Cement News tagged: Corporate
Anhui Conch profit increase
Anhui Conch Cement Co., China’s dominant cement producer, reported a 29 per cent rise in its 2004 net profit, buoyed by strong demand. Anhui Conch posted net profit of 960.9 million yuan (US$116
Minetti takes Bolivian concrete company
Argentina: Juan Minetti, a subsidiary of Holcim, has taken control in the Bolivian based concrete company Corcecruz, pushing up its stake from 50 per cent to 100 per cent. The
Sebi yet to clear Holcim offer for Ambuja Eastern
The Securities and Exchange Board of India (Sebi) has not yet given its nod to Holcim’s open offer to the minority stakeholders of Ambuja Cement Eastern even as Holcim’s open offer for acquiring up to
Holcim offer for ACC may open on March 23
Holcim’s open offer for Associated Cement Companies will be rescheduled to commence mid-week next, most likely on March 23. The offer has received clearance from the
Dyckerhoff adjusted net profit up
German building materials manufacturer Dyckerhoff AG, controlled by Italian cement and concrete company Buzzi Unicem, reported a net profit of 41 mln euro ($54.8 mln) for 2004,
Lafarge Ciments Appoints HR Director
Lafarge Ciments, the cement division of French building materials group Lafarge, appointed Alain Guillen, 44, human resources (HR) director, it was reported on March 18, 2005. Prior
Tasek to set up plant in Vietnam
TASEK Corp Bhd will set up a joint venture with Saigon Cement Joint Stock Company in Vietnam to establish a cement manufacturing plant in Ho Chi Minh City, Vietnam. Tasek will
Italcementi revenue up
Revenues for Italian cement producer and distributor Italcementi SpA rose by 5.7 per cent year on-year to Euro 4.528bn in 2004. The company’s net financial debt dropped to Euro
Cimpor FY04 net profits unchanged
Cement company Cimentos de Portugal SA said Thursday that despite flat sales and higher costs it posted consolidated net profits of EUR189.5m in 2004, the same as its profits for
Sebi clears Holcim open offer
The Securities and Exchange Board of India today approved the Swiss giant Holcim’s open offer to bid for stake in Associated Cement Companies at the rate of Rs 370 per share.
Open offer for Everest on hold
As a direct fall out of rescheduling of the Holdcem Cement Pvt Ltd (HCPL) open offer to shareholders of ACC and Ambuja Cement Eastern Ltd (ACEL), the offer for Everest India Ltd (EIL) has been put on
Caltagirone net debt reduction
Italian holding group Caltagirone registered a net financial debt of Euro 169.5m at end-2004, it was reported on March 16, 2005. The group had a net financial position of Euro 183.6m at end-2003. The
Semapa net profit quadruples
Portuguese conglomerate Semapa SGPS which is a majority owner of Portuguese cement maker Secil, said net profit more than quadrupled to Euro 182.1m last year from Euro 40.1m
Taiwan’s Asia Cement to inject more capital
Asia Cement Corp said its board has approved the injection of US$33.16m into its China-based unit Jiangxi Yadong Cement Co. Ahead of the injection, the unit now has paid-in
Moldovan Ciment Rezina
Moldovan cement producer Ciment Rezina, majority-owned by French building materials group Lafarge, increased its net profit twice to 19 mln Moldovan lei (Euro 1.1m) in 2004
Ciments Francais says Egypt Cement offer oversubscribed
Ciments Francais, the French unit of Italy’s Italcementi SpA, said Tuesday its revised offer, launched in conjunction with a number of other international investors, to buy some 21 million