Cement News tagged: Corporate
TPI Polene sees 2007 revenues up five per cent
TPI Polene, Thailand’s third largest cement firm, said on Monday it expected its 2007 revenues to rise up to five per cent as cement demand would pick up in the second half.
Fate of India’s Cement Makers Isn’t Set in Stone
Shares of Indian cement companies have declined amid concerns about increased government intervention in the industry.
Holcim Indonesia swings to profit in 2006 on strong rupiah
PT Holcim Indonesia, a unit of Swiss cement maker Holcim Ltd, returned to profitability in 2006 as foreign exchange gains offset weaker operating results.
Cemex provides guidance for the first quarter of 2007
Cemex announced today that it expects EBITDA for the quarter ending March 31, 2007 to be about US$830m an increase of close to 2% versus the same period last year
Mexico’s Cemex hit by souring US mortgage sector
Cemex has seen its share price fall four per cent this week on concerns that trouble brewing in the US housing sector could hurt future sales.
Lafarge Moldovan unit net profit down 15.6% in 2006
The net profit of Moldovan cement producer Ciment, majority owned by Lafarge, fell by 15.6% last year to 43m lei ($3.4m), the company said on Wednesday.
Cimpor 2006 profit seen at EUR276m
Cimpor’s net profit is seen at EUR276m (US$363.6m), up 3.8 per cent, according to the average projections of a poll of five analysts, reported by local business daily Diario Economico.
Lafarge bought back EUR70.57m worth of own shares
Lafarge SA has bought back EUR70.57m worth of its own shares between March 5 and March 9, the Paris stock-market regulator Autorite des Marches Financiers said Monday in a statement.
Complant sells 77% shares in Dingxin Cement for RMB480m
China National Complete Plant Import and Export Corporation announced today that the company successfully transferred 77.7% of the shares it held in
Turkish Akcansa 2006 net profit rises by a quarter
Turkish cement producer Akcansa said its net profit rose by a quarter to TRL146.5m (US$103.15m) in 2006 from a year earlier, boosted by strong domestic sales.
Cemex gets FDI nod for Rinker bid
Cemex has received foreign investment approval from the federal government for its hostile takeover bid for Rinker Group Ltd.
Ciments Francais net rises 19%
Ciments Francais, a unit of Italy’s Italcementi, reported a 19 per cent rise in full-year 2006 net profit to EUR502m, on previously announced sales of EUR4.381bn, up 21.8 per cent from 2005.
GK Goh buys 13.6% stake in cement company Tasek
GK GOH Holdings has bought a 13.6 per cent stake in Malaysian-listed cement company Tasek Corporation Bhd for about RM86m (S$37m).
Saudi Yamama Cement 2006 net profit up to $160.4m
The net profit of Saudi cement producer Yamama Cement Company (YCC) stood at SAR601.2m (US$160.4m) for 2006, an increase from SAR500.9m (US$133m) a year ago.
Aveng keeps talking to Holcim over sale of shares to BEE group
Aveng is continuing its “constructive engagement” with Holcim over a proposed R6.82bn deal aimed at giving Holcim South Africa a black-controlling shareholder.
Egypt’s Sinai Cement says 2006 profit up 58 per cent
Egypt’s Sinai Cement reported a 58 percent increase in 2006 net profit to E£286.9m (US$50.3m), the company said in a statement to the stock exchange on Monday.