Cement News tagged under: corporate
FLSmidth order book at Euro 804.1m08 December 2005, Published under Cement NewsThe order book of Danish engineering and cement group FLSmidth has reached a record-high volume of some 6.0 bln Danish crowns (Euro 804.1m), the group’s managing director, Joergen Huno, said on December 7, 2005. At the end of the third quarter of 2005, the order book was 31 per cent higher than a year earlier. The group expects to maintain the present high order level also in 2006. FLSmidth also said it had signed a 1.4 bln crown (US$219.4m) contract with Emirates Cement Company (EMCC)... |
Nicolini sells 5000 Cementir shares08 December 2005, Published under Cement NewsRiccardo Nicolini, general manager and director of Italian cement group Cementir, a unit of local construction company Caltagirone, has sold on the market a further 5000 Cementir shares, it was reported on December 7, 2005. Nicolini sold the shares for Euro 23,500 in a transaction dating back to December 5, 2005. Nicolini bought on the market 40,124 shares of Cementir between October 10 and November 16, 2005, the Italian News Digest reported on December 6. The shares were acquired for... |
Gujurat Ambuja shares rise on bid rumour07 December 2005, Published under Cement NewsGujarat Ambuja shares have been rising steadily in the past one month on market speculation that Holcim, is interested in buying a stake in the company. Gujarat Ambuja shares have risen by around 10 per cent since November 2. The rise has also been fuelled by news about the visit of Markus Akermann, Holcim’s CEO to India. Mr Akermann met Gujarat Ambuja executives including Narottam Sekhsaria, the managing director, on Tuesday. Sources told ET that Mr Akermann attended a dinner hosted in ... |
More on the Lemona bid07 December 2005, Published under Cement NewsFCC (Fomento de Construcciones y Contratas), the Spanish construction and services group, has gone against the trend in the sector by focusing on the Spanish market with its 100 per cent takeover of cement company Cementos Lemona. FCC already controlled a leading 30.72 per cent stake in the company and has now protected this interest from hostile bids by rival sector members. Cementos Lemona was one of the last opportunities for growth in the national cement market, which now has a very narr... |
Greek Titan shows promise07 December 2005, Published under Cement NewsShares testing new highs. Titan Cement rose 2.87 per cent to close at Euro 32.30, hitting a new historical high intraday, continuing its upward trend on solid fundamentals after it recently announced above-expectation nine-month results, brokers said. |
Net profit of Semen Gresik to climb06 December 2005, Published under Cement NewsThe net profit of PT Semen Gresik Tbk (SG) would start to break IDR1 trillion next year, especially due to the higher net profit of Semen Padang, a unit of Semen Gresik, in the next three years. Some sources of Bisnis Indonesia said that the higher profitability of Semen Padang has been recorded on the third quarter report of the year, with the total net profit of IDR706.37 billion. This year, the consolidated net profit of the company would break IDR900 billion. "The net profit of Semen ... |
Vietnam’s cement up again in November06 December 2005, Published under Cement NewsVietnam consumed 2.4Mt of cement last month, a 6.7 per cent increase over the previous month and bringing total consumption in the first 11 months of the year to 25Mt, according to the Vietnam Cement Association. However, cement consumption is unlikely to reach the year’s target of 29Mt. This is attributed to unfavourable weather for construction and a cooling real estate market. |
UAE Cement Manufacturers 2005 net profits up06 December 2005, Published under Cement NewsUAE’s cement manufacturers are expected to post a 2.5 mln UAE dirhams (US$680.6m) combined net profit for the entire 2005, according to forecasts of cement industry experts on December 5, 2005. The companies will strongly benefit from the undersupply of building materials in UAE’s booming construction sector, the experts said. The eight cement makers listed on DFM are Abu Dhabi National Company for Building Materials (Bildco), Ras al-Khaimah Ceramics Co (RAK Ceramics), Union Cement, Ras al-... |
Egypt’s Ameriya Cement profit up 73 per cent06 December 2005, Published under Cement NewsEgypt’s Amreya Cement reported net profit of 129.3 million Egyptian pounds (US$22.4m) for the first nine months of 2005, a 73 per cent increase on a year earlier, the stock exchange said on Monday. The firm reported net profit of 74.6 million pounds in the same nine-month period to the end of September, 2004. |
Holcim makes Management changes05 December 2005, Published under Cement NewsHolcim Ltd said Bill Bolsover, chief operating officer of recently-acquired Aggregate Industries, will become the unit’s chief executive. Bolsover was also named area manager for Holcim’s aggregates and ready-mix activities. Bolsover will replace current Aggregate Industries CEO Peter Tom, who will become the unit’s Non Executive Chairman. Aggregates Industries board member Norman Fowler will be appointed to Holcim’s board of directors. |