Cement News tagged: Corporate
China Resources Cement Jan-Feb sales up
China Resources Cement Holdings Ltd saw sales of its core cement and concrete products grow in the first two months of this year, but the gross profit margin fell as raw material costs increased, the
Holcim GAC close deal
Gujarat Ambuja Cement (GACL) and Holcim on Thursday announced the completion of the financial closure of a Rs 3,540 crore transaction by which Holcim has taken a stake in Ambuja Cement India. "Holcim
Egyptian Assiut Cement 2004 Net Profit Soars
The net profit of Egyptian cement producer Assiut Cement soared to 286.2 mln Egyptian pounds ($49.4m) in 2004 from 28.92 mln pounds ($5.0m) in 2003. The surge in bottom-line profit followed a 40.1 pe
Saudi Eastern Province Cement Q1 2005 Profit
Saudi cement producer Eastern Province Cement Company (EPC) reported a 15 per cent year-on-year increase in its profit after Zakat to 65.5 mln Saudi riyals ($17.5m) for the first three months of 2005,
LIC to tender its stake in Holcim open offer for ACC
The Life Insurance Corporation (LIC) of India, the largest institutional shareholder in the Associated Cement Companies (ACC) Ltd has decided to tender a five per cent stake in the open offer of Holci
Peru’s Cementos Pacasmayo buys US Mica Mines
Peru’s Cementos Pacasmayo SAA said Wednesday its Atlanta-based subsidiary, Zemex Corp., has bought the Kings Mountain, N.C., mica operations of Oglebay Norton Specialty Minerals, Inc. Oglebay N
New management to inject cash into Essa Cement
The new management of Essa Cement in Pakistan has planned to inject fresh funds in the company and name it as Al-Abbas Cement, while the board of directors has also approved 200 per cent right share i
FCC buys Hanson ready-mix plants
The cement unit of Spanish builder FCC has bought 19 Spanish concrete plants from Britain’s Hanson Plc for more than 20 million euros the unit said on Tuesday. Cementos
Eagle Materials sees higher revenues
Eagle Materials Inc said Tuesday that it expects revenue for fiscal 2005 ended March 31 to be about $590m. In a document filed with the Securities and Exchange Commission, the construction product s
Holcim woos ACC investors
Holcim, has taken an aggressive approach to push through its open offer to the shareholders of the Associated Cements Ltd (ACC). DSP Merrill Lynch, merchant banker to the offer, has appointed agencies
Suez Cement net income up 84 per cent
The Suez Cement group, in which the Italcementi Group has a 54.2 per cent stake, increased net income by 84.3 per cent in 2004 to 394.3 million Egyptian pounds (US$68m), the company said yesterday. It
Sanghi out on bail
Indian cement baron Ravi Sanghi, arrested by the Directorate of Revenue Intelligence (DRI), was released on bail by the chief judicial magistrate’s court in Bhuj on Friday. The country’s
Eurocement Group releases operating results
Russian cement group, eurocement, which recently announced that it would take over the cement assets of Inteko, produced more than 1.1Mt of cement in Jan-Feb 2005, an
Black women’s alliance takes stake in quarrying group
National African Women’s Alliance (Nawa) has acquired a 26 per cent stake in aggregate quarrying company South Coast Stone Crushers for an undisclosed sum, effectively
Eagle Materials: new wallboard plant
Eagle Materials Inc. announced today that its subsidiary company, American Gypsum Company, plans to build a new high-speed, environmentally friendly gypsum wallboard plant near Georgetown, South Carol
Nuh Cimento Increases 2004 net profits
Turkish cement and clinker producer Nuh Cimento posted a net profit of 34.406 mln new Turkish lira ($25.6m) for 2004, up from 23.522 mln lira ($17.5m) for the previous year,