Cement News tagged: Corporate
Saudi YCC Q1 2006 net profit up
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 158.7m Saudi riyals ($42.3m) for the first quarter of 2006, down from 102.8m riyals ($27.4 mln/21.5 mln euro) for the same peri
ICI Bank buys 6% stake in Andhra Cement
ICICI Bank has finalised a deal with the GP Goenka group-promoted Andhra Cement (ACL) to pick up a 6% stake in the company for Rs 50 crore.
Belgium’s GBL says has 10 per cent in Lafarge
Belgian holding company Groupe Bruxelles Lambert (GBL) now holds over 10 per cent of Lafarge , according to a statement from Euronext Brussels on Monday.
Shareholders urged to back buyout of Chinea Resources Cement
China Resources (Holdings) took a step closer to privatising its locally listed cement subsidiary when an independent financial adviser hired by the company recommended shareholders accept the buyout
Indocement upgrading plant capacity
PT Indocement Tunggal Prakarsa said it hopes to increase its annual production capacity to 16Mt after the completion of its revamping program. The company is upgrading one of its factories to incre
UAE National Cement – profits down
The net profit of UAE Dubai-based National Cement Company PSC declined to 55.7 mln UAE dirhams (US$15.2m) in the first quarter of 2006 from 66.2 mln dirhams (US$18m) a year ago, the company said in a
VP backs state firms to take Cemex
Vice President Jusuf Kalla has expressed confidence that the country’s state-owned enterprises are financially capable of purchasing Mexican cement giant Cemex SA’s stake in state-owned ce
Holcim increases profit and sales, Czech Republic
Czech cement maker Holcim raised sales by four per cent year-on-year to Kc2.2 billion in 2005, chairman Roland van Wijnen told CTK today
Lafarge faces charges over plant fatalities
Three days after a worker died at the Lafarge Canada asphalt production plant on Moodie Drive, the company will be in court today on safety and health charges related to a fatality last year at anothe
Gansu Qilianshan Cement acquires Shoulushan, China
Gansu Qilianshan Cement Co., Ltd. has bought Shoulushan Cement Co., Ltd., the biggest cement producer in Baiyin City of the northwestern Chinese province of Gansu.
Lafarge buys Brasov quarries
Lafarge Aggregate Betoane (Aggregate Concrete) bought several stone quarries in Brasov for some Euro 550,000 from Romaco. Lafarge has already used the quarries on lease contracts, Business Review repo
FLSmidth Q1 earnings beat expectations, Denmark
FLSmidth & Co AS raised its sales and earnings guidance for the full-year 2006 after posting a first quarter pretax profit of DKr115m up from DKr50m the year before and above the consensus of DKr93m.
FCCL considering expansion plan
Fauji Cement Company Limited (FCCL) is considering an expansion plan to increase its production capacity from 1.165Mta, to 3.15Mta. The FCCL is planning to add a new production line of 6000tpd paralle
Lafarge Romcim sees higher 2006 turnover
Romanian cement producer Lafarge Romcim, a unit of French building materials group Lafarge, expects its turnover to reach Euro 190m in 2006, the company said on May 18, 2006. The Romanian cement mark
Anhui Chaodong Cement confirms sale
Anhui Chaodong Cement Group will sell a 40 per cent stake in listed Anhui Chaodong Cement Co Ltd to Anhui Conch Cement Co Ltd and a 19.7 pct stake to WEALCITY, Anhui Chaodong Cement Co said. Anhui Ch
Cement giants look to expand int’l presence
Brazil’s largest industrial conglomerates Camargo Corrêa and Votorantim are both in the running for the purchase of Spanish cement company Uniland, local daily Estado de S.Paulo reported. Spani