Cement News tagged: Corporate
McCarthy named PCA president/CEO, USA
The Board of Directors of the Portland Cement Association (PCA) has named Brian A McCarthy president and chief executive officer.
FLSmidth sells Densit A/S to Illinois Tool Works Inc
FLSmidth has agreed to sell Densit A/S to Illinois Tool Works Inc. (ITW). The sale will take place in an all-share deal. The parties have agreed not to disclose the selling price.
Birla Corporation net up 53%
Birla Corporation Ltd, the flagship of the MP Birla group now controlled by Rajendra S Lodha, has reported a 53% increase in its profit after tax to nearly
Rockwell Automation to acquire Pavilion Technologies
Rockwell Automation, Inc announced it has entered into a definitive agreement to buy Pavilion Technologies, Inc. Terms of the transaction were not disclosed.
Indocement 9-month net profit up 25.4 percent as sales rise
Indonesia’s second biggest cement maker, PT Indocement Tunggal Prakarsa, said Wednesday its net profit for the first 9 months of the year rose 25.4 per cent aided by higher sales and falling in
Semen Gresik considers convertible bonds in 2008
Bisnis Indonesia sources said the company will issue the convertible bonds after the issuance of US$500m bonds in January 2008.
Anhui Conch Cement May Add to Fourfold Share Gain
Investors betting against Anhui Conch Cement Co. after a more than fourfold increase in the past year may miss out on even more gains
Rinker boosts Cemex volumes
For the first nine months 2007, which included Rinker for three months, Cemex has reported at 16.2% increase in turnover to US$15,595.3m.
Titan Cement nine month net seen flat as Balkans help offset weaker US ops
Titan Cement’s nine-month group net profit is seen coming in flat at EUR212m, when it announces its results
Italcementi unit buys Verticalnet
Italian cement company Italcementi said on Friday its unit BravoSolution has agreed to buy U.S. supply management solutions firm Verticalnet in an all-cash offer worth $15.2 million including debt.
Raysut profit up on surging cement demand
Raysut Cement, Oman’s largest cement firm by market value, made a third-quarter profit of OMR7.12m ($18.50m), an increase of 26.9% from the year-earlier period.
Cemex’s 3Q07 net sales increase 31%; EBITDA up 23%
During the third quarter of 2007, majority net income decreased 7% to US$780m from US$836m in the third quarter of 2006.
FLSmidth sells Densit A/S to Illinois Tool Works Inc
FLSmidth has agreed to sell Densit A/S to Illinois Tool Works Inc. (ITW). The sale will take place in an all-share deal. The parties have agreed not to disclose the selling price.
JK Lakshmi Cement plans investment
Buoyed by a three-fold increase in its net profit during the quarter ended September 3
Attock Cement’s profit falls
The profit after tax of Attock Cement Pakistan Limited declined to Rs 88.048m in the first quarter ended on September 30
Madras Cements net rises on better regional prices
Madras Cements Ltd of India posted a 34 per cent rise in its quarterly net profit riding better price realisations in the southern region and beating analysts’ estimate.