Cement News tagged: Corporate
Gresik targets 3% rise in sales this year
Indonesia’s largest cement producer PT Semen Gresik said it is targeting a 2-3 per cent increase in cement sales to 16.47Mt this year after zero growth last year.
Semapa FY sales up four per cent as weak cement ops offset strong Portucel
Semapa SGPS said sales grew four per cent to EUR1.547bn last year from a restated EUR1.490bn in 2005 as weak sales a
Private equity sniffing Rinker
The major private-equity groups are preparing to enter the bidding for takeover target Rinker, an analyst’s report claims.
Readymix FY pretax profit up 32 per cent
Irish cement maker Readymix PLC reported a 32 per cent rise in full-year pretax profit, as a result of favourable economic conditions and a range of performance improvement initiatives.
Bío Bío 2006 profits surge 82% to US$89m
Chilean company Cementos Bío Bío saw net profits climb 81.9% to 48.0bn pesos (US$88.8m) last year compared to the 26.4bn
Rival takeover pressures Cemex bid
Cemex is under new pressure to jack up its US$12.8bn ($16.3bn) hostile takeover bid for Rinker after the latest play by Holcim for Canada’s St Lawrence Cement Group.
India Cements Board approves Visaka merger
India Cements today said its Board of Directors has decided to merge Visaka Cement Industry, an associate company with itself and has also appro
Frere aiming to raise Lafarge stake
Belgian financier Albert Frere is planning to eventually raise his stake in French cement maker Lafarge to 30 per cent,
India Cements to issue 1 share for 5 held in Visaka
India Cements Ltd. said on Wednesday its board approved the merger of its associate, Visaka Cement Industry Ltd.
GCC Reports 2006 Fourth Quarter and Full Year Results
The record growth in GCC’s results in 2006 reflected the successful integration of acquisitions and solid organic growth derived from higher volumes
Holcim Q4 net profit seen strong at SwFr414m amid good weather
Holcim is expected to report on Wednesday a strong fourth-quarter net profit of SwFr414m, supported by exceptionally good weather conditions and improved pricing power, analysts said
Lafarge aims to increase cement capacity by 40Mt by 2010
Excluding the roofing business, which is being sold, Lafarge increased its turnover last year by 16.7% to €16,909m and the EBITDA improved by 19.7% to €3,704m.
Orascom prepares tender offer for cement producer Baticim
Egypt’s Orascom Construction Industries (OCI) applied to the capital markets board for a voluntary tender offer for A and B class shares of the cement producer Baticim Bati Anadolu Cimento.
Oman: Raysut Cement profits more than double in 2006
Officials at Raysut Cement announced that the company’s net profits have more than doubled to $53.6 million in 2006, compared with $26.06m in the previous year, Times of Oman reported.
Hanson plays down takeover target rumours
Industrial group Hanson has played down rumours that it has been made a takeover target.
Adelaide Brighton hits FY06 record protfit
Cement and lime producer Adelaide Brighton Ltd has produced a record full year profit and expects to continue to grow its business this year, despite a patchy housing market.