Cement News tagged: Corporate
Egyptian Alexandria Cement net profit climbs
Egyptian cement producer Alexandria Cement registered a surge in consolidated net profit to 194 mln Egyptian pounds (US$33.8m) in 2005, compared to 52.3 mln pounds (US$9.1m) in 2004, the company said
Heracles shows higher earnings
Heracles General Cement Company has reported consolidatedprofits before tax of Euro 134.1m in 2005 and earnings for the parent company of Euro 123.4m in the same year.The Heracles Group of Companies p
Texas Industries 3Q down
Texas Industries Inc.’s (TXI) fiscal third-quarter profit fell 29 per cent from a year-earlier period that included income of US$14.5m from discontinued operations. The Dallas cement producer sa
Ministry forecasts US$1bn in Japanese investment
Vietnam expects to draw US$1 billion in foreign direct investment (FDI) from Japan this year, according to the Ministry of Planning and Investment (MPI). Japan is ranked as third on the list of invest
Profit-booking in India Cements
Southern Indian cement maker India Cements is seeing sizeable selling by foreign-based funds. On Wednesday, CLSA sold 1.1 million shares at Rs 161. CLSA’s sale comes after ABN AMRO Bank sold 1.0
Colombian Argos plans
Colombian cement producer Cementos Argos is planning to enter the oil and hydroelectric business, according to modifications to its statutes approved during the latest shareholders’ assembly. In
Gresik to miss March 31 deadline
Indonesia’s largest cement maker PT Semen Gresik will miss the March 31 deadline for reporting its 2005 audited financialresults, investor relations head Agung Wiharto said. "We won’t make
Lafarge to bid for Semen Gresik stake?
According to the Indonesian government, French building materials group Lafarge is among the bidders for a 25 per cent stake in PT Semen Gresik, Indonesia’s leading cement group.The holding, val
Lafarge and the Sarbanes-Oxley Act
Lafarge announces the results of its assessment of its internal control over financial reporting, carried out in accordance with the provisions of section 404 of the Sarbanes-Oxley Act. These results,
Portland Cement quizzed on auditing procedures
Analysts have asked Portland Cement Limited, whose majority shareholder is Lafarge, to engage an independent auditing firm to investigate the financial scam that has resulted in the loss of K258 milli
FLSmidth and Iraq’s oil for food programme
The Public Prosecutor for Serious Economic Crime has decided to raise charges against FLSmidth A/S as well as against several other Danish companies.
Holcim open offer for Guj Ambuja rescheduled, India
Holcim’s open offer, to acquire 20 per cent stake from the shareholders of Gujarat Ambuja Cements (GACL), has been rescheduled for later this week. The offer, at Rs 90.64 per share, was delayed follow
Yanbu Cement to triple its dividends, Saudi Arabia
Yanbu Cement Co announced yesterday that it will triple its dividends for the second half of 2005. The company will pay SR15/share in dividends for the second half, following a six-per cent increase i
Misr Beni Suef Cement 2005 profit jumps, Egypt
The net profit of Egyptian Misr Beni Suef Cement (MBSC) jumped to E£132.8m (US$23.2m) in 2005 from E£51.5m (US$9m) in 2004, the company said in a statement to Cairo and Alexandria Stock Exchanges (CAS
Saudi Cement Co net profit rises
Saudi Cement Company (SCC) posted a net profit of 484.3 mln Saudi riyals ($129.1m) for 2005, up from 437.5 mln riyals ($116.6m) a year ago. The increase was supported by a rise in total revenue to 56
Ambuja Cement Eastern’s managing director resigns
Ambuja Cement Eastern Ltd. said its managing director, Harshavardhan Neotia, had resigned and will act as an additional director. The company also said on Monday its board had appointed Ramit Budhraja