Cement News tagged: Corporate
Sale of Ladik Cement halted
The 13th Department of the Council of State halted the execution of the resolution of the Saving Deposits and Insurance Fund (TMSF) which approved the Sale Commission’s decision regarding the sa
Cemex sees 1Q sales up 51 per cent
Cemex said it expects first quarter sales to rise 51 per cent. It said sales for the period will come in higher than $3.9bn. Cemex also said it expects EBITDA to be about US$800m for the first quarter
Cementir 2005 net profit at EUR109.4m
Italian cement group Cementir, a unit of local construction company Caltagirone, posted a net profit of EUR109.4m for 2005, a 62 per cent YoY increase.
No plan to raise Gujarat Ambuja open offer price, India
Holcim Ltd said Thursday that it has no plans to raise its open offer price of INR90.64 a share for Gujarat Ambuja Cements Ltd.
Court upholds ruling on Cemco tender
The Philippine Court of Appeals (CA) has junked the bid of Cemco Holdings to overturn an order of the Securities and Exchange Commission (SEC) to conduct a tender offer for the 45 million shares of pu
Hanson shares hit record on break-up, bid talk
Shares in Hanson Plc surged to an all-time high on Wednesday on market talk of a bid for the building materials supplier from France’s Lafarge, adding to rumours the firm might separate its US b
Saudi QCC Director General resigns
The management board of Saudi cement producer Qassim Cement Company (QCC) has accepted the resignation of the company’s director general, Khaled Saleh al-Mudaifar, the company said on March 12,
World Bank Supports urban service delivery in Karnataka
The World Bank has just approved a US$216m loan to finance the delivery of urban services in the state of Karnataka, India, through enhancing urban infrastructure, and improving the institutional and
EBRD to approve $10m credit for Garadagh
A US$10m credit for the second stage of reconstruction of Garadagh Cement, Azerbaijan, will be approved by the Council of Directors of the European Bank for Reconstruction and Development (EBRD) on 26
Chia Hsin earnings plunge
Chia Hsin Cement Greater China Holding is boosting its export business after earnings plunged 99.2 per cent last year. The Taiwanese-run cement manufacturer yesterday reported that net profit fell to
Torah Portland Cement’s net profit up fivefold
Egypt’s Torah Portland Cement made a net profit of 763 million Egyptian pounds (US$133m) in 2005, five times more than in 2004, the company said in results published on Tuesday. Net profits in
CRH abandons bid to sit on Uniland board
CRH, the Irish construction materials group, gave up its bid to secure three seats on the board of Spanish cement company Corporacion Uniland yesterday, claiming that it did not wish to collaborate wi
Saudi Qassim Cement books US$75.1m profits
Saudi cement producer Qassim Cement Company (QCC) posted a net profit of 281.5 mln Saudi riyals (US$75.1m) for 2005, up from 246.6 mln riyals (US$65.6m) a year ago. QCC’s total assets stood at
Lafarge manoeuvres may prove costly
Lafarge SA will have to pay at least US$85 per share if it is serious about acquiring the rest of its North American subsidiary Lafarge North America Inc. (LNA), say sources. A week ago, LNA asked it
Kashash Cement: board of directors selected
According to “Tehran Times”, the board of directors of Khash Cement Company have been selected in a meeting at the Venus Hotel. Representatives from Fars & Khuzestan Cement Co., Oil Pension Fund, Bojn
Saudi Yamama Cement posts higher profits
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 500.9 mln Saudi riyals (US$133.6m) for 2005, down from 542.2 mln riyals (US$144.6m) for 2004. The 2004 profit included