
Lafarge extends cash tender offer
Lafarge, owner of a 53.2per cent majority stake in Lafarge North America Inc, today announced that it has extended the expiration date of its cash tender offer of US$75.00 per share for the 46.8per ce
Shree Cement profit hit by charge
Cement maker Shree Cement expects to report a 72 per cent jump in 2005/06 profits but will miss market expectations by a wide margin because of a depreciation charge of at least Rs 1.3bn rupees (US$29
Bamburi profits up significantly
Bamburi Cement¹s profit before tax has grown by 22.5 per cent to Ksh3.3bn from Ksh2.7b for the year ended December 31, 2005. A statement said the group¹s turnover shot up by 22.5 per cent to close at
Fecto Cement’s last year performance
The turnaround in Fecto Cement Ltds performance in Pakistan was achieved last year. For the year under review, the company achieved even higher result which enabled the company in further improvement
Cement sector profitability up 82 per cent
During the first half of the current financial year the profitability of local Pakistani cement companies maintained its upward track with higher demand, price increment and decline in cost of product