Cement News tagged under: corporate
Saudi Yamamah Cement Q3 net up eight per cent, below forecast10 October 2006, Published under Cement NewsYamamah Cement Co, Saudi Arabia’s largest cement maker, posted a net profit of 145.9m riyals (US$$38.9m) in the third quarter, a slower-than expected rise of eight per cent from the previous year. The average forecast in a Reuters survey of three research firms was for earnings growth of 14.5 per cent. Click on for details of the forecasts. Net profit in the first nine months of 2006, reached 489.4m riyals, up 43 per cent from the same period in 2005, Yamamah said in a statement post... |
Saudi Qassim Cement Q3 net profit up 11.3 per cent10 October 2006, Published under Cement NewsSaudi Qassim Cement Co. posted a net profit of 86m riyals (US$22.9m) for the third quarter on Monday, up 11.3 per cent from a year ago. The firm’s net profit in the nine months to Sept. 30 reached 247m riyals, up 18.6 per cent from the same period in 2005, the firm said in a statement. |
Egypt’s National Cement year net profit up 52 per cent10 October 2006, Published under Cement NewsEgypt’s National Cement reported a 52 per cent rise in net profit to 304m Egyptian pounds (US$52.95m) for the 12 months to the end of June, the stock exchange said on Monday. The firm had reported net profit of 200m pounds in the previous fiscal year. Most Egyptian cement companies have reported greatly increased profits this year, driven by strong export demand and faster growth in the domestic economy. |
Heidelberg acquires 80 per cent stake in Gongyuan Cement09 October 2006, Published under Cement NewsHeidelberg Cement Group has acquired 80 per cent of the stake of the Liaoning Gongyuan Cement Group in northeast China, according to an agreement signed recently, says Xinhua News Agency. Gongyuan Cement now has three cement factories in Liaoning Province, and one grinding station in Inner Mongolia in north China, with an annual production capacity of 3Mt of cement. After the acquisition, Heidelberg plans to launch a new production line and transformation of the present workshops to ... |
CRH Names Mairtin Clarke Euro Managing Director06 October 2006, Published under Cement NewsCRH said Friday that it has appointed Mairtin Clarke as Managing Director, CRH Europe - Products and Distribution with effect from the December 1. The company said Clarke is currently Managing Director, CRH Concrete Products Europe, based in the Netherlands. Clarke joined the Group in 1979 and has held senior positions in CRH’s cement, clay, glass, brick and concrete products businesses. In addition to mainland Europe, he has worked in Ireland, Africa and South America. |
Cemex names PA and CSR director06 October 2006, Published under Cement NewsCement maker Cemex has raided its trade body, the British Cement Association (BCA), to fill a new director of PA and corporate responsibility for Europe role. Martin Casey left the BCA last month, and has been replaced as head of public affairs and external comms by Damian Testa. Testa was previously secretary-general at the UK Flour Milling Association. The cement industry’s challenges include lobbying to ensure the product is accepted as a sustainable alternative to other building mater... |
Carib Cement appoints new quality manager06 October 2006, Published under Cement NewsCaribbean Cement Company Limited has appointed a new Quality Manager as it moves to fine-tune its internal systems to prevent a recurrence of the cement crisis earlier this year. The company has informed the Jamaica Stock Exchange that Raymond Mitchell has been appointed to the post. The post became vacant earlier this year during the height of the cement crisis when the previous Manager left the company. The company was forced to fork out more than US$100m to compensate persons who purch... |
Fauji Cement earnings up by 136 per cent04 October 2006, Published under Cement NewsFauji Cement Company Limited has announced financial results for the year FY06, according to which the company posted earnings of Rs 1,203m, against previous year’s earning of Rs 510m, and earning per share (EPS) of Rs 3.25 as EPS Rs 1.38 in FY05 - a massive growth of 136 percent. During nine months (July-March) of FY06, the company posted EPS of Rs2.3 - a growth of 135 per cent. Huge growth in company’s profitability in FY06 was mainly due to 17 per cent growth in cement sales and bette... |
Mandiri conducts due diligence on Semen Kupang, Indonesia04 October 2006, Published under Cement NewsPT Bank Mandiri Tbk is planning to conduct due diligence on the financial performance of PT Semen Kupang regarding with the bank’s plan to settle the IDR536bn bad debt of the cement company. The Director of Bank Mandiri Bambang Setiawan said that the shareholders of Semen Kupang -PT Pengelola Investama Mandiri, provincial government and SOE Ministry- have agreed to settle the debt of the company. "As the holder of 57.9 per cent shares, we are responsible to settle the bad debt of S... |
Gresik announces appointments of new commissioners and directors, Indonesia03 October 2006, Published under Cement NewsThe new commissioners and direcors of Semen GRESIK appointed by the Extraordinary General Meeting of Shareholders on 28 Sep 2006 are as follows: COMMISSIONERS: - President Commissioner : Rizal Ramli * - VP Commissioner : Darjoto Setyawan * - Commissioner : Setia Purwaka - Independent Commissioners : Muhammad Nuh, Arif Arryman *, - Marwoto Hadi Soesastro * DIRECTORS: - President Director : Dwi Soetjipto - VP Director : Rudiantara * - Directors : Cholil Hasan (Finance), Chabib Bahari (Pro... |