Cement News tagged: Corporate
Tabuk Cement net profit up to US$41.3m
Saudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004. Sa
Sumitomo Osaka Cement looks for higher profit
Sumitomo Osaka Cement Co said Monday that it aims to boost its group net profit fivefold to Y10 billion for the fiscal year ending March 2009, partly through cost reduction and by making further advan
Maxit to build plant in Latvia
Maxit, a company of the German construction materials production group Heidelberg Cement, plans to build a new ceramsite panel production plant in Latvia. Ivi Anna Buce, board member of the Latvian s
Dyckerhoff results for FY 2005 approved
Buzzi Unicem subsidiary Dyckerhoff AG has reported improving sales in 2005. However, the development of the divisions varied. With Germany posting a decrease in sales, the Eastern European division, i
Semapa FY net up 76.7 per cent
Portuguese conglomerate Semapa SGPS, which controls local cement producer Secil, announced net profits of Euro 334m for 2005, a rise of 76.7 per cent from a year earlier. However, the company said t
Promising results from India Cement
The largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make profits
Yanbu Cement 2005 net profits up
Saudi cement producer Yanbu Cement Company (YCC) registered an increase in net profit to 453.6 mln Saudi riyals (US$120.9m) for 2005, up from 427.7 mln riyals (US$114m) for 2004. Sales rose slightly
Sale of Ladik Cement halted
The 13th Department of the Council of State halted the execution of the resolution of the Saving Deposits and Insurance Fund (TMSF) which approved the Sale Commission’s decision regarding the sa
Cemex sees 1Q sales up 51 per cent
Cemex said it expects first quarter sales to rise 51 per cent. It said sales for the period will come in higher than $3.9bn. Cemex also said it expects EBITDA to be about US$800m for the first quarter
Cementir 2005 net profit at EUR109.4m
Italian cement group Cementir, a unit of local construction company Caltagirone, posted a net profit of EUR109.4m for 2005, a 62 per cent YoY increase.
No plan to raise Gujarat Ambuja open offer price, India
Holcim Ltd said Thursday that it has no plans to raise its open offer price of INR90.64 a share for Gujarat Ambuja Cements Ltd.
Court upholds ruling on Cemco tender
The Philippine Court of Appeals (CA) has junked the bid of Cemco Holdings to overturn an order of the Securities and Exchange Commission (SEC) to conduct a tender offer for the 45 million shares of pu
Hanson shares hit record on break-up, bid talk
Shares in Hanson Plc surged to an all-time high on Wednesday on market talk of a bid for the building materials supplier from France’s Lafarge, adding to rumours the firm might separate its US b
Saudi QCC Director General resigns
The management board of Saudi cement producer Qassim Cement Company (QCC) has accepted the resignation of the company’s director general, Khaled Saleh al-Mudaifar, the company said on March 12,
World Bank Supports urban service delivery in Karnataka
The World Bank has just approved a US$216m loan to finance the delivery of urban services in the state of Karnataka, India, through enhancing urban infrastructure, and improving the institutional and
EBRD to approve $10m credit for Garadagh
A US$10m credit for the second stage of reconstruction of Garadagh Cement, Azerbaijan, will be approved by the Council of Directors of the European Bank for Reconstruction and Development (EBRD) on 26