Cement News tagged: Corporate
Cemex given extension for divesture of US assets
According to the US Department of Justice’s web-site, Cemex has being given a 21-day extension for it to divest of its 39 rmc, concrete block and aggregates facilities in Florida and Arizona,
Lafarge Cement Russia net profits up 93%
In 3Q2007, net income of Moscow-based Lafarge Cement rose by RUR304,598,000, or 93%, compared with the second quarter of 2007.
Cemex Irish Readymix makes €11.5m acquisition
Irish Cement manufacturer Readymix has paid €11.5m in cash to acquire Tipperary-based firm Denis Tarrant & Sons. An aggregate and ready-mixed concrete producer, Denis Tarrant reported turnover last ye
SCG changes focus in Philippines
Siam Cement Group (SCG), one of the largest conglomerates in the region, is freezing investment plans for new projects in the Philippines, saying it will focus more on mergers and acquisitions. The Da
Hoang Mai Cement to issue shares
The Hanoi Securities Trading Centre on November 30 will auction nearly 17.8 million shares in Hoang Mai cement company
JK Lakshmi comes out of debt restructurin
India’s JK Lakshmi Cement Ltd, belonging to JK Group, today said the company has come out of the Corporate Debt Restructuring (CDR).
Higher profits for YTL Cement, Malaysia
YTL Cement Bhd registered a higher pre-tax profit of RM76.443 million for its first quarter ended Sept 30, 2007 from RM52.696 million in the
Steppe Cement non-exec chairman sells 440,000 shares in co
Steppe Cement Ltd said non-executive chairman John Richardson sold 440,000 shares
India’s ACC says sells $52 mln surplus asset
Indian cement maker ACC Ltd said on Wednesday it had sold surplus assets, including land in the northern Haryana state, for INR2.05bn (US$52m).
India Cements to raise $150m to part fund capex
The board of India cements on Monday decided to raise a maximum of $150m including premium by way of issue of equity/ equity-linked securities in the Indian/international markets.
Monarch Cement Co - Nine Year High in EBITDA for Monarch Cement
EBITDA for The Monarch Cement Company for its quarter ended September 30, 2007 was $11,000,675,
Egyptian Ameriya Cement net profit up to US$43.9m
Egyptian company Ameriya Cement booked a consolidated net profit of E£242.4m (US$43.9m) in the first nine months of 2007, against E£238.7m
Egypt’s South Valley plans capital increase
Egypt’s South Valley Cement said on Sunday its board had approved a plan to increase its capital to E£2.2bn (US$398.6 m) from E£1.48bn to finance expansion.
HeidelbergCement: Still mulling hybrid, but equity cheaper
HeidelbergCement AG (HEI.XE) is still considering selling a hybrid bond to help fund its acquisition of U.K.-based Hanson,
Vulcan Materials buys Florida Rock
Vulcan Materials Co has closed its acquisition of Florida Rock Industries, Inc, for total consideration to Florida Rock shareholders of approximately $4.2bn based on the closing price of Vulcan stock
Saint-Gobain never approached Lafarge
French building materials group Saint-Gobain said on Friday it had never approached cement giant Lafarge about a possible merger and reaffirmed its commitment to sell its packaging unit in 2008.