Cement News tagged: Corporate
Anhui Conch: favoured stock says Citigroup
Anhui Conch Cement, China’s biggest cement maker, is among stocks favoured by a senior Citigroup analyst, because of increasing construction in the world’s fastest-growing major economy. "
Philippines’ SEC orders Cemco to set tender offer
The Philippine Securities and Exchange Commission has ordered Cemco Holdings Inc to make a tender offer to other shareholders of Holcim Philippines Inc, formerly known as Union Cement Corp (UCC). Cemc
Ssangyong cement net profit tumbles in 2004
Ssangyong Cement Industrial Co said Thursday that its net profit plunged 56.42 per cent on-year to 83.2 billion won (US$81.04m) in 2004. Operating profit also sank 47.23 per cent to
Govt court battle with Cemex looms
The government has indicated it may continue its legal battle against Mexican cement giant Cemex SA at the international arbitration court, following a deadlock between both parties in the negotiation
Peruvian Pacasmayo posts higher profits
Peruvian cement producer Cementos Pacasmayo posted a 73.5 mln Peruvian soles (US$22.6m) net profit for 2004, up 26 per cent year-on-year, Pacasmayo said on February
Open offer for Everest
The open offer for Everest Industries Ltd by Accurate Finstock Pvt Ltd and Adani Port Infrastructure Ltd for 20 per cent of its voting equity share capital will be at Rs 147 a share of face value Rs 1
Gujarat Ambuja exits AP cement firm
The Gujarat Ambuja group, which had entered a strategic alliance with the world’s second largest cement maker, Holcim, to make an open offer for ACC, has quietly divested its 7%-plus shareholdin
Japan’s Taiheiyo Cement 9 month data
Taiheiyo Cement Corp’s nine months to December results: Revenue - 634.6 bln yen vs 649.4 bln Operating profit - 33.2 bln Current profit - 25.2 bln Net profit - 14.6 bln EPS - 15.71 yen There wer
Holcim Romania Launches Online Construction Guides
Holcim Romania, a subsidiary of Swiss cement company Holcim Ltd, launched online miniguides addressing professional building companies, architects and other users with interests in the construction in
Cemex RMC buy gets conditional FTC approval
Mexican cement maker Cemex has won conditional approval from the US Federal Trade Commission to proceed with its planned US$5.8bn purchase of Britain’s RMC Group PLC. Approval from US trade off
Yanbu Cement board recommends dividend
The management board of Saudi cement producer Yanbu Cement Company (YCC) proposed on February 3, 2005 a cash dividend payment of 20 Saudi riyals ($5.33) per share
Buzzi Unicem’s underlying cement sales higher
The Buzzi Unicem group sold 31.9Mt of cement in 2004, unchanged in absolute terms, but up by 1.8 per cent on a comparable structure, after allowing for the divestments by
Kuwaiti Hilal Cement profits fall
The net profit of Kuwaiti cement and building materials trader Hilal Cement Company fell to 1.76n Kuwaiti dinars (US$6.0m) in 2004 from 2.25m dinars (US$7.7m) in 2003. The
Buzzi Unicem’s underlying cement sales 1.8% higher at 31.9Mt
The Buzzi Unicem group sold 31.9Mt of cement in 2004, unchanged in absolute terms, but up by 1.8% on a comparable structure, after allowing for the divestments by Dyckerhoff in the early part of last
Vicat turnover at EUR 1.61bn in 2004, France
French building materials supplier Vicat SA reported a turnover of EUR1.61bn (US$2.1bn) for 2004, up 9.7 per cent YoY.
Mangalam Cement revival plan gets BIFR nod
The Board for Industrial and Financial Reconstruction (BIFR) has given its nod for an Rs 213-crore revival package for Mangalam Cement Ltd (MCL). The cut-off date for the scheme is April 1.