Cement News tagged: Corporate
CIMA projects higher profit for this year, Malaysia
Cement Industries of Malaysia Bhd(CIMA) which registered a pre-tax profit of RM85.4m last year is projecting a higher profit for its financial year ending December 2008,
Holcim, Lafarge shares rise on merger rumours
Shares in Holcim and Lafarge rose strongly today as speculation swirled that the world’s two largest cement makers could merge. By 6:19 a.m. EDT, shares in Holcim had risen 6.2 per cent to 89.50
Brief slowdown in cement sector likely, India
Brokerage house Goldman Sachs is cautious in its outlook on the cement sector as it expects weakness in both demand for cement as well as cement prices. “We believe the industry is on the verge of a d
Peru’s Cementos Lima Says No Sale Talks With Cemex
Cementos Lima SA said Tuesday that a report published in a magazine that it was in talks to sell to Cemex was incorrect.
China National Materials boosts output after merger
Zhou Yucheng, CEO of China National Materials Company Limited, reveals that the company will complete merger and acquisition with Ningxia Jiancai to become the biggest cement producer in northern Chin
West China Cement pretax profit rises 57 per cent
West China Cement Ltd. said first-half pretax profit rose 57 per cent to CNY87.7m, while turnover rose 68 per cent to CNY338m due
Cement output at Aditya Birla group cos, ACC dips in Aug
Cement production at the Aditya Birla Group companies – Grasim Industries and UltraTech Cement – was down 8.87 per cent at 2.12Mt in August.
Holcim Raises Stake in Serbian Unit to 99.40%
Holcim said it has raised its stake in its Serbian unit to 99.40% after a takeover offer and will squeeze out the remaining minority shareholder
China cement producers upbeat on growth
Mainland cement companies are bullish about industry growth after reporting strong net profits for the first six months of the year.
Turkey’s Akcansa targets US$715m turnover in 2008
Turkish cement producer Akcansa is targeting revenue of over TRL850m (US$715m) in 2008, the general manager of the company Hakan Gurdal said on Tuesday.
Madras Cements to issue bonus shares, India
Cement manufacturer Madras Cements tosay said it will issue bonus shares to the existing shareholders in the ratio of 1:1 and has decided to opt for stock-split.
China National Building Materials net profit soars
Hong Kong-listed China National Building Material Co, Ltd (CNBM), one of China’s largest building material manufacturers, announced its net profit reached RMB545.6m
Saudi Arabian Cement Co 1H net profit up
Saudi cement producer Arabian Cement Company (ACC) registered a 5.2 per cent YoY increase in net profit to SAR205.6m (US$54.8m) in the first half of 2008.
PPC announces key executive appointments, South Africa
In line with its transformation philosophy and focus on the development and promotion of black talent from within,
Jidong Cement H1 revenue hiked 39.59% annually
Shenzhen-listed Tangshan Jidong Cement Co, Ltd reported CNY 2.232bn revenue for the first half of 2008, surging 39.59% YoY.
Russia’s RTM replaces CEO after stake sale
Russian real estate firm RTM said on Monday it was replacing General Director Eduard Vyrypayev after selling a large stake to new investors.