Cement News tagged: Corporate
Profit-booking in India Cements
Southern Indian cement maker India Cements is seeing sizeable selling by foreign-based funds. On Wednesday, CLSA sold 1.1 million shares at Rs 161. CLSA’s sale comes after ABN AMRO Bank sold 1.0
Colombian Argos plans
Colombian cement producer Cementos Argos is planning to enter the oil and hydroelectric business, according to modifications to its statutes approved during the latest shareholders’ assembly. In
Gresik to miss March 31 deadline
Indonesia’s largest cement maker PT Semen Gresik will miss the March 31 deadline for reporting its 2005 audited financialresults, investor relations head Agung Wiharto said. "We won’t make
Lafarge to bid for Semen Gresik stake?
According to the Indonesian government, French building materials group Lafarge is among the bidders for a 25 per cent stake in PT Semen Gresik, Indonesia’s leading cement group.The holding, val
Lafarge and the Sarbanes-Oxley Act
Lafarge announces the results of its assessment of its internal control over financial reporting, carried out in accordance with the provisions of section 404 of the Sarbanes-Oxley Act. These results,
Portland Cement quizzed on auditing procedures
Analysts have asked Portland Cement Limited, whose majority shareholder is Lafarge, to engage an independent auditing firm to investigate the financial scam that has resulted in the loss of K258 milli
FLSmidth and Iraq’s oil for food programme
The Public Prosecutor for Serious Economic Crime has decided to raise charges against FLSmidth A/S as well as against several other Danish companies.
Holcim open offer for Guj Ambuja rescheduled, India
Holcim’s open offer, to acquire 20 per cent stake from the shareholders of Gujarat Ambuja Cements (GACL), has been rescheduled for later this week. The offer, at Rs 90.64 per share, was delayed follow
Yanbu Cement to triple its dividends, Saudi Arabia
Yanbu Cement Co announced yesterday that it will triple its dividends for the second half of 2005. The company will pay SR15/share in dividends for the second half, following a six-per cent increase i
Misr Beni Suef Cement 2005 profit jumps, Egypt
The net profit of Egyptian Misr Beni Suef Cement (MBSC) jumped to E£132.8m (US$23.2m) in 2005 from E£51.5m (US$9m) in 2004, the company said in a statement to Cairo and Alexandria Stock Exchanges (CAS
Saudi Cement Co net profit rises
Saudi Cement Company (SCC) posted a net profit of 484.3 mln Saudi riyals ($129.1m) for 2005, up from 437.5 mln riyals ($116.6m) a year ago. The increase was supported by a rise in total revenue to 56
Ambuja Cement Eastern’s managing director resigns
Ambuja Cement Eastern Ltd. said its managing director, Harshavardhan Neotia, had resigned and will act as an additional director. The company also said on Monday its board had appointed Ramit Budhraja
Carib Cement says its prepared for lawsuits
Caribbean Cement Company Limited says it has coverage in place in the event that it’s slapped with lawsuits arising from its recent product recall. A statement from its parent company Trinidad C
Ashaka Cement raises turnover by N3.2bn
Nigeria’s Askaka Cement Company Plc raised turnover by N3.2 billion from N12.6 billion in a comparable period of 2.4 to N15.8 billion for the year ended December 31th 2005. The audited results for the
Doha Bank launches zero per cent IPO loan
Doha Bank has launched the Zero per cent IPO loan for the forthcoming Gulf Cement Company’s maiden public issue. The IPO loan is available to Qatari nationals applying for the Gulf Cement Company’s IP
Lafarge interested in Semen Gresik
Lafarge SA has reportedly expressed its seriousness in buying Cemex Asia Holdings’s 25.53 per cent in PT Semen Gresik at market price. The serious commitment of Lafarge, confided one executive k