Cement News tagged: Corporate
JK Corp unveils new corporate identity
JK Corp said on Friday that, the Company is in the final leg of its restructuring exercise. JK Corp is hiving off its financial investments into a separate company to become a pure cement company, rec
Bestway earns Rs 4.906bn profit during 2004-05
Bestway Cement, one of the largest cement producers and exporters of the country, has posted an after-tax profit of Rs4.906bn during the financial year ended on June 30, 2005 as compared to Rs3.801m l
Court turns down petition by TPIPL creditors to stop debt discount plan
The Central Bankruptcy Court on Monday dismissed a petition filed by 11 creditors of cement-maker TPI Polene Plc (TPIPL) opposing a plan to discount part of the company’s debts.
Colombia’s Argos buys US cement companies
Colombian cement company Cemento Argos has bought U.S. concrete makers Southern Star and Concrete Express for a total $257.5m in the biggest ever investment in the United States by a Colombian company
Tabuk Cement Profits Up 22%
Khaled Al-Shathri, Chairman of the Tabuk Cement Company, announced that the company achieved SR117.2m net profit in the first nine months of the year 2005, which is an increase
ACC bullish on TN, Kerala markets
Fuelled by the boom witnessed in the housing, infrastructure and industrial sectors, cement consumption in Tamil Nadu during August this year crossed 1Mt, pushing it to the top slot in cement usage am
Thirty staff are axed at Castle
Almost a third of the workforce at Clitheroe’s Castle Cement will go as the firm struggles to come to terms with its "most intense competition for many years."
Semapa 1H Net Profit EUR21M Vs EUR136M
Cement company Semapa said its consolidated net profit was EUR21m in the first half of 2005, down from EUR136m in the same period the previous year.
Singapore’s Jurong Cement lower on H1 profit warning
Jurong Cement Ltd was sharply lower after it said it expects to report losses in the first half to September, citing operational difficulties in China, dealers said.
Cemex increases share offering
Mexico’s cement maker Cementos Mexicanos (Cemex) posted an increase of 3,993,000 securities in the global secondary share offering it made, as demand was oversubscribed.
H+H moves into Poland
H+H International is aiming to consolidate its position as Europe’s second largest producer of aerated concrete by signing a conditional agreement to acquire four aerated concrete plants in Poland. T
Greek cement firm Heracles’ H1 profit drops
Greek cement maker Heracles , majority owned by France’s Lafarge , reported on Thursday a 30.9 per cent drop in its first-half pretax profit to 28.4 million euros. "Favourable weather and deman
Mexican GCC To Expand in South America, USA
Mexican cement maker Grupo Cementos de Chihuahua (GCC) will expand operations in South America and the United States in a mid term, the investor relations director of the company, Luis Carlos Arias, s
SEC approves Fortune Cement Merger
The Philippines’ Securities and Exchange Commission has approved the merger of Fortune Cement Corp and Continental Operating Corp., with Fortune Cement as the surviving entity. The merger was fi
Cemex Completes Secondary Share Offering
Mexican cement maker Cemex SA completed its secondary share offering Wednesday, raising about $1.53 billion, the Mexican Stock Exchange said. The exchange said in a press release that including over-a
Mexico’s Cemex set to price $1.5 billion ADR offer
Mexico’s Cemex will fix the price of a share offer worth around $1.5 billion after the stock market closes on Tuesday. Cemex plans to sell 27 million of its American Depositary