Cement News tagged: Corporate
Kuwait Cement Co US$139m net profit
Kuwaiti cement producer Kuwait Cement Company registered a decline in its net profit to KWD37.1m (US$139.6m)
Oman Cement Q2 profit falls 13 per cent
Oman Cement Co posted a 13.1 per cent drop in second-quarter profit to OMR3.57m (US$9.28m), missing two analysts’ forecasts.
JK Lakshmi Cement Q1 net falls 43.49%
JK Lakshmi Cement disclosed a substantial drop in standalone net profit for the quarter ended June 2008.
Shanshui Cement raises additional US$273m
China Shanshui Cement announces that it raises an additional $273m as its over-allotment option has been fully exercised in respect of an aggregate of 97.626m shares at $2.8 per share.
Athi River Mining to create five subsidiaries, Kenya
Athi River Mining, will transform its five divisions into wholly-owned subsidiary companies, as part of a drive to boost competitiveness.
Siam Cement Q2 profit down but beats forecast
Siam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, reported an 18 per cent fall in quarterly net profit on
AfriSam ties up deal with R6bn funding
Construction materials group AfriSam said on Friday it was ready to grow its business now that it had secured ZAR6bn in equity investment funding from the Public Investment Corporation (PIC).
Goldman cuts Anhui Conch, CNBM to sell
Goldman Sachs cut China’s Anhui Conch and China National Building Materials to sell from neutral, citing a gloomy outlook for the country’s cement industry.
PPC: new appointment to the board
The board of directors of Pretoria Portland Cement Company Limited (PPC) has announced the appointment of Mr. Tim Ross to the board of directors with effect from 17 July 2008.
Sabanci raises controlling stake in Akcansa to 39.7%
One of the leading Turkish conglomerates, Sabanci Holding, informed that it purchased Akcansa Cimento Sanayi shares with a nominal value of TRY 14.3
Shree Cement sees steady margins in FY09
India’s Shree Cement expects steady margins in FY09
Ultratech Cement Q1 net up two per cent
Aditya Birla Group company Ultra Tech Cement today announced a net profit of
Siam Cement to post 27% fall in 2Q net profit
Siam Cement PCL, Thailand’s largest industrial conglomerate, is expected to report a 27% fall in second quarter earnings from a year earlier when it had substantial one-time gains from asset sal
Kingdom to set up firm with SR20bn capital
Saudi Arabia will set up an investment firm, Sanabil Al-Saudia, as a joint stock company with a capital of SR20bn that will invest
Texas Industries Inc: outlook revised
Standard & Poor’s Ratings Services revised its outlook on cement producer Texas Industries Inc. (TXI) to stable from positive
Saudi Cement’s Q2 profit down on export ban
Saudi Cement Co , Saudi Arabia’s largest cement maker by market value, said second-quarter earnings fell 9.4 per cent on a government ban of exports and a rise in costs.