Cement News tagged: Corporate
Cementos Argos to offer Bonds worth US$105m
Cementos Argos, Colombia’s biggest cement maker, on Wednesday will sell as much as 250 billion Colombian pesos (US$105m) worth of bonds maturing in six months and one year
Sinai Cement net profit climbs
Egyptian Sinai Cement Company’s (SCC) net profit jumped to E£147.3m (US$25.6m) in the first half of 2006 from E£65.5m (US$11.4m) in the year-ago period,
Moody’s increases Cemex outlook to positive
Moody’s has changed the outlook on Mexican cement company Cemex’s senior unsecured debt - around US$62m rated at Baa3 - from "stable" to "positive,"
KHD reports higher earnings
KHD Humboldt Wedag International Ltd announces results for the quarter and six months ended June 30, 2006.
Boral sees civil engineering supporting Australian construction volumes
In its financial year to the end of June, Boral increased turnover by 10.7% to Aus$4,767m (€2,864m) with the EBITDA moving up by a more modest 3.7% to Aus$823m (€494m), while the pre-tax profit declin
Balala says leave Lafarge alone, Kenya
Mvita MP Najib Balala has defended Lafarge Cement Company against claims of monopolistic practices in Kenya.
UAE cement stocks rise
A rally in cement stocks dominated the latest session in Abu Dhabi. Cement Company led turnover in Abu Dhabi, jumping 6.75 per cent to 4.43 dirhams. The stock hit a one-month high of 4.53 dirhams duri
Egypt stocks rise, led by cement sector gains
Egyptian shares rose in thin volume on Sunday, with cement companies gaining on what traders said were hopes of an imminent truce in Lebanon followed by large scale rebuilding. "Maybe the cement compa
Portland ownership structure set for review
East African Portland Cement Company (EAPCC) major shareholders have agreed to review the firm’s ownership structure. Trade and Industry Permanent Secretary, Mr David Nalo, said the review was necessa
Trinidad Cement financial reviewed
Amidst an environment of increasing prices and cement demand, Trinidad Cement Limited (TCL), the Caribbean’s premier cement provider, delivered a weak half year performance (report local financi
Madras Cements on expansion mode
Madras Cement, India, expects a healthy balance sheet for the year given the surging demand for cement and the increase in prices, according to its Executive Director - Finance, Mr A.V. Dharmakrishnan
Yanbu Cement to pay higher dividends
Saudi cement producer, Yanbu Cement Company (YCC), will pay a cash dividend of 52.5 mln Saudi riyals (US$14m) for the first half of 2006, the company said on August 10, 2006. The dividend equals 0.5 r
JK Lakshmi Cement can give shareholders good returns
Jigar Shah of KR Choksey Securities is of the view that JK Lakshmi Cement can give 40-50% appreciation in a year. Shah told CNBC-TV18, “If one looks at Q1 numbers, cement has been the most impressive
Siam Cement profit to rebound on prices
Siam Cement Plc, 30 percent-owned by the Thai royal family, said profit in the third quarter may rise for the first time in five periods as record petrochemical product margins counter a decline in bu
US Concrete 2Q profit climbs
US Concrete Inc posted a 19 per cent jump in profit, but results missed Wall Street’s forecast, and shares of the cement and concrete maker sank in morning trading.
Spain Bipadosa raises stake in Cimpor, Portugal
Spanish company Bipadosa has raised its stake in Portuguese cement company Cimpor - Cimentos de Poertugal SGPS to 2.326 pct of the share capital, and 2.336 pct of the voting rights, Cimpor informed in