Cement News tagged: Corporate
Pakistan stocks may tumble
The rally that made Pakistan’s stock market the best performer in Asia during the past five years was interrupted last quarter. Forecasts of slower profit growth and a cooling economy suggest fu
Holcim may raise GACL stake
Holcim, which has made an open offer for an additional 20% of the equity of Gujarat Ambuja Cements Ltd (GACL) after picking up 14.8% of the promoters’ stake, is likely to explore options - among
Cemex’s debt improves
The credit ratings of Mexican cement giant Cemex SA (CX) were lifted further into investment-grade territory Thursday
Government to buy-back Gresik
Indonesian government will use the preemptive rights to buyback 25.53 per cent shares of PT Semen Gresik, Cemex Asia Holdings plan to sell. The Minister of SOE Sugiharto said the government, controll
Ciments Francais increases stake in Bursa Cimento
Bursa Cimento, a Turkish cement company, said that Ciments Francais purchased a total of 317,053 units of company shares at the price of TRY 22.66 per share between Mar 31 and Apr 3. Following the tra
Dubai firms announce $19bn Morocco projects
Dubai-based developers, Emaar Properties and Dubai International Properties DIP), yesterday announced projects worth US$18.9 billion in Morocco, part of a commitment exceeding US$20 billion (Dh73 bill
Holcim open offer for GACL starts today
Holcim’s offer to acquire an additional 20.3 per cent of Gujarat Ambuja Cement Ltd (GACL) at Rs 90.64 per share from the retail investors will open on Wednesday. Holcim, which controls 14.8 per
IFC and Anhui Conch
Washington DC-based International Finance Corp has agreed to pay a higher-than-anticipated price for a 3.7 per cent stake in China’s largest cement manufacturer, Anhui Conch Cement Ltd. An offic
Holcim New Zealand higher profit
Holcim New Zealand reported a three per cent net profit increase and increased cement sales last year, despite rising energy costs and disruptions to shipping caused by a lengthy closure of the Buller
New Lafarge offer still too low
A shareholder revolt against an attempted buyout of Lafarge North America Inc. (LAF) continues despite an enriched offer Lafarge SA made for the company on Tuesday. A pension fund that has been fight
Titan Cement buys ready-mix in Florida
Titan America LLC has bought two ready-mix concrete producers in Florida.
Capital Group slips under the wire
Holcim Ltd has reported that The Capital Group Inc, based in Los Angeles now holds a 9.99 per cent stake in its shares, from 10 per c
Anhui Conch increases share price, China
China’s Anhui Conch Cement Ltd said Tuesday two strategic investors will pay 3.7 per cent more per share for the minority stakes they had ag
Dalmacijacement net profit slumps
Croatian cement maker Dalmacijacement-RMC Group, now owned by Cemex, said on Monday its net profit fell last year to 47
Steppe Cement: profits rise, Kazakhstan
Steppe Cement Limited operating subsidiary, Central Asia Cement JSC, has reported a full year pretax profit of KZT2562.5m compared with a year-earlier profit of KZT1590.9m. Consolidated net profit a
CIMA suggests a smaller stake to Vicat
Cement Industries of Malaysia Bhd (CIMA) is keen to sell a share of its assets to French cement manufacturer VICAT SA but the stake may be smaller than the 51 per cent reported earlier, local news rep