Cement News tagged: Corporate
BK Birla to invest across group firms
Basant Kumar Birla has intended has made up his mind to invest Rs 1200 crore across several of his group companies, including Century Textiles & Industries. The 85-year-old
Gujarat Ambuja June shipments up on year
Gujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said on Monday its June shipments rose 10 per cent on year to 1.09Mt.
Aditya Birla June shipments rise
Aditya Birla group, India’s top cement producer, said on Monday June cement shipments rose 9.8 percent from a year ago to 2.26Mt. The Birla group, comprising flagship Grasim
CSFB raises stake in Cimpor again
Cimentos de Portugal (Cimpor) said that Credit Suisse First Boston has raised its stake in the company to 10.53 per cent after acquiring an additional 14.53 million shares, equivalent
Cementir acquires New Jersey-based Vianini Pipe
Cementir SpA said its Danish unit Unicon Sa is acquiring New Jersey, US-based Vianini Pipe Inc for Euro 12m from Vianini Industria SpA. In 2004, cement manufacturer Vianini Pipe had
Cementos Molins invests Euro 90m in 2004
Spanish cement company Cementos Molins invested Euro 90m in 2004, the CEO of the company, Joan Molins, told a news conference on June 30, 2005. Of this, Euro 31m was spent on a new kiln in Mexico, wh
Merckle now owns 31.45 per cent In HeidelbergCement
HeidelbergCement AG shareholder Adolf Merckle, who is making a takeover offer to other shareholders, already owns a 31.45 per cent stake, according to the detailed conditions of the offering published
Cementos Panama invests US$20m
Panamanian cement company Cementos Panamáas has invested US$20m in the last five years to improve customer service and production, newspaper Panamáméica reported.
Ciments du Maroc to invest Euro 140m
Moroccan cement company Ciments du Maroc, owned by Italian sector group Italcementi, plans to invest Euro 140m over the following five years, it was reported on June 28, 2005. Ciments du Maroc, which
AXA reduces HeidelbergCement stake
AXA, the French insurer, was reported to have reduced its share of the voting rights in HeidelbergCement,
Semen Gresik names Dwi Soetjipto President Director
PT Semen Gresik, Indonesia’s biggest cement maker, yesterday named Dwi Soetjipto president director.
Lafarge to invest more in gypsum division
Lafarge said on Monday it would increase its gypsum production by 20 per cent, through an investment of 300 million euros ($362.5m). The world’s biggest cement maker said the expansion would ta
Cemex to split shares on July 1
Cemex said on Friday it will carry out a planned share split to boost liquidity on July 1. Cemex shareholders approved the two-for-one share split at a meeting in April. Under the move, stockholder
Madras Cements’ net up 67%
Despite a 20 per cent increase in power and fuel cost and only a marginal increase in realisation per tonne of cement, Madras Cements Ltd has posted a 67 per cent increase in net profit and a 6.5 per
UAE Union Cement Secures loan
UAE Ras al-Khaimah cement manufacturer Union Cement has secured a $100m loan to be extended by Jordan-based Arab Bank and a number of regional banks, it was reported on June 27, 2005. The loan is to
Hanson expects first half profit advance
Hanson Plc in a trading statement said the company expects to deliver a strong performance for the first half of 2005, continuing progress made in the second half of last year. Operating profit inclu