Cement News tagged under: corporate
Siam Cement to invest more over the next five years, Thailand10 July 2006, Published under Cement NewsThe president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years. The major petrochemicals investment is an olefins plant project that was announced at the end of 2005. Paper industry investments may be in Thailand or in Vietnam, Indonesia and the Philippines. In Thailand Siam Cement plans to expand production of corrugated cardboard. As for the cement industry, Siam Cement’... |
Arabian Cement H1 profits up10 July 2006, Published under Cement NewsThe Arabian Cement Company made a net profit of US$51.2m in H1, an increase of 15.9 per cent on the same period last year, reported Arab News. Meanwhile, the company’s operating profit reached US$50.1m, an increase of 17.1 per cent over the same period. |
Holcim heads for the outback, Australia10 July 2006, Published under Cement NewsHolcim is scheduled to hold a roadshow in the week from on 10 July 2006 visiting Sydney, Melbourne and Brisbane to promote a new bond transaction. Although the volume of the deal is not specified in the press release publicising the roadshow, it is known that Holcim has a $A500 million debt program and its sole bond matures on 8 August 2006 |
Cementir increases stake in Cimentas10 July 2006, Published under Cement NewsCementir Cementerie Del Tirreno S.p.A announced that its stake in Cimentas Izmir Cimento, a cement company, increased to 29.06 per cent from 19 per cent, following Cimentas Cimento’s capital increase. Cimentas raised its capital to TRY 36.5mn from TRY 31.5mn via rights issue. |
SCCC expected second quarter earnings to fall, Thailand07 July 2006, Published under Cement NewsSiam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affected by the slowdown in the cement industry and higher energy costs. The 2Q06 net profit is expected to be Bt1003m (EPS Bt4.22), down 12% Q-o-Q and Y-o-Y, as cement prices have risen to Bt1,700-1,750/t in 2Q06 from Bt1,700/tin 1Q06 and Bt1600-1650/t in 4Q05. Export prices have remained high. A re... |
Sibtsem acquires Kamenskiy plant, Russia07 July 2006, Published under Cement NewsA stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy Cement Plant (TCZ, Siberian Cement), said financial director of KCZ Viktor Zinkevich. He told starting price of buildings, erections, industrial equipment and movables made up some RUR18 million. Viktor Zinkevich refused to name the final deal’s sum. Besides TCZ, two Kemerovo-based companies took part in open tenders for selling property of Lamenskiy plant: Ma... |
Shree Cement more growth in July-August, India07 July 2006, Published under Cement NewsMK Singhi, executive director of Shree Cements, says that the monsoon has not particularly affected sales the June quarter. Sales have gone up 63 per cent and they have been able to capture more than 50 per cent of the total demand increase in North India, he said. He further added that Shree Cement’s current capacity is 4.5Mt and in the quarter of June the company achieved capacity utilisation of 113 per cent. EBITDA has also gone up by 25-30 per cent compared to the last June quarter. ... |
US Concrete closes concrete purchases06 July 2006, Published under Cement NewsUS Concrete Inc has completed the purchase of Alberta Investments Inc and Alliance Haulers Inc for $165m. Alberta Investments operates Redi-Mix LP, which runs 13 concrete plants in the Dallas market, and Ingram Enterprises, which operates 17 concrete plants and three sand and gravel plants in West Texas. Together, the two businesses operate a fleet of 310 mixer trucks and produced about 2.4 million cubic yards of ready-mixed concrete last year. Alliance Haulers provides cement a... |
Qassim Cement H1 profit up, Saudi Arabia06 July 2006, Published under Cement NewsSaudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said earnings per share rose 9.9 per cent to SAR1.78 riyals. It did not give second quarter figures. The firm’s first-quarter net profit stood at SAR81m. |
Ukrainian producer profit06 July 2006, Published under Cement NewsUrkainian producer Mykolaivtsement ended 2005 with a net profit of UAH 21.98m, increasing net revenues by 28.4 per cent or UAH 44.42m, compared to 2004 to UAH 201.07m. Meanwhile, Dontsement based in the Donetsk region)ended 2005 with a net profit of UAH 15.14m. The company increased net revenues by 32.8% or UAH 49.32m, compared to 2004 to UAH 199.66m. The plant has six kilns and produces about 2Mtof cement. In December 2005, German HeidelbergСement via its Dutch affiliate CBR Port... |