Cement News tagged under: international
CRH Liam O’Mahony earns €32k per day30 April 2007, Published under Cement NewsCRH CEO Liam O’Mahony was by far the top-paid boss of all Irish listed companies last year. O’Mahony took home a gross package of almost € 11.8m split between salary, bonuses and stock option gains. This equates to over € 32,000 per day. The top 10 highest earning executives of companies quoted on the stock market last year breached the € 52m mark, or an average of € 5.2m. O’Mahony took € 2.66m as a salary, bonus and assorted benefits package. However, most of his riches came ... |
Indian cement company performance30 April 2007, Published under Cement NewsThe March ’07 quarter was good for cement makers reports the Indian press. Large cement companies — ACC, Grasim, Gujarat Ambuja (now Ambuja Cement), Ultratech Cement and India Cement — built up on the revenue and profit growth momentum exhibited during the previous three quarters. Combined net profit of top four cement makers more than doubled during the quarter compared to March ’06, while it was up 25 per cent YoY. That the growth was driven by better sales realisation was evident ... |
National Cement Co. to start production by 200830 April 2007, Published under Cement NewsThe National Cement Company of Yemen has announced that it will begin production by the year 2008, according to Ali Mohammed Saeed Anam, chairman of the board of the company. Technical and construction preparations for the NCC are taking place in al-Msimer region in Lahij governorate. This announcement came last Tuesday April 24 at the regular meeting of the General Association at the Social and Human Science College in Taiz. During the meeting, a closed annual budget was approved through ... |
Heidelbergcement to build plant in Tula region30 April 2007, Published under Cement NewsA cooperation agreement which had been signed between the Russian Tula region authority and Heidelbergcement at Tula’s first economic forum November last year, now sees the foundation stone ceremony taking place of the new cement plant Tulacement in settlement Novogurovskiy, Aleksinskiy district, with Heidelbergcement as the project’s main investor. On the first phase it is planned to make 2Mta of cement. On the second phase, cement production could increase to 4Mta. It is planned that t... |
Holcim strengthens position in Singapore30 April 2007, Published under Cement NewsHolcim has acquired 47.3 per cent of Jurong Cement Limited (JCL), Singapore, from three major shareholders for approximately US$30m. The company is predominantly active in the ready-mix concrete business and has also a presence in slag, special mortars and bag cement in Singapore. In 2006, JCL sold approximately 0.8 million cubic meters of ready-mix concrete. JCL is listed on the Singapore Exchange Securities Trading Limited (SGX-ST). In accordance with the Singapore takeover regulations... |
OCI signs agreement with Baltali Family to consolidate ownership in Batiçim Çimento27 April 2007, Published under Cement NewsOCI announced today that it has signed an agreement with Mrs. Türkan Baltalı, one of the largest shareholders of Batıçim Batı Anadolu Çimento Sanayii A.Ş. (Batıçim). The agreement lays the foundation for the partnership which will consolidate both shareholders’ votes in a new joint venture company. The partnership will result in the consolidation of 21.7 million class B shares representing approximately 33.7% of total outstanding class B shares and 6,469 A class shares representing appr... |
Spain’s housing market to implode?27 April 2007, Published under Cement NewsWith signs all pointing to a crash in the Spanish property market, the only question in Spain now is which bubble is bursting. Are only overvalued property companies in trouble, or is the country’s entire property market going down? For the economy as a whole, in which construction weighs in at a hefty 18%, it could mean the difference between a soft landing and a hard one, after 14 years of a construction-led boom that put Spain near the top of the euro zone’s growth league. In the past we... |
Cement prices fall by Rs10 per bag, Pakistan27 April 2007, Published under Cement NewsCement prices in Pakistan declined on Thursday by Rs10 per bag as the construction activities have slowed down due to shortage of workforce that is currently engaged in wheat harvesting in Punjab and Sindh. The price of cement bag in Lahore that was available at Rs235 earlier this week has come down to Rs225. Chairman Cement Dealers Association Sheikh Mohammad Asif said the demand of cement would remain depressed till May 10 when the harvesting of wheat would be over. He said the demand o... |
GCC Reports First Quarter 2007 Results; solid growth in international and domestic sales27 April 2007, Published under Cement NewsGrupo Cementos de Chihuahua S.A.B. de C.V today announced consolidated results for the first quarter ended March 31, 2007. GCC’s successful growth strategy and continuous efforts to attain the highest levels of operating efficiency were seen in the results of the quarter, which reflected higher revenues from the new acquisitions and organic growth, a better pricing environment and greater operating efficiency. Net Sales in the first quarter of 2007 increased 35.6% from the year ag... |
Rinker says outlook clouded by uncertainty about US housing market27 April 2007, Published under Cement NewsRinker Group Ltd said its earnings outlook is clouded by uncertainty over the direction of the US housing market. The construction materials group, which earns more than 80 per cent of its income in the US, said a slowdown in the US housing market impacted on its earnings growth in the year to March. Rinker, currently under a US$14.25bn takeover from Cemex reported a 5.7 per cent rise in net profit for the year to March to US$782.4m from US$740.2m a year earlier, in line with mar... |