Cement News tagged: Corporate
Saudi Arab Cement profit up
Saudi Arabia’s Arab Cement has reported 2005 net profit of SR333m (US$88.80m), up 8.7 per cent from the last year’s figure which was inflated by a one-off capital gain. The firm’s op
Cost-cutting key as growth momentum slows
The Siam Cement Group, the country’s largest industrial conglomerate, has forecast that the building material industry will be stagnant this year despite the continued growth in sectors such as
ClearWater may buy stake in SCL
Private equity funds like ADM Capital and ClearWater Capital are in talks with the Saurashtra Cement (SCL) management to pick up a minority stake in the company. The board of directors of SCL will mee
Taiheiyo Cement’s interest-bearing debt
Taiheiyo Cement Corp anticipates consolidated interest-bearing liabilities will total 650 billion yen as of March 31, falling 15.9 billion yen on the year. Interest-bearing liabilities at the end
Qassim Cement profit rises
Qassim Cement said yesterday its net profit for 2005 rose 14.6 per cent to SR282 million (US$75.20m). A statement on the stock market website said the figure was provisional.
Leading calcium aluminates producer on the block
Materis, the specialist construction products group created by Lafarge in 2001 to help finance the acquisition of Blue Circle industries, looks likely to change hands for the third time in the less th
Semen Gresik expects Trillion net profit in 2006
Corporate Secretary of Semen Gresik, Agung Wiharto, said that the company was targeting to reach Rp1 trillion of net profit in 2006, or 10-15 per cent higher than 2005
Holcim declines comment on Indian bid talk
Holcim , the world’s second biggest cement maker, has declined comment on market talk that it was eyeing India’s third-largest cement maker Gujarat Ambuja Cements Ltd to expand its operati
Lafarge Malayan Cement buys back 6.16M shares
Lafarge Malayan Cement Bhd said it bought back 6.16 million of its own shares at prices ranging from MYR0.605 to MYR0.62 each
Cibinong now Holcim Indonesia
The country’s third largest cement maker PT Semen Cibinong changed its name to PT Holcim Indonesia on January 1
Lafarge confirms update at Chilanga
Lafarge, the holding company for Chilanga Cement Plc, plans to spend Euro 85m in setting up a new cement line at its Lusaka facilities in Zambia. With a 750,000tpa capacity, the plant is set to be ope
Gujarat Ambuja Cements December production up
Gujarat Ambuja Cements Ltd today reported 3 per cent increase in the cement production at 1.161Mt for the month of December 2005, against 1.129Mt in the year-ago period. The
Ciliberto buys Cementir shares
Mario Ciliberto, a member of the board of directors of Italian cement group Cementir, a unit of local construction company Caltagirone, has acquired Cementir shares for a total Euro
ACC December figures
Associated Cement Companies Ltd. (ACC), has announced the company’s production and despatch figures for the month of December 2005, as follows: cement production: 1.574Mt,
CRH spends some €1370m on acquisitions in 2005
The bulk of CRH’s acquisition activity last year came to fruition in the second half, when 35 deals totalling around €1200m were completed. Including development capital expenditure, total devel
Can Puneet Dalmiya deliver?
Known for his cosmopolitan style, 32 year old Puneet Dalmiya one of the youngest members of the Dalmiya family, is using his energy to scale up the cement and sugar businesses to