Cement News tagged: Corporate
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
Esther Koplowitz in negotiations
Madrid: Esther Koplowitz could be close to signing a deal with Veolia, according to the newspaper Expansion. According to this source, some financial investors, (Ibersuizas, a UK and a French group) c
L&T to integrate divisions
Toubro will be integrating its engineering construction and contracts (ECC) division and its engineering and construction (E &C) business as part of a grand five-year strategy to more than double its
Turkish Sabanci turnover up
Sabanci Holding registered a 46 per cent year-on-year rise in its consolidated turnover to US$1.934bn (1.583bn euro) for the first three months of 2004, according to Sabanci Holding CEO, Celal Metin.
Cemex shareholders opt to capitalise
Cemex said on Thursday more than 96 per cent of shareholders opted to take dividend payments in new shares in a capitalization of the world’s No 3 cement maker. Cemex often gives shareholders t
Guj Ambuja gets nod for ACRL merger
Gujarat Ambuja Cements announced that it has received the approval from the Board for Industrial and Financial Reconstruction (BIFR) for merging Ambuja Cement Rajasthan Ltd (ACRL) with itself. Gujarat
Egyptian Misr Cement Qena Reports US$2.6 M net profit Q1 2004
Egyptian cement producer Misr Cement Qena posted a net profit of 15.92m Egyptian pounds (US$2.6m/2.1m euro) for the first quarter of 2004, against a net loss of 5.79m pounds (US$937,000/769,000 euro)
Jurong Cement share premium overstated
An incorrect accounting treatment made in the 1997/1998 accounts has resulted in an overstatement of Sin$13.35 million in Jurong Cement’s share premium in associated companies. Calling it &rsquo
Arabian Cement Co sells shares
Saudi cement producer Arabian Cement Company (ACC) has sold parts of its stakes in several local joint-stock companies, which has resulted in a profit of 72,149,160 Saudi riyals ($19.2m), it was repor
Lafarge expects annual turnover increase
Lafarge expects to generate an annual turnover increase between 8.0 pct and 10 pct in middle term, the company’s managing director Bernard Kasriel said at the general shareholders’ meetin
BHA bought by GE
General Electric Co’s GE Energy division agreed to acquire BHA Group Holdings Inc., a provider of air-quality control products, for about $260 million. The $38-a-share acquisition is designed to
RMC share disposal
RMC has announced that on 31 May 2004 it completed the sale of 28.9m shares in Adelaide Brighton Limited ("ABL"), representing 5.3% of the issued share capital of ABL, for which it will receive a cash
Alfa Cement to pay no dividend
Moscow: Alfa Cement AGM decided May 27 not to pay 2003 dividend, allocating 29.961 mln rbl as the previous years profit to cover 89.8% of 2003 loss, the company said. KPMG was approved as an auditor.
UAE prices boost shares
Abu Dhabi: A surge in cement prices in the UAE sharply boosted the shares of cement firms and allied companies with increases in other share prices to lift the market to a record level. Turnover in Ma