Cement News tagged: Corporate
Saudi Yanbu Cement Q3 2005 net profit
Saudi cement producer Yanbu Cement Company (YCC) registered a slight decrease in net profit to 122.8 mln Saudi riyals ($32.7m) for the third quarter of 2005, down from 123.3 mln
Southern Cement profits up
Southern Cement, Saudi Arabia’s largest listed cement firm reported net profits of SR615 million ($164m) today, up 12.7 per cent from the previous year Southern cement’s net profit
Siam Cement Group prepares for change
This year will be another milestone for SCC as members of the existing top management transfer control to a new generation of executives, the Bangkok Post reports. Six top executives, including pres
Siam City’s 4Q-05 earnings disappoint
As rising energy costs pressured the profitability of cement producers in 2005, Siam City Cement (SCCC) raised its selling price by around 6.5 per cent to be Bt1650 per tonne in November. However, SCC
Holcim Romania investments
Holcim Romania projects Euro 160m worth of investment until 2008, the Ziarul Financiar newspaper reports on Tuesday. The upgrading of technologies and environment protection are in focus. The Holcim
Shree Cement net up 70 per cent
Shree Cement reported a 70 per cent increase in its net profits for the quarter ended December 31, 2005, at Rs 27.95 crore from Rs 16.49 crore in the same period last year.
Adana Cimento suspends talks with Oyak
Cement company Adana Cimento said that it suspended talks with Oyak regarding the sale of its shares in Oysa Cimento. In November, Adana Cimento announced that it would sell
Anglo American to divest of Tarmac?
In its strategic review published last autumn, the large international mining group Anglo American took a close look at its non-mining interests and decided to sell its stake in Highveld Steel and to
Conch unveils non-tradable-share reform plan
Anhui Conch Cement Co said its parent is offering holders of its A shares a total of CNY180m (US$22.3m) to compensate them for allowing the listed company’s non-tradable
Sh1.6bn East African Portland tender cancelled, Kenya
The Government has cancelled a Sh1.6bn East African Portland Cement Company (EAPCC) tender citing "serious flaws" in the tendering process.
Cemmac Merges with Cemus, Slovakia
Cement producer Cemmac, a.s. Horne Srnie has merged with trade company Cemus, s.r.o. Horne Srnie. Both companies’ general shareholder meetings blessed the merger that came
Spinnaker to acquire 45.23% in Sanghi Industries, India
The British Virgin Islands-based investment fund Spinnaker Global Opportunity Fund Ltd along with two other Spinnaker funds has decided to make an open offer to the
Holcim Cement posts robust growth, Vietnam
Holcim Cement Company recently reported it produced 2.7Mt of cement last year, an increase of 17 per cent over 2004.
More Cement Companies added to cartel investigation
HeidelbergCement, Schwenk and Holcim have been added to a cartel case involving the cement industry, according to Financial Times Deutschland, citing a Duesseldorf court
Anhui Conch shares suspend on share reform plan
Trading in shares of A and H shares of Anhui Conch Cement Co. Ltd were suspended on Monday pending a statement in relation to a proposal on share segregation, the company
Funds to buy into Saurashtra Cement
Asian Debt Management (ADM), the UK-based Toro Managers and Brescon Advisory will buy up to 23 per cent equity in the Mehta group-promoted Saurashtra Cement (SCL) for Rs 105 crore. "Through a preferen