Cement News tagged: Corporate
Siam Cement 1Q net down
Thailand’s Siam Cement is likely to report an on-year drop in its first-quarter earnings as high energy prices cut into profit, analysts said. However, the industrial conglomerate is expected to
GCC reports good 1Q results
Grupo Cementos de Chihuahua (GCC) net sales in the first quarter of 2006 increased 42.3 per cent to US$1212.4m pesos. This solid growth reflected higher sales in each of the company’s markets.
Holcim Philippines 2005 net profit dips
Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement.
Steppe Cement initiated with "buy"
Analysts at Alfa Bank in New York have initiated coverage of Steppe Cement, Kazakhstan with a "buy" rating. The 12-month target price is set to US$6. In a research note Alfa Bank analysts mention that
Cemex 1Q Results Seen Benefiting From RMC
Cemex is expected to post solid earnings growth in the first quarter, helped by last year’s acquisition of the RMC Group and a late Easter holiday, analysts said. Cemex, the world’s bigg
Romania’s Carpatcement optimistic
Romania’s Carpatcement Holding, an unit of German cement products company HeidelbergCement AG, Monday said it forecasts revenues up 10 per cent in 2006 based on a development of the cement market and
Ashaka Cement raises turnover
Ashaka Cement Nigeria scored high on its balance sheet with an increase of N3.2 billion turnover for the year ended December 31st 2005. According to the company’s audited results for the period, the t
Gujarat Ambuja Cement reports higher Q3 net profits
Gujarat Ambuja has recorded an increase of 108 per cent in net profit at Rs 2.98 billion (US$66m) for the third quarter ended March 31, 2006, as against Rs 1.43 billion for the same period in 2004-05.
CIMA still in talks with Vicat
UEM World Bhd said it is reluctant to give up control of its cement business to the Vicat Group, but it is still in talks with the French cement maker. UEM World’s 54 per cent subsidiary Cement
Private equity funds eye Mysore
Private equity funds and other financial investors are believed to have shown interest in buying a large stake in Mysore Cement (MCL), the Bangalore-based SK Birla group company, sending the company&r
Devcon’s materials division down
US Devcon’s materials division reported an operating loss of US$6.9m for 2005 versus a loss of US$3.6m in 2004. During 2005, we recorded a US$2.8m impairment charge with respect to long-lived assets
Polpaico announces BoD Members
Chilean cement producer Cementos Polpaico, a subsidiary of Swiss group Holcim, announced on April 13, 2006, the members of its board of directors (BoD). Polpaico’s BoD consists of Juan Antonio
Italcementi to invest more in Morocco
Italian cement maker Italcementi SpA is planning to invest EUR150m to build a new cement plant in Morocco, where the company already operates, reports Il Corriere della Sera in its Friday Internet edi
Trade mark costs - but who pays?
The independent shareholders of PT Holcim Indonesia Tbk agree that the cement company has to pay 0.7 per cent of the total sales for utilising the trademark of Holcim. They approval was signed on the
Samart Corp to build new power plant
Samart Corp Plc, has clinched a deal to build a power plant in Cambodia, which will supply electricity to a cement factory being constructed by Siam Cement Industry Ltd. The value of the deal was not
Indocement secures syndicated loan
Cement producer PT Indocement Tunggal Prakasa, 65.14 per cent owned by HeidelbergCement said it has signed a syndicated loan agreement worth US$158m to refinance partly its US$380m debt.