Cement News tagged: Corporate
Increasing demand leads to higher dividend payouts, East Africa
Nairobi Securities Exchange listed cement makers Bamburi Cement and Athi River Mining are expected to realise higher cash return from their operations in the next three years
Athi River nine-months hit by forex losses, Kenya
Kenyan cement maker Athi River Mining suffered a 61 per cent drop in pretax profit to KES296.90m (US$3m) in the nine months ended September
Dyckerhoff performs strongly in Eastern Europe
The Buzzi Unicem subsidiary Dyckerhoff’s turnover for the first nine months increased by 14.2% to €1217m, with turnover in western Europe being ahead by 15.3%
Siam City Cement says floods to affect fourth quarter earnings
Siam City Cement Plc (SCCC) says its fourth-quarter financial performance could be poor as severe floods have lowered cement demand
Citi cuts Thai Siam Cement target price
Citigroup has cut its target price for Thailand’s Siam Cement Pcl (SCC) to THB375 from THB417 but still recommends it as a "buy".
Saudi Tabuk Cement boosts net profit
Saudi cement producer Tabuk Cement Company, or TCC, said its net profit for January-September 2011 rose 9.4% YoY to SAR108.9m (US$29m).
Ian Gallienne takes up role of Lafarge director
The Board of directors of Lafarge has announced Ian Gallienne will assume the role of director of Lafarge.
Vicat performs strongly in Turkey and India
Vicat’s first half turnover rose by 16.4% to €1,146.2m, which represents a 10.7% increase on a comparative basis
Citigroup keeps ACC at sell, India
Citigroup keeps ACC at Sell with a INR996 price target, based on EV/ton, after the company pos
Lafarge closes sale of gypsum assets to Etex Group
Lafarge announced that the Group received €850m with the closing of the sale of its European and South American Gypsum assets to
Boral’s first-half profit expected to remain slow
Boral’s first-half profit is expected to be close to that of the second half and under the same period last year due to flat or slowing building markets in the United States and Australia.
Lafarge 3Q net profit falls, launches 2012 cost-reduction plan
Lafarge SA Friday announced a EUR500m cost-reduction plan for next year after third quarter net profit fell despite an increase of sales revenue.
Banca IMI cuts Italcementi rating on weak Egyptian business
Brokerage Banca IMI cut today the rating on Italy’s cement maker Italcementi SpA to "hold" from "buy" to reflect lowered earnings forecasts due
India’s Aditya Birla mulls bid for coal venture-sources
India’s diversified Aditya Birla Group is considering bidding for Australia’s New Hope Corp, a US$5bn coal miner
Dangote Cement profit up 23 per cent, Nigeria
Dangote Cement posted a 23 per cent increase in nine-month profit as cement sales rose.
GCC posts US$9.7m loss in 3Q, Mexico
Mexicos’ Grupo Cementos de Chihuahua (GCC) posted a loss of MXP131m (US$9.7m) in the third quarter of this year,