Cement News tagged: Corporate
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.
Raysut profit up on surging cement demand
Raysut Cement, Oman’s largest cement firm by market value, made a third-quarter profit of OMR7.12m ($18.50m), an increase of 26.9% from the year-earlier period.
Cemex’s 3Q07 net sales increase 31%; EBITDA up 23%
During the third quarter of 2007, majority net income decreased 7% to US$780m from US$836m in the third quarter of 2006.
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.
JK Lakshmi Cement plans investment
Buoyed by a three-fold increase in its net profit during the quarter ended September 3
Attock Cement’s profit falls
The profit after tax of Attock Cement Pakistan Limited declined to Rs 88.048m in the first quarter ended on September 30
Madras Cements net rises on better regional prices
Madras Cements Ltd of India posted a 34 per cent rise in its quarterly net profit riding better price realisations in the southern region and beating analysts’ estimate.
Binani Cement Jul-Sep net at INR478.7m
Binani Cement Ltd has posted a net profit of INR478.7m for the July-September period on a net sales of INR2.14bn.
Siam Cement Q3 op profit slumps on petchem margins
Siam Cement PCL , Thailand’s biggest industrial conglomerate, reported a 33 per cent fall in third-quarter operating profit
Holcim: Capital Group stake falls below 5%
Holcim Ltd the stake held by US investment company Capital Group Cos Inc has fallen to slightly below 5% from around 10%.
Thai TPI Polene Q3 net profit down on forex loss
TPI Polene (TPIPL), Thailand’s third largest cement firm, said on Wednesday its third quarter net profit fell 39 per cent due to a foreign exchange loss.
Foundation of A TEC subsidiary in Mexico
To support its operations in North, Central and South America, A TEC has founded a subsidiary named Austria TEC, SA de CV in Puebla, Mexico.
India Cement Q2 net profit up 90%
India Cements Ltd’s July-September net profit rose 90 per cent to Rs 222.65 crore compared with Rs 117.32 crore in the same quarter of the previous year.
Birla Plus turns UltraTech
Birla Plus is now UltraTech cement. The Aditya Birla group on Monday announced rebranding of its cement business by bringing it under the UltraTech umbrella
Holcim hikes Ambuja stake to 40 per cent
Holcim, the world’s second largest cement maker, has scaled up its shareholding in Ambuja Cements (ACL) by 3.15 per cent to nearly 40 per cent for Rs 714 crore through open market operations.
Rajhi Cement plans $595mn bond sale
Saudi Arabia’s Al-Rajhi Cement Investment Co will sell $595 million of seven-year, Islamic bonds in the first quarter,