Cement News tagged under: corporate
Lafarge raises purchase price19 June 2006, Published under Cement NewsSichuan Shuangma Cement Co Ltd said the Chinese unit of Lafarge SA has agreed to increase its offer to acquire 100 per cent of its parent, Shuangma Investment Group, to Yuan 339m from Yuan 304.84m (US$36m). The company told the Shenzhen Stock Exchange that it has signed the agreement with Mianyang municipal government, which has a 89.72 per cent stake in the parent company, and the group’s labor union which holds the rest. The State-owned Assets Supervision and Administration Commission... |
China Resources last trading set July 1319 June 2006, Published under Cement NewsChina Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the main board following approval by minority shareholders of the proposal to take the company private. It said in a statement majority of these shareholders voted to accept a HK$428m offer by the company’s controlling shareholder, China Resources Holdings, to buy out company shares it does not own. China Resources... |
Thailand’s cement sector19 June 2006, Published under Cement NewsDomestic cement sales volume has dropped gradually since 1Q05 while YoY growth rate encroached on negative territory in 4Q05. With the gloomy economic outlook, any improvement in YoY growth is not foreseen in cement sales in 2H06 (says KGI Securities). On the cost side, the recent rise in Ft charge to Bt0.85 per unit from Bt0.76 per unit puts pressure on margin. Although spot coal price is expected to stabilize, producers have locked into purchasing contracts and will still suffer from high ... |
Arabian Cement to pay cash dividend19 June 2006, Published under Cement NewsSaudi cement producer, Arabian Cement Company (ACC) will pay a 12 per cent cash dividend for the first half of 2006, the company said on June 15, 2006. The total dividend to be distributed among shareholders stands at 72 mln Saudi riyals (US$19.2m). The dividend will be paid to shareholders registered at the close of business on June 30, 2006. The net profit of ACC reportedly rose to 89.5 mln riyals (US$23.9m) for the first three months of 2006, up from 69.1 mln riyals (US$18.4m) in the ... |
Baltsem increases cement production19 June 2006, Published under Cement NewsIn May 2006, the Baltsem plant (Balakliya, Kharkiv region), majority-owned by the Russian Eurocement Group, increased cement production by 69.6 per cent or 113,000t, compared to May 2005, to 275,400t. Baltsem, which is registered as open joint-stock company, ended the year 2004 with a loss of UAH 27.3 million, having increased its net revenues by 25.1 per cent or UAH 48.773 million to UAH 243.33 million, compared with 2003. |
Siam Cement shifts focus to consumer16 June 2006, Published under Cement NewsSiam Cement Group (SCG) has signalled a departure from its previous marketing campaigns, opting for a new 100 million baht (US$2.6m) promotion targeting the end-consumer. "As SCG produces basic materials such as cement and petrochemicals, consumers do not associate the company with any end-products they may be using," explained Apirom Rattana Apiromyakit, account director, TBWA Thailand, which handles the account. "The new campaign portrays the company as an innovator of concepts that en... |
Shree Cement wins award16 June 2006, Published under Cement NewsRajasthan-based company, Shree Cement Ltd, is among this year’s recipients of the Golden Peacock Environment Management Award (GPEMA) 2006. The awards, instituted by the World Environment Foundation, are given in recognition of healthy environment practices adopted by the companies to maintain ecological balance and sustainable growth. Shree Cement Limited, situated at Beawar in Ajmer district, claims to be the largest single location cement plant in North India with a production capacit... |
CR minorities take short-term view16 June 2006, Published under Cement NewsMinority shareholders in China Resources Cement, whose profit slumped 85 percent last year, have voted overwhelmingly to accept a HK$428 million privatisation offer by the Hong Kong-listed company’s controlling shareholder. CR Cement’s stock was suspended from trading Thursday _ it closed Wednesday at HK$2.40, pending an announcement about the proposed privatisation from the firm’s Beijing- based parent company, China Resources Holdings, which owns a 74.5 percent stake in the subsidiary, wh... |
China Resources Cement shares suspended15 June 2006, Published under Cement NewsTrading in shares of China Resources Cement Holdings Ltd. was suspended on Thursday, the Hong Kong exchange said. No further details were immediately available. Shares of China Resc Cement ended at HK$2.40 on Wednesday. |
Gujarat Sidhee Cement swings to profit15 June 2006, Published under Cement NewsGujarat Sidhee Cement earned a profit of Rs. 34.03 million compared with a loss of Rs. 86.39 million in corresponding quarter of 2004-05. Sales for the quarter rose 31.34 per cent to Rs. 889.97 million compared with the corresponding quarter, a year ago. Operating margins improved to 6.82 per cent during the quarter, a rise of 453.28 basis points compared with the corresponding quarter. Net Margins, on the other hand, rose from -12.47 per cent to 3.72 per cent during the quarter. |