Cement News tagged under: corporate
Taiheiyo Cement downgrades FY net profit forecast14 November 2007, Published under Cement NewsTaiheiyo Cement Corp decreased full-year net profit forecast 29.7 per cent to JPY22.5bn after increasing net profit 7.9 percent to JPY8.5 billion for the half-year to September 30, 2007. Revenue was up 1 percent to JPY459.4bn. Operating profit decreased 15.2 percent to JPY25.8bn and ordinary profit fell 17.2 per cent to JPY21bn. Earnings per share rose from JPY8.2 to JPY8.4 per share. An interim dividend of JPY20 was declared and an annual dividend of JPY5 per share is estimat... |
Holcim’s open offer to Ambuja Cements begins tomorrow14 November 2007, Published under Cement NewsHolcim’s open offer for over 20 per cent stake in Ambuja Cements will start from tomorrow. In a filing to the Bombay Stock Exchange, Ambuja Cements said, as per the revised schedule the offer would open on November 14 and close on December 3. Further, Ambuja Cements said pursuant to the issue of shares on account of exercise of employee stock options, the fully paid-up equity capital of the company has increased from 152.16 crore to 152.17 crore shares. As a result, the offe... |
Egypt’s Torah Cement 9-month net profit up 10.6 per cent14 November 2007, Published under Cement NewsEgypt’s Torah Portland Cement reported a 10.6 per cent rise in net profit for the first nine months of 2007 to £290.6m (US$52.8m), the stock exchange said on Tuesday. The firm’s net profit for the same period in the same period last year stood at £E262.73m. Torah Cement is a subsidiary of Suez Cement , which is itself majority owned by Italy’s Italcementi . |
Egypt’s Misr Beni Suef Cement says 9-mnth profit up14 November 2007, Published under Cement NewsMisr Beni Suef Cement said its profit for the first nine months of 2007 rose 2.6 per cent to £E211.4m (US$38.44m). The firm made £E206.1m in the same period a year earlier, it said in a statement on the stock exchange Web site, without giving further details. |
Holcim Indonesia seeks new loans to prepay US$214.71m debt13 November 2007, Published under Cement NewsCement maker PT Holcim Indonesia said Tuesday it is proposing to borrow funds to prepay some of its US$214.71m debt. Holcim is seeking to obtain a new loan of US$135m from Cemasco or other Holcim AG-affiliated firms, on top of a US$60m loan from two local banks. The plan will be submitted to shareholders for approval at a meeting scheduled for December 18. The US$214.71m debt is part of the loans that were restructured in 2001. Under the restructuring agreement reached with c... |
Lafarge Asks Albert Frere To Join Board Of Directors12 November 2007, Published under Cement NewsLafarge SA has invited Belgian businessman Albert Frere to join its board of directors, Belgian daily L’Echo reports Friday, citing Lafarge. Frere indirectly controls Belgian holding company Groupe Bruxelles Lambert. GBL owns 17.4% of Lafarge, which makes Frere the company’s main shareholder, according to L’Echo. |
New order for Sinoma in Iran12 November 2007, Published under Cement NewsChina Sinoma International Engineering Co., Ltd announces that its subsidiary recently signed a contract with Iranian Neyriz Grey Cement Company. The Chinese side is a combination between Chengdu Design & Research Institute of Building Materials Industry Co., Ltd. (CDI) and China National Technical Import & Export Corporation. According to their joint agreements, CDI is to take on the engineering design, partial FOB (free on board) equipment supply, test, technology service, and issuanc... |
Lafarge Cement sales in Romania up 58.6 per cent YoY Jan-Sept 200709 November 2007, Published under Cement NewsLafarge’s cement sales in Romania rose 58.6 per cent YoY in terms of value in the first nine months of 2007. In terms of volume, the company’s cement sales in Romania went up by 42 per cent YoY in January to September 2007. The growth rate was the highest registered by Lafarge in central and eastern Europe during the said period of 2007, followed by Russia with 57.5 per cent and Poland with 46.6 per cent. LaFarge’s combined cement sales in central and eastern Europe grew by 50... |
St-Gobain denies held merger talks with Lafarge09 November 2007, Published under Cement NewsFrench building materials group Saint-Gobain denied on Thursday ever having held merger talks with cement giant Lafarge, as French daily Le Figaro reported. "We categorically deny having been in talks with Lafarge in view of a merger between the two groups," said a spokeswoman at Saint-Gobain. Le Figaro reported the two groups had recently discussed a possible tie-up but that Lafarge Chief Executive Bruno Lafont had turned down a proposal on the grounds it did not make industrial... |
Jordan Cement Factories net profit drops09 November 2007, Published under Cement NewsJordan Cement Factories Co (JCFC) posted a net profit of JOD42.4m (US$59.9m) for the first nine months of 2007, down from JOD50.6m ($71.4m) a year ago. Pre-tax profit also decreased to JOD51.5m (US$72.7m) from JOD61.5m (US$86.8m). In 2006, the company registered an increase in sales to 4.7Mt from 3.89Mt a year earlier. JCFC plans to raise its annual capacity to 5.5Mt in 2008. |