Cement News tagged: Corporate
Saudi Tabuk Cement posts higher profits
Saudi cement producer Tabuk Cement Company (TCC) has posted a net profit of 128.6 mln Saudi riyals ($34.3m) for 2004, up from 75.7 mln riyals ($20.2m) for 2003, according to the company’s board
Shree Cement net zooms
Shree Cement Ltd has recorded a 111 per cent jump in its net profit for the nine months ended December 31, 2004 over the corresponding period in 2003-04. The company posted a profit of Rs 59.42 crore,
ACC net up 137.8 per cent
Associated Cement Companies Ltd (ACC) India has recorded a 137.8 per cent increase in net profit at Rs 53 crore for the third quarter ended December 31, 2004 as compared to Rs 22.32 crore for the same
Salonit Acquires Kema Puconci
Cement manufacturer Salonit Anhovo has acquired a 84.78 per cent stake in its counterpart Kema Puconci in a friendly takeover bid that expired on 17 January. Salonit had already owned 24.97 percen
Maltsovsky Portlandcement production higher
Maltsovsky Portlandcement produced 3.6Mt of cement in 2004, up two per cent from the figure posted in 2003.
Holcim confirms Aggregate Industries takeover bid
The Boards of Holcim and Aggregate Industries are pleased to announce that they have reached unanimous agreement on the terms of a recommended cash offer to be made by Holcim to acquire the entire ord
Gujarat Ambuja Q2 net jumps 50 per cent
Gujarat Amuja Cements Ltd, India’s third-biggest cement maker by capacity, reported on Thursday a 50 per cent jump in quarterly earnings, buoyed by strong shipments and firm prices. Gujarat Am
Cemex Colombia net sales rise
Cemex Colombia, the Colombian subsidiary of Mexican cement maker Cementos Mexicanos (Cemex), the third largest cement maker worldwide, posted net sales of US$263m, up 21 per cent year-on-year, it was
Portugal Madeira to sell stake in Cimentos Madeira
The Regional Government of Portugal’s autonomous region of Madeira Island plans to sell its entire 8.0 per cent stake in the regional cement company Cimentos Madeira in 2005, it was reported on
Atlas searches for investor
Atlas, leader in the domestic market for construction chemicals, continues its search for funding for its own cement factory. The task is a difficult one, considering the currently unfavorable market
India Cements to explore steps to reduce debt costs
INDIA Cements Ltd will continue to look at steps to infuse fresh money into the company to reduce the cost of debt and to bring down the number of lenders, according to Mr N. Srinivasan, Vice-Chairman
Lafarge buys out minority shareholders
Lafarge said Tuesday it paid US$141m to buy out minority holdings retained by the State of Wisconsin Investment Board in its businesses in South Korea, India and Japan. In a statement, Paris-based La
Cemex net profit more than triples
Cemex said on Tuesday its net profit for October-December was US$334m, up from US$91m in the same period a year earlier, also boosted by foreign exchange gains versus a currency loss in the fourth qua
Inteko Pushka increases output
In October-December, Kramatorsk-based cement plant Pushka (Donetsk region) increased its production volume in comparative prices by 12.2 per cent or UAH 2.063m up to UAH 19.01m from the same period in
Foreign shareholding up in cement sector
Foreign shareholding in Indian cement companies have gone up during the last quarter, indicating strong overseas investors’ confidence in Indian infrastructure sector as a whole and cement indus
Aggregate speeds Holcim deal
Aggregate Industries, the UK-based construction products group, has speeded up the timetable for its takeover by Holcim and could announce a pounds GBP1.8bn agreed deal as early as Thursday. Holcim, t