Cement News tagged: Corporate
Grasim net falls but cement almost doubles
A downturn in Grasim Industries’ viscose staple fibre and sponge iron businesses has led to the company’s third quarter net profit for the current fiscal falling by 25.4 per cent. However,
Cemex’s profits increase again seen up on RMC acquisition
This week a Reuters survey of five analysts forecast, on average, a October-December net profit for Cemex of US$565m, up from US$334m a year earlier, in effect, increasing fourth-quarter net profit ab
Siam Cement reports 12 per cent fall
Siam Cement, Thailand’s largest industrial conglomerate, reported a 12 per cent drop in full year net profit Wednesday on the back of increased energy costs and a 35-day scheduled turnaround at
Siam Cement sees 2006 revenues rising
Thailand’s biggest industrial conglomerate, Siam Cement , said on Wednesday it expected revenues to rise 5 to 10 per cent this year, led by its petrochemical and cement businesses. The firm expe
Podilsky Cement gets approval for new quarries
Ukraine’s antitrust regulator AMCU gave green light to the Podilsky Cement plant to buy stakes of over 50 per cent in the Behivsky and Popilnyansky crushed stone quarries. Podilsky Cement techni
India Cements Q3 net up
India Cements Ltd has posted a net profit of Rs 7.22 crore on sales of 411.87 crore for the quarter ended December 31, 2005 compared to a loss of Rs 33.31 crore on sales of Rs 319.01
Anhui Conch improves share compensation
China’s Anhui Conch Cement Co said it is raising its compensation offer to public shareholders to 15 yuan in cash -- or 2.55 bonus shares -- per 10 tradable shares, in its plan to float its stat
PPC cements rise in headline earnings per share share
PPC, SA’s largest cement maker, expects a 40-60 per cent jump in interim headline earnings a share on the back of better-than-expected sales and a reduced tax bill. The company, which is
Holcim Croatia investment plans for 2006
The Croatian unit of Holcim says it plans to invest 37 million kuna (US$6.2m) this year, mainly in the modernisation of its production facilities. "A revamp of the factory in Koromocno is now underway
Javedan improves
Still awaiting the outcome of a recent court hearing regarding its privatisation and sale to the Haji Usman Ghani Group, Pakistani producer Javedan Cement reports that its financial condition is now i
India’s ACC Q3 net profit quadruples
Associated Cement Companies Ltd, India’s second-biggest cement maker, said on Tuesday its quarterly net profit nearly quadrupled, including a one-time gain, on surging prices and higher sales. A
China B-shares close mixed as investors take profits
B-shares in Shanghai and Shenzhen closed mixed with investors continuing to cash out after recent sharp gains, dealers said. The Shanghai B-share Index rose 0.37 points to
HeidelbergCement eyes higher profit in 2006
HeidelbergCement , the world’s fourth largest cement maker, aims to increase its profit and sales in 2006, its chief executive told the Frankfurter Allgemeine Zeitung, reaffirming
Siam Cement seen posting weak Q4 on shutdowns
Siam Cement(SCC) is set to report a 26 per cent fall in fourth quarter earnings on Wednesday due mainly to petrochemical plant maintenance shutdowns and high fuel costs.
Portugal Cimpor, Secil 2005 sales down
Sales of Portuguese cement producers Cimpor and Secil fell in 2005 for a third year in a row, registering declines of 3.3 per cent year-on-year, according to Portugal’s Finance Ministry data rep
Valderrivas secures loan for Lemona deal
Cementos Portland Valderrivas said on Wednesday that it had secured bank loans worth €250 million to finance its takeover bid for fellow cement manufacturer Cementos Lemona. It