Cement News tagged: Corporate
Hanson takeover speculation?
Hanson could be the takeover target the City forgot. Shares of the construction materials maker have slowly but surely climbed to a five-year high of 686p, up a further 3p yesterday, on persistent buy
History repeats say Indian financials
How seriously can one take Indian corporate houses when they talk of corporate governance? In 1999, Gujarat Ambuja Cement Ltd (GACL), a well-run, bluechip company blotted its copy book with a two-stag
No merger plans as of now: BK Birla
The Chairman of Century Textiles and Industries, B.K. Birla, says the group is not looking at merging any BK Birla and AV Birla business as of now. He says the group may look at the possibility of a m
Jordan Cement Company 2005 net profit up 28.7 per cent
Jordan Cement Company , Jordan’s only cement firm, reported net profits of JOD67m ($94.5m) in 2005 on Thursday, up 28.7 per cent from the previous year.
UAE Umm Al-Qaiwain cement industries net profit
The net profit of UAE cement manufacturer Umm al-Qaiwain Cement Industries Company jumped to AED172.5m (US$47m) in 2005 from AED85.9m (US$23.4m) in 2004, the company said.
Boral: profits down sales up
Boral of Australia reported a nine per cent decline in six-month net profit, but said it remains focused on expanding its US operations as earnings from its key domestic markets continue to struggle
Lafarge N America to review offer
Lafarge North America Inc.’s board has appointed a special committee to review the proposed tender offer by majority shareholder Lafarge SA. The committee members are unaffiliated with Lafarge S
Lafarge facing US lawsuit
French building materials group Lafarge SA is facing a class action lawsuit in the US from minority shareholders of its Lafarge North America business alleging the price the group is offering to buy t
Ukrsotsbank opens UAH 10m credit line to Podilskyi Tsement
Ukrsotsbank ranking among top ten Ukrainian banks has opened UAH 10m credit line to the Podilskyi Tsement cement company (Kamianets-Podilskyi, Khmelnytskyi region), which is one of the three largest p
Aggregates acquires two concrete operations
Aggregate Industries has bought two small companies, acquiring Sitebatch and Roller Compacted Concrete, both based in Bourne, Lincolnshire, for an undisclosed sum. The two firms, which together employ
CEEM raises stake in Bosnian TCK
The Netherlands-based asset manager Central & Eastern European Markets Asset Management AG (CEEM) has increased its stake in Bosnian cement producer Tvornica Cementa Kakanj (TCK), majority owned by Ge
Gulf Cement 2005 profit increase
UAE cement maker Gulf Cement Company registered a 269 per cent year-on-year increase in net profit in 2005 to 502.5 mln UAE dirhams ($136.8m) the company said on February 5, 2006. According to the co
Ciments Francais turnover up
Ciments Francais, a unit of Italian cement group Italcementi, generated a turnover of Euro 3.595bn in 2005, up 17.5 per cent year-on-year, the company said in a statement on February 3, 2006. The com
Saudi Eastern Province Cement Q3
Saudi cement producer Eastern Province Cement Company (EPC) posted a net profit of 74.6 mln Saudi riyals ($19.9m) in the third quarter of 2005, up from 62.8 mln riyals ($16.7m) in the year ago period.
Lafarge bids for remainder of Lafarge North America
Lafarge said it is launching an offer for the 46.8 per cent of shares held by minority shareholders in its Lafarge North America unit.
HeidelbergCement downgraded to ’sell’
Shares in HeidelbergCement AG have been downgraded to ’sell’ from ’reduce’ at Dresdner Kleinwort Wasserstein following a strong share price performance, dealers said.