Cement News tagged: Corporate
Holcim heads for the outback, Australia
Holcim is scheduled to hold a roadshow in the week from on 10 July 2006 visiting Sydney, Melbourne and Brisbane to promote a new bond transaction.
Cementir increases stake in Cimentas
Cementir Cementerie Del Tirreno S.p.A announced that its stake in Cimentas Izmir Cimento, a cement company, increased to 29.06 per cent from 19 per cent, following Cimentas Cimento’s capital increase.
SCCC expected second quarter earnings to fall, Thailand
Siam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affecte
Sibtsem acquires Kamenskiy plant, Russia
A stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy
Shree Cement more growth in July-August, India
MK Singhi, executive director of Shree Cements, says that the monsoon has not particularly affected sales the June quarter.
US Concrete closes concrete purchases
US Concrete Inc has completed the purchase of Alberta Investments Inc and Alliance Haulers Inc for $165m.
Qassim Cement H1 profit up, Saudi Arabia
Saudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said ear
Ukrainian producer profit
Urkainian producer Mykolaivtsement ended 2005 with a net profit of UAH 21.98m, increasing net revenues by 28.4 per cent or UAH 44.42m, compared to 2004 to UAH 201.07m.
Gresik forecasts rise in net profit, Indonesia
Despite a decline in cement demand in Indonesia, state-owned cement maker PT Semen Gresik is optimistic it will post a net profit of Rp1.12 trillion (US$123.5m) this year, up from Rp1.02 trillion last
CNBM plans to spin off unit
China National Building Material Group Corp (CNBM) plans to spin off its machinery equipment making unit, Northern Heavy Industry, for a separate listing in Hong Kong. CNBM president Song Zhiping sai
Holcim Bulgaria to push capacity increase in 2006
Holcim will complete a Euro 26.5m investment in raising the output capacity of one of its Bulgarian plants by the end of August, a senior company official said on Tuesday.
Bio Bio sells assets worth $73.95m
Chilean cement producer Cementos Bio Bio (CBB), controlled by industrial group Briones, announced on July 3, 2006, that it had sold the assets of some of its subsidiaries for a total of $73.95m.
Readymix sells East Wall site
Irish Readymix has sold its site on East Wall Road to the Dublin Docklands Development Authority (DDDA) for €23 million in cash, €7 million more than the guide price. Readymix had said it expected to
FFE Minerals acquisition
FFE Minerals has acquired US-based Excel Foundry and Machine, Inc., which is a leading provider of quality spare parts and services to the mining and aggregate industries. At the same time, FFE Minera
Dontsement ends with improved 2005
Cement producer Dontsement company (Amrosiivka; Donetsk region) ended 2005 with a net profit of UAH 15.14 million.
TPI Polene preparing to raise B16bn
TPI Polene Plc is preparing to raise up to THB16bn through a private placement and an offer of new shares to its existing shareholders in order to pay down its debts.