Cement News tagged under: corporate
Saudi Southern Cement Q2 profit up 19.5 per cent14 July 2008, Published under Cement NewsSouthern Province Cement Co , Saudi Arabia’s second-largest cement maker by market value, posted a 19.5 per cent rise in second-quarter net profit, according to figures published by a local newspaper on Monday. Southern Province, which began operating a third plant in February, made profit of SAR465m ($124m) in the six months to June 30, up 32.5 per cent from a year earlier, al-Watan newspaper reported, quoting the company’s board. Southern Province said it planned to offer shareholders a ... |
Holcim Executive Committee to be enlarged14 July 2008, Published under Cement NewsHolcim Ltd said Hansueli Hee, member of the executive committee since 1998, will step down as of October 31, 2008 to retire. The board of directors has decided to enlarge the executive committee and appointed Urs Boehlen, area manager of Holcim, and Patrick Dolberg, Chief Executive Officer of Holcim U.S., new members of the executive committee. Boehlen will be taking over responsibility for Eastern/Southeastern Europe and the CIS/Caspian as of Nov. 1, 2008. As of the same date, Patrick Dol... |
Pfister welcomes European dosing experts in Germany09 July 2008, Published under Cement NewsMore than 30 weighing and dosing experts of Europe’s most important cement manufacturers participated at “Pfister Dosing Days 2008” which were held in Augsburg/Germany. The seminar was initiated for the second time by Pfister GmbH, a leading worldwide suppliers for dosing technologies for cement and minerals as well as coal-fired power plants. Under the slogan ”cost and emission reduction by intelligent dosing technologies“ the most current technical trends were presented and discussed. Bo... |
GBL Bought EUR104m worth of Lafarge shares June 2003 July 2008, Published under Cement NewsBelgian Financier Albert Frere’s holding company Groupe Bruxelles Lambert acquired EUR104m worth of shares in Lafarge June 20, according to a filing with French stock exchange authority Autorite des Marches Financiers Wednesday. According to the filing, GBL acquired EUR104m worth of shares at EUR103.50 a share June 20. Groupe Bruxelles Lambert is an entity linked to Lafarge board members Thierry de Rudder and Paul Desmarais Jr. In a letter filed by the AMF April 22, GBL said it held 20... |
Holcim Indonesia’s new plant cost rise by 43 per cent02 July 2008, Published under Cement NewsThe construction of new cement plant of PT Holcim Indonesia Tbk in Tuban cost have increased by 25 per cent to 43 per cent as from US$420m or IDR3.88trn into US$525m to US$600m. The investment sharp increase here was triggered by the skyrocketing steel and fuel prices. Relationship Management Director Holcim Indonesia Rusli Setiawan said the company will seek bank loan to cover the needs for the cost. Holcim has been selecting some banks in its bid to attain the most benefiting loan sche... |
Boral tipped to sell Adelaide Brighton stake02 July 2008, Published under Cement NewsBuilding products group Boral Ltd is tipped to sell down its A$400m, 19.9% stake in cement maker Adelaide Brighton Ltd, The Australian Financial Review reports Wednesday. Without citing its sources, the newspaper’s Street Talk column says the company is under pressure to raise some cash, with an equity raising considered the less palatable option. |
Italcementi names Giovanni Maggiora new CFO02 July 2008, Published under Cement NewsItalcementi SpA said Tuesday it has named Giovanni Maggiora as its new chief financial officer to replace Giorgio Bodo, who recently resigned. Italcementi said Maggiora joined the company last year from carmaker Fiat SpA. The CFO will also hold the same position at Italcementi-controlled Ciments Francais SA. |
National Bank of Egypt sells stake in local producer02 July 2008, Published under Cement NewsState-owned National Bank of Egypt has sold its holdings in Misr Cement Qena along with five other companies for a combined total of E£5.29bn (US$993m). The other companies are Abu Qir Fertilisers and Chemicals, Ezz Dekheila Steel, Egyptian Resorts, Alexandria Mineral Oils Company (AMOC) and Sidi Kerir Petrochemicals. According to financial daily Al Mal said on Tuesday. the sales were probably prompted by the failed attempt last week to auction off the state-owned bank Banque du Caire. |
Qatar National Cement semi-annual primary financial results01 July 2008, Published under Cement NewsThe board of directors of Qatar National Cement held a meeting on 29 June to discuss the primary financial results for the first half of 2008. Shareholder equity rose to QR1.65bn ($453.4m). Whereas, the revenues originated from sale of cement products, such as Ordinary Portland Cement, Sulphate Resistant Cement, Hydrated Lime and Calcined lime, rose to QR620m ($170.4m). Net profit rose to QR251m (US$68.9m). While the earning per share stood at around QR7 ($1.92). The company said it will d... |
Sibirsky Cement RAS net profit soars to RUB1.64bn in 200727 June 2008, Published under Cement NewsThe net profit of Russian holding Sibirsky Cement more than doubled to RUB1.642bn in 2007 from RUB739.090m in 2006, as calculated under Russian Accounting Standards (RAS), the company said in a report obtained by Prime-Tass Thursday. The company’s revenue more than doubled to RUB2.515bn in 2007 from RUB1.131bn in 2006. Pretax profit more than doubled to 2.185 billion rubles from RUB981.239m. As of December 31, the company’s assets amounted to RUB4.167bn, up 27% from December 31, 2006. |