Cement News tagged: Corporate
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.
BASF completes acquisition of Degussa’s construction chemicals business
The acquisition of Degussa AG’s construction chemicals business by BASF Aktiengesellschaft was completed on July 1. The purchase price for equity is just under €2.2 billion. As a result, the transacti
SG Eyes IDR8 trillion revenue
Amid the slower cement market on the first half of the year, PT Semen Gresik Tbk (SG) set the sales growth target of 6.24% to IDR8 trillion from IDR7.53 trillion last year.
South Korea begins selling stake in Ssangyong Cement
Creditors of South Korea’s Ssangyong Cement have started the sale process of a 46 percent stake in the cement maker, officials at its creditors said.
Cementos Molins net profit increase, Spain
Spain’s Cementos Molins plans to increase to EUR100m its net profit in 2006, compared to EUR84.1m registered in 2005.