Cement News tagged: Corporate
Citi maintains view on Indian producers
Citigroup keeps ACC, Ambuja, Ultratech at Sell as it expects cement prices to continue falling due to
Anhui Chaodong Cement private placement, China
Anhui Chaodong Cement Co Ltd is planning to issue 40 million A shares of common stock at an inductive
Shree Cement registers 9% growth, India
Indian-based producer, Shree Cement, registered nine per cent growth in net sales in the first-quarter at
Lucky Cement profit rises by 26.59 per cent, Pakistan
Pakistan cement producer, Lucky Cement, on Monday reported a rise of 26.59 per cent in fiscal 2010/11
Ashaka net profit up 85%, Nigeria
Ashaka Cement Plc chairman, Brigadier Emmanuel Ikwue announced that the company made a profit before tax of N4.39bn (US$15.7m)
Arabian Cement: dividend payout at 10%
The board of directors of Arabian Cement has approved distributing cash dividend for the first half of the
JK Cement buys production assets of Nihon Nirman, India
JK Cement has acquired the production facilities of Nihon Nirman Ltd from IDBI
Lafarge says inflation, currencies to impact profit growth
Lafarge current operating profit declined to €702m (US$1bn) from €838m a year earlier, the Paris-based company said in a statement today. Analysts surveyed by Bloomberg had estimated €741m. Sales were
Profits increase at HeidelbergCement
Heidelberg Cement reported a 25% YoY increase in second-quarter net profit to €208m on revenues of €3.4bn, 3% higher than the same quarter in 2010.
HeidelbergCement expects further advances in spite of higher energy costs
HeidelbergCement’s first half turnover rose by 9.5% to €5996m, but the EBITDA improved by a more modest 4.6% to €904.3m as energy costs rose and the trading profit advanced by 5.7% to €501.2m.
Dyckerhoff group sales significantly increased in the 1H11
The positive volume trend of the 1Q11 for Dyckerhoff AG continued. Group sales increased by 21%. Group EBITDA improved by 46%. Depreciation and amortisation increased, and EBIT grew by €24m.
Quinn Group in call for GBP35m working capital
Quinn Group, the Northern Ireland-registered company encompassing cement, plastics, glass and radiators operating businesses, is seeking additional funds from banks and bondholders, writes Aine Coffey
Italcementi advances in India and Thailand
Italcementi’s first half turnover recovered by 2.1% to €2452m, but the running EBITDA declined by 15.4% to €372.1m. Trading profit fell by 24.2% to €158m, but a 60.6% reduction in financial char
Ciments Français: reducing estimates and price target
Jefferies International Limited (JIL) are lowering its price target from €73 to €72 and its EBITDA estimates for both 2011 and 2012 by 7%, mainly due to its more cautious assumptions for Egypt (31% 20
Digvijay Cement CEO resigns, India
Shree Digvijay Cement Company Ltd has said that the Board of Director, in their meeting held on July 28,
Semen Gresik profit rises 16%, Indonesia
PT Semen Gresik Thursday reported its first-half net profit rose about 16% to