Cement News tagged: Corporate
Holcim increases stake in Ambuja; delisting possible
Holcim Ltd (Switzerland) has increased its stake in Ambuja Cements to 50.0% by buying
Semen Gresik 1Q11 profits rise 9% YoY
Indonesian cement producer Semen Gresik said its first quarter net profit rose 9% to IDR884bn ($103m)
Indonesia: Nomura bullish on cement
Nomura has initiated its coverage of the Indonesian cement sector with Buy ratings on Semen Gresik and
HeidelbergCement India net profit falls 35%
HeidelbergCement India has announced the financial results for the quarter ended March 31, 2011. The
Cemex sales increase highlights market improvement
Cemex has reported mixed first quarter results. Sales beat expectations but the net income amounted to a
Texas Industries: new appointments
Texas Industries Inc said it appointed Jamie Rogers as Vice President and Chief Operating Officer and he would report to Mel Brekhus, President and Chief Executive Officer.
Thai cement stocks set for gains?
Thai stocks may see some short-term gains as investors selectively buy shares during the reporting season but quick profit-taking could limit any strong rise, analysts said.
Orient’s Cement Division performing well
Indian conglomerate Orient Paper &Industries saw net profits climb toRs 775 million (+41% yoy) led by higher cement prices & other income. Revenues at Rs 6.96 billion (+27%), Cement (+22%)
Saint Gobain starts year well
Saint Gobain’s first quarter volumes were ahead by 7.6%, having fallen by 1.7% in the same period last year, while prices improved by an average 2.0%.
Dangote Group may list consolidated arm in November
Should the bid to consolidate its cement production subsidiaries continue as planned, Dangote Group will list the emergent company (Dangote Cement Plc) on the Nigerian Stock Exchange (NSE)
Asia Cement net profit surges
Asia Cement announced that net profit surged 274% YoY to CNY253m (US$40m) revenue rose 74% to CNY1.65bn.
Regulator directs bourses to list MI Cement, Bangladesh
The stock market regulator yesterday directed twin bourses to list MI Cement Factory Ltd on their trading boards
ACC net profit down on high input costs
Escalating input costs saw ACC report a drop of 11 per cent in its consolidated net profit for the first
Thai Siam Cement 1Q group net up 34%
Siam Cement Pcl (SCC), Thailand’s biggest industrial conglomerate, posted a 34 per cent rise in quarterly
Japanese cement firms seen moving into black in FY10
Taiheiyo Cement Corp and Sumitomo Osaka Cement Coo are expected to report group net profits for the year ended 31 March 2011, overcoming year-earlier losses by streamlining domestic operations.
Cimpor announces dividend
Portuguese cement major Cimpor says it will distribute the gross dividend of EUR0.20 per share from Ma