Cement News tagged: Corporate
Ukrainian Balcem To Raise Share Capital
Ukrainian cement plant Balcem plans to raise its share capital by 4.94 mln Ukrainian hryvnias (US$981,000/) to 5.49 mln hryvnias ($1.1m) through the issue of 98.74 million ordinary
Bipadosa Sells Stake in Portugal Cimpor
Spanish company Bipadosa Distribucion y Transformacion has sold its entire direct stake in Portuguese cement producer Cimpor, Cimpor announced in a report to the Portugal’s national securities r
Raysut Cement’s rights proposal
Raysut Cement, Oman, will enter the capital market with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million.
ING Bank boosts stake in Cimpor
Dutch bank ING increased its stake in Portuguese cement producer Cimpor to 2.39 per cent of the company’s voting rights, Cimpor said in a report to the Portugal’s national securities
Florida Rock resignation
Florida Rock Industries, Inc. today announced the resignation of its distinguished board member, G. Kennedy Thompson, effective May 24, 2005. Mr. Thompson has served as a director of Florida Rock Indu
Cimpor 2004 net profit up
The 2004 profit of Portuguese cement producer Cimpor grew by Euro 72m to a total Euro 262.5m due to the introduction and application of the international accounting standards IAS/IFRS, the company ann
German-owned Bosnian plant
German-owned Bosnian cement producer Tvornica Cementa Kakanj (TCK) saw its net profit rising to 16 million marka (Euro 8.2m) last year, Bosnian business news website Bh Biznis
Taiwan Cement sees profit growth, eyes China
Taiwan Cement Corp. expects sales and profit to grow more than 15 to 20 percent in 2005 from 2004 and aims to become one of China’s top three cement makers in three years, chairman Leslie Koo sa
Gresik April cement sales 1.18Mt, down 0.5% YoY, Indonesia
Indonesia’s largest cement maker PT Semen Gresik’s cement sales in April dropped 0.5% YoY to 1.18Mt from 1.19Mt a year earlier, with exports down 44 per cenet at 110,633 tons, according to
Adani’s plan to take over Everest hits hurdle
The proposed takeover of Everest Industries (EIL), a subsidiary of ACC, by the Adani group has hit a roadblock. ACC is likely to appoint a merchant banker for selling EIL for greater transparency. So
Saudi Arabian Cement Co Q1
Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 69.1 mln Saudi riyals ($18.4m) for the first quarter of 2005, up from 60.2 mln riyals ($16.1m) in the
Adelaide Brighton expecting improvements
Cement producer Adelaide Brighton Ltd expects to improve on its 2004 result this year. "...Our performance is on track to meet our 2005 business plan targets and to deliver a further improvement upon
Egyptian Alexandria Cement Q1 2005
Egyptian cement producer Alexandria Cement registered a 511.5 per cent year-on-year surge in consolidated net profit to 14.8 mln Egyptian pounds ($2.6m) for the first quarter of 2005, it was reported
Cimpor Q1 2005 profits expected to rise
Portuguese investment bank Millennium bcp investimento (MBCPI) projected in a research note, dated May 17, 2005, the local cement company Cimpor - Cimentos de Portugal to post
Taiheiyo Cement year to March net profit down
Taiheiyo Cement Corp full year to March 2005 results: Revenue - 872.7 bln yen vs 879.5 bln. Operating profit - 48.2 bln yen vs 44.8 bln Current profit - 38.3 bln yen vs 35.1 bln. Net profit - 14.4 b
Brazil: CCC makes large profits
The Brazilian cement maker Camargo Correa Cimentos (CCC) has registered a net profit of R$62.7m in the Q1 2005, a boom of 328.47 per cent over the R$15.2m recorded in same period in 2004. The company