Cement News tagged: Corporate
HeidelbergCement eyes higher profit in 2006
HeidelbergCement , the world’s fourth largest cement maker, aims to increase its profit and sales in 2006, its chief executive told the Frankfurter Allgemeine Zeitung, reaffirming
Siam Cement seen posting weak Q4 on shutdowns
Siam Cement(SCC) is set to report a 26 per cent fall in fourth quarter earnings on Wednesday due mainly to petrochemical plant maintenance shutdowns and high fuel costs.
Portugal Cimpor, Secil 2005 sales down
Sales of Portuguese cement producers Cimpor and Secil fell in 2005 for a third year in a row, registering declines of 3.3 per cent year-on-year, according to Portugal’s Finance Ministry data rep
Valderrivas secures loan for Lemona deal
Cementos Portland Valderrivas said on Wednesday that it had secured bank loans worth €250 million to finance its takeover bid for fellow cement manufacturer Cementos Lemona. It
Saudi Yanbu Cement Q3 2005 net profit
Saudi cement producer Yanbu Cement Company (YCC) registered a slight decrease in net profit to 122.8 mln Saudi riyals ($32.7m) for the third quarter of 2005, down from 123.3 mln
Southern Cement profits up
Southern Cement, Saudi Arabia’s largest listed cement firm reported net profits of SR615 million ($164m) today, up 12.7 per cent from the previous year Southern cement’s net profit
Siam Cement Group prepares for change
This year will be another milestone for SCC as members of the existing top management transfer control to a new generation of executives, the Bangkok Post reports. Six top executives, including pres
Siam City’s 4Q-05 earnings disappoint
As rising energy costs pressured the profitability of cement producers in 2005, Siam City Cement (SCCC) raised its selling price by around 6.5 per cent to be Bt1650 per tonne in November. However, SCC
Holcim Romania investments
Holcim Romania projects Euro 160m worth of investment until 2008, the Ziarul Financiar newspaper reports on Tuesday. The upgrading of technologies and environment protection are in focus. The Holcim
Shree Cement net up 70 per cent
Shree Cement reported a 70 per cent increase in its net profits for the quarter ended December 31, 2005, at Rs 27.95 crore from Rs 16.49 crore in the same period last year.
Adana Cimento suspends talks with Oyak
Cement company Adana Cimento said that it suspended talks with Oyak regarding the sale of its shares in Oysa Cimento. In November, Adana Cimento announced that it would sell
Anglo American to divest of Tarmac?
In its strategic review published last autumn, the large international mining group Anglo American took a close look at its non-mining interests and decided to sell its stake in Highveld Steel and to
Conch unveils non-tradable-share reform plan
Anhui Conch Cement Co said its parent is offering holders of its A shares a total of CNY180m (US$22.3m) to compensate them for allowing the listed company’s non-tradable
Sh1.6bn East African Portland tender cancelled, Kenya
The Government has cancelled a Sh1.6bn East African Portland Cement Company (EAPCC) tender citing "serious flaws" in the tendering process.
Cemmac Merges with Cemus, Slovakia
Cement producer Cemmac, a.s. Horne Srnie has merged with trade company Cemus, s.r.o. Horne Srnie. Both companies’ general shareholder meetings blessed the merger that came
Spinnaker to acquire 45.23% in Sanghi Industries, India
The British Virgin Islands-based investment fund Spinnaker Global Opportunity Fund Ltd along with two other Spinnaker funds has decided to make an open offer to the