Cement News tagged: Corporate
BK Group plans cement unit in Assam
The BK Group, one of the leading business families of the North East, has finalised a plan to set up a greenfield cement project at Cachar in Assam, entailing an investment of about Rs 414 crore.
HeidelbergCement unit changes manager, Bosnia
Tvornica Cementa Kakanj (TCK), a Bosnian cement factory owned by Germany’s HeidelbergCement, said on Monday its supervisory board has named Branimir Muidza new general manager of the company.
Chilanga Cement spends on plant upgrades, Zambia
Chilanga Cement has spent K54.3bn over the past two years on maintaining its plants, company chairman Muna Hantuba has said. Reviewing the year ended December 31, 2005 at the company’s annual g
High interest for Camargo Corrêa bonds, Brazil
International markets gobbled up last week US$1.2bn worth of senior unsecured bonds issued by Brazilian civil engineering firm Camargo Corrêa’s, local daily Valor Econômico reported.
Torah Cement’s Q1 net profit up 54%
Egypt’s Torah Cement made a net profit of E£80.8m (US$14m) in the first three months of 2006, 54 per cent up on the same period of 2005, the stock exchange said on Sunday.
Italcementi FY to rise to EUR550m from EUR391m
Italcementi SpA is expected to increase full year net profit to EUR550m from EUR391m a year earlier, boosted by an increase in sales to EUR5.50bn from EUR5.00bn. EBITDA is forecast to rise to EUR1.32b
Profits jump at Egypt’s Suez Cement, Asec Cement
Egypt’s Suez Cement and Asec Cement, both controlled by Italcementi, reported sharp rises in their firt-quarter net profits on Sunday, with rises of 111 and 77 percent respectively.
Holcim Shareholders OK Capital Increase, Dividend
Swiss based cement maker Holcim Lt Friday said its shareholders approved the planned capital increase and the payment of the dividend of CHF1.65 per registered share.
Cementir Q1 profits more than double, Italy
Cementir, the Italian cement and concrete group, saw its pre-tax profits soar by 123 per cent, to EUR15m, during the opening quarter of 2006.
Lafarge completes North American transaction
Lafarge has announced that it has successfully completed its cash tender offer for the 46.8% minority stake in Lafarge North America that it not previously
Buzzi Unicem Q1 net swings into profit on higher sales, Italy
Italy’s Buzzi Unicem SpA said it posted a EUR29.1m net profit in the first quarter compared with a EUR17.8m loss a year earlier, thanks to stronger sales.
Holcim to issue shares at CHF83 each in capital hike, Switzerland
Holcim Ltd announced Friday the final conditions of a previously-announced capital hike, confirming the issue price of CHF83 per share but slightly increasing the number of shares to be issued.
Cementir revenue up 26.8 per cent, Italy
Italian cement group Cementir, a unit of local construction company Caltagirone, registered a revenue of EUR217.2m (US$275.9m) in the first three months of 2006, up 26.8 per cent YoY, the company said
FCC’s Q1 net profit rises 41 per cent, Spain
Spanish building and services group Fomento de Construcciones y Contratas (FCC) posted a 40.7 per cent rise in first-quarter net profit to EUR113.8m.
Suez net profit surges, Egypt
Egypt’s Suez Cement Co (SCC), 51 per cent held by Ciments Francais, registered a surge in consolidated net profit to E£222.7m (US$38.6m) in the first quarter of 2006, compared to E£105.7m (US$18
Juan Minetti profits slide 19 per cent, Argentina
Argentine cement and concrete company Juan Minetti made net profits totaling ARP18.7m (US$6.16m) during the first quarter this year, down 18.6 per cent compared to the same period of 2005, the company