Cement News tagged: Corporate
Shree Cement profit hit by charge
Cement maker Shree Cement expects to report a 72 per cent jump in 2005/06 profits but will miss market expectations by a wide margin because of a depreciation charge of at least Rs 1.3bn rupees (US$29
Bamburi profits up significantly
Bamburi Cement¹s profit before tax has grown by 22.5 per cent to Ksh3.3bn from Ksh2.7b for the year ended December 31, 2005. A statement said the group¹s turnover shot up by 22.5 per cent to close at
Fecto Cement’s last year performance
The turnaround in Fecto Cement Ltds performance in Pakistan was achieved last year. For the year under review, the company achieved even higher result which enabled the company in further improvement
Cement sector profitability up 82 per cent
During the first half of the current financial year the profitability of local Pakistani cement companies maintained its upward track with higher demand, price increment and decline in cost of product
Rain Commodities acquires RCUSA
Rain Commodities Ltd a Hyderabad based cement producer today said it has acquired 100 per cent equity stake in US-based Rain Commodities Inc (RCUSA).
Cemex offers investment sweetener?
The Colombian subsidiary of Cemex is set to double investments in 2006 in response to high sales in the country, newspaper El Norte quoted the firm’s planning and development VP, Juan Carlos Del
CRH ’05 profit up appreciably, 2006 outlook good
Profits at Irish building materials group CRH Plc are expected to have exceeded Euro 1.25bn in 2005 -- up 14 per cent on 2004 -- and analysts forecast another strong year for the group. The median of
Commercialbank to manage Gulf Cement IPO
Gulf Cement Company has appointed Commercialbank to manage its initial public offering (IPO) on the Doha Securities Market. Gulf Cement will have a paid-up capital of QR800m and hopes to offer 80 per
Italy Cementir authorised to buy 4K-Beton
Italian cement group Cementir, a unit of local construction company Caltagirone, received authorisation to acquire Denmark’s second largest concrete producer, 4K-Beton, a subsidiary of Cemex, th
Irish Readymix operating profits fall
Irish cement maker Readymix PLC reported operating profits below expectations for 2005, after performance was hit by fierce competition and rising transport, energy and raw materials costs. Operatin
Holcim Romania
Holcim Romania has recently launched HolFresh, a new service for construction companies which need to maintain the ready-mix concrete fresh for up to half an hour, the company said on March 2, 2006. T
Egypt Suez Cement net debt
Egypt’s cement company Suez Cement Company, controlled by Italian cement group Italcementi, registered a consolidated net financial debt of some Euro 194m at the end of 2005, it was reported on
Moroccan Lafarge net profit rises 3.6 per cent
Lafarge Ciments , the Moroccan arm of French Lafarge SA, reported a 3.6 percent increase in 2005 earnings on Thursday as it raised output to feed a growing construction market. Net profit rose to 856
EU suspends review Of Wendel takeover
The European Commission Thursday suspended its antitrust review of French investment firm Wendel Investissement’s (12120.FR) planned takeover of building materials company Groupe Materis. A Com
Holcim pleases JP Morgan
Holcim’s 2005 EBITDA was SFr 4757m, SFr43m higher than analysts at JPMorgan (JPM) were forecasting. Holcim reported 2005 earnings of SwFr 1540m, in-line with JPM forecast of SwFr 1541m and SwFr40m
Acquisitions, prices rises boost Holcim profits
Recent acquisitions and price increases helped Holcim to report a 75 per cent increase in net profit for 2005, beating market expectations and its rivals’ performance.