Cement News tagged: Corporate
US-Based Capital Group raises Holcim stake
Holcim said Monday that Los Angeles, CA-based Capital Group raised its stake in the cement producer to 10 per cent from 9.9 per cent. Capital Group is a mutual fund manager.
Chia Hsin Cement major unit’s June revenues
Chia Hsin Cement Greater China Holding Corp said its wholly-owned unit China Hsin Jingyang Cement Co recorded net operating revenue of 61.82 mln yuan for June. The
Texas Industries and Chaparral spin-off
Building materials producer Texas Industries Inc. said on Thursday that its board has approved the spinoff of its Chaparral Steel Co. unit in a tax-free stock dividend. Texas
Saudi investment fund supports cement projects
Saudi Industrial Development Fund (SIDF) continued its outstanding performance in fiscal 2004 with loan commitments totaling SR3.29 billion, an increase of 20 per cent over last year. Since its incept
China’s Anhui Conch Cement to refund dividend tax
Anhui Conch Cement Co Ltd said they will refund part of the company’s dividend tax to their shareholders. In a statement to the Shanghai Stock Exchange, Anhui Conch Cement said it will refund 0
Eurocement Group reports five month results
Some 7Mt of cement was produced in five months of 2005 by Eurocement Group, of which 874,000t were made in Ukraine by Baltsem and Kramatorsky Cement Plant Pushka. In fact,
CRH is pushing up Irish cement prices
CRH has spent EUR 168m on acquisitions during the first six months of 2005, seven deals in Europe and 17 in North America.
Taiheiyo 2004/05 shipments up 1.6% to 38.5Mt
Taiheiyo Cement Corporation saw turnover ease by 0.8% to Y72,686m (EUR 6417m) in the year to the 31st of March, with the EBITDA being off by 1.7% at Y88,524m (EUR 651m).
Heidelberg investors sell only 0.01% of shares to Spohn last week, Germany
HeidelbergCement AG shareholders holding only 11,611 shares, or 0.01% of voting rights, have accepted Spohn Cement GmbH’s takeover offer in the past week, according to an announcement Spohn plac
Holcim completes compulsory buyout
Holcim Participations (UK) Limited, a wholly owned subsidiary of Holcim Ltd, has now acquired 100 percent of the ordinary shares of Aggregate Industries plc pursuant to the
Atlas appoints CEO and managing director
Atlas Group Holdings Ltd, Australia, has appointed Dr Martin Foreman as chief executive officer and managing director, effective from July 18, 2005. Dr Foreman has previously held senior positions wi
Tabuk Cement half-year profit up 26 per cent
Saudi Arabia’s Tabuk Cement reported a 26 per cent rise in first-half profits to 74 million riyals (US$20m). Second-quarter profits were 40 million riyals, up 21 per cent from the same period la
Dutch ING sells stake in Cimpor
Dutch bank ING has sold the 3.08 per cent stake it owned in Portuguese cement company Cimpor, thus concluding its involvement in the company, it was reported on July, 1, 2005. BNP Paribas Securities
Taiwan Cement sells properties to focus on core business
Taiwan Cement Corp(TCC) will dispose of idle land lots and non-core business units across the board within the next five years, said the company’s chairman Chester Koo. The company noted it woul
Siam Cement reduces stake in Michelin Siam Group
The Siam Cement Group (SCC) has reached an agreement with the Michelin Group (of France) to reduce its stake in Michelin Siam Group from 40% to 10%, beginning Q4/05. This transaction is expected to re
Qatar National Cement approves dividend
The board of the directors of the Qatar National Cement Co (QNCC) approved a 38 mln Qatari rials ($10.4m) interim cash dividend for the first half of 2005, local media reported on