Cement News tagged under: corporate
Tabuk Cement to pay higher dividends10 March 2006, Published under Cement NewsThe management board of Saudi cement producer Tabuk Cement Company (TCC) decided on March 5, 2006 to pay a cash dividend of SAR10 (US$2.67) per share for 2005. The dividend represents 20 per cent of the share par value and is five per cent higher than the 2004 dividend. The board also approved a project for the establishment of a gypsum plant in Tabuk. The company has already carried out a feasibility study on the project. |
CNBC to opt for IPO09 March 2006, Published under Cement NewsThe rapid growth in China’s construction sector as well as the current liquidity and sentiment-driven appetite for Chinese paper are likely to be key themes during the road show for China National Building Material Co’s initial public offering that was launched this week. The state-owned enterprise, which makes a diverse range of building materials and is one of the leading cement manufacturers in the country, is aiming to raise up to HK$1.7 billion (US$220m) ahead of a Hong Kong listing on ... |
Qatar National Cement approves dividend09 March 2006, Published under Cement NewsQatar National Cement Company (QNCC) will pay a 50 per cent cash dividend for 2005, the general shareholders’ meeting decided on March 7, 2006. The company already distributed 20 per cent of the sum as dividend for the first half of 2005. Thus, the net dividend to be distributed is 30 per cent, equivalent to 3.0 riyals ($0.8/0.7 euro) per share. |
Bío Bío 2005 profits up09 March 2006, Published under Cement NewsChilean company Cementos Bío Bío saw net profits climb 2.49 per cent to 25.9bn pesos (US$48.6m) last year compared to 2004, while fellow cement group Empresas Melón’s bottom line dipped 1.78 per cent to 21.2bn pesos, the companies reported. In 2005, Bío Bío and Melón recorded revenues of 314bn pesos and 163bn pesos, respectively, up 23 per cent and 6.43 per cent from the previous year, the companies said in separate filings with the country’s securities regulator (SVS). Bío Bío’s operating... |
Indocement Refinances US$340m debt09 March 2006, Published under Cement NewsPT Indocement Tunggal Prakarsa Tbk will refinance all debt of US$340m through master facilities agreement (MFA) this year. The US$340m debt consisted of the debt from Marubeni (US$44m), Japan Bank for International Cooperation (JBIC, US$21m), New Syndication (US$125m), and HC Finance BV (US$150m). A document the company sent to the Jakarta Stock Exchange yesterday mentioned the company will use internal cash of US$40m to pay the MFA. After the refinancing, the portion of local currency ... |
Votorantim changes strategy for growth09 March 2006, Published under Cement NewsCement, aluminium, steel, zinc, nickel, pulp, paper, chemical products, energy and orange juice accounted for more than 90 per cent of the Votorantim group net turnover of almost R$19bn in 2005. Banking and new businesses, including biotechnology and information technology, accounted for the rest. The group has grown significantly over the last fiver years, under the management of the family’s third generation. The growth can be attributed to a more unified management and to constant reinves... |
Italcementi 2005 net profit up 16 per cent08 March 2006, Published under Cement NewsItalian cement maker Italcementi’s group net profit rose 16.2 per cent to Euro 540.6m in 2005 as tax benefits and growth in emerging markets offset a price slump in Italy. The company proposed a 0.33 euro per ordinary share dividend on 2005 results, up 10 per cent from a year ago, and a payout of 0.36 euro per savings share, up 9.1 per cent from a year ago. Italcementi said Italian prices had started to recover and together with a projected price rise in the United States and the consolida... |
Capital Group increases stake in Holcim08 March 2006, Published under Cement NewsHolcim Ltd said Wednesday that Capital Group of the US has slightly increased its stake in the Swiss cement maker to 10 per cent from 9.99 per cent previously. The stake translates into 22,997,155 registered shares and voting rights. Swiss exchange law stipulates that crossing a 10 per cent threshold requires official notification. |
Ciments Francais net profits up significantly08 March 2006, Published under Cement NewsCiments Francais reported on Wednesday a 37 per cent rise in 2005 attributable net profit to 421.6 million Euros helped by booming construction markets and lower financial costs. Ciments Francais, controlled by Italy’s Italcementi , also said in a statement it would pay a dividend of Euro 1.90 per share, up from Euro 1.60 a year ago. The company generated a full-year operating profit of Euro 644.3m, against euro 564m in 2004, on revenues up 17.5 per cent to Euro 3.595bn. Ciments Francai... |
Raiffeisenbank opens credit line to Dontsement08 March 2006, Published under Cement NewsRaiffeisenbank (Ukraine), one of the largest banks in Ukraine, has opened UAH 14.14 million credit line to Dontsement company (Amvrosiivka, Donetsk region). The credit is provided for 1 year term. The credit line is multicurrency, it total volume cannot exceed US$2.8m. As Ukrainian News earlier reported, in late 2005, HeidelbergСement company (Germany) bought the Dontsement company. Dontsement owns 6 cement kilns and has a total capacity of about 2Mta of cement. |