Cement News tagged: Corporate
Cementos Argos sells COP70bn in one year notes
Colombia’s largest cement company, Cementos Argos SA , Wednesday sold COP70bn (US$38m) worth of commercial notes, said Bancolombia’s (CIB) investment bank, which handled the sale.
CMVM restarts investigation of Cimpor Purchase
Portugal’s stock market regulator CMVM decided to start again the investigation of the possible coordination between shareholders of local producer Cimpor from 2001
Misr Beni Suef Cement H1 net declines 0.8 per cent
Egypt’s Misr Beni Suef Cement posted an 0.8 percent decline in net profit in the first half of 2008 to E£150.5m (US$28.4m), the stock exchange said on Tuesday.
Cement giant Lafarge posts profits boost
Cement supplier Lafarge has posted an 18.5 per cent profits rise as cost-cutting and acquisitions cushioned the blow of construction market gloom.
Egypt’s Suez Cement H1 net profit jumps 28.8 per cent
Egypt’s Suez Cement SUCE.CA reported a 28.8 per cent rise in first-half net profit
Dyckerhoff 1H 2008 Net Profit €142m versus €96m
German cement maker Dyckerhoff AG reported a 48 per cent increase in net profit for the first half of 2008, or €142m, compared to the same period a year ago.
Saudi Yamama Cement Owns 5% in Hail Cement
Saudi cement producer Yamama Cement Company (YCC) said on August 5, 2008 it owns a five per cent stake in local cement producer Hail Cement, which is currently under establishment.
Siam City Cement 2Q net drops
Siam City Cement, Thailand’s second largest cement producer by sales, Thursday reported a 19% drop in second quarter earnings on lower sales.
Semen Gresik seeks IDR5 trillion loan
PT Semen Gresik Tbk seeks IDR5 trillion loan to fund the acquisition of cement company, transportation and cement paper pack company so as to support the company core business.
Vassiliko Cement profits decline in first half
Cyprus’ Vassiliko Cement Works Public Co Ltd (VCW) reported a decline in profitability during the first half of 2008 compared to a year ago with net profit declining
Vulcan announces second quarter results
Vulcan Materials Company today announced second quarter net sales of $966m, as compared to $808m in the second quarter of 2007.
Saudi Qassim Cement net profit up to US$83.2m
Saudi cement producer Qassim Cement Co (QCC) saw its net profit go up 31 pct year-on-year to SAR312.2m (US$83.2m) in the first half of 2008, it was reported on August 4.
Eagle’s first quarter profits contract by 80%
Eagle Materials saw its turnover fall by 20.1% to US$171.8m in its first quarter to the end of June,
UAE Gulf Cement 1H08 net profit down
UAE cement maker Gulf Cement registered a decline in its net profit to AED200.1m (US$54.5m) in the first half of 2008 from AED253.9m (US$69.1m) a year ago, it was reported on July 30.
Jordan Valley AR reorganises as Xenemetrix, US
On the 15th of June 2008, Jordan Valley Semiconductors Ltd, divested their Analytical Division which was then purchased by Xenemetrix Ltd,
UAE: Union Cement Q2 down on input, fuel costs
Union Cement Co posted a 60.2 per cent drop in net profit in the second quarter on high raw material and fuel costs, as well as a sharp decline in income from investments in shares.