Cement News tagged: Corporate
Gujarat Ambuja July-Sept quarter net leaps, India
Gujarat Ambuja Cements LtdIndia’s third-biggest cement maker by capacity, said quarterly profit surged as it benefitted from a boom in export prices.
SG wraps up Semen Padang audit with negative adjustment, Indonesia
State-owned PT Semen Gresik (SG), the country’s largest cement producer, has completed a forensic audit on its subsidiary PT Semen Padang, with possible losses resulting from irregularities comm
Texas Industries Names Rogers Chairman, USA
Texas Industries Inc., a supplier of cement, concrete and steel products, said Robert D. Rogers was named chairman Tuesday at the company’s annual shareholder meeting.
UltraTech begins debt revamp
Ultratech Cement, a subsidiary of Grasim Industries, has begun its much-touted debt restructuring programme and has already reduced its debt burden to Rs 1,550 crore, from Rs 1,800 crore when it acqui
Anhui Conch 3Q net profit narrows, China
Anhui Conch Cement Co, China’s largest cement producer, said it earned a smaller net profit in the third quarter than in the same period last year, as government measures to slow the economy beg
Lafarge sales growth set to slow in Q3
Lafarge SA is expected to report Thursday a slowdown in sales growth for the third quarter after weather-related strength in the first half, but will likely reiterate its full-year outlook for operati
Profit boom for RAK Cement, UAE
The ongoing construction boom in the UAE sent profits spiralling 205 per cent upwards at Ras Al Khaimah Cement to USD18.9m in the first nine months of the year. Cement companies in the UAE have benefi
Saudi producer results
According to local news reports, Saudi Southern Province Cement Company recorded SR 220.3m ($58.7m) net income in the first nine months of the current year compared with SR 203.3m ($54.2m) in the corr
Cemex completes cash tender offers
Cemex has completed cash tender offers for its 12.75% notes due 2006 and 9.625% notes due 2009, it announced.
Taiwan’s cement makers posted strong nine month results
Despite flat performance in shipment, Taiwan’s major cement producers witnessed their sales and earnings grow significantly in the first three quarters of this year.
Thai TPIP creditors to vote on debt plan Oct 28
Thailand’s number three cement maker, will meet on Oct. 28 to vote on the company’s new debt restructuring plan, a creditor source said on Friday.
More corporate activity likely
In a new report, analysts at JP Morgan expect further corporate activity in the cement and aggregate industries, reflecting both further consolidation in both industries and vertical integration betwe
Moody’s Reviews Mitsubishi Materials
Tokyo, October 14, 2004 -- Moody’s Investors Service today placed on review for possible upgrade the Ba1 long-term debt ratings of Mitsubishi Materials Corporation (Mitsubishi Materials). The re
Ghana and the IFC
Ghana is conspicuously missing from the scheme of activities of the International Finance Corporation (IFC), a member of the World Bank Group (notes a local news report). Since 2002, IFC, which deals
Dniprotsement Increases production
The Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) increased cement production by 55,000 tons or 42% to 186,000 tons during the third quarter of 2004, compared with the corresponding
Thai TPI Polene Q3 net profit down
TPI Polene PCL, Thailand’s third largest cement maker, said on Tuesday its third-quarter net profit fell 94 percent on the year due mainly to foreign exchange losses and a fall in domestic cemen