Cement News tagged: Corporate
India Cement Q2 net profit up 90%
India Cements Ltd’s July-September net profit rose 90 per cent to Rs 222.65 crore compared with Rs 117.32 crore in the same quarter of the previous year.
Birla Plus turns UltraTech
Birla Plus is now UltraTech cement. The Aditya Birla group on Monday announced rebranding of its cement business by bringing it under the UltraTech umbrella
Holcim hikes Ambuja stake to 40 per cent
Holcim, the world’s second largest cement maker, has scaled up its shareholding in Ambuja Cements (ACL) by 3.15 per cent to nearly 40 per cent for Rs 714 crore through open market operations.
Rajhi Cement plans $595mn bond sale
Saudi Arabia’s Al-Rajhi Cement Investment Co will sell $595 million of seven-year, Islamic bonds in the first quarter,
Siam City Cement to continue downward from negative environment
Siam City Cement (SCCC) is expected to announce a 3Q07 profit of Bt933mn (EPS Bt4.06), down 1% qoq and 6% yoy. Thai cement demand will remain down 4% yoy compared with a fall of 8% yoy
Peru’s Cementos Lima 3Q Net PEN54.5m Vs PEN32.4m
Cementos Lima SA posted third-quarter net income of 54.5 million soles ($18.1 million) compared to PEN32.4 million in the same quarter a year ago, the company said late Wednesday
Gulf Cement Company profit up to QR22mn
Gulf Cement Company has reported a net profit of QR22.25mn in the first nine months of this year mainly due to its income from short-term deposits, which contributed more than 95% to total revenues.
JK Cement secures loan for Rs.1,000 crore cement plant
JK Cement Ltd has secured a term loan to set up its Rs.1,000 crore grey cement plant in Karnataka.
Cypriot Mitica acquires five per cent stake in Titan Cement
Cypriot holding company Mitica has acquired a stake of about five per cent in Greece’s Titan Cement, sources close to the matter said to Thomson Financial News.
Qatar National Cement records QR245mn gain
Qatar National Cement Company (QNCC) has reported 71% gains in net profit to QR244.94m during January-September this year on faster growth in sales and fresh income from associates.
Chettinad Cement Q2 net jumps 48.55%
Chettinad Cement Corporation registered a substantial rise of 48.55% in net profit for the second quarter ended June 2007.
Holcim (New Zealand) manager moving to cement career in US
"A bit of an adventure" is how Holcim (New Zealand) Ltd’s strategy and development general manager Paul Commons’ describes his transfer to work for Holcim in the United States.
ACC hikes stake in Shiva Cement to 14.7%
ACC has increased its stake to 14.7 per cent in Shiva Cement from 11.22 per cent as on June 30 this year.
Cimpor eyes 10 per cent per year revenue growth in China, mulls India opportunities
Cimpor expects to have over 10 per cent revenue growth in the Chinese market and is considering opportunities in India
Thailand’s Siam Cement Pcl. (SCC): 3Q07 earnings slightly better QoQ
SCC is expected to post a 3Q07 net profit of Bt8.5bn, up 11.6% YoY but down 3.8% QoQ.
Strong volumes & higher prices to drive earnings of cement cos, India
Strong volumes and higher prices is expected to drive earnings growth of cement companies, which are all set to deliver good results in the second quarter