Cement News tagged: Corporate
Florida Rock 3Q profit rises 27 per cent
Florida Rock Industries Inc., provider of concrete and other materials for the construction industry, said Tuesday fiscal third-quarter profit increased 27 percent, as growth in nonresidential demand
Chinese bank loans $97m
The Industrial and Commercial Bank of China (ICBC) will provide a credit package worth US$97m to the Tay Ninh Cement Plant, according to the agreement signed July 24 between the ICBC and France’
JP Morgan to help finance Gresik acquisition
JP Morgan has agreed to provide a loan to the Rajawali Group to help finance its acquisition of 24.9 per cent stake of Cemex in state cement maker PT Semen Gresik, a report said. Cemex has agreed to s
Titan to invest in Albania
Titan Cement plans to start a US$200m cement and clinker factory construction in Albania, it was reported on July 24, 2006. The project will also be co-financed by the European Bank for Reconstructio
USG advances across the board
USG, which emerged out of its asbestos related bankruptcy proceedings last month, increased turnover by 23.5 per cent to US$3038m in the first six months of the year, with the trading profit jumping 8
Thai majors to reflect downturn
Siam Cement and its rival Siam City Cement are both likely to report a decline in second-quarter net profit due to high oil prices and a slowdown in construction projects, analysts say. "Cement sales
Guj Ambuja net surges on higher prices
More good news for the Indian cement sector as Gujarat Ambuja posted a more-than-double growth in its profitability for the quarter ended June 30. Riding on the back of higher prices, India’s f
Gujarat Ambuja cements update
Gujarat Ambuja Cements Ltd., has announced the following business outlook to the Mumbai stock exchange:
Buzzi Unicem raises cash
Buzzi Unicem raises Euro 17.3m by selling one million treasury shares shares to parent company Fimedi SpA. The shares, which were sold yesterday, had a book value of Euro 8.7m.
Italian-Thai warns of poor Q3
Italian-Thai Development, one of the country’s biggest construction company, said yesterday that it expected a second-quarter net profit similar to the previous quarter’s 197 million baht.
Titan Cement H1 pretax
Credit Suisse First Boston expects Greece’s Titan Cement to announce pretax profits of Euro 141m for the first half on sales of Euro 722m. Operating profits are seen at Euro 155m, the broker sai
Holcim launches A$260m August 2009 issue
Holcim Finance (Australia) Pty Ltd has launched a A$260m August 2009 issue. The notes are expected to price at between 35 and 38 basis points over the three year mid-swap/bank bill swap reference rat
Peru’s Cementos Lima 2Q Net rises
Cementos Lima SA posted second-quarter net income of 27.9 million soles (US$8.6m) compared with PEN20.8 million in the same quarter in the previous year, the company said Wednesday. Total revenues ro
EBRD still in discussions with Garadagh
The EBRD suspended the acquisition of a stake in the equity of Garadagh Cement and the head of the EBRD local office in Azerbaijan Raymond Conway informed Azer-Press that the activity related to inves
Government Orders Semen Gresik to Postpone EGM
The government has ordered PT Semen Gresik Tbk (SG) to postpone the extraordinary general meeting of shareholders (EGM) from the initial schedule of July 28 to wait for the conclusion of 24.9% shares
Rinker Q1 profit up 14 per cent, Australia
Australian building materials maker Rinker Group Ltd. said its quarterly profit rose 14 percent after it raised prices, but its shares fell nearly 4 percent after it forecast lower earnings than analy