Cement News tagged under: corporate
GCC receives $250m syndicated loan31 August 2006, Published under Cement NewsMexican cement maker Grupo Cementos de Chihuahua (GCC) received a syndicated loan for US$250m from a group of national and international banks, the company said on August 30, 2006. The syndicated seven year loan has been given by the banks Banco Bilbao Vizcaya Argentaria (BBVA), Comerica Bank, The Bank of Nova Scotia, HSBC Mexico, Santander Central Hispano, Citibank, Bank of America, Wells Fargo Bank and BBVA Bancomer. GCC will use the new loan to pay other loans it received at the b... |
Bim Son to auction shares31 August 2006, Published under Cement NewsThe Bim Son Cement Joint Stock Company, Vietnam, is to float 14 million shares at the HCM City Securities Trading Centre on September 20, the company announced. The shares, with a face value of VND10,000 (US$0.63), will be offered at an initial price of VND12,500 ($0.78). The company is expected produce 3.2Mt of cement a year when its new factory, with a capacity to make 2Mt of cement a year, opens in 2007. |
Sagar Cements plans offer31 August 2006, Published under Cement NewsThe board of directors of Sagar Cements Ltd, Pakistan, at its meeting on Wednesday decided to issue 18,50,000 convertible warrants of Rs 82 each on a preferential basis to identified persons in the promoter group. However, the decision would be subject to obtaining approvals of shareholders and regulatory authorities. Each warrant of Rs 82 would be converted into one equity share of Rs 10 each at a premium of Rs 72 per share within an aggregate time period of 18 months from the date of allot... |
Heracles reports H1 profit increase31 August 2006, Published under Cement NewsAthens-quoted Aget Heracles SA on Wednesday announced group sales of Euro 329.5m for the first half of 2006, up 14.8 per cent against the same period of 2005. The parent company’s sales totalled Euro 294.4m in the first half, up by 14.8 per cent, management said in a statement. "The increase in turnover is mainly resulting from the increase in domestic sales volumes as well as from the higher export prices in the international market," the statement said. "The dynamics shown by th... |
Omani Raysut Cement Co records higher sales30 August 2006, Published under Cement NewsOman’s Raysut Cement Co registered a 78 per cent year-on-year surge in sales to 24.29 mln Omani rials ($63.1 mln/49.4 mln euro) in the first half of 2006, it was reported on August 26, 2006. The increase was attributed to the growing demand for cement resulting from the construction boom in the country, officials said. Raysut Cement Co achieved a gross profit before depreciation of 12.0 mln rials ($31.2 mln/24.4 mln euro), up from 5.5 mln rials ($14.3 mln/11.2 mln euro), and a net profi... |
Holcim under review30 August 2006, Published under Cement NewsHolcim reported good H1 06 results on 24/08/2006 in line with consensus expectations. Analysts at Exane BNP Paribas have slightly adjusted its FY results. Guidance for 2006 already disclosed in Q1 of about at least 5% like-for-like growth in EBITDA is confirmed. It is relatively cautious after the 17.9% like-for-like EBITDA growth posted in H1 06 and is not bringing any additional momentum. Further growth in 2006. Despite greater uncertainty surrounding developments in oil prices and inter... |
Creaton anticipates stable profits on higher sales30 August 2006, Published under Cement NewsThe leading German clay roof tile producer Creaton has increased first half turnover by 15.0% to €62.6m, with domestic sales advancing by 13% to €45.0m and exports and Hungarian production accounting for €17.6m, an increase of around 21%, with Poland, Austria, Hungary and Slovenia being the most important markets. The growth achieved in the domestic market primarily reflects an increased emphasis on premium products. The changes in the product mix has allowed the trading profit (EBIT) to i... |
Cimpor 1H net profit improves29 August 2006, Published under Cement NewsCimpor says improved turnover boosted net income by 14.7 per cent to Euro 142.7m in the first half of 2006 from Euro124.4m in the same period last year. Sales rose 11.2 per cent to Euro 824.4m from Euro741.1m. In the second quarter alone sales hit Euro 418.5m, a record high and up 11 per cent from the second quarter of 2005. Operating costs rose 8.7 per cent to Euro 545.0m. Cimpor units in some countries, with the exception of Portugal, showed double-digit sales growth. Egypt and South... |
Siam Cement reports Q2/0629 August 2006, Published under Cement NewsThe Siam Cement Group (SCG) announced the operating performance for the second quarter and first six months of 2006, citing increase sales, particularly shown in chemicals business, while net profit decreases due to energy cost and the slow down in domestic demand of cement and building products. However, the company proposes an interim dividend payment of 7.50 baht per share. Mr. Kan Trakulhoon, President of The Siam Cement Public Company Limited (SCC), disclosed the unreviewed consolid... |
CRH plc 2006 interim results29 August 2006, Published under Cement NewsCRH has delivered a strong overall first half outcome with an improved organic operating profit performance in each of its six business segments. Total first half development activity exceeded euro 0.8 billion. Year to date activity, including the recently announced euro 1 billion APAC transaction, amounts to almost euro 2 billion. Total operating profit from European operations, including acquisition contributions, grew by 19% to euro 330 million. In Europe Materials, operating profit impr... |