Cement News tagged: Corporate
HeidelbergCement to double Indocement stake to 65.1%
HeidelbergCement AG plans to double to 65.1 per cent its stake in the Indonesian cement company Indocement, the company said.
OCI Posts 82% earnings growth
Orascom Construction Industries announced consolidated revenue of LE 2,440m with EBITDA of LE 621.4m and net income of LE 340.5m for the first quarter ended 31 March 05. The consolidated results inclu
CSFB controls larger slice of Cimpor
US investment bank Credit Suisse First Boston (CSFB) now controls a total 6.02 per cent of the voting rights in Portuguese cement producer Cimpor, CSFB announced in a report to Portugal’s natio
Holcim plans new bond to refinance debt
Swiss cement group Holcim is planning to issue a new bond worth more than SwFr 300m ($242.9m) to refinance 500 million francs in debt maturing in June, the group said on
Semapa higher as Q1 net improves
Shares in Semapa SGPS rose after the industrial holding company said net profit edged up 2.59 per cent to Euro 12.0m in the first quarter from Euro 11.7m a year earlier, boosted by major changes in it
Gujarat Ambuja to buy stake in ING Vysya
Gujarat Ambuja Cements will execute the first buy-out in the private insurance industry by acquiring 14.87 per cent stake in ING Vysya Life Insurance Company. The cement major will buy out ING Vysya B
Sebi seeks legal opinion on open offer
The Indian Securities and Exchange Board of India (Sebi) has sought legal opinion from its legal department over the issue of clearance of open offer of Accurate Finstock Pvt Ltd (acquirer) and Adani
Ivano-Frankivsktsement posts profits
One of the five largest producers of cement in the Ukraine, the Ivano-Frankivsktsement company, posted UAH 12.981 million in net profit in 2004.
Semen Gresik keen to retain 2004 profit
The management of state-owned cement maker PT Semen Gresik said it has proposed to retain 60 per cent of its net profit earned in 2004. The management wants to retain the profit to finance the const
Ambuja Cement Eastern: reject
Shareholders of Ambuja Cement Eastern can reject the open offer made by the Holcim and Ambuja Cement India, which is now owned by Holcim and Gujarat Ambuja Cement. Brokers recommendation is predicated
Raysut Cement to raise capital
Oman’s cement producer Raysut Cement Co will increase its capital to 20 mln Omani rials ($51.9m) from 15 mln rials ($39m) it was reported on May 26, 2005. The increase will be
Brazil Camargo Correa Q1 2005 net profit soars
Brazilian cement maker Camargo Correa Cimentos, a unit of local construction group Camargo Correa, posted a net profit of 62.7 mln Brazilian reais ($26.03m) for the first quarter
Cementos Portland plans investments 2005-2007
Spanish cement maker Cementos Portland Valderribas SA (Cementos Portland) plans to invest Euro 450m between 2005 and 2007, the company’s CEO, Jose Ignacio Martinez-Ynzenga, said on May 26, 2005.
L&T FY05 net up 85 per cent
Larsen & Toubro (L&T) has reported a 84.7 per cent increase in net profit to Rs 983.85 crore for the year ended March 31, 2005 as compared to Rs 532.75 crore last year. Net sales grew by 36.9 per cent
YTL Corp third quarter pre-tax profit rises
YTL Corp Bhd saw its pre-tax profit rising 29.6 per cent to RM317.9m for the third quarter ended March 31, compared with RM245.3m in the same period a year ago. Its turnover for the quarter improved 1
Cimpor higher as analysts hike estimates
Shares in Cimpor - Cimentos de Portugal SGPS rose, more than reversing yesterday’s losses, as analysts said they will raise their full-year estimates after the cement maker’s first quarter