Cement News tagged: Corporate
Weak cement demand to pressure 1Q07 earnings
Siam City Cement (SCCC) is expected to announce a 1Q07 profit of Bt950mn (EPS of Bt4.07), up 37% qoq but down 17% yoy.
Yamamah Cement Q1 profits rise 9%
Saudi Arabia’s Yamamah Cement Co said that the company’s net income rose 9.3 per cent to $46.3m in the first three months of 2007 compared to $43.9m in the same period of 2006.
BLI to undergo joint branding
Buxton Lime Industries is taking a new name, Tarmac Buxton Lime and Cement, and linking with its owner Tarmac Ltd in a joint-branding drive.
Taiheiyo plans expansion in US
Taiheiyo Cement Corp. of Japan may buy plants in the US, the company’s most profitable market, and in faster-growing countries in Asia as demand at home falls and competition in global cement ma
Steppe Cement appoints Rodzianko as Non-Executive Director
Steppe Cement Limited confirmed Wednesday the appointment of Paul Rodzianko to its board of directors with immediate effect as a non-executive director.
Saudi Yanbu Cement Q1 profit up, beats forecast
Yanbu Cement Co, Saudi Arabia’s fourth-largest cement maker by market value, posted a 25 per cent rise in first-quarter net profits, beating an analyst’s forecast.
Dangote Promises big leap for BCC Shareholders
Chairman of Benue Cement Plc, Alhaji Aliko Dangote has promised shareholders of the company that it will declare better returns soon, given the favourable conditions in the cement industry.
Yamama Cement OKs Cash Dividend
The general shareholders’’ meeting of Saudi cement producer Yamama Cement Company (YCC) approved last March 28 a 20 percent cash dividend for 2006
Cuts not meant to make us reduce prices: Mysore Cements
The government seems bent on getting its way with cement makers.
Italcementi increases its operations in the field of concrete in North America
The Italcementi Group continues its strategy of expanding its operations in international markets by strengthening its activities in the field of concrete.
Texas Industries Inc - Texas Industries’ cash flow from operations hits seven year high
Cash flow from operations for Texas Industries Inc for its quarter ended February 28, 2007 was US$15,133,000
Greece’s Titan Cement US unit acquires Cumberland Quarry for US$36m
Greek Titan Cements US unit Titan America said that it completed the acquisition of the Cumberland Quarry
Birla group plans to rejig cement brand to increase market share
The Aditya Birla Group, India’s second largest cement maker, is learnt to be realigning its brands portfolio to increaes its market share.
Indonesia’s Semen Gresik posts 30 per cent rise in net profit
State-owned cement maker PT Semen Gresik reported a 30 per cent increase in net profit to Rp1,353bn (US$153m) this year, from Rp1,023bn in the previous year.
Egyptian cement producers see net profits fall
Egypt’s Suez Cement, majority owned by Italy’s Italcementi, reported a 24 per cent drop in 2006 net profit on Thursday to 799 million Egyptian pounds
Buzzi Unicem FY net rises to €349.8m, beats estimates
Buzzi Unicem SpA said its full-year net profit rose to 349.8 mln eur from 255.6 mln in 2005, beating market expectations, underpinned by higher sales and improved profitability