Cement News tagged under: corporate
Cementos Argos to fire Rioclaro kiln with tyres14 November 2014, Published under Cement NewsColombia’s Cementos Argos will be using tyres to fire its Rioclaro kiln with the option to extend the programme to its other plants. In Colombia, 110,000t, or 7m, of waste tyres are produced annually, of which 2.5m in Bogotá. The Argos project will be able to use around 75 per cent of this national volume. |
India Cements: back in the black13 November 2014, Published under Cement NewsIndia Cements has reported a profit for the July-September quarter on higher income and lower expenses following a loss in the same period of the previous year. For the three months to the end of September 2014, the company posted a net profit of INR7.5 crore against loss of INR22.5 crore in the year-ago period. Total income from operations grew by 3.84 per cent to INR1136 crore in the quarter ended September 2014 from INR1094 crore in same quarter a year earlier. Operating profit ... |
UAE: National Cement nine-month net profit up 2% YoY13 November 2014, Published under Cement NewsUAE-based producer National Cement Company said on Wednesday its net profit for the first nine months of 2014 rose 1.97 per cent to AED77.5m (US$21.1m) from AED76m in the corresponding period of 2013. Earnings per share (EPS) stood at AED 0.22, compared with AED 0.21. Revenue of the building materials producer fell to AED161.9m from AED174m. |
India Cements board to consider raising INR5bn, mulls MSE delisting12 November 2014, Published under Cement NewsIndia Cements today said its board will consider a proposal to raise INR5bn (US$81.3m) from investors. "The Board of Directors at its meeting will, consider the following issue of QIP, FCCB, GDR and/or other securities for a total sum not succeeding INR500 crore”, India Cements said in a filing to the BSE stock exchange. The board would also consider delisting of its shares from the Madras Stock Exchange Ltd (MSE), it said. |
Raysut Cement nine-month net profit up 8% YoY12 November 2014, Published under Cement NewsRaysut Cement, Oman's biggest cement producer, reported an eight per cent increase in net profit to US$60.21m compared with US$55.71m in the same period of last year. Revenue was US$183m for the period, just ahead of the US$182m recorded in the first nine months of 2013. "While there are positive signs of growth in Oman market, the same is not being translated into cement demand due to sever competitions from the UAE suppliers. The competitions are also experienced in the Yemen and ea... |
South Valley to bid for additional shares in BMIC, Egypt12 November 2014, Published under Cement NewsSouth Valley Cement Company voted on Sunday to bid for no less than 30 per cent of Egyptian Building Materials Industry Company (BMIC), to add it to the 47.61 per cent of the shares that it currently owns. The offer is aimed at the 30.07 per cent held by Egypt Kuwait Holding Company but will also be extended to other investors in BMIC interested in selling their shares, South Valley Cement announced on Monday in a filing to the Cairo Stock Exchange. No financial details related to the pote... |
TCC International unit to acquire Hunan Jindadi Materials Company Ltd12 November 2014, Published under Cement NewsTCC International (Hong Kong) Company Ltd, a wholly-owned subsidiary of TCC International Holdings Ltd, has entered into an agreement to acquire 100 per cent stake in Hunan Jindadi Materials Company Ltd. Hunan Jindadi Materials is a China-based manufacturer and seller of cement, clinker, concrete products and gravel aggregate products, from Peng Zhongxi, Liu Xingjun, Ma Jianjun, Xiang Zeqiang, Yang Xiaohui and Xiao Jianqiang. The acqusition is reported to be worth CNY1270m (US$206.66m). |
Grupo Argos to issue preferential shares in 1Q1512 November 2014, Published under Cement NewsColombian holding Grupo Argos is planning to issue a base amount of 50m preferential shares in the first quarter of 2015 on the local and international markets, subject to the approval from Colombia's financial watchdog. Argos, parent company of Colombia’s leading cement producer Cementos Argos, seeks to strengthen its equity and bolster growth. Details of the issuance could be given in mid-January 2015. Banca de Inversion Bancolombia, HSBC Securities and Bank of America Merrill Lyn... |
Macedonia: Cementarnica Usje net profit climbs 13% YoY12 November 2014, Published under Cement NewsMacedonia’s sole cement producer Cementarnica Usje AD Skopje said its net profit for the first nine months of 2014 climbed by 13 per cent to MKD1.25bn (EUR20.2m). Operating revenue rose six per cent to MKD3.1bn through the first nine months of this year, while operating costs remained flat at some MKD1.9bn, the company said in an unconsolidated financial statement to the Macedonian Stock Exchange. Usje is owned by Greek cement major Titan Cement, which releases its nine-month results t... |
CRH's nine-month results show growth11 November 2014, Published under Cement NewsIn its autumn trading statement, CRH said that turnover improved by three per cent in Europe and by five per cent in the Americas, or four per cent overall. EBITDA should be ahead by around 10 per cent on both sides of the Atlantic, having seen a 27 per cent rise during the first half (+61 per cent in Europe and broadly unchanged in the Americas). Depreciation and amortisation charges are expected to be around five per cent lower than in 2013 and the net interest charge is forecast to be... |