Cement News tagged: Corporate
Cemex’s Third Quarter 2005 sales increase
Cemex has just announced that consolidated net sales in the third quarter of 2005 grew 110 per cent to US$4.3bn compared to the same quarter of 2004. This increase is primarily a result of the effect
SG suggests a sell on Lafarge
Brokerage SG said on Friday it had reduced its rating on Lafarge , the world’s largest cement producer, to "sell" from "hold", partly due to rising costs at the company. SG also cut
Chia Hsin Cement Jan-Sept net falls
Chia Hsin Cement Greater China Holding Corp said its net profit for the nine months to September fell 96.5 pct to US$457,000 year-on-year, even though its turnover rose 4.6 pct to US$64.19m. The group
Saurashtra Cement announces resignation of director
The Bombay Stock Exchange Limited (BSE) has announced that Saurashtra Cement Ltd., has informed BSE that Mr. Stephen Potter, nominee director of Industrialization Fund for
Lafarge: profit forecast ’challenging’
Lafarge raised doubts over whether it could meet its recently lowered profit forecast on Thursday, sending its shares down despite stronger-than-forecast nine-month sales.
Taiwan’s China Synthetic buys Taiwan Cement shares
China Synthetic Rubber Corp (2104.TW) said it bought a cumulative 16.30 mln shares in Taiwan Cement Corp at an average price of 19.34 twd per share during Sept 14-Oct 19. The
Gujarat Ambuja Q1 net lags forecast
India’s third-largest cement maker, Gujarat Ambuja Cements Ltd. reported a 7 per cent rise in quarterly profit on Wednesday, below street expectations as floods in its key market hit sales. With
Cimsa opts for capital increase
Cimsa announced that its subsidiary Ercim Cimento, based in northern Cyprus, decided to increase its capital to TRY 1.4m from the previous TRY 7,000.
Eastern Province Cement profile
EPCC is one of the leading cement producers in Saudi Arabia and one of the largest manufacturers of Ordinary Portland and Sulphate Resisting Portland Clinker and Cement in the Kingdom of Saudi Arabia
Bangkok Bank supports northern building trades
Bangkok Bank in association with Siam Cement Group is supporting the local building trade in northern Thailand at this year’s Cementhai Home Mart Fair 2005 held at the Chiang Mai University Conv
Akmenes Cementas results
Nine-month sales of Akmenes Cementas up almost 13 per cent. Sales of Akmenes Cementas reached 90.8 million litas (Euro 26.3m) in the first nine months of 2005, a 12.9 per cent increase year-on-year.
Saudi Eastern Province Cement Co Moves HQ
Saudi cement producer Eastern Province Cement Company (EPC) has moved its headquarters in Dammam, in eastern Saudi Arabia, to a new building, local media reported in early October 2005. The new build
Turkerler acquires cement plant for $158.5m
The Turkerler Construction Company has submitted the highest bid of US$158.5m to buy Sanlıurfa Cement plant, formerly owned by the Uzan familiy, Cihan news agency reports.
India Cements raises $100m
India Cements Ltd on Friday said it has raised US$100m (about Rs 450 crore) by issuing about 2.3 crore global depository shares (GDSs). The GDSs, each representing two underlying equity shares of Rs
Cemex continues to prosper
Cemex could have tripled its net profits in the third quarter of this year thanks to its acquisition of British firm RMC and gains from exchange rate fluctuations, according to Mexican newspaper La Re
Votorantim restructures cement business
Votorantim, the Brazilian industrial group, is restructuring Votorantim Cimentos (VC), its cement business. The group has appointed the engineer Walter Schalka as the new chairman of its cement divisi