Cement News tagged: Corporate
Madras Cement net up
Madras Cements has posted a 43.8 per cent jump in net profit, at Rs 18.8 crore for the quarter ended September 30, ’05, compared with Rs 13.1 crore in the corresponding period last year. Topline
Vulcan Materials Reports Record Third Quarter
Vulcan Materials Company, United States, today announced record net sales of US$749m and record net earnings of US$122m, or US$1.17 per diluted share in the third quarter. These amounts represent a 15
JP Morgan to take 25 per cent in Binani Cement
JP MORGAN will acquire 25 per cent stake in Binani Cement Ltd, India as part of a debt and equity arrangement worth Rs 250 crore. The transaction will enable Binani Cement double its cement capacit
GCC reports record results
Grupo Cementos de Chihuahua (GCC) now a leading cement producer in its markets in Mexico, United States and Bolivia, today announced its consolidated results for the quarterly period ended September 3
Peru’s Cementos Lima 3Q
Higher operating costs reduced Cementos Lima SA’s third-quarter net income to 21.7 million soles ($6.4m) compared with PEN21.9 million ($6.5m) in the same quarter last year, it announced Wednesd
Anhui Conch seeks more loans
Anhui Conch Cement Co Ltd, China’s largest cement producer, is seeking a three-year loan of 350 mln yuan (approx US$44m) to help fund a heat-conversion project that could help it save up to 5
Sabanci cement group plans more investments
Erhan Kamisli, head of Sabanci Holding cement group, said that they planned US$600m investment in 2005-2008 period, including US$316m worth of cement plant purchases. Sabanci’ Cimsa and Akcansa recent
Pushka ends Baturina chair function
The shareholders of the Kramatorsk-based cement plant Pushka (Donetsk region) at their October 18 meeting, have relieved Olena Baturina from the post of chairwoman of supervisory board. Baturina is a
Siam Cement Q3 profit down but beats forecast
Siam Cement PCL, Thailand’s top industrial conglomerate, posted a 30 per cent fall in third-quarter profit as high oil prices squeezed petrochemical spreads and cement margins, but the result be
Raysut Cement net profit up
Oman’s cement producer Raysut Cement increased its net profit by 29.2 per cent year-on-year to 7.04 mln Omani rials (US$18.29m) in the first nine months of 2005, it was reported on
Gujurat Ambuja to extend deal with Holcim
Leveraging on its existing US$800m tie-up with Holcim, Gujarat Ambuja Cement (GACL) plans to extend its relationship with holcim in the Middle East. The company is in talks with Holcim for an exclusiv
Eurocement Group Ukraine advances
Ukrainian plants of the Eurocement Group produced 2.1Mt of cement in 9M2005, up 11.6 per cent Y/Y. Balcem (Kharkov region, Balakleya) manufactured over 1.6Mt, an increase of 12 per cent Y/Y. The Kra
Holcim Romania targets 10 per cent rise
Holcim Romania, targets its 2005 turnover to go up by 10 per cent year-on-year, the company’s general director Markus Wirth said on October 24, 2005. The turnover for 2004 increased by 30 per c
New cement plant for Saudi Arabia
Al-Jazira Cement, a new cement company with a capital of 1.2 bln Saudi riyals (US$320m), will start operations in Saudi Arabia, local media reported on October 22, 2005. The company will be headquar
Creditors opt to buy TPI Polene stake
Creditors of Thai Petrochemical Industry Plc (TPI) have decided to acquire the 249-million share block of cement producer TPI Polene Plc for 41.20 baht per share after receiving a much lower bid at an
UltraTech Cement posts profit in Q2
ULTRATECH Cement India has reported a net profit of Rs 8 lakh for the second quarter ended September 30. The company had reported a net loss of Rs 2.29 crore during the corresponding year-ago period.