Cement News tagged: Corporate
Egypt’s South Valley nine-month profit up 300 per cent
Egypt’s South Valley Cement increased its net profit by 323 per cent to E£300m (US$54.7m) in the nine months ended Sept. 30, a statement from the company said on Sunday.
Gresik names Citi as banking provider
To boost its financial performance and facilitate its efforts to develop as a global player, Indonesia’s largest cement manufacturer,
Higher price realisations help cement cos in Q2
Indian companies that have a major presence in the southern States, which witnessed the highest price in the quarter, saw their realisations zoom.
Holcim names manager
Holcim (New Zealand) Ltd has appointed a new manager to oversee its $200m Weston cement plant project, which has emerged as the company’s preferred long-term option to meet future demand for cem
Oman Cement Co Appoints Board Member
Oman Cement Company (OCC) appointed Hamdan al-Wahaibi board member, representing the government,
Cement workers to protest on November 16, India
Workers in cement factories will observe November 16 as "All India Protest Day" over the manufacturers’ "reluctance" in announcing an ad hoc payment to employees in view of the huge profits bein
McCarthy named PCA president/CEO, USA
The Board of Directors of the Portland Cement Association (PCA) has named Brian A McCarthy president and chief executive officer.
FLSmidth sells Densit A/S to Illinois Tool Works Inc
FLSmidth has agreed to sell Densit A/S to Illinois Tool Works Inc. (ITW). The sale will take place in an all-share deal. The parties have agreed not to disclose the selling price.
Birla Corporation net up 53%
Birla Corporation Ltd, the flagship of the MP Birla group now controlled by Rajendra S Lodha, has reported a 53% increase in its profit after tax to nearly
Rockwell Automation to acquire Pavilion Technologies
Rockwell Automation, Inc announced it has entered into a definitive agreement to buy Pavilion Technologies, Inc. Terms of the transaction were not disclosed.
Indocement 9-month net profit up 25.4 percent as sales rise
Indonesia’s second biggest cement maker, PT Indocement Tunggal Prakarsa, said Wednesday its net profit for the first 9 months of the year rose 25.4 per cent aided by higher sales and falling in
Semen Gresik considers convertible bonds in 2008
Bisnis Indonesia sources said the company will issue the convertible bonds after the issuance of US$500m bonds in January 2008.
Anhui Conch Cement May Add to Fourfold Share Gain
Investors betting against Anhui Conch Cement Co. after a more than fourfold increase in the past year may miss out on even more gains
Rinker boosts Cemex volumes
For the first nine months 2007, which included Rinker for three months, Cemex has reported at 16.2% increase in turnover to US$15,595.3m.
Titan Cement nine month net seen flat as Balkans help offset weaker US ops
Titan Cement’s nine-month group net profit is seen coming in flat at EUR212m, when it announces its results
Italcementi unit buys Verticalnet
Italian cement company Italcementi said on Friday its unit BravoSolution has agreed to buy U.S. supply management solutions firm Verticalnet in an all-cash offer worth $15.2 million including debt.