Cement News tagged under: corporate
Groupe Bruxelles Lambert increases stake in Lafarge06 February 2008, Published under Cement NewsGroupe Bruxelles Lambert (GBL) has acquired an additional 0.35 million shares, representing a 0.2% stake, in Lafarge for EUR39m, according to Belgian daily L’Echo . GBL has increased its stake from 17.4% to 17.6%. |
Nigeria: Dangote to List Obajana Cement On NSE06 February 2008, Published under Cement NewsNigeria’s highest manufacturing cement company, Obajana Cement will soon be listed on the Nigerian Stock Exchange (NSE) to pave way for investors in the country to share in its good fortune, Alhaji Aliku Dangote chairman of the company, has said. He said the company that has a production capacity of 10Mta would further help in the alleviation of housing projects in the country even as it will put the pricing of the products in proper perspective. |
Spain’s Bipadosa Raises Stake In Portugal’s Cimpor To 5%05 February 2008, Published under Cement NewsCimpor said in a regulatory filing late Monday that its Spanish peer Bipadosa SA had raised its stake in its share capital to just over 5%. Bipadosa acquired 175,000 Cimpor shares Jan. 30 and now owns some 33.7 million shares. The filing didn’t what the previous stake was, but Bipadosa has been building its stake in Cimpor since last year. In September, Bipadosa raised its stake to 2.3% from 2%. According to Portugal’s market laws, companies must disclose stakes in other compa... |
Union Cement Company announces preliminary 2007 financial results, UAE04 February 2008, Published under Cement NewsUnion Cement Company achieved increase in sales revenue of AED 675m compared to AED 401m last year which 70% higher than last year. The cost also was increased due to the increased of fuel and raw materials. Net Profit for 2007 registered AED 172.49m compared with AED 178.83m in 2006. Meanwhile, total assets increased to AED 910m compared to AED738 YoY. |
India Ambuja Cements net profit up 29% in 200704 February 2008, Published under Cement NewsIndia’s third biggest cement maker Ambuja Cements Ltd on Friday reported an increase of about 29% in its consolidated net profit in 2007 driven by higher sales, which were aided by higher cement prices and improved realisations. The company’s consolidated net profit for the year ended December rose to Rs1,846.11 crore, from INR1,435.18 crore reported in the comparable year-ago period. Cement sales rose 3% for the period under consideration. The company’s net sales, on a consolidat... |
Eagle’s cement profits improve01 February 2008, Published under Cement NewsIncluding its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials declined by 13.9% to US$677.4m, with most of the reduction coming in the plasterboard activity. As a result of the deterioration in plasterboard prices and volumes, cement is now the leading contributor to turnover. In spite of a 23.1% increase in the cement profit, the group trading profit before corporate overheads declined by 37.7% to US$173.5m, with cement now contributing 53.9% of the group to... |
Businessman Joe Berardo targets stake hike in Cimpor01 February 2008, Published under Cement NewsPortuguese businessman Joe Berardo has acquired an almost one per cent stake in Cimpor and is targeting hiking his stake in the cement maker. ’I already have almost one per cent of Cimpor, and am always looking for a good deal and the shares are cheap right now,’ Berardo said in the interview. Berardo sold a 4.5 per cent stake in Cimpor in February 2006, and last summer saw his offer to buy Banco Comercial Portugues’ 10 per cent stake in the cement maker reject by the bank, the pape... |
Saudi Arabian Cement Co to vote US$80m Dividend Feb 27, 200801 February 2008, Published under Cement NewsSaudi cement producer Arabian Cement Company (ACC) has called an ordinary general meeting for February 27, 2008, which is to approve the board’s proposal for a SAR300m (US$80m) cash dividend for 2007. The company has already distributed SAR60m (US$16m), equal to 1.0 riyal (US$0.27) per share as dividend for the first half of 2007, and is to approve the distribution of SAR240m (US$64m), or SAR3.0 (US$0.8) per share for the second half of 2007. In mid-December 2007, ACC said it plan... |
JK Cement net up 60 per cent31 January 2008, Published under Cement NewsDelhi-based JK Cement today registered 60 per cent jump in net profit at Rs 80.2 crore for the third quarter ended December 31, 2007, compared to Rs 50.2 crore in the corresponding quarter of the previous fiscal. The total income of the firm increased 22 per cent at Rs 389.9 crore for the quarter, against Rs 319 crore in the corresponding quarter of the previous year. The refurbishing of the acquired assets of Nihon Nirman by JK Cement is be executed and is expected to be put in... |
China regulator approves Anhui Conch Cement’s planned additional A-share issue31 January 2008, Published under Cement NewsThe China Securities Regulatory Commission said it has approved Anhui Conch Cement’s planned additional A-share issue. Anhui Conch said earlier that it plans to sell up to 200 mln additional A shares this year to fund projects worth 12.04 bln yuan. After the share sale, the company plans to spend 6.23 bln yuan on technology upgrade, and around 3.29 bln yuan to improve energy efficiency. It also plans to spend 2.52 bln yuan on environment-related endeavours and repayment of bank loa... |