Cement News tagged under: corporate
Egyptian Cement Company H1 2006 Net Profit Up to US$103.2m07 September 2006, Published under Cement NewsEgyptian Cement Company (ECC) booked a net profit of 592.1 mln Egyptian pounds (US$103.2 mln/80.1 mln euro) for the first half of 2006 compared to 435.3 mln pounds (US$75.8 mln/58.9 mln euro) in the year-earlier period, it was reported on September 6, 2006. ECC was listed on the Cairo and Alexandria Stock Exchanges (CASE) on March 18, 2002 and is traded under the ECEM.CA symbol on the Unofficial Schedule 2 of the exchange. Its capital is divided into 812,000 shares at 1,000 pounds (US$... |
Dangote Group to List Subsidiaries Local, International Exchanges07 September 2006, Published under Cement NewsDangote Group is set to list some of its subsidiaries on both the Nigerian Stock Exchange (NSE) and other international stock exchanges between this year and the end of 2007. Disclosing this at a factory visit to Obajana Cement Plc last week in Kogi State, Group Chairman, Dangote Industries Limited, Alhaji Aliko Dangote said, "starting from 2006, Dangote Group will list its companies on the Nigerian and international stock exchanges to diversify’ its ownership base to include staff, and othe... |
Can Cemex deal boost Readymix further?07 September 2006, Published under Cement NewsOver the past couple of years, Readymix has enjoyed a roller-coaster ride in its share price and financial performance, reports Independent Newspapers Ireland. Back in July 2004, it had been one of the poorer performers on the market, based on the number of sell recommendations issued on the stock by analysts. But by early 2005, despite two profit warnings in the previous year, the Readymix share price had climbed to 12-month highs. This was fuelled primarily by speculation that new majo... |
Cimpor shares rise on road show, report07 September 2006, Published under Cement NewsShares in Cimpor rose 2.2 percent on Wednesday to their highest level since May, boosted by the cement maker’s current investor road show and a recent research report, traders said. At 1051 GMT shares in Cimpor were up 2.06 per cent at 5.45 euros in busy trading volume. Lisbon’s benchmark PSI20 <.PSI20> index was down 0.12 per cent. Cimpor has been promoting itself to investors in Scandinavia and Germany since Monday. "The road show must be boosting the share price today," a loca... |
Steppe Cement reports ’strong improvement’ in H1 ops06 September 2006, Published under Cement NewsSteppe Cement Ltd reported a ’strong improvement’ in half-year figures at its core operating subsidiary, Central Asia Cement JSC. AIM-listed Steppe was restructured earlier this year, making group-wide results comparisons invalid, it said. The operating subsidiary, however, posted pretax earnings of US$11.55m for the six months to June 30, up 51 per cent from $7.65m, with sales of $28.61m, up 45 per cent from $19.69m. Sales by volume rose 14 per cent to 365.44Mt. In terms of the group, pr... |
Italcementi H1 sales rise 21.4% on higher volumes, prices06 September 2006, Published under Cement NewsItalcementi SpA said that first half sales rose 21.4 per cent to EUR2.910bn boosted by an increase in volumes and a positive price trend in all its markets. The company said that sales of cement and clinker rose 21.7 per cent to 31.9Mt, aggregates rose 6.0 per cent to 29.5Mt and ready-mixed concrete rose 2.2 per cent to 10.8 per cent. First half figures however also benefited from the consolidation of the company’s Egyptian and Indian businesses. On a like-for-like basis, cement and clinke... |
Chia Hsin Cement scored NT$4.68 in EPS in First Half05 September 2006, Published under Cement NewsThanks to sales of Wankuo Commercial Building, Chia Hsin Cement Corporation, one of Taiwan’s largest manufacturers of cement, became the most profitable maker in the line by posting NT$4.68 (US$0.14 at US$1:NT$32.8) in after-tax earnings per share in the first half of this year. In addition to Chia Hsin, other three-largest cement producers are Taiwan Cement Corporation, Asia Cement Corporation, and Universal Cement Corporation. Of them, Asia Cement earned the most with NT$3.69 billion ... |
ACC gets approval for merger04 September 2006, Published under Cement NewsAssociated Cement Companies Ltd today said it has received approval from the Bombay High Court for the merger of Tarmac (India) Ltd with itself. The company informed the Bombay Stock Exchange that the scheme of amalgamation was approved by the High Court and all requisite formalities had been completed. The scheme is effective from August 28, 2006 and the appointed date under the scheme is January 1, 2006, ACC added. |
Holcim Romania sees concrete sales rise04 September 2006, Published under Cement NewsHolcim Romania expects an increase of over 30 per cent year-on-year in its concrete sales in the capital Bucharest in 2006, due to the great demand as a result of a large number of ongoing real estate projects, the company’s Bucharest regional director for concrete and aggregates, Catalin Popescu, said on September 1, 2006. So far in 2006, the company has delivered 100,000 cu.m of concrete. The company’s Bucharest unit has a capacity of 2000 cu.m daily. The company supplies concrete for ... |
Cementos Portland raises stake in Lemona04 September 2006, Published under Cement NewsCementos Portland Valderrivas raised stake in Cementos Lemona SA to 97.57 per cent from 97.4 per cent it was holding in June 2006, Cementos Portland reported to the Spanish stock market regulator CNMV on September 1, 2006. The stake increase comes as a result of Cementos Portland permanent application to buy 100 per cent of Lemona’s shares and the application presented to CNMV to delist Lemona from Madrid and Bilbao stock markets in June 2006. Cementos Portland acquired 96.06 per cent o... |