Cement News tagged: Corporate

Cimpor higher as analysts hike estimates

31 May 2005, Published under Cement News

Shares in Cimpor - Cimentos de Portugal SGPS rose, more than reversing yesterday’s losses, as analysts said they will raise their full-year estimates after the cement maker’s first quarter

HeidelbergCement to increase Indo stake

31 May 2005, Published under Cement News

The Managing Board and the Supervisory Board of HeidelbergCement AG resolved to further increase the stake in the Indonesian cement company Indocement, which has been fully consolidated since 2004. Th

Ukrainian Balcem To Raise Share Capital

27 May 2005, Published under Cement News

Ukrainian cement plant Balcem plans to raise its share capital by 4.94 mln Ukrainian hryvnias (US$981,000/) to 5.49 mln hryvnias ($1.1m) through the issue of 98.74 million ordinary

Bipadosa Sells Stake in Portugal Cimpor

27 May 2005, Published under Cement News

Spanish company Bipadosa Distribucion y Transformacion has sold its entire direct stake in Portuguese cement producer Cimpor, Cimpor announced in a report to the Portugal’s national securities r

Raysut Cement’s rights proposal

Raysut Cement’s rights proposal

27 May 2005, Published under Cement News

Raysut Cement, Oman, will enter the capital market with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million.

ING Bank boosts stake in Cimpor

25 May 2005, Published under Cement News

Dutch bank ING increased its stake in Portuguese cement producer Cimpor to 2.39 per cent of the company’s voting rights, Cimpor said in a report to the Portugal’s national securities

Florida Rock resignation

Florida Rock resignation

25 May 2005, Published under Cement News

Florida Rock Industries, Inc. today announced the resignation of its distinguished board member, G. Kennedy Thompson, effective May 24, 2005. Mr. Thompson has served as a director of Florida Rock Indu

Cimpor 2004 net profit up

25 May 2005, Published under Cement News

The 2004 profit of Portuguese cement producer Cimpor grew by Euro 72m to a total Euro 262.5m due to the introduction and application of the international accounting standards IAS/IFRS, the company ann

German-owned Bosnian plant

25 May 2005, Published under Cement News

German-owned Bosnian cement producer Tvornica Cementa Kakanj (TCK) saw its net profit rising to 16 million marka (Euro 8.2m) last year, Bosnian business news website Bh Biznis

Taiwan Cement sees profit growth, eyes China

24 May 2005, Published under Cement News

Taiwan Cement Corp. expects sales and profit to grow more than 15 to 20 percent in 2005 from 2004 and aims to become one of China’s top three cement makers in three years, chairman Leslie Koo sa

Gresik April cement sales 1.18Mt, down 0.5% YoY, Indonesia

24 May 2005, Published under Cement News

Indonesia’s largest cement maker PT Semen Gresik’s cement sales in April dropped 0.5% YoY to 1.18Mt from 1.19Mt a year earlier, with exports down 44 per cenet at 110,633 tons, according to

Adani’s plan to take over Everest hits hurdle

20 May 2005, Published under Cement News

The proposed takeover of Everest Industries (EIL), a subsidiary of ACC, by the Adani group has hit a roadblock. ACC is likely to appoint a merchant banker for selling EIL for greater transparency. So

Saudi Arabian Cement Co Q1

20 May 2005, Published under Cement News

Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 69.1 mln Saudi riyals ($18.4m) for the first quarter of 2005, up from 60.2 mln riyals ($16.1m) in the

Adelaide Brighton expecting improvements

19 May 2005, Published under Cement News

Cement producer Adelaide Brighton Ltd expects to improve on its 2004 result this year. "...Our performance is on track to meet our 2005 business plan targets and to deliver a further improvement upon

Egyptian Alexandria Cement Q1 2005

19 May 2005, Published under Cement News

Egyptian cement producer Alexandria Cement registered a 511.5 per cent year-on-year surge in consolidated net profit to 14.8 mln Egyptian pounds ($2.6m) for the first quarter of 2005, it was reported

Cimpor Q1 2005 profits expected to rise

19 May 2005, Published under Cement News

Portuguese investment bank Millennium bcp investimento (MBCPI) projected in a research note, dated May 17, 2005, the local cement company Cimpor - Cimentos de Portugal to post