Cement News tagged: Corporate
Gujarat Ambuja Cement reports higher Q3 net profits
Gujarat Ambuja has recorded an increase of 108 per cent in net profit at Rs 2.98 billion (US$66m) for the third quarter ended March 31, 2006, as against Rs 1.43 billion for the same period in 2004-05.
CIMA still in talks with Vicat
UEM World Bhd said it is reluctant to give up control of its cement business to the Vicat Group, but it is still in talks with the French cement maker. UEM World’s 54 per cent subsidiary Cement
Private equity funds eye Mysore
Private equity funds and other financial investors are believed to have shown interest in buying a large stake in Mysore Cement (MCL), the Bangalore-based SK Birla group company, sending the company&r
Devcon’s materials division down
US Devcon’s materials division reported an operating loss of US$6.9m for 2005 versus a loss of US$3.6m in 2004. During 2005, we recorded a US$2.8m impairment charge with respect to long-lived assets
Polpaico announces BoD Members
Chilean cement producer Cementos Polpaico, a subsidiary of Swiss group Holcim, announced on April 13, 2006, the members of its board of directors (BoD). Polpaico’s BoD consists of Juan Antonio
Italcementi to invest more in Morocco
Italian cement maker Italcementi SpA is planning to invest EUR150m to build a new cement plant in Morocco, where the company already operates, reports Il Corriere della Sera in its Friday Internet edi
Trade mark costs - but who pays?
The independent shareholders of PT Holcim Indonesia Tbk agree that the cement company has to pay 0.7 per cent of the total sales for utilising the trademark of Holcim. They approval was signed on the
Samart Corp to build new power plant
Samart Corp Plc, has clinched a deal to build a power plant in Cambodia, which will supply electricity to a cement factory being constructed by Siam Cement Industry Ltd. The value of the deal was not
Indocement secures syndicated loan
Cement producer PT Indocement Tunggal Prakasa, 65.14 per cent owned by HeidelbergCement said it has signed a syndicated loan agreement worth US$158m to refinance partly its US$380m debt.
CMP results for 2005
Portuguese cement producer CMP - Cimentos de Maceira e Pataias SA, a Secil subsidiary, registered a net profit of Euro 9.5m for 2005, the company said in a note sent to Portugal’s national bours
SCC’s 1Q06 expected to recover
Siam Cement (SCC) will announce their 1Q06 earning results on April 26. Earnings will improve from the previous quarter and be rather impressive, although down from the same quarter last year with a n
SCC’s 1Q06 expected to recover
Siam Cement (SCC) will announce their 1Q06 earning results on April 26. Earnings will improve from the previous quarter and be rather impressive, although down from the same quarter last year with a n
Actis to invest in Dalmia Cement
Actis, a leading private equity investor in emerging markets, announced its intention to invest US$25m in Dalmia Cement (Bharat) Ltd (DCB), a manufacturer of cement in South India.
Limak bids for Gaziantep Cement
Limak Kurtalan has made a bid of US$93.25m for rival cement company, Gaziantep Cement, which the Turkish Savings and Deposit Insurance Fund (TMSF) put out to tender for an estimated US$90m.
Ultratech Cement up on price hike
Ultratech Cement on Wednesday created its all-time high at Rs 773 on additional profit hopes because of the recent price rise.
Italcementi wants to increase ownership in Goltas
Italcementi is interested in increasing its stake the Turkish cement company Goltas, according to local reports.