Cement News tagged: Corporate
Yamama Cement expects 19% profit rise, Saudi Arabia
Saudi Arabia’s Yamama Cement estimated fourth quarter profits would be 19 per cent higher on Tuesday,
Profits fall at Qatar National Cement
Net profits for Qatar National Cement in the first half of 2011 to June 30 fell by 16.56 per cent to
UAE: UAQ Cement records half-year loss
Umm Al-Qaiwain Cement Industries, which operates one grinding plant in the UAE and is listed on the Kuwait Stock Exchange, reported a loss of
Yanbu restarts units, says needs fuel for new line
Saudi cement maker Yanbu Cement Co has restarted three of its four production lines nearly two months after a fuel shortage forced the company to halt operations, resulting in a loss of around SAR14.2
Gorazdze breaks cement production record
Gorazdze will produce over 4.3Mt of cement in 2011, the best result in history, said Gorazdze Cement Deputy Head Wieslaw Adamczyk.
Saudi Eastern Province Cement profits remain level
Saudi cement producer, Eastern Province Cement Company (EPC), recorded a net profit of SAR 258m (USD68.8m) for the nine months up to
EAPC cuts dividend payout to finance growth, Kenya
Kenya’s East African Portland Cement (EAPC) will slash its dividend payout in future to boost its cash
Southern Province Cement 2011 profit estimates
Southern Province Cement (SPC) posted an estimated net profit of SAR244m for 4Q11 compared to
Shree Digvijay appoints Managing Director
Indian cement producer, Shree Digvijay Cement Co, has appointed Suman Mukherjee as
CRH upgraded by Deutsche Bank
CRH was upgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “buy” rating in
Deutsche Bank raises Holcim share target
Deutsche Bank today lifted the share price target on Holcim to CHF50 from CHF48 and maintained its "hold" recommendation.
China property curbs hurts demand
Chinese cement stocks are lower on falling cement prices as property tightening measures weigh on sales volume and prices of homes in China
China Tianrui raises US$124m in Hong Kong IPO
China Tianrui Group Cement Co, in which US private equity company Kohlberg Kravis Roberts & Co has a
EAPCC to cut red tape in its operations, Kenya
A move by the National Social Security Fund to divest from East African Portland Cement will reduce the red tape associated with State firms, the cement producer has said.
PPC acquires stake in Habesha Cement, Ethiopia
South Africa’s Pretoria Portland Cement Company (PPC) has become the largest shareholder in Habesha Cement (HC)
Asia Cement, Holcim Philippines rise on reconstruction efforts
Holcim Philippines Inc, the nation’s biggest producer of cement, advanced 5.8 per cent to PHP8.78, set for