Cement News tagged: Corporate
Portugal Cimpor 1H08 profit seen down 10.7%
Cimpor is seen to post a 10.7 per cent annual drop in the first-half of 2008 net profit to EUR117.6m, estimates of five analysts polled by Reuters and cited by Jornal de Negocios showed on August 25,
Holcim Indonesia seeks loan from IFC
Indonesia’s third largest cement maker PT Holcim Indonesia is seeking a loan from International Finance Corp (IFC) to finance construction of a new cement factory in Tuban, East Java.
Pakistan’s Lucky Cement year net profit up 5.1 per cent
Pakistan’s biggest cement maker, Lucky Cement, posted a better-than-expected 5.1 per cent rise in its full-year net profit on Thursday.
Portuguese Semapa 1H08 profit drops 22 per cent YoY
Portuguese industrial conglomerate Semapa closed the first half of 2008 with a net profit of EUR55.7m (US$82.7m), down 22 per cent YoY,
Adelaide Brighton says looking at Cemex Humex arm
Australian cement producer Adelaide Brighton Ltd Managing Director Mark Chellew said the group would look at the Humes concrete pipes business that Cemex is looking to sell.
Holcim: The Capital Group Has 5% Voting Rights Stake
Holcim Ltd said Wednesday that The Capital Group Cos., Inc. holds slightly more than 5% of its voting rights.
Adelaide Brighton cements boardroom changes
Adelaide Brighton Ltd has announced the retirement of director David Barro from its board, effective today.
Boral full-year profit falls 18.6 per cent on US housing slump
Boral Ltd’s full year net profit has dropped 18.6 per cent, dragged down by an earnings loss at its US business, which is likely to worsen this year on that country’s ongoing housing slump
Egypt’s Amreya Cement H1 net profit surges 83%
Egypt’s Amreya Cement posted a net profit of E£193.8m (US$36.4m) in the first half of 2008, a 83 per cent rise on the previous year, the stock exchange said on Thursday.
CRH appoints finance director designate
CRH plc, the international building materials group, announces the appointment of Mr. Glenn Culpepper as Group finance director designate.
TPI Polene plans THB6.9B provision in 3Q for fine
Thai producer TPI Polene plans to set aside a THB6.9bn (US$204m) loss provision in the third quarter for a fine stemming from a stock manipulation conviction
Cementos Argos sells COP70bn in one year notes
Colombia’s largest cement company, Cementos Argos SA , Wednesday sold COP70bn (US$38m) worth of commercial notes, said Bancolombia’s (CIB) investment bank, which handled the sale.
CMVM restarts investigation of Cimpor Purchase
Portugal’s stock market regulator CMVM decided to start again the investigation of the possible coordination between shareholders of local producer Cimpor from 2001
Misr Beni Suef Cement H1 net declines 0.8 per cent
Egypt’s Misr Beni Suef Cement posted an 0.8 percent decline in net profit in the first half of 2008 to E£150.5m (US$28.4m), the stock exchange said on Tuesday.
Cement giant Lafarge posts profits boost
Cement supplier Lafarge has posted an 18.5 per cent profits rise as cost-cutting and acquisitions cushioned the blow of construction market gloom.
Egypt’s Suez Cement H1 net profit jumps 28.8 per cent
Egypt’s Suez Cement SUCE.CA reported a 28.8 per cent rise in first-half net profit