Cement News tagged under: corporate
TXI declares quarterly dividend19 April 2010, Published under Cement NewsTXI declared a cash dividend of US$0.75 per common share payable May 28, 2010 to shareholders of record May 7, 2010. TXI is the largest cement producer in Texas and a major producer in California. |
Southern Province Cement quarterly net drops, Saudi Arabia19 April 2010, Published under Cement NewsSouthern Province Cement Co said first quarter profit dropped five per cent because of the government’s imposed export ban, and a drop in sales. Net income fell to SAR189.6m from SAR200.2m in the year-earlier period, the cement maker said in a statement on the Saudi bourse website said. |
Indian producers may see a 20% rise in March quarter net19 April 2010, Published under Cement NewsRobust sales and a sharp spike in prices could see Indian producers posting at least a 20 per cent higher profits for the quarter ended March 2010, compared to the December quarter. Shree Cement chairman and managing director, H Bangur, said the expected better show in the March quarter could be attributed to healthy demand in the past six months due to a revival in the housing sector and the government’s increased focus on infrastructure. “Our estimates suggest that the domestic companies... |
Italcementi elects new BoD, confirms chairman, CEO19 April 2010, Published under Cement NewsThe annual shareholders meeting of Italcementi elected on Friday the board of directors for the three years to 2012. The shareholders’ also re-elected Carlo Pesenti chief executive officer (CEO), as well as board members Pierfranco Barabani, Alberto Bombassei, Alberto Clo, Federico Falck, Pietro Ferrero, Danilo Gambirasi, Italo Lucchini, Sebastiano Mazzoleni, Yves Rene Nanot, Marco Piccinini, Ettore Rossi, Attilio Rota, Carlo Secchi and Emilio Zanetti. The board’s newcomers are Elena Zambo... |
Lafarge shares up on pre-announcement talk –traders19 April 2010, Published under Cement NewsShares in Lafarge gained three per cent in a flat market on Friday as traders cited market talk the company could make a pre-announcement on its quarterly results. "There is talk the group could have a pre-announcement soon," a Paris-based trader said. Volume on the stock was brisk, representing 56 percent of the stock’s 90-day average daily volume by 0951 GMT, compared with 40 percent for France’s CAC 40. Lafarge’s first-quarter results are due on May 5. |
China Shuangji announces 2009 results19 April 2010, Published under Cement NewsChina Shuangji Cement, a leading producer in the Shandong and Hainan provinces of China, announced its financial results for the fiscal year ended December 31 2009. Total revenue declined slightly to US$54m from US$56.4m in fiscal 2008. Gross profit was down to US$7.3m from US$7.7m YoY. Operating expenses fell by 1.4% to US$1.27m, down from US$1.29m in fiscal 2008. Mr. Wenji Song, chairman and president of China Shuangji Cement, Ltd., commented, “Despite a challenging economic environment ... |
Cemengal establishes Brazil presence?19 April 2010, Published under Cement NewsSpanish EPC contractor, Cemengal has opened a new office in Sao Paolo, Brazil. “We decided to open the Latin American Branch at the end of 2009... to be close to the demand of these growing countries, and offer a full range of solutions and after-sales service,” said Mr. Graziano Messana, manager of the Sao Paulo office. Cemengal has more than 25 years of history and is headquartered in Madrid, Spain. |
Atlansider completes sale of stake in Cimpor19 April 2010, Published under Cement NewsPortuguese steel and metals company Atlansider SGPS SA completed the sale of its 6.46 per cent shareholding in Cimpor to Brazilian conglomerate Camargo Correa. The shares were sold for EUR6.50/share, Cimpor said in a filing with the Portugal’s bourse regulator CMVM yesterday. Altogether Camargo Correa will pay some EUR280m to a acquire 3.4 million shares in Cimpor. As a result of the sale, Atlansider and its subsidiaries Bipadosa, Metalurgica Galaica and LAF98 only hold 1130 shares in Ci... |
Stake in Mangalam to be sold19 April 2010, Published under Cement NewsInsurance major Birla Sun Life Insurance Company has sold a 0.57 per cent stake in Mangalam cement for an aggregated amount of INR31.02m. Mangalam Cement is part of the BK Birla Group of India. Birla Sun Life Insurance Company (BSLI) is a joint venture (JV) between the Aditya Birla Group and Sun Life Financial Inc, a leading financial services organisation from Canada. |
Cemex extends earlier period offers19 April 2010, Published under Cement NewsCemex has extended to April 23 the early tender date for four offers to exchange outstanding perpetual debentures for new US dollar- or euro-dominated senior secured notes. The original tender date was Friday afternoon. “The extension will allow certain investors, who have experienced delays in receiving the documents from their respective custodians, additional time to review the exchange documents and consider the exchange offers,” Cemex said in a release on early Monday. Cemex, which l... |