Cement News tagged under: United Cement Group

RSS feed

United Cement Group privatises Qizilqum Cement

05 January 2022, Published under Cement News

United Cement Group is privatising Qizilqumcement JSC, according to the investment company UzAssets, which operates under the State Assets Management Agency of Uzbekistan. UzAssets reached an agreement on the sale of a 86.92 per cent stake held by the Uzbek state to United Cement Group through United Cement Group plc for UZS1.89trn. The cost of the transaction significantly exceeds the level of recent similar transactions in the industry, UzAssets notes. United Cement Group undertook obli...

Saudi Cement buys 37% share of United Cement

17 August 2021, Published under Cement News

Saudi Cement Co has acquired a 37 per cent stake in United Cement Industrial Co (UCIC) for SAR28m (US$330,426), as announced in Saudi Cement’s 2Q21 company report. Accordingly, Saudi Cement increased its stake in the subsidiary from 63 to 100 per cent. The company purchased items of property and equipment for SAR24.94m in the 1H21, while additions to capital work in progress amounted to SAR9.35m. UCIC, which was established in 2013, operates a 2Mta integrated cement plant ...

Chinese producers report declines in net profit

19 March 2013, Published under Cement News

Three China-based cement producers have reported declines in net profit and operating revenue for 2012. China Shanshui Cement reported a 31.8 per cent decline in net profit to CNY1.52bn during the year. Operating profit slid 4.2 per cent YoY to CNY16.16bn, with basic earnings per share of CNY0.54. United Cement Group Corp, a centrally government-run cement company, saw a 65 per cent drop in net profit for 2012 to HK$26.83m while operating revenue was down three per cent YoY to HK$705m....

Control of Bekabadcement transferred, Uzbekistan

06 July 2012, Published under Cement News

Control over producer Bekabadcement has been transferred from industrial holding United Cement Group (UCG) to the Uzbek State Committee for State Property Management, a regional media report. "The Supervisory Board of Bekabadcement has decided to include in the register of shareholders of Uzbekistan State Property Committee, which holds 51.53 per cent stake," the report said. The reason for this decision was the ruling of Tashkent Province Court for Criminal Cases. In Janua...