Cement News tagged under: corporate
Birla Corp profit up 189%01 February 2006, Published under Cement NewsBirla Corporation Limited, flagship company of the M P Birla Group, reported 189 per cent growth in net profit at Rs17.22 crore in the third quarter of the current financial year against Rs5.95 crore during the corresponding period the previous year. Net sales during the period went up by 9.41 per cent to Rs333.60 crore from the corresponding period’s Rs304.90 crore. R S Lodha, chairman, said the new thermal power plant of 27MW at Satna was commissioned during the quarter and this plant... |
Portland Cement’s half year profits rise01 February 2006, Published under Cement NewsPortland Cement’s half year profits rise East African Portland Cement announced its profit before tax had increased by 138 per cent during the last six months. The company said pre-tax profit had increased from Sh360 million to Sh857 million, while turnover shot up from Sh2.5 billion to Sh3.1 billion. Profitability was mainly driven by increased cement demand which grew by an estimated 15 per cent due to a vibrant building and construction industry. "This contributed significantly to the ... |
Dniprotsement To Join Kryvyi Rih Cement01 February 2006, Published under Cement NewsDniprotsement To Join Kryvyi Rih Cement Shareholders of the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region, Ukraine) decided to join one of the five biggest producers of cement Kryvyi Rih Cement company (Dnipropetrovsk region). After the merge, Dniprotsement will be considered non-existent and Kryvyi Rih Cement will be considered its successor. Kryvyi Rih Cement has a designed annual capacity of 1.5Mt of cement. HeidelbergCement holds 79.6 per cent of the shares in Kryvyi... |
Semen Gresik books higher profit01 February 2006, Published under Cement NewsPT Semen Gresik Tbk will have booked the net profit of IDR900 billion last year, representing an increase of 72.88 per cent from IDR520 billion on the previous year. The operating profit of the company, meanwhile, reached IDR1.3 trillion, while the sales value reached IDR7 trillion, with the total sales volume of 16.34Mt. The Finance Director of Semen Gresik, Cholil Hasan, said that the better performance of the company was due to the higher production volume as well as the higher selling... |
New chairman for FCC cement units01 February 2006, Published under Cement NewsNew chairman for FCC cement units The board of Cementos Portland Valderrivas SA, Fomentos de Construccion y Contratas SA’s cement operations, named Jose Ignacio Martinez-Ynzenga as its new chairman, replacing Rafael Martinez-Ynzenga, who’s retiring. The new chairman was a managing director of one of Portland’s divisions in 1993 and since 2002 has been the company’s Chief Executive Officer. |
Rinker says construction outlook positive31 January 2006, Published under Cement NewsHeavy building materials company Rinker Group Ltd says the outlook for its key markets of the United States and Australia continues to be favourable, despite a slower housing construction sector. The group today upgraded its annual earnings forecast as it reported a 48 per cent jump in third quarter net profit to $US161m ($A215m). Chief executive David Clarke flagged that the strength in Rinker’s US business is set to continue, confirming expectations of price increases in that market, whic... |
Jaypee acquires UP Cement’s assets31 January 2006, Published under Cement NewsJaypee Associates have acquired the assets of UP State Cement Corporation in a hotly-contested bid. The acquisition of the 2Mt capacity units will cost the Gaurs Rs 459 crore (US$100m). Besides the Jaypee group, Lafarge and Dalmia Cement also participated in the financial bid, which opened on Monday. Dalmia Cement is learnt to have quoted a price of Rs 376 crore. Sources said the Aditya Birla group company Grasim, which was also in the race, had decided against participating at the last minu... |
UAE Ras al-Khaimah Cement net profit rises31 January 2006, Published under Cement NewsUAE cement producer Ras al-Khaimah Cement Company achieved a net profit of 119.7 mln UAE dirhams ($32.6m) in 2005, up from 96.9 mln dirhams ($26.4m) in 2005, the company said on January 29, 2006. The company’s sales rose to 300 mln dirhams ($81.7m) from 246.8 mln dirhams ($67.2m). |
Steppe Cement Limited - Director/PDMR Shareholding31 January 2006, Published under Cement NewsSteppe Cement Ltd Acquisition of Shares by a Director. John Richardson, who is a director of Steppe Cement Ltd has acquired a total of 500,000 fully paid ordinary shares in the Company at a price of US$1.50 each as part of the placement of 14 million shares announced on 30 January 2006. Dealing in the placement shares is expected to commence on 3 February 2006. |
The Cemex 2005 final numbers30 January 2006, Published under Cement NewsCemex increased its 2005 turnover by 88.0 per cent to US$15,3201.0m and the EBITDA for the year rose by 40.1 per cent to US$3,557.1m. The trading profit improved by 34.3 per cent to US$2,486.7m, which after a net interest charge 39.6 per cent higher at US$486.9m led to a running profit before tax of US$1,999.8m, an advance of 33.1 per cent. Net debt at the end of the year stood 55.1 per cent higher at US$8,665m, which represents a gearing level of 83.7 per cent. Cement deliveries in 2005 w... |