Cement News tagged: Corporate

UltraTech Cement net zooms

27 June 2006, Published under Cement News

UltraTech Cement has disclosed a phenomenal jump in net profits for the quarter ending in March 2006. During the quarter, the company witnessed a 1549.80 per cent rise in profits from Rs49.40m to Rs.

China National Building to acquire cement business?

26 June 2006, Published under Cement News

China National Building Material Co Ltd (CNBM) said it is in talks with certain independent third parties regarding the possible acquisition of a cement business operating in China. The company said i

Lafarge could sell some German activities

26 June 2006, Published under Cement News

Lafarge is expected to sell its business with roof-tiles, which would mean the withdrawal of the group from large parts of its German operations. The company says that it is still at an early stage in

Cementos Molins may seek more acquisitions

26 June 2006, Published under Cement News

Smarting from its failure earlier this month to acquire fellow Spanish cement producer Uniland, Spanish cement group Cementos Molins is looking to other opportunities for growth via acquisitions. Ceme

CRH boss’s EUR6.5m pay package

CRH boss’s EUR6.5m pay package

26 June 2006, Published under Cement News

CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, who is try

Cementos Lemona files delisting application

23 June 2006, Published under Cement News

Cementos Lemona SA has applied for delisting from the Madrid and Bilbao stock exchanges, the Spanish stock market regulator CNMV informed on June 22, 2006. The move was approved by the general shareh

Toros Cimento plans investment in cement plant

Toros Cimento plans investment in cement plant

23 June 2006, Published under Cement News

Konya Cimento announced that its affiliate Toros Cimento will establish a new cement plant with an annual capacity of 1.5Mt in Karaman with US$120m investment. Toros will start the investment project

Lafarge ups mid-term targets, mulls roof unit sale

22 June 2006, Published under Cement News

Lafarge raised its mid-term targets on Thursday and said it was considering selling its underperforming roofing business as it seeks to boost profits.

Cement Hranice ups 2005 profit by 32 per cent Hranice

22 June 2006, Published under Cement News

Czech cement maker Cement Hranice raised audited net profit by 31.7 per cent YoY to Kc659.3m in 2005, says its annual report, obtained by CTK. Board chairman Jaromir Chmela said in the report the grow

Fortune Cement approves cash dividend

21 June 2006, Published under Cement News

The board of Fortune Cement Corp has approved a regular cash dividend of PHP0.15 a share to shareholders of record at July 5. The dividend is payable July 31 and will come from the retained earnings o

Carpatcement Holding registers higher profits

21 June 2006, Published under Cement News

Carpatcement Holding SA registered approximately Euro 31m in net profit, and Euro 159m in turnover in 2005, Bursa daily informs on Tuesday. For the current year, the company’s officials estimat

TPI Polene Plc plans to issue bonds

20 June 2006, Published under Cement News

TPI Polene Public Company Limited. (TPIPL), Thailand’s third largest cement maker, plans to issue baht-denominated bonds worth about US$650m to refinance debt.

Holcim Romania sees 2006 sales rising

20 June 2006, Published under Cement News

The Romanian unit of Swiss cement producer Holcim Ltd. expects its 2006 sales to rise in line with the overall domestic market growth projected at eight to 12 percent, a senior company said. "We want

Cemex looks towards Q2 operating income boost

20 June 2006, Published under Cement News

Cemex expects to report a second quarter operating income of US$840m, a 12 per cent increase over the same quarter in 2005, according to a company press release. "We are increasingly confident that w

CRH eyes €2bn deal for US company

20 June 2006, Published under Cement News

CRH is in talks to buy the Ashland Paving and Construction (APAC) company in a deal that could cost up to €2 billion. The building materials group said its US-based subsidiary, Oldcastle Materials, ha

ICICI in equity pact with Andhra Cement

20 June 2006, Published under Cement News

THE GP Goenka Group-promoted Andhra Cements (ACL) on Monday said ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the company. ICICI Bank has picked up six per cent in Andhra Cement fo