Cement News tagged: Corporate
Thailand’s cement industry: Peak season in 1Q06
While mega projects are expected to be a growth driver for cement demand, the 5-8 per cent growth expected for this year has not yet factored in these projects. Domestic cement price should increase,
Saudi Qassim Cement invites Candidates for board members
Saudi cement producer Qassim Cement Company (QCC) has invited all shareholders willing to apply for board members to submit their applications by February 2, 2006. The new board
French Morillon Corvol Buys Ets Charroy
French construction aggregates company Morillon Corvol, part of Mexican cement group Cemex, acquired on January 1, 2006 the company Ets Charroy which operates a calcareous
Gujarat Ambuja describes Holcim plan as `speculative’
Gujarat Ambuja Cement Limited (GACL), which has entered into a strategic alliance with Swiss cement major Holcim, described as ‘speculative’ the overseas firm’s plan to acquire stake in th
![Saudi Arab Cement profit up](/content/uploads/images/Corporate_thumb.jpg)
Saudi Arab Cement profit up
Saudi Arabia’s Arab Cement has reported 2005 net profit of SR333m (US$88.80m), up 8.7 per cent from the last year’s figure which was inflated by a one-off capital gain. The firm’s op
Cost-cutting key as growth momentum slows
The Siam Cement Group, the country’s largest industrial conglomerate, has forecast that the building material industry will be stagnant this year despite the continued growth in sectors such as
![ClearWater may buy stake in SCL](/content/uploads/images/Corporate_thumb.jpg)
ClearWater may buy stake in SCL
Private equity funds like ADM Capital and ClearWater Capital are in talks with the Saurashtra Cement (SCL) management to pick up a minority stake in the company. The board of directors of SCL will mee
Taiheiyo Cement’s interest-bearing debt
Taiheiyo Cement Corp anticipates consolidated interest-bearing liabilities will total 650 billion yen as of March 31, falling 15.9 billion yen on the year. Interest-bearing liabilities at the end
Qassim Cement profit rises
Qassim Cement said yesterday its net profit for 2005 rose 14.6 per cent to SR282 million (US$75.20m). A statement on the stock market website said the figure was provisional.
Leading calcium aluminates producer on the block
Materis, the specialist construction products group created by Lafarge in 2001 to help finance the acquisition of Blue Circle industries, looks likely to change hands for the third time in the less th
Semen Gresik expects Trillion net profit in 2006
Corporate Secretary of Semen Gresik, Agung Wiharto, said that the company was targeting to reach Rp1 trillion of net profit in 2006, or 10-15 per cent higher than 2005
Holcim declines comment on Indian bid talk
Holcim , the world’s second biggest cement maker, has declined comment on market talk that it was eyeing India’s third-largest cement maker Gujarat Ambuja Cements Ltd to expand its operati
Lafarge Malayan Cement buys back 6.16M shares
Lafarge Malayan Cement Bhd said it bought back 6.16 million of its own shares at prices ranging from MYR0.605 to MYR0.62 each
Cibinong now Holcim Indonesia
The country’s third largest cement maker PT Semen Cibinong changed its name to PT Holcim Indonesia on January 1
Lafarge confirms update at Chilanga
Lafarge, the holding company for Chilanga Cement Plc, plans to spend Euro 85m in setting up a new cement line at its Lusaka facilities in Zambia. With a 750,000tpa capacity, the plant is set to be ope
Gujarat Ambuja Cements December production up
Gujarat Ambuja Cements Ltd today reported 3 per cent increase in the cement production at 1.161Mt for the month of December 2005, against 1.129Mt in the year-ago period. The