Cement News tagged: Corporate
Semapa posts lower profits
Consolidated net profit of Portuguese industrial holding group Semapa stood at Euro 29m in the January to September 2005 period, the company said in a report to Portugal’s national securities re
ACC gets approval to merge DCSL
Associated Cement Companies Ltd on Tuesday said that it would amalgamate Damodar Cement and Slag Ltd (DCSL) with itself. The shareholders at their meeting have approved the scheme of amalgamation of D
HeidelbergCement in deal with Tenir Group
The Kazakh industrial concern Tenir Group has agreed to sell its wholly-owned subsidiary Buchtarma Cement Company to HeidelbergCement. Buchtarma Cement Company trades as Vostok Cement and has in inte
JK Cement aims for captive power
JK Cement Ltd is planning to raise resources from the public for establishing an additional coal-based captive thermal power plant of 40mW at its Nimbahera plant campus in Rajasthan. Managing Director
Riyadh Cement may raise capital
Prince Faisal ibn Abdul Majeed, chairman of the board of Saudi White Cement and Riyadh Cement, will preside over a meeting of the board to discuss a number of important topics including the plan to in
Titan boosted by its US operations
Titan’s turnover for the first nine months rose by 16.2% to EUR 994.79m, with the operating profit at the EBITDA level rising a little more slowly by 13.6% to EUR 284.9m. The slower rate of pro
Argos issues new bonds
Colombia’s biggest cement maker Cemento Argos has issued 450bn pesos (US$197m) in bonds on the local market, the country’s press reported. The funds raised with the bond issue will be use
Cimsa increases Jan-Sept 2005 net profits
Turkish cement producer Cimsa posted a 79.44 mln new Turkish lira ($58.47m) consolidated net profit for the first nine months of 2005, up from 45.55 mln lira ($33.54m) for the same period in 2004. Op
Lafarge and Boral begin Vietnam plant
Lafarge, the French cement company, has begun construction of a plasterboard production unit in Vietnam, in collaboration with Australian building materials group Boral, for investments of US$13m.
Titan third quarter results improve
Greek cement firm Titan is expected to report a 6 per cent rise in third-quarter net profit this week, boosted by its US operations and a rebound in the domestic market, analysts said on Tuesday. Te
Egyptian National Cement profit soars
National Cement Company (NCC) registered a record-high year-on-year increase of 1180 per cent in its net profit for the first quarter of the fiscal 2005/06, ending June 30, 2006,
Cimpor Jan-Sept 2005 net profit seen at EUR193m
Cimpor - Cimentos de Portugal is expected to post a January to September 2005 net profit of EUR 193m (US$226.3m), according to estimates from local investment bank Banco Portugues de Investimento (BPI
Semen Cibinong plans debt buyback program of up to US$20m
Cement maker PT Semen Cibinong said it is allocating some 10 mln usd from its internal cash flow, with an option to raise the figure to 20 mln usd, for a debt buyback program. Company director Jannus
Kryvyi Rih Cement To Absorb Dniprotsement
One of the five biggest producers of cement, the Kryvyi Rih Cement company (Dnipropetrovsk region), intends to incorporate the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region). The sha
Exchange Rate Losses of Indocement falling
PT Indocement Tunggal Prakarsa Tbk predicted that the exchange rate loss of the company will decrease this year as the company has hedge some US$150m of its debt, while the exchange rate of Japanese Y
Pacasmayo net profits up
The net profits of Peruvian cement company Pacasmayo rose 12.8 per cent year-on-year in 3Q05 to US$6.11m because of higher sales volumes and cuts in costs, according to a report from Banco de Créito d