Cement News tagged: Corporate
Lafarge launches $3bn cash buyout
Lafarge has launched a tender for the 46.8 per cent stake it does not already own in Lafarge North America Inc. as part of a $3bn offer that expires on March 20, the world’s biggest cement maker
HeidelbergCement 2005 sale
HeidelbergCement said it swung to a 2005 net profit of EUR415 million following a loss of EUR366 million the year before and will propose a dividend payment of EUR1.15 a share. Analysts had forecast 2
Saurashtra Cement approves convertible debt issue
Saurashtra Cement Ltd. said on Tuesday its board had approved an issue of convertible debentures worth 931.25 million rupees to Cayman Islands-based ADM Maculus Fund II LP. The cement manufacturer s
Holcim in South Africa
The high demand for cement during 2005 and the prospect of such demand being sustained in the future through major infrastructure projects like the Gautrain rapid rail link, and the 2010 soccer World
Semen Gresik January cement sales
ndonesia’s largest cement maker PT Semen Gresik sold 1.12Mt of cement in January, up 7 per cent from the same month a year ago, according to the Indonesian Cement Association. In a report, the
ACC appoints Shailesh Haribhakti and Anil Singhvi
Shailesh Haribhakti and Anil Singhvi have been appointed as directors of the Associated Cement Companies Limited (ACC). The decision of their appointment was taken unanimously by the company board of
Greece’s Titan Cement FY net likely to rise
Greeces Titan Cement is expected Feb 23, to announce a 14 per cent hike in 2005 full year group net profits of Euro 202m, analysts said. In a consensus poll taken by Euro2day.gr Newswire of five lea
European resistance may affect EU investments in India
India is crying foul on the politicisation of steel magnate LN Mittal’s bid for Arcelor. Industry bodies are arguing that it would set a wrong precedent and there might be repercussions with a s
JK Cement to tap market to fund expansion
JK Cement is entering the capital market to raise about Rs 300 crore to finance its expansion plan. The second largest domestic white cement manufacturer will invest Rs 220 crore to set up a 13.2mW pl
Cementir turnover soars as foreign expansion continues
Cementir has posted its results for 2005. The Italian cement group generated turnover of Euro 857m, an increase of 117 per cent on the previous year, and a gross operating margin of Euro 184m, up 92 p
Lafarge North America hires Merrill to advise on buyout
Lafarge North America Inc. on Tuesday said its board hired Merrill Lynch & Co. to help review the proposed tender offer from France’s Lafarge SA. On February 6, Lafarge S.A. said it planned to
Spanish Cementos Lemona profits up
Spanish Cementos Lemona posted a record high Euro 21m attributable profit for 2005, up 40 per cent year-on-year, the company informed the Spanish stock market regulator CNMV on February 13, 2006. The
Ashaka Cement looks firm
Although unaudited results for its third quarter ended September 30, 2005 is several months behind schedule, just as the full year’s, shares of Ashaka Cement, Nigeria has remained the highest-priced i
Shuangma’s equity transfer to Lafarge approved
Shenzhen-listed Sichuan Shuangma Cement Co announced on February 14 that the provincial government of Sichuan has approved the agreement on transferring an 89.72 percent equity in the Sichuan Shuangma
Cemex to start-up quarry in Los Angeles
Mexico’s Cemex said on Monday it would start operations soon at a quarry in Los Angeles County after a US appeals court moved to allow the project to proceed. The US 9th Circuit Court of Appeals
Taiheiyo Cement nine months down
Taiheiyo Cement Corp reported a net profit of JPY2.272 billion in the 9 months ending December 31, 2005, a 84.5 per cent decrease from the same period last year. It was on revenue up 4.6 per cent to J