Cement News tagged: Corporate
Cementos Molins completes stock split
Spanish cement company Cementos Molins has completed its 1:10 stock split, the company informed the Spanish securities regulator CNMV on July 21, 2005. Under the operation, the company divided each on
OCL India Q1 net up 21 per cent
OCL India Ltd has reported a 21 per cent rise in net profit at Rs 14.55 crore during the first quarter of the current fiscal. The company has announced a 17 per cent growth in turnover at Rs 164.87 cr
TPIPL: First quarterly loss since 2002
TPI Polene (TPIPL) announced a Bt215m loss for 2Q05, compared to a net profit of Bt483m (inclusive of Bt538m extra gain) and Bt768m in 2Q04 and 1Q05, respectively. This was due mainly to Bt766m forex
OCI raises stake in Pakistan subsidiary
Orascom Construction Industries said it has received approval from both the Securities & Exchange Commission of Pakistan and its shareholders to convert US$19.2m in debt it purchased earlier in the ye
Holcim pulls out of Akhangarancement
Holcim has sold its 23.6 per cent stake in Akhangarancement, Uzbekistans second largest cement plant, to Zeromax Group of the United States. The Zeromax office in Tashkent told Interfax that the deal
Peru’s Cementos Lima 2Q Net
Higher operating costs helped drive down Cementos Lima SA’s second-quarter net income to 20.8 million soles compared with PEN25.4 million in the same quarter last year. The company released the
Siam Cement to post flat Q2
Siam Cement (SCC) Thailand, is set to report flat quarterly earnings from a year ago but a 20 per cent slump from the previous quarter on softer petrochemical prices and high fuel costs. But the seco
Turkish Kurtalan Cimento sees improved turnover
Turkish cement producer Kurtalan Cimento expects a turnover of 75m new Turkish lira (Euro 46.8m) for 2005, compared to 60 mln lira (Euro 37.4m) in 2004, it was reported on June 19, 2005. The factory
Ciments Francais considers TPIPL stake
Bangkok Bank PCL, Thailand’s largest commercial bank, is teaming up with France’s Ciments Francais to bid for a stake in TPI Polene PCL Krungthep Turakij newspaper reports, quoting a finan
Shui On to expand cement business by acquisition
Shui On Construction and Materials Ltd. announced its annual results for the year ended 31 March 2005. The net profits of the group reached HK$483m, an increase of 2.27 times. The project of Ruihong N
Zuari Cements workers plan protest
Contractual workers of Zuari Cements Ltd at Yerraguntla will obstruct the Chief Minister Y.S. Rajasekhara Reddy’s convoy during his proposed visit to the district on July 27, the AITUC State sec
Siam Cement gives financial donations
Mr Chumpol NaLamlieng, President of The Siam Cement Public Company Limited, presided over the presentation ceremony of the financial donation to 40 foundations and charitable organizations throughout
Ras al Khaimah cement company posts profit increase
According to local reports the Ras Al Khaimah Cement Company posted Dh 54.5 million net profits in the first half of the current year compared to Dh 23.1 million of the same period last
Andhra Cement to retire loans
Andhra Cement, Calcuttam India will restructure its high-cost debt in the next three months. Only then will the board decide whether to sell the company or retain it and expand further. Andhra Cement
Eurocem has clear-out at Baltsem
The shareholders of the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers in Ukraine, abolished the plant’s board of directors at a meeting on July 7 and appoint
Texas Industries 4Q Net rises
Texas Industries Inc.’s (TXI) fourth-quarter net income rose nearly 11 per cent on strong results from its cement business. In a press release Wednesday, the company posted net income of US$41.7