Cement News tagged: Corporate
The China effect
Shares of Asia Cement (China) Holdings were up 44% at the midday break on their Hong Kong debut Tuesday, boosted by strong demand for cement to be used in reconstruction after last week’s eart
India heads for more consolidation
After a flurry of mergers and acquisitions – CRH acquiring My Home Industries for $462 million, Lafarge buying L&T Concrete’s RMC business for $349 million and Heidelberg consolidating its business
Asia Cement share sale pays dividends
Shares of Asia Cement (China) Holdings were up 44% at the midday break on their Hong Kong debut Tuesday, boosted by strong demand for cement to be used in reconstruction after last week’s eart
Egyptian producer financials
Egypt’s South Valley Cement reported a 16.3 per cent decline in first-quarter net profit to 46.5 million Egyptian pounds ($8.7 million), the stock exchange said on Sunday. The company made a net
UK producers take the strain
Recent financials by UK cement majors, Holcim, Lafarge and Heidelberg indicate signs of weakening sales in the UK. Heidelberg,
Dontsement to merge with Kryvyi Rih Cement
Ukrainian News reports that Kryvyi Rih Cement is intending to merge Dontsement and Cement of Donbas in Donetsk region. In December
Lafarge Malaysia appoints new president, CEO
Lafarge Malayan Cement Bhd has appointed Bi Yong Chungunco as its president and chief executive officer with effect from May 5, 2008.
India: cement stocks fall 4% -16% following export ban
The export ban on cement in India has led to a fall in prices, hitting the industry hard. This has also led to a free-fall in prices of cement stocks
Asia Cement China Raises US$238m in HK IPO
Asia Cement (China) Holdings has raised US$238 million in a Hong Kong initial public offering
Birla Corporation has reported a 14.46 per cent dip in net profit
Birla Corporation has reported a 14.46 per cent dip in net profit in the quarter ended March 2008 to
Prosperity Minerals issue of Notes with Warrants
Prosperity which operates a cement manufacturing business in the People’s Republic of China and an iron ore business serving the same market
Vulcan Announces first quarter results
Vulcan Materials Company announced first quarter net sales were US$772m compared to US$630m in the first quarter of 2007.
Taiwan Cement Group sees earnings shrink in Q1
The rising prices of crude oil and coal have driven down operating gross profit margins for Taiwan Cement Group’s
Allen to become new CFO for TXI
Ken Allen has been named vice president of finance and chief financial officer of Texas Industries, Inc, effective August 1.
Portugal BPI to revise projections on Semapa after 1Q08 results
Portuguese investment bank BPI will reconsider its estimates and expectations about local construction group Semapa, after the presentation of the first quarter 2008 earnings results,
Egypt’s South Valley Cement to give free shares
Shareholders of Egypt’s South Valley Cement approved a two-for-five stock dividend, the firm said in a statement to the stock exchange on Sunday.