Cement News tagged: Corporate
OCI posts 54% growth in first quarter consolidated earnings, Egypt
Orascom Construction Industries announced consolidated revenue of EGP 3,286.2m with EBITDA of EGP 945m and net income of EGP 525m for the first quarter ended 31 March 2006.
Saudi Qassim Cement Co Appoints Al-Amr Director General
Saudi cement producer Qassim Cement Company (QCC) has appointed Amr bin Abdullah Ibrahim al-Amr director general, effective June 3, 2006, the company said
Siam Cement wants growth as energy costs bite, Thailand
High energy costs are hurting Siam Cement, its chief financial officer said on Monday. High oil prices, coupled with a 10 per cent increase in electricity costs, were likely to depress Siam Cement&rs
Conch and Prosperity Cement buy into Anhui Chaodong, China
Anhui Chaodong Cement Group, has signed an agreement to sell a 40 per cent stake in the listed company to Wealcity (Prosperity minerals) and a 19.69 per cent stake to Anhui Conch Cement Co Ltd. Accord
Goldman Sachs builds up stake in Italcementi, Italy
Italy’s stock market regulator, Consob, has revealed that US group Goldman Sachs Asset Management has increased its stake in Italian cement and concrete producer Italcementi.
Holcim Romania opens 15th batching plant
Holcim Romania has recently launched its 15th concrete station in the country in the southern city of Campulung, the company said on June 2, 2006.
Yanbu Cement to raise output, Saudi Arabia
Saudi Yanbu Cement plans to raise its annual output by 75 per cent to 7Mta by next year, official and company sources said. he trade and industry ministry has authorised the firm to build a fifth prod
Tarmac America Acquires Miami Valley Concrete
Tarmac America reported today the acquisition of another independent ready mix concrete producer located on the west coast of Florida. Miami Valley Concrete represents Tarmac’s third acquisition
Binani Industries to sell cement stake
India’s second largest zinc producer Binani Industries Ltd. plans to divest a 10 percent stake in subsidiary Binani Cement Ltd to fund the latter’s ongoing expansion project, the company s
Vassiliko Cement profits rise
Vassiliko Cement Works posted a strong set of 1Q06 results with Net Profit reaching CYP 1.89m (+4.0% YoY), slightly above our estimate of CYP 1.99m. The main drivers of profitability were the satisfac
Carib Cement loses J$190m in three months
Caribbean Cement Company reportedly lost J$190m (US$2.94m) between January and March this year - with the deficit during the quarter following a 2005 full financial year in which the cement producer p
Positive outlook on Yanbu Cement
The sales revenue of Yanbu Cement Co (YCC) for the year 2005 increased only by 0.6 per cent to SR778.9mn from SR774.6mn reported in 2004. The was mainly due to the decline in the production of clinker
SCC spends more on mortar
iam Cement Plc (SCC) will invest more than one billion baht to raise its production capacity for printing, writing paper and mortar cement, according to SCC president Kan Trakulhoon. The SCC’s
Texas Industries sells Houston-area plant
Cement producer Texas Industries Inc. said on Wednesday it sold the site of its Houston-area expanded shale and clay plant. TXI said it will continue to serve the Houston area from the current plant f
French Vicat to raise capital via bonus issue
Vicat plans to increase its capital by Euro 124.7m to Euro 187.1m through a bonus issue financed from its reserve funds, it was reported on May 31, 2006. The decision is subject to approval by the gen
Cimpor profits climb
Portuguese cement company Cimpor posted a Euro 78.8m consolidated net profit for the first quarter of 2006. Turnover rose to Euro 406m up 20.4 per cent. The company registered growth in all the countr