Cement News tagged under: corporate
Aramit Cement approves 12% cash dividend, Bangladesh30 June 2010, Published under Cement NewsAramit Cement Limited has approved 12 per cent cash dividend for its shareholders for the year 2009, said a press release. The approval was given at the 14th annual general meeting (AGM) of the company at Peninsula in Chittagong recently. Chairman and Managing Director of the company Saifuzzaman Chowdhury presided over the meeting. |
Samruddhi Cement debuts at Rs588/share on BSE30 June 2010, Published under Cement NewsAfter its demerger with Grasim Industries, the shares of Samruddhi Cement Ltd got listed at Rs 588 a share on the Bombay Stock Exchange (BSE). The shares of the company hit an intra-day high of Rs 600 and an intra-day low of Rs 494 on the BSE. On the National Stock Exchange (NSE), the company’s shares were listed at Rs 579.75 before hitting an intraday high of Rs 590. The company has listed with 26.16 crore equity shares having face value of Rs 5 each. The listing was part of the refor... |
India: Samruddhi Cement to list on exchanges today29 June 2010, Published under Cement NewsSamruddhi Cement, a part of the restructuring process of the cement business at AV Birla Group, will list on exchanges today. It will be merged with Ultratech Cements in 4:7 ratio. |
Salonit Anhovo elects new supervisory board, Slovenia29 June 2010, Published under Cement NewsAt a recent shareholders meeting, Slovenian producer Salonit Anhovo appointed a new supervisory board for the next four years. The appointed members include Anthony Salonit Peternel, Jochen Ziegelfussa, Stanislav Debeljak and Stojan Nikolić. |
Qassim plans SAR202.5m 1H dividend, Saudi Arabia28 June 2010, Published under Cement NewsSaudi Arabia’s Qassim Cement Co said on Saturday its board has decided to distribute SAR202.5m (US$54m) in dividends for the first half of 2010 at the rate of SAR2.25 a share. The cement producer said in a statement posted on the Saudi bourse website that the dividend represents 22.5% of its paid-up capital. Shareholders who will be registered at the local bourse on July 28 will be eligible for the dividend, Omar Al Omar, the company’s general manager said. Qassim Cement reported in Apri... |
Pakistan Dewan Group to sell assets to settle debt28 June 2010, Published under Cement NewsDewan Group has proposed to sell its cement and sugar companies to settle billions of rupees worth bank loans in an apparent last ditch effort to remain afloat, people close to the development said. Top Pakistani bankers were set to meet on Friday to discuss whether the four companies should be liquidated or sold to some other business group, which could turn them around to pay off their liabilities, they said. “The group has over PKR50bn in debt,” a banker said. “In some cases, banks have ... |
CMA approves Al Jouf Cement IPO, Saudi Arabia28 June 2010, Published under Cement NewsSaudi Arabia’s Capital Markets Authority (CMA) said on Sunday it approved an initial public offering (IPOs) for Al Jouf Cement Co to be completed before the end of the year. Al Jouf Cement Co. will offer 50 per cent of its shares to the public, or 65 million shares at SR10 (US$2.7) a share, the regulator said a statement on Sunday. The offering will take place from July 19-25, making it the ninth cement company to be listed on the Saudi stock exchange. |
Arkan Building Materials outlook27 June 2010, Published under Cement NewsDespite the construction slowdown Arkan Building Materials had a net profit of Dh19.2m for the first quarter compared with a loss of Dh91m for the same period last year. Mr Kumar expects the company’s second-quarter results to be in line with the first quarter, at best. The Dh91m first-quarter loss last year was attributable to the performance of Arkan’s investment portfolio – which consisted of stocks in the UAE markets and property – when the global downturn occurred. The company trimme... |
Garadagh Cement not to pay dividends for 200927 June 2010, Published under Cement NewsAt a recent shareholders meeting Azerbaijan producer Garadagh Cement said it will not to pay dividends for 2009. It said the company had decided not to pay dividends for the past year in connection with of a new dr-process line. Holcim is the company’s key shareholder. The European Bank for Reconstruction & Development Bank and Azerbaijan Investment Company own by 10% in equity capital. |
Local companies: lending rates still too high, Indonesia27 June 2010, Published under Cement NewsIndonesian companies say bank lending rates that are well above Bank Indonesia’s benchmark rate are putting them at a disadvantage to their regional counterparts and hampering private-sector growth. The central bank has cut its benchmark rate from a record high of 12.75 per cent to 6.5 per cent by last August, its lowest level since its introduction in July 2005. But the average bank lending rate was still 12.5 per cent in June, down from 14.43 per cent in January. Domestic companies s... |