Cement News tagged under: corporate
Oman Cement Q2 net falls 14 per cent08 August 2007, Published under Cement NewsOman Cement Co. posted a second quarter net profit of OMR4.15m ($10.78m), down 13.7 per cent from a year earlier as production fell partly due to disruption caused by Cyclone Gonu. The company said in a statement that its first-half net profit fell 7.1 per cent to OMR9.1m. "The clinker produced during the first six months of 2007 was 542,495t as against 647,450t produced during the corresponding period of 2006," the company said in the statement. Clinker production was affected by ... |
Misr Cement Qena says H1 net up 23 per cent08 August 2007, Published under Cement NewsEgyptian cement company Misr Cement Qena made a net profit of E£147.8m (US$26.2m) in the first half of 2007, 23 per cent up on the same period of 2006, the stock exchange said on Tuesday. The company’s net profit in the January-June period of 2006 was E£120.5m, it said. |
Eastern Europe pushes Dyckerhoff ahead07 August 2007, Published under Cement NewsBuzzi Unicem’s quoted subsidiary Dyckerhoff increased its fist half turnover by 29.8% to EUR810m, helped by an initial contribution from its new Dutch subsidiary, without which there would still have been a 21.2% advance. Cement shipments were 12.4% higher at 8.4Mt and, thanks to the Dutch addition, ready-mixed concrete deliveries were some 35% higher at 3.5m m³. The EBITDA registered 34.0% increase to EUR 201m, with the largest profit increases coming from eastern Europe. Capital expe... |
HeidelbergCement sells Maxit unit to Saint-Gobain07 August 2007, Published under Cement NewsHeidelbergCement announces that it has entered into an agreement with Compagnie de Saint Gobain on the sale of maxit Group. The purchase price amounts to EUR 2,125m. The closing is subject to regulatory approval and HeidelbergCement expects the transaction to close in late 2007. With the sale of maxit HeidelbergCement pursues consequently its strategy of focusing on processing and refining of raw materials for its core products cement and aggregates and further downstream activities. Heide... |
HeidelbergCement Q2 boosted by Vicat stake sale06 August 2007, Published under Cement NewsHeidelbergCement reported a boost to second-quarter profits on Monday on the back of the disposal of its stake in French building materials group Vicat. HeidelbergCement, which is buying British aggregates specialist Hanson for UK£8bn ($16.29bn), said net profit in the quarter came in at EUR1.194bn (US$1.89bn), up from EUR346m in the same period the previous year. Operating income rose to EUR561m from EUR498m in the year-earlier period. HeidelbergCement said it was confident o... |
Anglo American plans to put Tarmac up for sale06 August 2007, Published under Cement NewsAnglo American will sell its UK-based building material business Tarmac in what will be the final step of its assets restructuring programme, the mining group said. The company launched a fresh review of assets in March following the appointment of Cynthia Carroll as chief executive, who took the helm from Tony Trahar. "In May I announced that we were evaluating Tarmac’s fit within our portfolio of assets and, as a result of this review, we have decided that Tarmac is not core to the futur... |
FLSmidth wins new contract in Latin America03 August 2007, Published under Cement NewsFLSmidth has signed an approximately US$100m contract (DKK 540m) with Cementos Argos SA for a new 5250tpd line and additional aftermarket services. Located in Cartagena, Colombia, the plant will serve both the local Colombian market and strengthen Argos’ position as a leading Latin American exporter. FLSmidth’s US project centre, based in Bethlehem, Pennsylvania is responsible for the project and will supply all the main machinery including a five-stage preheater with a low-NOx ILC (In Lin... |
Cimpor shares up on Lafarge stake increase03 August 2007, Published under Cement NewsShares in Cimpor rose almost four percent on Thursday after Lafarge said it had increased its stake in the company to 17 per cent from 12.6 per cent, traders said. Lafarge said it was not planning a takeover bid for Cimpor, for now, but traders said such a move could take place in the future. "Lafarge’s move signals more than just a financial interest in Cimpor and is boosting shares," a trader said. |
Lafarge announces intention to apply for delisting from New York Stock Exchange02 August 2007, Published under Cement NewsLafarge has announced its intention to apply for the voluntary delisting of its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE). This delisting will be followed by an application to deregister under the Securities and Exchange Act of 1934. The delisting is expected to take effect in September 2007. The main reasons behind this decision are as follows: * Lafarge notes recent changes, in particular the merger of the New York Stock Exchange and Euronext. ... |
St. Lawrence Cement Holders sell out shares to Holcim01 August 2007, Published under Cement NewsHolcim said it owns nearly all of Canada-based St Lawrence Cement Group Inc. after buying out minority shareholders. Holcim sweetened its offer to C$43.50 (US$40.72) a share from the original C$36.50 a share. The deal will cost it about C$681m (US$637m). Buying out minority holdings is standard procedure for cement-industry giants like Holcim and France’s Lafarge SA, which typically build up positions through relatively small investments and increase their holdings over time. |