Cement News tagged: Corporate
Egypt’s National Cement says profit down 7.6 per cent
Egypt’s National Cement’s profit in the year to end-June dropped 7.6 per cent to 280.9 million Egyptian pounds ($49.80 million), the stock exchange said on Sunday.
Twiga Cement stops dividends, opts for $100m expansion
n what is emerging as a trend in Tanzania’s cement industry, Twiga Cement Company Ltd will not pay its shareholders interim dividends but instead divert funds to a $100 million expansion project.
CEMEX Provides Guidance for the Third Quarter of 2007
CEMEX, S.A.B. de C.V. announced today that it expects EBITDA for the quarter ending September 30, 2007 to be about US$1,350 million,
HeidelbergCement sets Hanson plan; CDS converge
HeidelbergCement AG set out plans on Thursday for the existing debt of Britain’s Hanson, which it bought earlier this year, leading the cost of default protection on the two credits to converge.
Attock Cement’s profit falls to Rs796.433m
The profit after tax of Attock Cement Pakistan Limited has declined to Rs 796.433m in the year ended on June 30 as compared to Rs 908.609m in the same period last year.
Aveng on the prowl with Holcim cash
Aveng, South Africa’s biggest construction and engineering company, is considering a major acquisition, which
Decline expected in Attock Cement’s profit, Pakistan
Attock Cement Pakistan Ltd (ACPL) is expected to post a profit after tax of Rs 793m for the financial year 2006-07, which is 13 per cent lower than Rs 909m
TCC Int’l gets 50% voting right in CHCGC
TCC International (TCCIH) (1136) and Chia Hsin Cement Greater China Holding (CHCGC) said Chia Hsin Pacific Limited (CHPL) has accepted the offer of the voluntary conditional securities exchange offer
Croatian Nasicecement to hike capital
Croatian cement producer Nasicecement, part of local construction materials group Nexe, plans to hike its share capital to 577.73m Croatian kuna (EUR78.9m), from 257.73m kuna (EUR35.2m).
Egypt’s OCI says H1 net pft up 46 per cent to $307m
Egypt’s Orascom Construction Industries (OCI) reported a 46 per cent rise in its first-half net income on Monday to $307 million, helped by higher sales volumes.
HeidelbergCement could sell further non-core activities
HeidelbergCement is examining a possible sale of further marginal activities, following the takeover of UK construction materials supplier Hanson.
Taihang Cement new shareholder
Taihang Cement announced today that the company received the approval of the State-owned Assets Supervision and Administration Commission of the State Council for
Colombia’s Cementos Argos sells COP76B in nine month commercial notes
Colombia’s largest cement company, Cementos Argos SA, sold COP76bn (US$35.1m) in nine-month commercial notes Wednesday, the company said in a filing to the country’s securities regulator.
Helmut Erhard to retire from Lehigh Cement Company; Dr. Albert Scheuer to become new CEO
Lehigh Cement Company has announced the retirement of Helmut S. Erhard, CEO, President and member of the Managing Board of Lehigh’s parent company, HeidelbergCement Group, effective December 31, 2007.
Strong CRH profit growth in Europe
CRH’s first half turnover rose by 20.8% to EUR9698m and the EBITDA increased by 23.4% to EUR1141m,
TPI Polene: outlook depends on timing of refinancing
Thailand’s TPI Polene’s (TPIPL) 2H07 core earnings is expected to be stable from 1H07 as: i) Domestic cement sales in 2H07