Cement News tagged: Corporate
Aggregate chief Tom steps down
Peter Tom is to step down as chief executive of quarry giant Aggregate Industries and become the group’s part-time chairman. Mr Tom, 65, will be replaced by Bill Bolsover, currently the Bardon-b
Hanson expects 12% profit growth in 2005
Hanson is expecting trading profit to increase by around 12 per cent in 2005 in spite of higher energy costs, with the main improvements coming from the United States and Australia. In North America,
Capital Expenditure of Semen Gresik rising
PT Semen Gresik (SG) set the budget of capital expenditure as much as IDR700 billion next year, some of which was to develop new facility. The management of the company planned to conclude the feasib
New management at UEM
In a strategic move to expand and grow its foray of businesses internationally UEM Group had announced the appointments of two senior directors to spearhead its International Business Division. In a
Cementos Portland debt increases
The regulator for the Spanish stock exchange, the CNMV, has revealed that as a result of the takeover bid launched by Spanish cement group Cementos Portland Valderrivas on December 2 for cement manufa
Vietnam Encourages State firms to issue bonds
Vietnam’s Ministry of Finance, or MOF, is encouraging Vietnamese companies to issue international bonds to raise funds for their domestic investment projects, senior ministry officials said Mond
Cemex ADRs down marginally
ADRs in Mexican cement giant Cemex SA down 0.6 per cent at $60.11. Earlier, the firm said it expects to meet its profit targets for 2005 after nearly doubling sales through a major acquisition and tha
Cemex forecasts an EBITDA of some US$3,600m for 2005
In announcing its expectations for the final quarter of 2005, Cemex is indicating a turnover for the full year of in excess of US$15,200m. This includes RMC Group for 10 months and represents an incr
GP Goenka woos investors for Andhra Cements
Amid abundant speculation that Andhra Cements Ltd has been put on the block, the G P Goenka controlled company is negotiating with at least two strategic investors to raise Rs 70-75 crore to revive fo
Tonghua Special Cement to list in Singapore next year
Tonghua Special Cement Co Ltd, which is based in Jilin province of China, has announced that it plans list on the Stock Exchange of Singapore (SES) early next year, according to China’s Ministry of Co
Tata Steel to acquire 40 per cent stake in Thai Millenium Steel
Tata Steel said it has signed an agreement with Thailand’s Cementhai Holding Company, a Siam Cement Group company, for acquiring its 40 per cent stake in Millennium Steel.
Semen Padang reports higher net profits
PT Semen Padang, a unit of PT Semen Gresik, Indonesia, set the target of net profit of IDR212bn, representing an increase of 56.15 per cent from the net profit target of this year as much as IDR135.91
Cementos Portland stands firm on Lemona offer
Cementos Portland Valderrivas, the cement division of Spanish construction and services group FCC, has declared that it will stand firm on its takeover offer price for peer Cementos
Positive outlook on Fujairah
Fujairah Cement Industries (FCI) is one of the seven listed cement companies operating in UAE. It has its plant in Fujairah, UAE, with clinker capacity of 1.6Mt and cement capacity of 1.75Mt. The comp
ACC buys Tarmac India
Associated Cement Companies Ltd. (ACC) said on Wednesday it had acquired 98.84 percent of Tarmac India Pvt Ltd. for 124 million rupees ($2.7m). Tarmac India is a subsidiary
Lafarge Malayan: share buy-back
Lafarge Malayan Cement Bhd reports it has bought back 1.2m shares at prices ranging from M$0.60 to 0.62 a share, for a total of M$741,085.27 (approx US$0.2M) on December 13. In