Cement News tagged: Corporate
Tanga Cement posts 16bn/- profit
Tanzania’s Tanga Cement Company (Simba) has posted 15.99bn/- net profit for its operations for the year ended December 2006, up from 7.233bn/- recorded in the preceding year.
Tabuk Cement raises capital to US$240m
Officials at Saudi Arabian Tabuk Cement Company announced that the company has gained the approval of the country’s Capital Market Authority (CMA) to expand the company’s capital from $186
Claudius Peters opens new outpost in India
Langley Holdings Claudius Peters division has a recently announced the opening of its new outpost in India. Located in Mumbai
Strong margin improvement at Martin Marietta
Martin Marietta Materials sold 180.1Mt (198.5Mst) of aggregates in 2006, which was 2.3% less than in the previous year.
CIMA surge draws query
Shares of Cement Industries of Malaysia Bhd (CIMA) rose 26 per cent, or RM1.30, yesterday, prompting a query from Bursa Malaysia.
Cemex offloads bonds to cement Rinker bid
Cemex has sold off US$750m ($965m) worth of hybrid bonds to clean up its balance sheet in preparation for its hostile US$12.8bn takeover of building materials group, Rinker.
Boral H1 profit drops 15 per cent, sees housing recovery in 08
Boral Ltd has reported a dip in first half profit and stuck to its forecast for lower annual earnings, but the brick, tile and concrete maker has forecast a recovery in its two key markets in 2008.
Buzzi Unicem FY sales to rise 6-7 per cent on Dyckerhoff’s, Mexico ops
Buzzi Unicem SpA full-year sales, due to be released Thursday, are seen rising by 6-7 per cent from 2005, thanks to solid results at its Dyckerhoff AG subsidiary, particularly in Eastern Europe,
Oman Cement Co 2006 net profit reaches US$54m
Oman Cement Co (OCC) reported an unaudited net profit of OMR20.7m (US$54m) for 2006, up from OMR18.1m (US$47m) in 2005, according to OCC statement to Muscat Securities Market (MSM).
Fujairah Cement net profit rises US$41m 2006
The UAE Fujairah Cement Industries Co said its net profit rose to AED150m (US$41m) in 2006 from the AED137.3m (US$37.4m) it generated in the previous year.
St. Lawrence Cement sees future as rosy, and green
St Lawrence Cement Group has come off its most profitable year anticipating strong results in 2007 despite declining housing market.
New Director General of Garadagh Cement appointed
From February 1, 2007 the post of Director General of Garadagh Cement JSC transferred to Horia Adrian who replaced Uve Kohler.
GACL net trebles
Mumbai-based cement maker Gujarat Ambuja Cements (GACL) said its October-December quarter net profit trebled to Rs 338 crore due to gains from a merger and higher cement prices.
Buzzi Takeover Bid for German Dyckerhoff fails
The takeover bid of Italian cement and concrete maker Buzzi Unicem S.p.A. for German building material maker Dyckerhoff AG failed as the Italians managed to acquire only 88.37 per cent of the shares i
India ACC Oct-Dec net doubles, beats f’cast
ACC Ltd, India’s second-biggest cement maker, said on Thursday quarterly profit more than doubled on higher prices and strong demand, beating expectations.
Birla Corp Q3 net jumps
Birla Corp on Wednesday reported a huge jump in net profit at Rs 95.14 crore for the third quarter (Q3) ended December 31, 2006