Cement News tagged: Corporate
Heracles Cement 9-month net profit down 39.1%
Greek cement producer Heracles, majority owned by Lafarge, said on Wednesday nine-month net profit after tax fell 39.1 per cent, due to a one-off gain last year.
Brazil CP Cimentos Seeks financial equilibrium with CCRG sale
With the sale of local sector company Companhia de Cimento Ribeirao Grande (CCRG), which was finalised on November 27, 2006, Brazil’s cement company CP Cimentos, aims to reestablish its financia
Vietnam cement maker raises $44 mln in IPO
Vietnam’s Ha Tien Cement Co. No. 1 has raised $44m from selling more than 22 million state shares to domestic investors, the Hanoi stock market said on Thursday.
Votorantim acquires CCRG
Votorantim Cimentos has acquired from Koranyi Ribeiro family the 95,65% stake held by CP Cimentos in the cement company CCRG
Bim Son cement plant gets listed
Bim Son Cement Joint Stock Company on Nov. 24 listed more than 90 million shares on the Hanoi Securities Trading Centre under the code BCC.
Egyptian Ameriya Cement US$35.3m net profit
Egyptian company Ameriya Cement booked a consolidated net profit of E£201.8m (US$35.3m) for the first nine months of 2006,
Taiwan Cement to Inject more in Mainland China reinvestments
The Investment Commission under the Ministry of Economic Affairs (MOEA) approved Taiwan Cement Corp to invest US$33.2m in the mainland China on cement plant located at Yingde of Guangdong province.
Egypt’s Amreya Cement 9-mth profit jumps 56 per cent
Egypt’s Amreya Cement reported net profit of E£201.8m (EUR35.3m) for the first nine months of 2006, a 56 per cent increase, the stock exchange said on Thursday.
Lafarge to guarantee Lafarge North America’s US$400m of outstanding debt securities
Lafarge announces that it is providing an unconditional guarantee on all outstanding bonds issued by its subsidiary Lafarge North America In
Chia Hsin eager to cement place in Top-10
Hong Kong-listed Chia Hsin Cement Greater China seeks to boost its annual production capacity to about 10Mt in a couple of years and to 30Mt by 2016.
HeidelbergCement’s Merckle raises stake
Adolf Merckle, a member of Heidelberg Cement AG’s supervisory board, has increased his stake in the company but it’s unclear if this will reduce the company’s free float
Cementos Portland sees 2007 revs at EUR1.8bn
Spanish cement group Cementos Portland Valderrivas (CPV) expects to make turnover of more than EUR1.8bn in 2007, double the sales it achieved in 2005,
Lafarge Malayan Cement returns to profit
Lafarge Malayan has recorded a nine-month pre-tax profit of RM138.688m (US$38m) against a loss of RM26.237m a year ago as it benefits from firmer domestic and higher export prices
Monarch Cement’s EBITDA Hits Nine Year High
Monarch Cement Company for its 12 months ended September 30, 2006 was $30,302,931, a 60% increase over the year earlier same 12 months when Monarch Cement generated
Siberian Cement’ to repurchase ’Topkinsky Cement’
The Kemerovo-based holding ’Siberian Cement’ has repurchased 100% of the shares of ’Topkinsky Cement’ Ltd, as reported yesterday
Profit drops 31% at Egypt’s National Cement in Q1
Egypt’s National Cement reported a 31 per cent drop in net profit to E£106m (US$18.5m) for its fiscal first quarter ended September, the stock exchange said on Sunday.