Cement News tagged: Corporate
Arabian Cement Company sales
The sales revenue of ACC for the year 2005 increased by 18.7 per cent to SR687.2m from SR578.8m in 2004. The cost of sales of SR338.7m, on the other hand, was higher by 7.5 per cent over the previous
Caixa triples Cimpor stake
State-owned savings bank Caixa Geral de Depositos bought 20 million shares of cement company Cimpor SA more than tripling its stake to 4.6 per cent. In a regulatory filing Cimpor said CGD bought 20
Semapa says starts 175 mln euro bond issue
Portuguese conglomerate Semapa has begun a 10-year, Euro 175m bond issue in a private placement, the company said on Friday. The issue was launched on Thursday, Semapa said in a statement. The issue
Limak, Sabanci interested in Elazig
According to the daily Dunya, Limak Group, Sabanci Group are interested in Oyak’s Elazig cement plant. This week, Oyak Group announced that it decided to sell the plant and informed 25 domestic and in
UltraTech Cement Q4 net rises
UltraTech Cement is to announce its Q4 and FY06 results. According to estimates, its Q4 net profit is expected to go up from Rs 4.94 crore to Rs 69.1 crore.UltraTech Cement is to announce its Q4 and F
Cementir shareholders approve 2005 figures
The shareholders’ meeting of Italian cement group Cementir approved on April 20, 2006 the group’s 2005 balance sheet and appointed its new board of directors. The shareholders decided on t
Siam Cement 1Q net down
Thailand’s Siam Cement is likely to report an on-year drop in its first-quarter earnings as high energy prices cut into profit, analysts said. However, the industrial conglomerate is expected to
GCC reports good 1Q results
Grupo Cementos de Chihuahua (GCC) net sales in the first quarter of 2006 increased 42.3 per cent to US$1212.4m pesos. This solid growth reflected higher sales in each of the company’s markets.
Holcim Philippines 2005 net profit dips
Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement.
Steppe Cement initiated with "buy"
Analysts at Alfa Bank in New York have initiated coverage of Steppe Cement, Kazakhstan with a "buy" rating. The 12-month target price is set to US$6. In a research note Alfa Bank analysts mention that
Cemex 1Q Results Seen Benefiting From RMC
Cemex is expected to post solid earnings growth in the first quarter, helped by last year’s acquisition of the RMC Group and a late Easter holiday, analysts said. Cemex, the world’s bigg
Romania’s Carpatcement optimistic
Romania’s Carpatcement Holding, an unit of German cement products company HeidelbergCement AG, Monday said it forecasts revenues up 10 per cent in 2006 based on a development of the cement market and
Ashaka Cement raises turnover
Ashaka Cement Nigeria scored high on its balance sheet with an increase of N3.2 billion turnover for the year ended December 31st 2005. According to the company’s audited results for the period, the t
Gujarat Ambuja Cement reports higher Q3 net profits
Gujarat Ambuja has recorded an increase of 108 per cent in net profit at Rs 2.98 billion (US$66m) for the third quarter ended March 31, 2006, as against Rs 1.43 billion for the same period in 2004-05.
CIMA still in talks with Vicat
UEM World Bhd said it is reluctant to give up control of its cement business to the Vicat Group, but it is still in talks with the French cement maker. UEM World’s 54 per cent subsidiary Cement
Private equity funds eye Mysore
Private equity funds and other financial investors are believed to have shown interest in buying a large stake in Mysore Cement (MCL), the Bangalore-based SK Birla group company, sending the company&r