Cement News tagged: Corporate
Indonesia Indocement Q1 net profit up
Indonesia’s second-largest cement maker, PT Indocement Tunggal Prakarsa Tbk , posted a 10.1 per cent increase in first-quarter net profit, thanks to strong cement sales and foreign exchange gain
Jaypee to acquire Gujarat Anjan Cement
In yet another consolidation move in the cement industry, the Jaypee group has struck a deal to acquire Gujarat Anjan Cement, which is implementing a 1.2Mt cement plant in Kutch, Gujarat. The financi
Early deadline for Uniland offers
The Spanish shareholders of Uniland, the Spanish cement firm, have set May 3 as the deadline for indicative offers for their 74 per cent stake. After the deadline has passed, investment bank Lazard wi
Cemex heading for India?
Cemex is apparently looking at India as one of the opportunity markets for future growth. As and when the move materialises, the world’s top five global cement manufacturers will be present in t
![Cimpor may buy companies in China, India and Latin America](/content/uploads/images/Corporate_thumb.jpg)
Cimpor may buy companies in China, India and Latin America
The growth strategy of Portuguese cement company Cimentos de Portugal (Cimpor) includes making acquisitions of controlling stakes in companies located in China, India and Latin America, the company’s
Prosperity announces proposed share offer
Prosperity Minerals today announces a proposed share offer by way of a placing
![HeidelbergCement’s 1Q06 to exceed results](/content/uploads/images/Corporate_thumb.jpg)
HeidelbergCement’s 1Q06 to exceed results
German cement maker HeidelbergCement AG said Thursday its key results for the first quarter 2006 significantly exceed previous year’s figures.
India’s Sanghi Industries to raise INR15bn, India
Sanghi Industries Ltd. said on Thursday its board had approved raising up to IDR15bn ($333m). The issue could be through issue of shares, overseas depositary receipts or convertible bonds, the company
Steppe Cement Chairman to stand down
Steppe Cement said Wednesday its Chairman, Azmi Wan Hamzah, is to stand down from the board following the Company’s Annual General Meeting to be held on 4 May 2006.
Gulf Cement IPO raises US$1.6bn
The Gulf Cement Company’s IPO has raised more than $1.63bn and was about nine times oversubscribed. Applicants will receive a minimum
Cementos Argos 1Q net profit up, Colombia
Colombian cement and cement products maker Compania de Cementos Argos posted a net profit of COP19.552bn (US$8.2m) for the first quarter of 2006.
Lafarge’s North America narrows operating loss
Lafarge North America, which parent company Lafarge SA plans to fully acquire in the coming weeks, said late yesterday its operating loss narrowed to US$55.8m in the first quarter, from the US$78.6m l
Siam Cement 1Q net down
Siam Cement PCL said Wednesday its net profit in the first quarter dropped slightly on year, as lower taxes were offset by weak operating results. In the January-March quarter, the company recorded a
Prism Cement net surges
Prism Cement reported a 114 per cent increase in net profits to Rs 24.39 crore for the quarter ended March 2006 compared with Rs 11.35 crore recorded in the corresponding period last year, reports Bus
Florida Rock record second quarter results
Florida Rock Industries, Inc today announced record net income of US$57,810,000 or US$0.86 per diluted share for the
Share sale news in brief, Italy
Lehman Brothers has cut its stake in Italian cement group Italcementi to the threshold of 2.0 per cent, Italian news sources reported on April 24, 2006. The operation took place on April 13, 2006. Leh