Cement News tagged: Corporate
Jaypee acquires UP Cement’s assets
Jaypee Associates have acquired the assets of UP State Cement Corporation in a hotly-contested bid. The acquisition of the 2Mt capacity units will cost the Gaurs Rs 459 crore (US$100m). Besides the Ja
UAE Ras al-Khaimah Cement net profit rises
UAE cement producer Ras al-Khaimah Cement Company achieved a net profit of 119.7 mln UAE dirhams ($32.6m) in 2005, up from 96.9 mln dirhams ($26.4m) in 2005, the company said on January 29, 2006. The
Steppe Cement Limited - Director/PDMR Shareholding
Steppe Cement Ltd Acquisition of Shares by a Director. John Richardson, who is a director of Steppe Cement Ltd has acquired a total of 500,000 fully paid ordinary shares in the Company at a price of U
The Cemex 2005 final numbers
Cemex increased its 2005 turnover by 88.0 per cent to US$15,3201.0m and the EBITDA for the year rose by 40.1 per cent to US$3,557.1m. The trading profit improved by 34.3 per cent to US$2,486.7m, whic
Lafarge upgraded to ’hold’ at SG Securities
Shares in Lafarge SA have been upgraded to ’hold’ from ’sell’ at SG Securities, with an increased fair value target of Euro 89 from Euro 63, dealers said. SG said Groupe Bruxel
Orascom announces intention to raise capital
Orascom Construction Industries announced that following an Extraordinary General Meeting (EGM) convened last Wednesday to successfully approve the increase of OCI’s authorized capital from EGP
Saudi Cement Net Profit Up 10.7%
Saudi Cement, the country’s third largest cement firm, yesterday posted a net profit of SR484.3 million (US$129m), up 10.7 per cent from the previous year. Net profit in 2004 reached SR437.5
Hanson expands US concrete activities
Hanson has acquired PaverModule, a leading producer of concrete paving in Florida, with five plants and a staff of 170, two in Fort Myers, two in Pompano Beach and one production site in
Holcim substantially increases Indian exposure
Holcim is further consolidating its relationship with Gujarat Ambuja Cements Ltd., the third largest Indian cement producer by acquiring
GBL acquires stake in Lafarge
Belgian holding company Groupe Bruxelles Lambert SA has amassed a 6.5 per cent stake in France’s Lafarge SA over several months after it decided the cement giant was undervalued,
Lucky Cement first half earnings up
Lucky Cement after tax profits have increased by 111.8 per cent in the first six months of the current financial year on the back of higher turnover and gross profit compared with
Ciments Francais higher as Exane raises target
Shares in Ciments Francais rose as Exane BNP Paribas increased its target price on the cement company to Euro 125 and reiterated an ’Outperform’ rating, dealers said. The new target reflec
Exane ups Lafarge to "outperform"
Exane BNP Paribas on Thursday raised its rating for Lafarge , the world’s biggest cement maker, to "outperform" from "neutral", citing savings from an expected restructuring among other factors.
Credit Suisse cuts Semapa voting rights
Credit Suisse International reduced its holding in cement and paper maker Semapa SGPS to 23,095,800 shares, equal to 19.52 per cent of capital and 19.98 per cent of voting rights, through the sale of
UAE National Cement Co profits rise
UAE Dubai-based National Cement Company reported a net profit of 249.8 mln UAE dirhams (US$68m) in 2005, up from 113 mln dirhams ($30.8m) in 2004, it was reported on January 25, 2006. National Cement
Peru’s Cementos Lima 4Q
Rising cement sales helped lift Cementos Lima SA’s fourth-quarter net income to 32.8 million soles (US$9.8m) compared with PEN22.8 million (US$6.8m) in the same quarter in the previous year. Cem