Cement News tagged under: corporate
Siam Cement profit to rebound on prices11 August 2006, Published under Cement NewsSiam Cement Plc, 30 percent-owned by the Thai royal family, said profit in the third quarter may rise for the first time in five periods as record petrochemical product margins counter a decline in building material sales. The improved outlook means full-year earnings may match those of last year, President Kan Trakulhoon, pictured, said in an interview. However profits fell 8.2 per cent to 17.2 billion baht ($457m) in the first half of 2006. |
US Concrete 2Q profit climbs10 August 2006, Published under Cement NewsUS Concrete Inc posted a 19 per cent jump in profit, but results missed Wall Street’s forecast, and shares of the cement and concrete maker sank in morning trading. The company earned $7.2 million, or 19 cents per share, from $6m, or 21 cents per share, during the same period a year ago. US Concrete had 38.9 million shares outstanding in the most recent quarter, compared with 29.1m a year ago. Sales jumped 23 percent to $188.8m from last year’s $153.2m. Analysts were looking for ... |
Spain Bipadosa raises stake in Cimpor, Portugal10 August 2006, Published under Cement NewsSpanish company Bipadosa has raised its stake in Portuguese cement company Cimpor - Cimentos de Poertugal SGPS to 2.326 pct of the share capital, and 2.336 pct of the voting rights, Cimpor informed in a note dated August 8, 2006 the country’s bourse regulator CMVM. No comparative figures were available. The stake was increased via share purchase operations on the stock exchange carried out by Atlansider (name as given by the source). The said stake translates into a total 15,632,290 C... |
Egyptian National Cement profits down09 August 2006, Published under Cement NewsEgyptian National Cement Company (NCC) registered a decrease in net profit to 256.2m Egyptian pounds (US$44.6m) for the first nine months of the fiscal 2005/2006, ended June 30, 2006, against 308.6m pounds (US$53.7m) in the year-ago-period, Cairo and Alexandria Stock Exchanges (CASE) said on August 8, 2006. The company’s operating revenue rose 41.1 per cent to 209.44m pounds (US$36.5m), while the cost of sold goods increased 8.8 per cent to 131.73m pounds (US$22.9m). |
Higher returns improve cement sector fortunes09 August 2006, Published under Cement NewsWith cement prices climbing higher, the balance sheet of leading Indian cement companies are looking healthier than ever before, reports The business Standard. The cement industry is hoping that the trend will continue for next 2-3 years as the demand-supply mismatch will continue during the period. Industry leaders have made one of the best ever performances in the first quarter of the current financial year. Multi-product companies with major contribution from cement too are not lagging ... |
Valderrivas confirms Uniland stake09 August 2006, Published under Cement NewsCementos Portland Valderrivas has now acquired 50.5 per cent of fellow cement group Corporacion Uniland on Friday for Euro 1.092bn. CementosPortland Valderrivas, a subsidiary of construction and services group FCC, already owned a 0.5 per cent stake in the company through its own subsidiary, Portland. The acquisition comes with a call option for 22.5 per cent. The operation possibly makes Valderrivas the largest cement group in Spain, ahead of Cemex and Holcim, with an estimated production ... |
Dalmia Cement update09 August 2006, Published under Cement NewsDuring the most recent quarter, dalmia Cement has witnessed a 369.03 per cent rise in profits from Rs107.20m to Rs502.80m. Sales for the quarter rose 55.37 per cent to Rs2077m compared with the corresponding quarter, a year ago. Total income climbed 82.17 per cent to Rs.2537.3m, with other income rising 725.67 per cent to Rs459.9m compared with the quarter, a year ago. The company has expanded its cement capacity from 1.5Mt to 3.5Mt following the successful commissioning of brown field expa... |
Eurocement Group raises 7M-2006 shipments08 August 2006, Published under Cement NewsEurocement Group raised cement shipments to customers by 13 per cent year-on-year in 7M2006. The company is operating at over 90 per cent capacity utilisation (77% in 2005). This became possible because Maltsov Portlandcement, Oskolcement, Belgorodcement, and Kavkazcement had attained highest ever output levels. The Lipetsk Works underwent a revamp to raise capacity by 15 per cent. The company switched over to long-term three-year contracts for cement supplies to consumers, making operation... |
Gulf Cement debut on August 2108 August 2006, Published under Cement NewsThe Doha Securities Market has completed preparations for the listing of Gulf Cement Company. The bourse said shareholders can place their trade orders before the debut date of August 21. "All information pertaining to Gulf Cement shareholders are now available to licensed brokerage companies at the DSM," the bourse said in a communiqué yesterday. Therefore, shareholders could trade their shares through those licensed brokerage companies without the need of the Central Registration Departmen... |
Hallack named principal executive Camargo Correa08 August 2006, Published under Cement NewsVitor Sarquis Hallack has been selected by the shareholders of Camargo Correa group as head of the management of the operating holding Camargo Correa, replacing Raphael Nogueira, which is leaving this position from early September onwards. Hallack is executive manager of Bozano group since 1993, and since 1995 a member of the council of Embraer, while he spent 17 years of his carreer in the mining major CVRD. The executive is to command a group with gross consolidated sales of R$8bil (2005... |