Cement News tagged under: corporate
Expressions of interest for Lafarge Pakistan acquisition01 May 2014, Published under Cement NewsTwo parties have officially expressed an interest in acquiring control of Lafarge Pakistan Cement, according to local press reports. Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting 100 per cent shares of its shares in Lafarge Pakistan Cement. DG Khan Cement (DGKC) informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it had received approval from its board of directors to participate in this [buying] process and to ta... |
Xinjiang Tianshan floats CNY500m bills in April01 May 2014, Published under Cement NewsXinjiang Tianshan Cement Co Ltd issued CNY500m (US$80m) worth of financial bills on 29 April 2014 with a maturity of 365 days and a coupon rate of 5.97 per cent, according to a recent company announcement. The northwest China-based cement manufacturer intends to spend CNY200m worth of proceeds from the issuance to repay bank loans and use the remaining CNY300m to replenish working capital. |
Orient Cement net profit falls 27%, India01 May 2014, Published under Cement NewsOrient Cement Ltd on Wednesday announced it has reported a decline of 27.06 per cent in its net profits for the fourth quarter ended March 2014. “The net profit of the company stood at Rs 36.12 crore during the same period a year ago,” said Orient Cement in a filing to the Bombay Stock Exchange. Total income of the company decrease by 2.07 per cent to INR402.43 crore during final quarter of FY13-14, from INR410.92 crore during the same period a year ago. |
Heidelberg 125th anniversary of stock exchange listing30 April 2014, Published under Cement NewsLeft: Dr. Bernd Scheifele, Chairman of the Managing Board, HeidelbergCement AG right: Hauke Stars, member of the Managing Board, Deutsche Börse AG Source: HeidelbergCement On the 125th anniversary of HeidelbergCement’s listing on the stock exchange, Dr Bernd Scheifele, Chairman of the Managing Board, started the floor trading at the Frankfurt Stock Exchange on 30 April 2014 by ringing the opening bell. Mrs Hauke Stars, Member of the Managing Board of Deutsche Börse... |
OCC quarterly profit affected by lower output30 April 2014, Published under Cement NewsOman Cement Co (OCC) reported a 47 per cent decline in net profit to OMR3.70m (US$9.61m) for the first three months of the year as a planned kiln shut down for expansion works affects production and lowers profitability. OCC, Oman's second-largest cement producer, has embarked upon a capacity upgrade project for one of its kilns which, upon completion will increase output by 2700tpd. “Since the project is in the final stage and nearing completion, and as a part of planned project act... |
Shree first quarter net profit down 19% YoY, India30 April 2014, Published under Cement NewsIndia-based producer Shree Cement reported a 19 per cent dip in net profit for the January-March quarter despite higher sales. The company, which has over 13Mta of capacity, reported net profit of INR222.50 crore during the first three months of this year compared to INR274.09 crore in the corresponding quarter of FY13. Total income grew to INR1665 crore from INR1443 crore on higher revenue from the cement segment. |
Lafarge Wapco first-quarter pretax profit up 20%29 April 2014, Published under Cement NewsLafarge Wapco said on Monday its first-quarter pretax profit rose to NGN8.62bn (US$54m), up 20 per cent from NGN7.20bn in the same period of last year. Turnover at the Nigerian unit of France’s Lafarge, rose to NGN27.03bn during the three months to March, against NGN23.23bn a year earlier, it said in a filing with Nigerian Stock Exchange. |
Egypt: ACC set for IPO29 April 2014, Published under Cement NewsEgypt-based producer Arabian Cement Company has set an indicative price range for its planned stock market listing at between EGP8.45 and EGP9.55 (US$1.37), with trading to begin on or around 21 May 2014, Chief Executive Jose Maria Magrina said on Monday. The deadline for buying orders will be on 8 May 2014 for private placement and 13 May for retail investors. The price of the initial public offering (IPO) will be announced on 10 May, he told Reuters in emailed statements. Magrina also to... |
Holcim strong start in Europe28 April 2014, Published under Cement NewsHolcim's first quarter turnover declined by 5.4 per cent to CHF4088m (EUR3342m), but on a like-for-lake basis, there was a 7.8 per cent increase and measured in euros the turnover, was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (EUR504m), which represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (EUR241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (EUR65m), as last year'... |
Solid first quarter for Cementos Argos28 April 2014, Published under Cement NewsCementos Argos posted first-quarter net income of US$39m, up 51.7 per cent compared to the first quarter 2013. The company attributed the increase in net income in part to the inclusion of the results from a recently acquired operation in Honduras, as well as 24 days of results from new assets in Florida, company representatives explained during an investor's conference call. “The significant increase of our profitability across all of the company’s three regional divisions, the still i... |