Cement News tagged under: corporate
Siam Cement wins Corporate Excellence Awards03 October 2006, Published under Cement NewsSiam Cement Plc walked away with five out of a total of nine awards at on September 28’s fifth Thailand Corporate Excellence Awards, according to local news reports. Private companies from across the country voted for the awards and the final selection was made by the Thailand Management Association (TMA) together with the Sasin Graduate Institute of Business Administration. The aim of the awards is to encourage companies to improve their internal management structures, marketing and im... |
Semapa H1 net jumps 59 per cent, Portugal03 October 2006, Published under Cement NewsSemapa said net profit soared 59 per cent to EUR33.2m in the first half from EUR20.9m a year earlier, thanks to high margins in both its divisions. Sales grew two per cent to EUR767.3m from EUR751.4m and EBITDA shrank one per cent to EUR210.8m from EUR212.2m. Semapa’s 50-per cent owned Secil cement business achieved the better performance, posting an EBIT margin of 21.3 per cent as it contributed EBIT of EUR50.7m on sales of EUR237.8m. Semapa said it expects business trends to... |
TPI Polene Plans THB0.25/Shr Div02 October 2006, Published under Cement NewsCement maker TPI Polene PCL plans to pay an interim dividend of THB0.25 a share for its first-half performance, pending consent from its creditors. The payment is scheduled on Oct. 27. Thailand’s Siam Commercial Bank PCL (SCB.TH) has appointed Vicharn Panich, a medical doctor, director of the Knowledge Management Institute and chairman of the University Council of Mahidol University, as a director on the bank’s board effective of Sept. 29. |
Shree Digvijay Cement looks good for 50 per cent upside02 October 2006, Published under Cement NewsShah told CNBC-TV18, "Shree Digvijay Cement is basically Aditya Birla Group company wherein Grasim is holding about 52% stake in this company. The stock is quoting at about Rs 32 and it has got a small plant, 1.1 million tonne is what it produces at Jamnagar in Gujarat. The company was in losses and still has got accumulated losses for about Rs 150 crore." He further added, "But recently the company came out with the rights issue and it has reduced its rate by about 60%. So, this year I exp... |
Another cement firm looks to list on Hanoi Bourse, Vietnam29 September 2006, Published under Cement NewsThach Cao Cement Joint Stock Company has sent the listing file to the Hanoi Securities Trading Center (HASTC), asking for license to float its shares on the market. The company has a registered capital of VND35bn, of which the state owns 76.35% and other investors, including its staff, 23.65% stake. The central Hue city-based firm runs business in import and export of clinkers and cements, cement grilling and transport. |
Texas Industries announces further price increases, US29 September 2006, Published under Cement NewsTexas Industries’ first quarter turnover, to the end of August, increased by 12.3% to US$271.7m, while the trading profit jumped by 85.2% to US$45m. Higher cement prices have had a major beneficial effect on the company’s margins. Cement prices rose by 15.2% to US$84.48 per short ton and aggregates prices increased by 15.4% while ready-mixed concrete prices were up by 10.3%. Further price increases of US$12/st have been announced by Texas Industries from next January for Texas and from th... |
Buzzi Unicem share news, India28 September 2006, Published under Cement NewsBuzzi Unicem’s chairman, Alessandro Buzzi, has bought a total 8000 company shares for some EUR98,000. The chairman bought the shares on September 25, 2006. Buzzi Unicem closed the first half of 2006 with a net profit of EUR175.1m compared to a EUR95.3m profit for the same period of 2005. |
Rajawali to Place 3 Candidates at Semen Gresik27 September 2006, Published under Cement NewsRajawali Group has had three candidates to become the director and commissioner of Semen Gresik Tbk in tomorrow’s extraordinary general meeting of shareholder. The Managing Director and Chief Business Development of PT Rajawali Corporation Darjoto Setyawan said that the decision on the new name will be taken on the EGM of Semen Gresik Tomorrow. "The regulation of SOE said that the names should be submitted in sealed-envelope that will be opened in EGM. We just have to wait for the ... |
Egyptian Ameriya Cement Sells Holding in Express Ready Concrete for $261,00026 September 2006, Published under Cement NewsEgyptian cement company Ameriya Cement sold its shares and assets in Egypt’s Express Ready Concrete Co for E£1.5m (US$261,000), the Cairo and Alexandria Stock Exchanges (CASE) said on September 25, 2006. Ameriya Cement holding in Express Ready Concrete Co included 45,000 shares worth E£4.5m (US$784,000), of which £1.125m ($196,000/153,000 euro) paid-up. The total capital of Express Ready Concrete Co, set up in Cairo in 1999, amounts to 15 mln pounds ($2.6 mln/2.0 mln euro). Ameri... |
Holcim offers cash for conversion of bond to shares25 September 2006, Published under Cement NewsHolcim is offering a cash incentive to holders of its US dollar zero coupon convertible bond due 2017 to convert the bonds into shares, the company said on Monday. "The cash amount compensates for the premium at which the bonds trade in the market and provides an additional 1.5 percent incentive," Holcim said, adding the offer opened on Monday and ends on Oct. 2. Holcim said the book value of the outstanding bond as of June 30 was SwFr372m ($301.2m). The company said the transac... |