Cement News tagged: Corporate
YTL Cement net profit rises, Malaysia
YTL Cement Bhd posted a 19.08% rise in net profit to MYR80.10m (US$26.8m) and a 28.52% gain in
PT Holcim Indonesia sales rise 24%
PT Holcim Indonesia reported a 23.5 per cent increase in YoY net profit to IDR457bn (US$53.5m) in the first half of the year.
Lafarge industry appointments
Lafarge Spain has Raul Perez appointed industrial manager, former director of program optimisation of its
Sabanci sees 13% growth in cement business, Turkey
Turkish conglomerate Sabanci Holding, which has interests in cement, energy and banking, said second
Lafarge Pakistan reduces first-half loss
Lafarge Pakistan Cement posted a loss after tax of PKR17.53m (US$0.2m) in the first half of the current
Saudi Southern Province Cement boosts net profit
Saudi cement producer Southern Province Cement, or SPC, said its net profit for the first six months of 2011
Lafarge Malayan Cement 2Q pre-tax profit rises
Lafarge Malayan Cement Bhd’s pre-tax profit for the second quarter ended June 30, 2011 increased to
Holcim rises on Credit Swiss upgrade
Holcim Ltd rose more than three per cent after analysts lifted their recommendations on the shares.
Egypt’s Sinai Cement 1H net profit falls 27%
Egypt’s Sinai Cement posted a 27 per cent fall in 2011 first-half net profit to EGP269.9m (US$45.1m), the
Bamburi pretax profit rises 22%, Kenya
Bamburi Cement Co, the Kenyan unit of Lafarge, said first-half pretax profit advanced 22 per cent from a year earlier.
Taiwan Cement and Asia Cement first-half rise
Taiwan Cement’s subsidiary in China, said it registered HK$932m (US$119.6m) in earnings in the first
Venezuelan government approves loan for cement plants
Venezuelan President Hugo Chávez has announced that his government has given its approval for a loan of
Cimsa to seek arbitration over GCC’s sale of Soboce stake
Bolivian investment holding Cimsa, the majority shareholder of the Bolivia’s largest cement firm, Soboce,
Asia Cement to meet investors on bond issue plan
Asia Cement (China) Holdings Corp is meeting with investors starting Tuesday on a proposed yuan bond
Citi cuts Holcim price target after weak 1H
Citi cuts Holcim’s price target to CHF48 from CHF60 (EUR42 from EUR52.6), citing market turbulence
China cement sector now more consolidated
Daiwa Securities says that compared with previous downcycles, the China cement industry is now more consolidated