Cement News tagged: Corporate
Holcim’s delists Apasco shares
The Mexican unit of Swiss cement company Holcim Ltd said Thursday it has delisted its shares from the local stock market. The shares of Holcim Apasco have traded occasionally since the European paren
Rinker¹s advance hit by weak US dollar
In the year to the end of March, Rinker increased turnover by only 2.0 per cent to A$5,339m (US$3,706m), because of the weakness of the US dollar, which accounted for 77.4 per cent of the turnover. Th
Taiheiyo down in Japan
Taiheiyo Cement Corporation, the largest Japanese cement producer, has reported a turnover 5.2 per cent lower at ¥879,484m (US$7,990m) for its financial year to the end of March 2004. The trading pro
Amnesty wants Israeli wall inquiry
Amnesty International has called on the Government to investigate links between Cement Roadstone Holdings (CRH) and the construction of Israel’s controversial security fence in the West Bank. H
Siam City Cement changes top staff
In its most drastic management revamp since Swiss cement maker Holcim Ltd took management control six years ago, Siam City Cement Plc is changing its chief executive and the heads of marketing, produc
Cement Shares Take A Hit
Indian Cement stocks have taken a heavy beating in June with the onset of monsoons. Industry majors such as Gujarat Ambuja, ACC and Grasim Industries have plunged up to 15 per cent on the bourses in J
Grasim offers to acquire 30% stake
Grasim Industries has made an open offer for acquiring a 30 per cent stake in Ultratech Cemco. The company came into existence after the demerger of Larsen & Toubro’s cement business. The offer
PSP Engineering sees losses rise
PSP Engineering, which took control of production at the bankrupt Prerovske strojirny engineering firm last year, posted an audited loss of CZK 93.4 mln in 2003, up from a loss of CZK 6.58 bn the prev
Greek Alpha Beton Reports
Greek Nimatemporiki-Alpha Beton, the company which emerged from the merger of textile company Nimatemporiki and concrete maker Alpha Beton, closed 2003 with a pre-tax profit of 3.17 mln euro ($3.81 ml
Holcim shareholder committed to keeping stake
Holcim’s leading shareholder Thomas Schmidheiny - one of Switzerland’s richest men - is committed to keeping his stake in the world’s second largest cement maker, his spokesman said
Fancesa can grow without Soboce
Bolivian cement producer Fancesa can expand its business without merging with larger competitor Soboce, according to its general manager Gonzalo Arce, Correo del Sur newspaper reported. Arce believes
Chia Hsin Cement 2004 net rising
The 2004 profit of Chia Hsin Cement Greater China Holding Corp is expected to rise 30 percent over 2003 despite China’s measures to cool its economy, said the firm’s Taiwan parent on Thurs
Spanish Cementos Rezola
Cementos Rezola and concrete producer Hormigones y Minas, part of Spanish cement group Financiera y Minera (FyM), owned by Italian cement group Italcementi, posted a combined turnover of 107.9 mln eur
Australian cement bid ends up in court
The Australian Competition and Consumer Commission is seeking an injunction in the Federal Court to prevent Boral from taking any steps to acquire or exercise substantial influence over Adelaide Brigh
Brazil Portobello sells to Lafarge
Brazil’s ceramic producer Portobello SA has sold its mortar producing subsidiary PortoKoll Ltda to Lafarge in a deal estimated at 28.1 mln Brazilian reais (US$8.97m) The purchase was made via La
ACCC moves to stop ABB
The Australian Competition and Consumer Commission (ACCC) has launched legal action to try to stop Boral’s takeover plans for cement maker Adelaide