Cement News tagged: Corporate
Fujairah Cement reports Dh67.3m net profit
Fujairah Cement Industries Company has reported a substantial surge in net profit to Dh67.335 million during the first six months of the year, against Dh42.526 million of previous comparable period –
Gujarat Ambuja cements announces 4Q results
Gujarat Ambuja Cements Ltd., has announced the following results for the quarter and year ended June 30, 2005: The unaudited results for the quarter ended June 30, 2005 are as follows: The company h
Cemex Germany says it intends to fight damages claim
A spokesman for Cemex Germany, said the company intends to defend itself against a EUR140 million damages claim being brought against it, and two other German-based cement producers, by 28 corporate c
Jordan Cement raises profits
Jordan Cement Factories Company (JCFC) increased its profit during the first half of this year by 16 per cent to JD30.76 million. Sales to the local market increased by 16 per cent, reaching 1.86 mill
Lafarge’s first half cement volumes slightly ahead
Lafarge Group turnover rose by 6.3 per cent to €7,220m in the first half of the year, of which cement contributed €3,797m, an increase of 6.9 per cent. Cement deliveries were 0.9 per cent higher, or
Siam Cement Reports significant rise in net profit
Siam Cement PCL, Thailand’s dominant industrial conglomerate, said its second-quarter net profit jumped 13 per cent from a year earlier on higher petrochemical and cement prices. But net profit
Colombia’s Argos H1 net nearly doubles on sales
Colombia’s biggest cement-manufacturing group, Cemento Argos , almost doubled net profits in the first half of the year compared to the same period of 2004 due to higher income from affiliates&r
Cementos Pacasmayo reports H1 profits dip
Peruvian cement company Cementos Pacasmayo posted a 30.1m-sol (US$9.24m) net profit for the first half of 2005, down slightly on the 31.1mn-sol figure from the same period last year, according to info
Manuel Fino buys 3.3 per cent of Cimpor
Portuguese entrepreneur Manuel Fino has boosted his stake in the share capital of local cement producer Cimpor-Cimentos de Portugal SGPS by 3.3 per cent, it was reported on
Oman’s Raysut Cement H1 profit rise
Oman’s Raysut Cement reported a 49 per cent increase in first-half net profit to 5.02 million rials (US$12.9m), as it cranked up output to feed a construction boom in the region. The company sa
India Cements to issue GDRs
India Cements Ltd has decided to issue global depository receipts or other securities to raise up to US$115m. The proceeds of the global issue of equity are likely to be used to swap high cost debt. T
Ciments du Maroc to buy Suez Cement stake
The board of directors of Moroccan cement company Ciments du Maroc (majority owned by Italcementi) decided on July 22, 2005 to buy a 13.4 per cent stake worth 1.2 bln Moroccan dirhams (Euro 109m) in t
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.