Cement News tagged under: corporate
Jiangxi Cement to Net RMB18M in profits17 August 2007, Published under Cement NewsJiangxi Cement realized RMB11.4874M in net profits in the first six months of 2007, according to its operational results report released today. The production and operational results are expected to continue to increase steadily from July to September. Compared to the net profits of RMB2.3821M in the first nine months of last year, Jiangxi Cement’s operational results are expected to soar and total net profits to reach approximately RMB18M in that period this year. |
Monarch Cement’s cash flow sees sizeable gains17 August 2007, Published under Cement NewsCash flow from operations for The Monarch Cement Company for its quarter ended June 30, 2007 was $4,541,895, a 65% increase over the year earlier same quarter when Monarch Cement generated $2,747,807. For Monarch Cement’s twelve months ended June 30, 2007 Cash Flow from Operations was $17,229,836, compared with $22,360,958, a 23% decrease over the comparable year earlier twelve months. |
KKR enters Chinese cement sector17 August 2007, Published under Cement NewsBuyout giant Kohlberg Kravis Roberts is nearing completion of its first China purchase after raising 3 billion yuan ($400 million) in loans from mainland Chinese banks - a structure that may set a precedent for getting deals done in a difficult Chinese private equity market. KKR is reportedly buying 44 per cent of Chinese cement maker Tianrui Cement Co. Ltd. alongside the International Finance Corp. (IFC), the private sector arm of the World Bank, which is acquiring a five per cent stake... |
China’s Anhui Conch shareholders approve share sale16 August 2007, Published under Cement NewsAnhui Conch Cement Co Ltd said its shareholders have approved the sale of an additional 200m A-shares of the company to institutional as well as individual investors. The company said earlier that proceeds from the share sale will be used to construct a sizeable number of cement and power generation plants costing 12.04 bln yuan. Anhui Conch’s Shanghai-listed A-shares last traded at 57.07 yuan on Tuesday, up 3.48 per cent. |
Banks to provide loan to Spasskcemen16 August 2007, Published under Cement NewsThe Siberian branch of Raiffeisenbank Austria and the Vladivostok branch of Impexbank have signed an agreement to provide a club loan to Spasskcement based in Spassk Dalny (Russia’s Far East). The loan will total RUR300mn ($11.8m), with each bank providing its half of the loan for three years. Raiffeisenbank Austria and Impexbank are subsidiaries of Austria’s Raiffeisen International Bank-Holding AG. |
Jidong Cement’s net profits soar16 August 2007, Published under Cement NewsJidong Cement’s sales volume of cement and clinker reached 9.3577Mt in the first half of 2007, up 25.95% year-on-year, according to the 2007 interim report released by this Chinese company on August 14th. The company realized RMB142,683,170 in business income in the period, up 27.7% year-on-year, with the net profits at RMB14,753,660, up 89.47% year-on-year. The earnings per share reached RMB0.1532 exceeding the RMB0.0782 per share in the same period of last year. |
Smaller companies back in focus16 August 2007, Published under Cement NewsIndian analysts suggest that JK Cement, JK Lakshmi Cement, Birla Corporation and Century Textiles currently appear most attractive on mid-cap valuations. Given that the asset valuation of some of the smaller companies now appears attractive on current capacities and even more on expanded capacities, we could see some industry consolidation, analysts said. In the past few years, the domestic industry has witnessed some buyouts, leading to creation of two major groups” ACC-Gujarat Ambuja u... |
Thailand’s Siam City Cement earnings slightly15 August 2007, Published under Cement NewsSCCC reported a 2Q07 net profit of Bt945mn, down 6.8% YoY and 17.1% QoQ. The results were 4% lower than the market expected due to lower-than-expected domestic sales volume. Its 1H07 net profit accounted for 47% of our full-year forecast. Note that the company announced an interim dividend payment for 1H07 of Bt6.50 per share. Sales dropped due to muted domestic demand outweighing the rise in export volume Bank of Thailand figures show that Thai domestic cement sales declined to 6.6Mt in 2Q... |
Vietnam: Machinery giant looks to industrial investment15 August 2007, Published under Cement NewsThe Vietnam Machinery Assembling Corporation Lilama has so far this year invested almost 2 trillion VND in hydro and thermal-power projects and cement factories. The Vung Ang 1 thermal-power project alone is set to cost the compnay 1.2 billion USD. With a capacity of 1,200 MW, the ground and site have been cleared and is ready for construction. Other projects included the Thang Long Cement Plant with an annual capacity of 2.3 million tonnes of clinker and the Song Thao Cement Plant scheduled... |
KHD Humboldt Wedag International reports15 August 2007, Published under Cement NewsKHD Humboldt Wedag International Ltd today announced results for the second quarter and six months ended June 30, 2007. All figures are in US dollars and earnings per share amounts are on a diluted basis. For the six months ended June 30, 2007, KHD reported revenues from continuing operations of $270.0 million and income from continuing operations of $22.9 million, or $1.52 per share. The 2007 revenues are an increase of 89 percent over the revenues of $142.8 million in the first half of 2... |