Cement News tagged under: corporate
Recent order for GEI Industrial Systems in India16 March 2011, Published under Cement NewsGEI Industrial Systems Ltd, a manufacturer of Cooled Vacuum Steam Condensers (ACSC) and Air Cooled Heat Exchangers (ACHE) has successively secured orders from Ultratech Cement Limited, a cement major under the Aditya Birla Group, for supply of ACSCs to their captive power plants being set up in Andhra Pradesh. Based on GEIs credentials, Ultratech Cement has placed a repeat order with the company, following an earlier one placed in January this year. |
HeidelbergCement proposes increased dividend16 March 2011, Published under Cement NewsThe Managing Board and Supervisory Board of HeidelbergCement decided today to propose to the General Meeting of Shareholders, scheduled for 5 May 2011, an increase of dividend payments by EUR0.13 to EUR 0.25/share. |
Suez Cement declares EGP3.9 dividend, Torah EGP4.316 March 2011, Published under Cement NewsSuez Cement, Egypt’s largest listed cement maker by market value, declared a cash dividend of EGP3.90 ($0.658) per share, the bourse said on Wednesday. The cement firm, a subsidiary of Italcementi, posted a 4.9 per cent decline in 2010 full-year net profit to EGP1.2bn Suez also approved a EGP4.30 cash dividend for its subsidiary Torah Cement, whose 2010 net profit rose 29.6 per cent. In April 2010, Suez and Torah approved a cash dividend of 3.3 and 3 pounds per share respectively. Suez... |
Mangalam Cement’s board appoints executive directors, India15 March 2011, Published under Cement NewsMangalam Cement has informed that the board of directors of the company at its meeting held on March 13, 2011, has appointed Anshuman Vikram Jalan and Vidula Jalan as whole time directors designated as Executive Directors of the company with effect from April 01, 2011, subject to the approval of the shareholders of the company and other necessary approvals, if any. |
Cimentos Liz to bring in up to US$504m through IPO15 March 2011, Published under Cement NewsBrazilian cement producer Cementos Liz is launching an IPO on São Paulo stock exchange Bovespa that could reach BRL837m (US$504m), news service Agência Estado reported. The company said it will sell 47.7m shares through a primary offer, with the option to add two more lots of 7.16m and 9.54m shares in the event of strong investor demand. Cementos Liz expects shares to sell at 10-13 reais each, meaning it could raise up to 837mn reais if all are placed at the maximum price. The offer will b... |
Egypt’s Misr Cement Qena 2010 profit up 21.6%14 March 2011, Published under Cement NewsEgypt’s Misr Cement Qena posted a 21.6 per cent rise in full year 2010 net profit to EGP428.3m (US$72.38m), the stock exchange said on Sunday. Net profit in 2009 was EGP352.3m. |
NSFF will still hold Bamburi shares, Kenya14 March 2011, Published under Cement NewsKenya’s National Social Security Fund (NSSF) has not reached any decision to divest from cement manufacturer Bamburi as had been reported in a Kenyan daily, the fund said in a statement on Friday. The local Business Daily reported on Wednesday NSSF would be selling its 14 per cent in the local unit of Lafarge, which sparked a fall in shares of the Kenyan firm. "The fund still holds a significant number of shares in Bamburi Cement and has not reached any decision to exit from the company,... |
Oman Cement Company full year results14 March 2011, Published under Cement NewsOman Cement Company recorded net income of OMR25m (US$64.9m) in 2010 as compared to OMR24.2m in the previous year. The company achieved an increase in net income despite a drop in production and sales volumes. Reimbursement of OMR7.3m from Government of Oman was the major reason for increase in the net income of the company. Furthermore, the net income growth was lower because of payment of OMR2.2m by the company as social contribution towards resettlement of residents effected by the envir... |
Kuwait Cement posts USD 48m net profit in 201011 March 2011, Published under Cement NewsKuwait Cement Company said yesterday its net profit rose to KWD13.36m (USD 48m) in 2010 from KWD 12.81m a year earlier. Earnings per share (EPS) stood at 22.68 fils in 2010, versus 21.75 fils in 2009. The company’s total assets rose to KWD 258.3m at end-December 2010 from KWD 249.1m a year earlier. The board of directors has recommended to shareholders a 10% cash dividend for 2010, equal to 10 fils per share, in addition to a 5% bonus issue. |
Kenya’s State Pension Fund denies Bamburi stake-sale plan11 March 2011, Published under Cement NewsKenya’s National Social Security Fund will “not necessarily” sell its entire 14 per cent stake in Bamburi Cement Co., Lafarge’s Kenyan unit, disputing an earlier report, Managing Trustee Alex Kazongo said. The state-run pension company “has not reached any decision to exit from” Bamburi, Kazongo said in statement in the Nairobi-based Business Daily today, contradicting a March 9 story the newspaper published, citing Kazongo. |