Cement News tagged: Corporate
Profit boom for RAK Cement, UAE
The ongoing construction boom in the UAE sent profits spiralling 205 per cent upwards at Ras Al Khaimah Cement to USD18.9m in the first nine months of the year. Cement companies in the UAE have benefi
Saudi producer results
According to local news reports, Saudi Southern Province Cement Company recorded SR 220.3m ($58.7m) net income in the first nine months of the current year compared with SR 203.3m ($54.2m) in the corr
Cemex completes cash tender offers
Cemex has completed cash tender offers for its 12.75% notes due 2006 and 9.625% notes due 2009, it announced.
Taiwan’s cement makers posted strong nine month results
Despite flat performance in shipment, Taiwan’s major cement producers witnessed their sales and earnings grow significantly in the first three quarters of this year.
Thai TPIP creditors to vote on debt plan Oct 28
Thailand’s number three cement maker, will meet on Oct. 28 to vote on the company’s new debt restructuring plan, a creditor source said on Friday.
More corporate activity likely
In a new report, analysts at JP Morgan expect further corporate activity in the cement and aggregate industries, reflecting both further consolidation in both industries and vertical integration betwe
Moody’s Reviews Mitsubishi Materials
Tokyo, October 14, 2004 -- Moody’s Investors Service today placed on review for possible upgrade the Ba1 long-term debt ratings of Mitsubishi Materials Corporation (Mitsubishi Materials). The re
Ghana and the IFC
Ghana is conspicuously missing from the scheme of activities of the International Finance Corporation (IFC), a member of the World Bank Group (notes a local news report). Since 2002, IFC, which deals
Dniprotsement Increases production
The Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) increased cement production by 55,000 tons or 42% to 186,000 tons during the third quarter of 2004, compared with the corresponding
Thai TPI Polene Q3 net profit down
TPI Polene PCL, Thailand’s third largest cement maker, said on Tuesday its third-quarter net profit fell 94 percent on the year due mainly to foreign exchange losses and a fall in domestic cemen
Cemex focuses on China and India
Barely two weeks have passed since Mexican cement company Cemex reported the it had just finalized the largest acquisition in its history which dates back to 1992, however, the firm’s expansion
Export synergies
The stock price of UltraTech CemCo, the de-merged company from L&T, has been on rise in the last few days on huge growth potential from export market and also its synergies with Grasim, which has cont
China Resources Cement raises stake in Guangxi
China Resources Cement Holdings Ltd said it will pay about 61.9m yuan (US$7.5m) for an effective 20.36 percent stake in its cement subsidiary in China’s southwestern province of Guangxi.
Holcim Espana appoints new directors
Spanish cement manufacturer Holcim Espana has appointed two new members to its board of directors, with the aim of strengthening the company’s management structure. The new members are: Claudio
Noteholders agree to Cemex debt buyback
Cemex said on Tuesday a majority of note holders agreed to its debt buyback offer for its 2009 notes and extended the consent date for its cash tender offer period on other debt due in 2006. Cemex la
Rohrdorfer Zement Buys Austrian producer
German cement producer Rohrdorfer Zement has bought the stake of Austrian Hatschek Group in local cement producer Gmundner Zement Produktions- und Handels GmbH for an undisclosed sum, it was reported