Cement News tagged: Corporate
India Cements posts record net profit
India Cements Ltd has posted a net profit of Rs 112.59 crore for the quarter ended June 30, 2006, which figure, it says, "far exceeds even the highest ever annual profit registered by the company at R
Tanzania Portland shares likely to be oversubscribed
Shares of the Tanzania Portland Cement Company (TPCC), which were recently floated to the public, are likely to be oversubscribed, it was learnt in Dar es Salaam yesterday.
HeidelbergCement CEO Scheifele says co will continue eastward expansion
HeidelbergCement AG chief executive Bernd Scheifele told Handelsblatt his company intends to continue its aggressive expansion strategy in Eastern Europe and the former Soviet Union.
Bacnotan H1 net profit PHP111m, Philippines
Bacnotan Consolidated Industries said in a statement to the stock exchange that it posted net profit of PHP111m for the six months to June.
Anhui Conch to buy cement assets from parent
Anhui Conch Cement Co, China’s largest cement producer by output, plans to buy cement-related assets from its parent, the Wall Street Journal reported, citing people familiar with the situation.
Texas Industries boosted by land sales, US
Turnover in the year to the 31st of May rose by 13.1 per cent to US$943.9m and the trading profit jumped by 38.1 per cent to US$88.3m, thanks to a US$12.4m gain on property disposals, without which th
Lafarge to issue Euro bonds, France
Lafarge SA will launch a US$1.5bn (EUR1.18bn) bond issue in the USA, it was reported on July 12, 2006.
Expectations of impressive SCC’s 2Q06 earnings, Thailand
Siam Cement (SCC) is expected to announce net profit of around Bt8,381mn (EPS of Bt6.98) down 12% qoq and 4% yoy. SCC will announce their 2Q06 earnings results on July 26.
India’s Petron wins Yemen contract
India’s Petron Engineering Construction Ltd. said on Monday it had signed a contract worth US$13.4m with Yemen’s National Cement Company for its participation in building a cement plant in
Spotlight on India Cements
When Mr N Srinivasan took over as vice chairman and managing director of India Cements Ltd. in 1989, the company had an annual production capacity of 1.6Mt and sales of 1.30 billion rupees (US$28.3m).
Siam Cement to invest more over the next five years, Thailand
The president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years.
Arabian Cement H1 profits up
The Arabian Cement Company made a net profit of US$51.2m in H1, an increase of 15.9 per cent on the same period last year, reported Arab News
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