Cement News tagged: Corporate
India’s Sanghi Industries to raise INR15bn, India
Sanghi Industries Ltd. said on Thursday its board had approved raising up to IDR15bn ($333m). The issue could be through issue of shares, overseas depositary receipts or convertible bonds, the company
Steppe Cement Chairman to stand down
Steppe Cement said Wednesday its Chairman, Azmi Wan Hamzah, is to stand down from the board following the Company’s Annual General Meeting to be held on 4 May 2006.
Gulf Cement IPO raises US$1.6bn
The Gulf Cement Company’s IPO has raised more than $1.63bn and was about nine times oversubscribed. Applicants will receive a minimum
Cementos Argos 1Q net profit up, Colombia
Colombian cement and cement products maker Compania de Cementos Argos posted a net profit of COP19.552bn (US$8.2m) for the first quarter of 2006.
Lafarge’s North America narrows operating loss
Lafarge North America, which parent company Lafarge SA plans to fully acquire in the coming weeks, said late yesterday its operating loss narrowed to US$55.8m in the first quarter, from the US$78.6m l
Siam Cement 1Q net down
Siam Cement PCL said Wednesday its net profit in the first quarter dropped slightly on year, as lower taxes were offset by weak operating results. In the January-March quarter, the company recorded a
Prism Cement net surges
Prism Cement reported a 114 per cent increase in net profits to Rs 24.39 crore for the quarter ended March 2006 compared with Rs 11.35 crore recorded in the corresponding period last year, reports Bus
Florida Rock record second quarter results
Florida Rock Industries, Inc today announced record net income of US$57,810,000 or US$0.86 per diluted share for the
Share sale news in brief, Italy
Lehman Brothers has cut its stake in Italian cement group Italcementi to the threshold of 2.0 per cent, Italian news sources reported on April 24, 2006. The operation took place on April 13, 2006. Leh
EBRD to take decision Garadag decision, Azerbaijan
The EBRD Board of Directors will take decision on purchase of 20 per cent stake in the Garadag Cement JSC. The A
Taiheiyo increases profit forecast, Japan
Taiheiyo Cement Corp said it has raised its forecast of net profit for the year to last March to Yen 8bn from Yen 5bn
Sinoma signs Taiwan Cement contract
China’s Sinoma International Engineering said it has signed a series of deals to build cement facilities for Taiwan Cement Corp,
Citigroup To lend Lafarge $30m to rebuild Aceh
Citigroup Inc has lent US$30m to Lafarge to refinance the reconstruction of PT Semen Andalas Indonesia’s cement plant in
Eagle Materials declares Quarterly dividend
The Board of Directors of Eagle Materials Inc. has declared a quarterly cash dividend of US$0.175 per share, payable on July 20, 200
Holcim open offer fails to excite investors
Holcim’s open offer to Gujarat Ambuja Cements Ltd (GACL) shareholders to pick up an additional 20 per cent stake in the company, may have elicited lukewarm response, people in the know say. The
UltraTech board approves capital expansion
UltraTech Cement Ltd. said on Monday its board had approved additional capital expenditure of 4.9 billion rupees for productivity i