Cement News tagged: Corporate
Peru’s Cementos Lima 4Q Net PEN56.6m Vs PEN41.5m
Cementos Lima SA posted fourth-quarter net income of CLP56.6m (US$19.2m), compared with PEN41.5m in the same quarter in the previous year
Swicorp advises Arabian Cement in SR500m rights issue
Arabian Cement has successfully offered 10 million new shares at a price of SR50 per share through a
Siam Cement likely to report flat 2007 net profit
Siam Cement PCL is expected to report a flat 2007 net profit, with higher production costs and sluggish domestic demand offsetting one-time gains.
Saudi Cement’s Q4 profit up nine per cent
Saudi Cement Co reported a nine per cent rise in fourth-quarter profit on higher productivity and sales.
Qatari Gulf Cement to retain 2007 profit
Qatari Gulf Cement Company plans to retain its net profit of QAR32.3m (US$8.9m), according to preliminary figures for 2007
Production efficiency drives UltraTech profits up 32 per cent
Aditya Birla Group company UltraTech Cement today posted a 32 per cent rise in net profit at Rs 279 crore for the quarter ended December 31, 2007
Gulf Cement net gains up to QR32.3m
Gulf Cement Company has reported a net profit of QR32.3m in 2007 and said it was proposing to convert itself
China’s Anhui Conch Cement sees 50 per cent growth in 2007 net profit
Anhui Conch Cement Co Ltd said it expects its 2007 net profit to rise more than 50 per cent YoY on the back of strong sales.
Lafarge adds Groupe Bruxelles Lambert, Sawiris representatives to board
Lafarge shareholders approved the nomination of representatives from its two largest shareholders to the French company’s board of directors.
Siam City 4Q07 earnings still weak, but 2007 to slightly improve
Siam City Cement (SCCC) is expected to announce very weak 4Q07 earnings of just Bt575mn (EPS Bt2.5), down 22% QoQ and 11% YoY.
Zimbabwe: renamed Circle Cement to start trading on ZSE
Cement manufacturer Circle Cement Limited will start trading on the Zimbabwe Stock Exchange as Lafarge Cement Zimbabwe Limited
Italy Cementir Increases Board Members
The shareholders’ meeting of Italian cement group Cementir, a unit of local construction company Caltagirone, increased its board members to 15 from 13, the company said.
HeidelbergCement’s decision to implement capital increase
The Managing Board of HeidelbergCement AG has resolved, subject to the consent of the Supervisory Board, to make use of the authorised capital and to implement a cash capital increase
Analysis: Holcim likely to buy next as sector consolidates
Holcim was conspicuously absent from a round of industry consolidation in 2007, but its big cash pile means it could acquire a rival in the coming months, according to an analysis report from Reuters.
Australia’s ANZ Bank, Calyon fund Vietnamese cement project
Australia and New Zealand Banking Group Ltd and Calyon yesterday committed US$96.4m to the Ha Tien 2.2 Cement Production Line project.
Siam Cement 4Q07 earnings will continue weak
Siam Cement (SCC) is expected to report a disappointing 4Q07 normailised earnings of just Bt5,009mn (EPS Bt4.17), down 11% qoq but stable yoy.