Cement News tagged: Corporate
Ciments Francais turnover up
Ciments Francais, a unit of Italian cement group Italcementi, generated a turnover of Euro 3.595bn in 2005, up 17.5 per cent year-on-year, the company said in a statement on February 3, 2006. The com
Saudi Eastern Province Cement Q3
Saudi cement producer Eastern Province Cement Company (EPC) posted a net profit of 74.6 mln Saudi riyals ($19.9m) in the third quarter of 2005, up from 62.8 mln riyals ($16.7m) in the year ago period.
Lafarge bids for remainder of Lafarge North America
Lafarge said it is launching an offer for the 46.8 per cent of shares held by minority shareholders in its Lafarge North America unit.
HeidelbergCement downgraded to ’sell’
Shares in HeidelbergCement AG have been downgraded to ’sell’ from ’reduce’ at Dresdner Kleinwort Wasserstein following a strong share price performance, dealers said.
Gloomy mood for Thailand
Political tensions in Thailand last week derailed a rally in which shares rose as much in January as they did during 2005. Analysts have said that the market is unlikely to get back on track until pro
Aveng expects earnings jump
Aveng, South Africa’s largest construction company, is expecting to report a 40% to 60 per cent jump in headline earnings a share next month for the six months ended December, compared with the same p
Holcim Croatia acquires quarries
The Croatian unit of Holcim Group said on Thursday it has fully acquired local gravel and sand quarry IGM Kamenolom Ocura from construction materials producer IGM Lepoglava for an undisclosed sum. "Wi
HeidelbergCement: turnover in Romania Up 22 per cent
The Romanian unit of German building materials and cement maker HeidelbergCement said on Thursday it registered a rise of more than 22 per cent in consolidated turnover to some Euro 194m last year fro
Adana Cimento plans investment this year
Adana Cimento, Turkey announced that it plans to undertake TRY 9.6m investment this year. In 2006, the company projects 2.2Mt of clinker and 2.6Mt of cement production. According to the statement rele
OCL profits climb higher
The OCL India Ltd, engaged in production and marketing of cement and sponge iron has recorded an increase of 17 per cent in its turnover at Rs 461.78 crore and a net profit of Rs 26.23 crore which was
Chettinad Cement board to consider amalgamation proposal
Chettinad Cement Corporation Ltd., has informed the Mumbai stock exchange that a meeting of the board of directors of the company will be held on February 9, 2006, to consider the proposal for amalgam
CRH enjoys improving market conditions
CRH stocks continue to improve and gained 39 cent to €25.89. CRH was buoyed by strong fourth quarter figures from its US competitor Vulcan Materials, which was upbeat about its prospects in the curren
DG Khan Cement to get low-rate loan soon
DG Khan Cement, to help trimming its financial charges, has entered into an agreement with a consortium of lenders in the country for converting its foreign currency loan into rupee loan, as it is les
UAE National Cement cash dividend
The board of directors of UAE Dubai-based National Cement Company has recommended a 50 per cent cash dividend for 2005, it was reported on February 1, 2006. The board also proposed a one-for-one bonus
Cimpor surges as placing sparks consolidation talk
Shares in Portuguese cement company Cimpor surged to a nearly five-year high on Wednesday as the sale of about 4.5 per cent of its stock sparked speculation that stakeholdings may be being consolidate
Spohn Cement applies for tender call exemption
Turkish cement company Akcansa announced that Spohn Cement GmbH applied to the capital markets for an tender call exemption on Akcansa shares. The statement released by Akcansa also noted that Spohn C