Cement News tagged under: corporate
Semen Baturaja to distribute dividend, Indonesia25 March 2014, Published under Cement NewsSemen Baturaja will distribute a IDR78.04 dividend, or 25 per cent of last year’s net profit of IDR312.18bn (US$27.4m) Pamudji Raharjo, president director of the publicly-listed company, said the government will have a share of IDR59.5bn (or 76.24 per cent of the dividend) and the investing public will have around IDR18.5bn). The remaining part of the net profit will be used as a reserve fund to support Semen Baturaja’s expansion, Pamudji added. This year, the company targets a 12.17 pe... |
China Tianrui Group Cement full-year net profit slides25 March 2014, Published under Cement NewsChina Tianrui Group Cement Co Ltd said its 2013 profit attributable to shareholders declined more than 28 per cent to CNY558.9m (US$90.17m) from CNY783.4m the year before. Basic earnings per share slid to O.23 from CNY0.33. Pretax profit fell 29 per cent to CNY729.3m. However, revenue rose more than 14 per cent to CNY8.66bn. |
Israel: CRH mulls disposal of Nesher cement stake24 March 2014, Published under Cement NewsCRH Group is considering the sale of its 25 per cent stake in Mashav, the holding company for Nesher cement, Israel, which the Irish group acquired in 2001, reports The Sunday Independent. Newly arrived CEO, Albert Manifold, is carrying out a comprehensive review of the company’s businesses and has so far identified 45 that will be put up for sale. In a recent Annual Report filed in the US, CRH wrote of the 25 per cent stake in Mashav, prompting speculation that CRH will seek to offload the... |
Nepal: shareholders eagerly await Padma payments24 March 2014, Published under Cement NewsShareholders in Padma Cement, which is currently in the process of being liquidated, have expressed concern following the news that the liquidator's office will pay out dues of lenders first. The DSE managing director, Dr Swapan Kumar Bala, said the liquidators will first have to pay any debts owed to lenders. "As owners of the company, the shareholders will get something after paying out the dues of lenders," Mr Bala said. Barrister M Moksadul Islam, assigned by the court to complete... |
Shanshui Cement announces 2013 gross profits of US$617.7m24 March 2014, Published under Cement NewsDuring the 12-months ended 31 December 2013, China Shanshui Cement Group Ltd’s revenue reached CNY16,535m (US$2667.85m). Gross profit was CNY3829m while profit from operations reached CNY2557m. Profit attributable to equity shareholders of the company was CNY1017m. Basic earnings per share reached CNY0.36. The Board recommended the payment of a final dividend of HKD0.092/share (US$0.01/share) for the year ended 31 December 2013. Mr Zhang Bin, chairman and general manager of Shanshui Ceme... |
PT Semen Indonesia agrees loan for new plant24 March 2014, Published under Cement NewsCement producer PT Semen Indonesia has secured a non-cash loan of IDR1.4trn (US$122.57m) from PT Bank Mandiri, said Ahyanizzaman, the company's finance director. The firm will use the facility to build a works worth IDR3.7trn ($323.92m) with a capacity of 3Mta in Rembang, Central Java, according Kontan Online. |
Paraguay: INC back in profit, says company president24 March 2014, Published under Cement NewsParaguay’s Industria Nacional del Cemento (INC) is yielding profits again, according to its president Jorge Méndez Cuevas, although the company remains US$60m in debt. “INC’s average monthly losses totalled nearly PYG4.5bn (US$1.017m). From September 2013, we started to yield positive results. That month posted a net profit of PYG1.43m, in October PYG955m, in November PYG1.03bn, in December PYG4bn and in January this year PYG1.283bn. We currently have a record PYG88bn in the treasury and ... |
Colombia’s Argos invests in new Cartagena distribution centre24 March 2014, Published under Cement NewsCementos Argos will be investing US$35.2m in a new distribution centre in Cartagena, announced the company’s president Jorge Mario Velasquez at the shareholders’ meeting. The new distribution centre will increase the company’s dispatch capacity to 1.3Mta of bagged cement and 1Mta of bulk cement. The investment will primarily benefit the company’s logistics in the north of the country. |
Bolivian cement project hits gas supply issue21 March 2014, Published under Cement NewsBolivian cement producer Sociedad Boliviana de Cemento (Soboce) said that investments in the sector have been stalled by the lack of energy to build new plants. Soboce planned to invest around US$160m in a new 0.8Mta cement works in the municipality of Port Suárez, Yacuses, but the lack of gas supply, which was to be delivered by state-owned Yacimientos Petroliferos Fiscales Bolivianos (YPFB), to the site delayed the project. Soboce president, Samuel Doria Medina closely-linked the cem... |
SCG maintains revenue forecasts, demand to remain subdued21 March 2014, Published under Cement NewsSiam Cement Group (SCG) of Thailand is maintaining its 10 per cent revenue growth forecast for this year, despite delays to the government’s THB2trn infrastructure plan. President and chief executive Kan Trakulhoon told the Bangkok Post that SCG’s 2014 revenue expectations do not take into account projects under the huge plan. The company has instead focused on the expansion of Bangkok’s subway and skytrain networks. Domestic demand, however, is expected to remain muted and increase by jus... |