Cement News tagged: Corporate
UAE Union cement net profit climbs
The net profit of UAE Ras al-Khaimah cement manufacturer Union Cement climbed 37.8 per cent year-on-year to 86.3m UAE dirhams (US$23.5m) in the first half of 2005, it was reported on July 26, 2005. S
Court denies ex-TPI chief right to purchase shares
The Central Bankruptcy Court dismissed a petition by company founder Prachai Leophairatana demanding to purchase 249 million shares of TPI Polene Plc, the country’s third largest cement maker, t
Ciments Français sales boosted by higher prices and Suez Cement
Italcementi’s international subsidiary Ciments Français increased its first half turnover by an underlying 6.9% to €1,675m. In absolute terms the increase was 10.2%, thanks to the initial consolidati
UK Bestway charts Pakistan success
Bestway Cement Pakistan, part of the Bestway Group of UK, reports increased sales and good progress on its new cement project in the Punjab.
Florida Rock Industries third quarter results
Florida Rock Industries, has announced record net income of $45,878,000 or $.69 per diluted share for the third quarter of fiscal year 2005 versus $33,050,000 or $.50 per diluted share (split adjusted
Ciments Francais H1 sales up
French cement maker Ciments Francais posted first-half revenues of Euro 1.675bn up 10.2 per cent on the year, its parent company Italcementi said in a statement on Monday. Sales in North America rose
Australia’s Rinker may seek to buy Texas Industries’ construction unit
Rinker Corp Ltd may seek to buy Texas Industries Inc’s construction materials business when the US group splits its construction materials and steel-making operations on Friday, The Sydney Morni
GCC ups profits 34% in Q2
Mexican cement maker Grupo Cementos Chihuahua’s (GCC) second quarter net earnings jumped 33.5% to 238mn pesos (US$22.4m) thanks in part to higher operating profits, GCC executives announced during a c
Cemex Venezuela 1H Profit Up 65%, helped by government spending
The Venezuelan subsidiary of Cemex managed to increase its profit levels by 65% during the first six months of the year, as the Venezuelan government continued to increase spending.
Siam Cement 2Q net likely down Vs 1Q, Thailand
Siam Cement PCL, Thailand’s largest industrial conglomerate, is expected to report a sharp decline in second-quarter net profit from the previous quarter due to softening profit margins for petr
Schwenk reduces its stake in HeidelbergCement
Schwenk has informed in a so-called Directors’ Dealings notification according to section 15a of the German Securities Trading Act that they have sold 15 million HeidelbergCement shares – the equivale
Cementos Molins completes stock split
Spanish cement company Cementos Molins has completed its 1:10 stock split, the company informed the Spanish securities regulator CNMV on July 21, 2005. Under the operation, the company divided each on
OCL India Q1 net up 21 per cent
OCL India Ltd has reported a 21 per cent rise in net profit at Rs 14.55 crore during the first quarter of the current fiscal. The company has announced a 17 per cent growth in turnover at Rs 164.87 cr
TPIPL: First quarterly loss since 2002
TPI Polene (TPIPL) announced a Bt215m loss for 2Q05, compared to a net profit of Bt483m (inclusive of Bt538m extra gain) and Bt768m in 2Q04 and 1Q05, respectively. This was due mainly to Bt766m forex
OCI raises stake in Pakistan subsidiary
Orascom Construction Industries said it has received approval from both the Securities & Exchange Commission of Pakistan and its shareholders to convert US$19.2m in debt it purchased earlier in the ye
Holcim pulls out of Akhangarancement
Holcim has sold its 23.6 per cent stake in Akhangarancement, Uzbekistans second largest cement plant, to Zeromax Group of the United States. The Zeromax office in Tashkent told Interfax that the deal