Cement News tagged: Corporate
China building firm surges on US$231m debut
Shares in China National Building Material Co. (CNBM) surged 18.2 per cent in their US$231m Hong Kong trading debut on Thursday, as investors clamoured to profit from China’s booming economy.
Results of tender to explore and develop
Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of Eurocement Group, IKA-
Saudi Arabian Cement posts higher profits
Saudi cement producer Arabian Cement Company (ACC) based in Jeddah posted a net profit of 330.9 mln Saudi riyals (US$88.2m) for 2005, up 306.4 mln riyals (US$81.7m) a year ago. The increase was supp
Kuwait Cement profit up almost double
Kuwait Cement said its 2005 profit jumped 95 per cent to KD37.7 million (US$129m), almost 77 per cent of it in ’unrealised profits’. The company said in a statement on the Kuwait bourse We
Holcim to hedge IDR4 trillion debts
PT Holcim Indonesia Tbk may apply the strategy of hedging on its IDR4 trillion foreign currency debt in April and Mat to prevent from foreign exchange losses. The company registered IDR247.192 billio
JP Morgan investing in Andhra Cements
Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd. The size of the equity has been pegged at Rs 24 crore and it would be invested through one of
Mysore Cements: Holcim link?
Shares in loss-making company Mysore Cements Ltd, India, have shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent spur
Govt yet to decide to buy back Cemex shares
The Indonesian government has yet to take a decision on the possibility of buying back Cemex Holding Asia Ltd shares in PT Semen Gresik following the Mexican company’s plan to sell its 25.5 perc
Cemex expects higher profit for 2006
Cemex, the world’s third-largest cement maker, expects to obtain profit of some US$800m in 2006, up 26 per cent year-on-year, the Mexican press reported on March 20, 2006. The operating profit
Tabuk Cement net profit up to US$41.3m
Saudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004. Sa
Sumitomo Osaka Cement looks for higher profit
Sumitomo Osaka Cement Co said Monday that it aims to boost its group net profit fivefold to Y10 billion for the fiscal year ending March 2009, partly through cost reduction and by making further advan
Maxit to build plant in Latvia
Maxit, a company of the German construction materials production group Heidelberg Cement, plans to build a new ceramsite panel production plant in Latvia. Ivi Anna Buce, board member of the Latvian s
Dyckerhoff results for FY 2005 approved
Buzzi Unicem subsidiary Dyckerhoff AG has reported improving sales in 2005. However, the development of the divisions varied. With Germany posting a decrease in sales, the Eastern European division, i
Semapa FY net up 76.7 per cent
Portuguese conglomerate Semapa SGPS, which controls local cement producer Secil, announced net profits of Euro 334m for 2005, a rise of 76.7 per cent from a year earlier. However, the company said t
Promising results from India Cement
The largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make profits
Yanbu Cement 2005 net profits up
Saudi cement producer Yanbu Cement Company (YCC) registered an increase in net profit to 453.6 mln Saudi riyals (US$120.9m) for 2005, up from 427.7 mln riyals (US$114m) for 2004. Sales rose slightly