Cement News tagged: Corporate

MoF to guarantee French loans

15 August 2005, Published under Cement News

The Vietnameses Ministry of Finance has been approved by the Prime Minister to sign a guarantee letter with France’s BNP Paribas Bank for a loan to finance the Thai Nguyen

Binani Industries to divest cement stake

15 August 2005, Published under Cement News

Binani Cement, a wholly owned subsidiary of Binani Industries, India, is likely to place around 25 per cent equity stake with private equity investors. "A few investors have shown interest in picking

TPI cancels plan to sell TPIPL shares

15 August 2005, Published under Cement News

TPI informed the Thai Stock Exchange that it had cancelled the plan to sell its 31 per cent stake in TPI Polene (TPIPL) via e-auction due to the lack of bidders for the shares. TPI’s Plan Admini

Lafarge to double spending in China

12 August 2005, Published under Cement News

Lafarge, the world’s biggest cement producer, is planning to double its investments in China to about US$800m over the "next couple of years", reflecting its determination to participate in fort

Probe launched over Boston’s "Big Dig"

Probe launched over Boston’s "Big Dig"

12 August 2005, Published under Cement News

US prosecutors have launched a probe into a firm accused of using sub-standard concrete in one of the biggest public works project in US history, Boston’s $14.6 billion "Big Dig," which has been

Interest in Javedan Cement

11 August 2005, Published under Cement News

The Pakistan Privatisation Commission has received 43 expressions of interest (EoIs) for 96.34 percent shares of Javedan Cement Limited (JCL) on ’as is where is’ basis. These include Jave

Portugal Cimpor H1 2005 profit seen as lower

Portugal Cimpor H1 2005 profit seen as lower

11 August 2005, Published under Cement News

Portuguese cement producer Cimpor - Cimentos de Portugal is expected to post a 22.8 per cent year-on-year decline in its first half 2005 net profit to a total Euro 98.6m according to projections from

Saudi Qassim Cement H1 figures

11 August 2005, Published under Cement News

Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 131.4 mln Saudi riyals (US$35m) for the first half of 2005, up 4.4 per cent year-on-year. Gross profit grew 8.5 per cent to 61

Creditors to swap $250m debt for TPIPL stake

11 August 2005, Published under Cement News

Thai Petrochemical Industry Plc (TPI) creditors will acquire 30.8 per cent of TPI Polene Plc in exchange for US$250 million (Bt10.3 billion) in debts, after an auction was cancelled yesterday due to a

HeidelbergCement improves in North America and northern Europe

10 August 2005, Published under Cement News

First half turnover rose by 7.9%, or by 7.0% on a comparative basis, to EUR 3,497.6m while the EBITDA advanced by 10.2% to EUR 534.3m. Cement and clinker shipments, which were down by 2.2% in the firs

Readymix H1 profit slips 23%

10 August 2005, Published under Cement News

Irish cement-maker Readymix PLC said that its underlying profit has slipped 23% in the first half of the year, and warned that its cost reduction program is proceeding slower than it had expected.

No takers for TPI Polene share auction, Thailand

10 August 2005, Published under Cement News

No bids have been placed for 249 million shares in TPI Polene held by Thai Petrochemical Industry (TPI), a report in Krungthep Turakij said.

Dyckerhoff seen German cement demand drop by 6% to 8% this year

09 August 2005, Published under Cement News

Buzzi Unicem’s subsidiary Dyckerhoff has reported a 6.9% increase in turnover to EUR 588m for the first half of 2005, with the EBITDA improving by 17.8% to EUR 119m. Cement shipments in the peri

Saudi Yanbu Cement Co H1 2005 Net Profit At US$57.4m

09 August 2005, Published under Cement News

Saudi cement producer Yanbu Cement Company (YCC) posted a net profit of SAR215.3m (US$57.4m) for the first half of 2005, up from SAR214.3m (US$57.1m) in the same period of 2004.

Ras Al-Khaimah White profit gains

08 August 2005, Published under Cement News

The net profit of UAE Ras al-Khaimah Co for White Cement & Construction Materials rose to 41.59 mln UAE dirhams (US$11.3m) in the first half of 2005 from 12.3 mln dirhams (US$3.3m) in the year-earlier

St Lawrence cement group 2Q sales C$360.4m

05 August 2005, Published under Cement News

St Lawrence Cement Group Inc’s sales rose 10.3% in the second quarter but the company wasn’t profitable due to the recording of a big writedown related to the abandoned Greenport, NY repla