Cement News tagged: Corporate
ACC shareholders approve merger of Tarmac India
Associated Cement Companies Ltd (ACC) today said it has approved the merger of Tarmac India Ltd with itself. The equity shareholders of the company at their court convened meeting held yesterday appr
EBRD considering Garadagh stake
Terms of consideration of the issue of shareholding of the Bank in OJSC Garadagh Cement have been extended according to EBRD spokesman Raymond Conway in Baku. "The Board of Directors will consider thi
Lafarge Romania reports higher profits
Lafarge Cement Romania, the local subsidiary of the French group Lafarge, reported a profit of approximately Euro 55m last year. The 2005 turnover recorded by Lafarge Cement stood at some Euro 175m,
Tangshan Jidong Cement sees H1 net profit up
Tangshan Jidong Cement Co Ltd said that it expects net profit for the first half to rise over 50 per cent year-on-year, on higher sales and cost cutting. The company’s net profit in the first ha
Tongyang Major sells stake in subsidiary
Tongyang Major Corp., a flagship company of the long-established cement manufacturer Tongyang Group, said Monday it has sold a stake in its subsidiary to a US-based investment fund for 225 billion won
China’s Tangshan Jidong Cement sees H1 net profit up
Tangshan Jidong Cement Co Ltd said that it expects net profit for the first half to rise over 50 pe cent YoY, on higher sales and cost cutting. The company’s net profit in the first half of 20
Citigroup Global acquires shares of Mangalam Cement
Citibank, N.A. has informed the Exchange that Citigroup Global Mkts (Mauritius) Private Ltd. has acquired 55,106 shares aggregating to 0.20 per cent of the total paid up capital of Mangalam Cement Lim
Taiwan’s Asia Cement mulls listing China ops in Hong Kong
Asia Cement Corp is considering to list its China operations in Hong Kong next year, the Economic Daily News quoted company chairman Douglas Hsu as saying. The company expects to more than triple its
Binani to restructure demerged cement, India
Faced with BSE’s refusal to list shares of Binani Zinc, the Kolkata-based Binani group has decided to offer shares of Binani Cement Ltd (BCL) and Binani Zinc Ltd (BZL) to the shareholders of Bin
OCI posts 54% growth in first quarter consolidated earnings, Egypt
Orascom Construction Industries announced consolidated revenue of EGP 3,286.2m with EBITDA of EGP 945m and net income of EGP 525m for the first quarter ended 31 March 2006.
Saudi Qassim Cement Co Appoints Al-Amr Director General
Saudi cement producer Qassim Cement Company (QCC) has appointed Amr bin Abdullah Ibrahim al-Amr director general, effective June 3, 2006, the company said
Siam Cement wants growth as energy costs bite, Thailand
High energy costs are hurting Siam Cement, its chief financial officer said on Monday. High oil prices, coupled with a 10 per cent increase in electricity costs, were likely to depress Siam Cement&rs
Conch and Prosperity Cement buy into Anhui Chaodong, China
Anhui Chaodong Cement Group, has signed an agreement to sell a 40 per cent stake in the listed company to Wealcity (Prosperity minerals) and a 19.69 per cent stake to Anhui Conch Cement Co Ltd. Accord
Goldman Sachs builds up stake in Italcementi, Italy
Italy’s stock market regulator, Consob, has revealed that US group Goldman Sachs Asset Management has increased its stake in Italian cement and concrete producer Italcementi.
Holcim Romania opens 15th batching plant
Holcim Romania has recently launched its 15th concrete station in the country in the southern city of Campulung, the company said on June 2, 2006.
Yanbu Cement to raise output, Saudi Arabia
Saudi Yanbu Cement plans to raise its annual output by 75 per cent to 7Mta by next year, official and company sources said. he trade and industry ministry has authorised the firm to build a fifth prod