Cement News tagged: Corporate
Anhui Conch to buy cement assets from parent
Anhui Conch Cement Co, China’s largest cement producer by output, plans to buy cement-related assets from its parent, the Wall Street Journal reported, citing people familiar with the situation.
Texas Industries boosted by land sales, US
Turnover in the year to the 31st of May rose by 13.1 per cent to US$943.9m and the trading profit jumped by 38.1 per cent to US$88.3m, thanks to a US$12.4m gain on property disposals, without which th
Lafarge to issue Euro bonds, France
Lafarge SA will launch a US$1.5bn (EUR1.18bn) bond issue in the USA, it was reported on July 12, 2006.
Expectations of impressive SCC’s 2Q06 earnings, Thailand
Siam Cement (SCC) is expected to announce net profit of around Bt8,381mn (EPS of Bt6.98) down 12% qoq and 4% yoy. SCC will announce their 2Q06 earnings results on July 26.
India’s Petron wins Yemen contract
India’s Petron Engineering Construction Ltd. said on Monday it had signed a contract worth US$13.4m with Yemen’s National Cement Company for its participation in building a cement plant in
Spotlight on India Cements
When Mr N Srinivasan took over as vice chairman and managing director of India Cements Ltd. in 1989, the company had an annual production capacity of 1.6Mt and sales of 1.30 billion rupees (US$28.3m).
Siam Cement to invest more over the next five years, Thailand
The president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years.
Arabian Cement H1 profits up
The Arabian Cement Company made a net profit of US$51.2m in H1, an increase of 15.9 per cent on the same period last year, reported Arab News
Holcim heads for the outback, Australia
Holcim is scheduled to hold a roadshow in the week from on 10 July 2006 visiting Sydney, Melbourne and Brisbane to promote a new bond transaction.
Cementir increases stake in Cimentas
Cementir Cementerie Del Tirreno S.p.A announced that its stake in Cimentas Izmir Cimento, a cement company, increased to 29.06 per cent from 19 per cent, following Cimentas Cimento’s capital increase.
SCCC expected second quarter earnings to fall, Thailand
Siam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affecte
Sibtsem acquires Kamenskiy plant, Russia
A stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy
Shree Cement more growth in July-August, India
MK Singhi, executive director of Shree Cements, says that the monsoon has not particularly affected sales the June quarter.
US Concrete closes concrete purchases
US Concrete Inc has completed the purchase of Alberta Investments Inc and Alliance Haulers Inc for $165m.
Qassim Cement H1 profit up, Saudi Arabia
Saudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said ear
Ukrainian producer profit
Urkainian producer Mykolaivtsement ended 2005 with a net profit of UAH 21.98m, increasing net revenues by 28.4 per cent or UAH 44.42m, compared to 2004 to UAH 201.07m.