Cement News tagged: Corporate
Lafarge Malaysia appoints new president, CEO
Lafarge Malayan Cement Bhd has appointed Bi Yong Chungunco as its president and chief executive officer with effect from May 5, 2008.
India: cement stocks fall 4% -16% following export ban
The export ban on cement in India has led to a fall in prices, hitting the industry hard. This has also led to a free-fall in prices of cement stocks
Asia Cement China Raises US$238m in HK IPO
Asia Cement (China) Holdings has raised US$238 million in a Hong Kong initial public offering
Birla Corporation has reported a 14.46 per cent dip in net profit
Birla Corporation has reported a 14.46 per cent dip in net profit in the quarter ended March 2008 to
Prosperity Minerals issue of Notes with Warrants
Prosperity which operates a cement manufacturing business in the People’s Republic of China and an iron ore business serving the same market
Vulcan Announces first quarter results
Vulcan Materials Company announced first quarter net sales were US$772m compared to US$630m in the first quarter of 2007.
Taiwan Cement Group sees earnings shrink in Q1
The rising prices of crude oil and coal have driven down operating gross profit margins for Taiwan Cement Group’s
Allen to become new CFO for TXI
Ken Allen has been named vice president of finance and chief financial officer of Texas Industries, Inc, effective August 1.
Portugal BPI to revise projections on Semapa after 1Q08 results
Portuguese investment bank BPI will reconsider its estimates and expectations about local construction group Semapa, after the presentation of the first quarter 2008 earnings results,
Egypt’s South Valley Cement to give free shares
Shareholders of Egypt’s South Valley Cement approved a two-for-five stock dividend, the firm said in a statement to the stock exchange on Sunday.
Saurashtra Cement net up 43% for Mar 2008 quarter
Saurashtra Cement announced a substantial rise in standalone net profit for the quarter ended March 2008.
OCI profit jumps on more contracts
Egypt’s Orascom Construction Industries said its net income in 2007 grew by almost half from the previous year on a record number of construction contracts.
Siam Cement Q1 seen weaker as costs soar
Siam Cement PCL, Thailand’s biggest industrial conglomerate, is expected to post a 21 per cent drop in first-quarter earnings
Saudi Cement net profit in 1Q08 up by 2.5% YoY
Saudi Cement Company’s first quarter income rose by 2.7% YoY on higher sales, though the growth in profit
Cemex CEO says company’s Venezuela exposure small
Mexican cement maker Cemex SAB isn’t overly exposed to a nationalization of its Venezuela operations because it’s only a small part of its global operations
Thailand’s Siam Cement to issue US$158m debt
Siam Cement SCC.BK, Thailand’s top industrial conglomerate, said on Friday it plans to raise an additional