Cement News tagged under: corporate
Lafarge: profit forecast ’challenging’20 October 2005, Published under Cement NewsLafarge raised doubts over whether it could meet its recently lowered profit forecast on Thursday, sending its shares down despite stronger-than-forecast nine-month sales. Lafarge, which disappointed investors last month when it trimmed its operating profit forecast, said its 6 to 8 per cent full-year target appeared "challenging" due to a weakening in its markets in the Great Lakes and northeast of North America. "The sales figures are good but the statement on the outlook is worrying... |
Taiwan’s China Synthetic buys Taiwan Cement shares20 October 2005, Published under Cement NewsChina Synthetic Rubber Corp (2104.TW) said it bought a cumulative 16.30 mln shares in Taiwan Cement Corp at an average price of 19.34 twd per share during Sept 14-Oct 19. The company now holds 67.35 mln Taiwan Cement shares, accumulated at a cost of 1.30 bln twd, it said in a filing to the Taiwan Stock Exchange. |
Gujarat Ambuja Q1 net lags forecast20 October 2005, Published under Cement NewsIndia’s third-largest cement maker, Gujarat Ambuja Cements Ltd. reported a 7 per cent rise in quarterly profit on Wednesday, below street expectations as floods in its key market hit sales. With the monsoon season over the company, valued at $2.05 billion, expects to do better in the coming quarters, an official said. "The first quarter numbers are no indication of what is in store for the next few quarters," Jayesh Doshi, assistant vice president at Gujarat Ambuja, said. "We expect ... |
Cimsa opts for capital increase20 October 2005, Published under Cement NewsCimsa announced that its subsidiary Ercim Cimento, based in northern Cyprus, decided to increase its capital to TRY 1.4m from the previous TRY 7,000. Cimsa will participate in the capital increase and consequently its share in Ercim¹s capital will rise to 100% from 99.86%. |
Eastern Province Cement profile19 October 2005, Published under Cement NewsEPCC is one of the leading cement producers in Saudi Arabia and one of the largest manufacturers of Ordinary Portland and Sulphate Resisting Portland Clinker and Cement in the Kingdom of Saudi Arabia _ according to a new report from Global Investment House, Kuwait. EPCC produces various types of cement, such as ordinary portland cement (OPC), sulphate resisting cement (SRC) and portland pozzolanic cement. The company produced 2.699Mt of cement in 2004 as compared to 2.374Mt of cement in the ... |
Bangkok Bank supports northern building trades19 October 2005, Published under Cement NewsBangkok Bank in association with Siam Cement Group is supporting the local building trade in northern Thailand at this year’s Cementhai Home Mart Fair 2005 held at the Chiang Mai University Convention Center October 22-24. The Fair is aimed at entrepreneurs in the construction and home decoration business in Chiang Mai. Bangkok Bank’s Executive Vice President, Mr. Chartchai Srirussamee, said, "The Cementhai Fair is a great opportunity for the Bank to develop long term relationships and provi... |
Akmenes Cementas results18 October 2005, Published under Cement NewsNine-month sales of Akmenes Cementas up almost 13 per cent. Sales of Akmenes Cementas reached 90.8 million litas (Euro 26.3m) in the first nine months of 2005, a 12.9 per cent increase year-on-year. "Our sales are growing both in Lithuania and in foreign markets," Arturas Zaremba, the head of Akmenes Cementas, told ELTA. In September, the sales of the firm, the only producer of cement in Lithuania, amounted to 14.5 million litas (Euro 42m), 40.4 per cent higher than they were in the s... |
Saudi Eastern Province Cement Co Moves HQ18 October 2005, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) has moved its headquarters in Dammam, in eastern Saudi Arabia, to a new building, local media reported in early October 2005. The new building is called Eastern Cement Tower and is located on the Khabar-Dammam highway. No further details were available. EPC posted a net profit of 149.6 mln Saudi riyals (US$39.9m) for the first half of 2005, up from 128 mln riyals (US$34.1m) for the year-earlier period, the Saudi Arabian News Digest... |
Turkerler acquires cement plant for $158.5m18 October 2005, Published under Cement NewsThe Turkerler Construction Company has submitted the highest bid of US$158.5m to buy Sanlıurfa Cement plant, formerly owned by the Uzan familiy, Cihan news agency reports. Some 18 companies had submitted bids for the privatization of the Sanlıurfa cement factory, which was put up for sale at a price tag of US$56m. The factory was sold to Turkerler Construction Company for a winning bid of US$158.5m. |
India Cements raises $100m17 October 2005, Published under Cement NewsIndia Cements Ltd on Friday said it has raised US$100m (about Rs 450 crore) by issuing about 2.3 crore global depository shares (GDSs). The GDSs, each representing two underlying equity shares of Rs 10 each were priced at US$4.3226 (Rs 194.5) or Rs 97.25 a share. The issue price was at a 3 per cent discount to the closing price on the National Stock Exchange on October 13, a company press release said. The funds will enable the company to improve its financial leverage and grow its business... |