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Ultratech looks to buy out Dubai partners 08 February 2012 to purchase its partnerÔÇÖs stake in Dubai-based Star Cement Co to make it a fully-owned overseas subsidiary reports Financial Express. The company intends to exercise its option to purchase the local partnerÔÇÖs stake when they bought majority control... Type: Article Category: Mergers & Acquisitions JK Lakshmi Cement oks buy-back 08 February 2012 Directors approve financial move. ┬á (CW Group) JK Lakshmi Cement has informed India's BSE that the Board of Directors of the Company at its meeting held on February 07, 2012, approved the Buy-Back of Equity Shares upto an amount of Rs. 97.50 Crore, at... Type: Article Category: Financial Qatar Cement releases 2011 results 08 February 2012 Company set to pay out dividends (CW Group) Qatar Cement has released its financial results for 2011 and has scheduled a shareholder assembly in mid-March reports Raya. The company has also announced plans to distribute dividends at 60 percent of its... Type: Article Category: Financial Demag Cranes reports higher results 07 February 2012 Going ahead, despite the present uncertainties, the company continues to anticipate further revenue growth for the current financial year. Demag Cranes said it plans to generate Group revenue of around 1.1 billion euros in financial year 2011/2012.... Type: Article Category: Equipment & technology Vicat says EBITDA margin likely lower in H2 2011 05 February 2012 to 22.1%. "Moreover (...) the consolidated net profit of the group throughout the year will take account of an increase in financial expenses (...) and a tax on the increase," added the in a statement, without quantifying the impact of these fees and... Type: Article Category: Financial PPC reports higher sales in Zimbabwe 02 February 2012 Zimbabwe.┬áCurrent trends in cement demand and prices should result in improved results during the first half of our 2012 financial year," said the company. Zimbabwe is one of the countries in the region in which PPC has operations, the report... Type: Article Category: Markets & Competition South Africa's PPC cement sales falls behind peers 01 February 2012 draining its resources. The company however says it expects improved results for the group during the first half of this financial year. The group suffered a difficult year in 2011 with group revenue almost flat, which were offset by improved prices... Type: Article Category: Markets & Competition South Africa: PPC executive pay under scrutiny 31 January 2012 package of the companyÔÇÖs CEO Paul Stuiver. Botha said that he wanted to know if the compensation package depended on financial or personal performance. Company officials said 60 percent of the package depended on the companyÔÇÖs EBITDA with the... Type: Article Category: People Spanish cement crisis to continue 31 January 2012 a nearly 50 percent drop in size in the past few years. The countryÔÇÖs construction sector has ground to a halt as the financial crisis ravaged the Spanish economy. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Markets & Competition South Africa's PPC cautiously optimistic for 2012 30 January 2012 Engineering News. ÔÇ£Current trends in cement demand and prices should improve results during the first half of our 2012 financial year,ÔÇØ the company said in a statement on Monday. Sales for the South African cement industry as a whole increased by 7%... Type: Article Category: Financial Saudi, Egyptian cement companies declare financial results 30 January 2012 hikes dividend; Egypt's National Cement struggles. (CW Group) Saudi and Egyptian cement companies have released their financial results for the end of 2011. Saudi Cement announced that its profit increased by 26.2 percent to 832.2 million riyals from... Type: Article Category: Financial Volyn Cement to continue plant modernization 29 January 2012 over the last year, "Volyn-Cement" has reduced natural gas consumption of 108 million cubic meters per year to 7.8. Thus, financial savings - nearly 20%, the report said. "In addition, the combustion of coal dust we have no waste. After all the... Type: Article Category: Equipment Egyptian government bids out cement plant permits 27 January 2012 that the bid has generated much interest amongst investors. It adds that the bids would be evaluated according to their financial and technical merits. [/PAID] Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Plant Expansions Spain: Canary Island consumption plummets 27 January 2012 lowest consumption was placed at December at 2,250 tons. The countryÔÇÖs construction industry has been hit hard by the financial crisis which saw major building projects cancelled. The current European debt crisis has aggravated the industryÔÇÖs woes.... Type: Article Category: Volume & Pricing RAK Cement to release 2011 results 27 January 2012 to be released next week (CW Group) The board of directors of Ras Al Khaimah cement announced that they will release their financial results for 2011 next week reports Mubasher. The board says the results would be released on February 1, Wednesday in... Type: Article Category: Financial Birla to increase spending to hike production capacity 26 January 2012 brownfield expansion project at Chittorgarh district in Rajasthan, which is expected to be commissioned by the end of this financial year, along with a 7 lakh tonne per annum expansion at its cement facility at Durgapur in West Bengal. ÔÇ£The capex for... Type: Article Category: Plant Expansions Gresik looking at outside sources to help fund expansion 25 January 2012 be covered by bonds and bank loans. Bank loan option is also explored, and it has gotten loan offers from several European financial institutions. They even dare to offer a credit facility of U.S. $ 500 million to U.S. $ 900 million. Construction of... Type: Article Category: Financial Nigeria: Ebonyi state to see investments 24 January 2012 be beginning work on the projects within the next 24 months. Funding for the projects would be sourced from international financial and development agencies, including American Nexim Bank, Eco-Investment Company, African Development Bank, World Bank and... Type: Article Category: Plant Expansions WBCSD invites comments on India low carbon plan 22 January 2012 with high potential for delivering low carbon growth in the future. The technical papers also outline the policy and financial barriers which prevent widespread uptake of such technologies by the industry, the report said. "I'm delighted to see the... Type: Article Category: Markets & Competition Birla signals it may raise prices 22 January 2012 calorific value method, the report said. Birla CorpÔÇÖs production costs have risen by Rs8-10 per 50-kg bag, its chief financial officer P K Chand said. ÔÇ£Input prices have risen so much that cement producers are already contemplating taking a increase... 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