Cement News tagged: Corporate
Polpaico ups profits 18 per cent, Chile
Chilean cement producer Cemento Polpaico increased consolidated net profits 18.3 per cent to 9.82bn pesos (US$18.2m) during the first half of this year, compared to the same period last year, the comp
Cemex Venezuela profit gains
The Venezuelan unit of Mexican cement company Cemex (CX) saw profits skyrocket 87 per cent during the first half of the year as demand for cement in the Andean country set new records
Binani Cement to divest stake to Mauritius fund, India
In a notice to stock exchanges, Binani Industries said that it had decided to divest 10.09 per cent in its subsidiary Binani Cements to Ganesha Prime Holdings (Mauritius), a subsidiary
Weak 2Q06 earnings of TPI Polene, Thailand
TPI Polene (TPIPL) announced rather disappointing 2Q06 earnings with a normalised profit of Bt244mn (norm EPS Bt0.31), down 52% yoy, but up 52% qoq. This was a rather low base for earnings comparisons
Cementir continues to show underlying growth
Cementir increased first half turnover by 25.3% to EUR 504.2m and the EBITDA rose by 44.4% to EUR 118.6m.
Titan is boosted by US market strength
Titan increased turnover in first six months by 24.8% to EUR 764.7m and the operating profit at the EBITDA level by 36.5% to EUR 220.4m. Sales of cementitious materials grew by 7.5% to 7.75Mt, while
Portland Valderrivas profit up 51 per cent, Spain
In the first half of this year, Spanish cement producer Cementos Portland Valderrivas recorded a net profit of EUR96.19m , up 51.37 per cent on the same period in 2005.
UltraTech Q1 net profit triples, India
UltraTech Cement Ltd, an Aditya Birla group company has announced that net profit more than tripled for the first quarter ended June 30 2006 on higher domestic realisation and volumes.
Strong US prices help Cemex move ahead in first half
First half turnover at Cemex increased by 23.7.0% to US$8,595.3m, with a modest help form an additional two months of RMC, and the EBITDA grew by 21.9% to US$1,972.5m. The trading profit improved by 1
Ciments Français shows good first half growth
Ciments Français, which essentially covers the non-Italian operations of the Italcementi group, increased first half turnover by an underlying 16.4% to €2,156.9m. With an increase of 10.4% to €1.032.8
Thai Siam Cement Q2 net down 13 per cent on costs
Siam Cement PCL (SCC) , Thailand’s top conglomerate, reported a larger-than-expected 13 percent fall in second-quarter earnings on Wednesday as high energy costs continued to bite into profits.
Fujairah Cement reports net profit of $21.1m, UAE
The UAE based Fujairah Cement Industries Company made $21.1m in net profits for the first half of this year compared to $19.01m during the same period last year, KUNA reported.The company realized net
Florida Rock 3Q profit rises 27 per cent
Florida Rock Industries Inc., provider of concrete and other materials for the construction industry, said Tuesday fiscal third-quarter profit increased 27 percent, as growth in nonresidential demand
Chinese bank loans $97m
The Industrial and Commercial Bank of China (ICBC) will provide a credit package worth US$97m to the Tay Ninh Cement Plant, according to the agreement signed July 24 between the ICBC and France’
JP Morgan to help finance Gresik acquisition
JP Morgan has agreed to provide a loan to the Rajawali Group to help finance its acquisition of 24.9 per cent stake of Cemex in state cement maker PT Semen Gresik, a report said. Cemex has agreed to s
Titan to invest in Albania
Titan Cement plans to start a US$200m cement and clinker factory construction in Albania, it was reported on July 24, 2006. The project will also be co-financed by the European Bank for Reconstructio