Cement News tagged: Corporate
Raysut first-quarter net profit falls
Oman-based cement producer Raysut Cement Company reported net profit of OMR5m (US$13m) in
Binani Cement reports quarterly rise, to hive off power division
Indian producer, Binani Cement, reported a rise in standalone net profit for the quarter ended March 2011 to INR581.5m
Al-Rajhi Cement to issue bonds
Dubai-based Al-Rajhi Cement Holding said the company has issued JOD85m (US$119m) Islamic bonds for its unit in Jordan
Malaysia’s Tasek Corp reports 16% YoY rise
Malaysian cement producer, Tasek Corp has reported a 16% YoY rise in 1Q11 net profit at MYR23.4m (US$7.8m)
Sinoma Science & Technology profit falls, China
Sinoma Science & Technology reported a 28.37 per cent YoY decrease in net profit to CNY26.31m in the first quarter of 2011,
Binani recommends 25% dividend
Binani Cement Ltd at its meeting of the board of directors held on April 22 has recommended dividend of 25%
Shiva Cement FY2010-11 dispatches up 7.2%
Shiva Cement Ltd has informed Bombay Stock Exchange that the dispatch of cement and clinker during the
Gresik forecasts 15% net profit in 2011, extends capacity
Indonesian cement producer PT Semen Gresik estimates its net profit will reach IDR882bn (US$102.3m)...
Holcim Philippines forecasts slower growth, may increase prices
Holcim Philippines expects cement sales volumes to grow at a slower pace of 3-5% this year amid...
Calcestuzzi to be re-consolidated
With a ruling dated April 20, 2011, the court of Caltanissetta revoked in full the preventive seizure on Calcestruzzi S.p.A., and ordered the return
HeidelbergCement Ukraine appoints Elito to board
The shareholders of HeidelbergCement Ukraine (Dnipropetrovsk region), one of the largest producers of cement in Ukraine, removed William Gilmar...
JPMorgan Cazenove launches coverage, positive on sector
JPMorgan Cazenove has initiated coverage of stocks in the European building material sector, rating CRH (CRH), Holcim (HOLN.VX) and Saint-Gobain (SGO.FR) as...
Goldman Sachs raises ratings for majors, recovery more certain
Goldman Sachs has raised Holcim (HOLN.VX) target to CHF81.70 from CHF72.40 on the assumption that global construction output has probably bottomed out...
Lafarge puts gypsum division up for sale
Lafarge Group has launched the sale of its gypsum business...
India: record profit for Malabar Cements
Publicly-owned Malabar Cements Limited has made record profit of INR51.23 crore (US$11.57m) during the financial year 2010-11 as against INR30.31 crore (US$6.84m) last year.
Brazil’s BRC to file for public company registration
Brazilian cement project BRC Cimentos plans to file for a public company registration in the next 30 days, Chairman Felício Rosa Valarelli Jr said Wednesday.