Cement News tagged: Corporate
Cemex signs sale agreement with Votorantim, USA
Cemex has signed a US$389m agreement with Brazil’s Votorantim Participacoes to sell assets in the USA, Cemex said in a statement.
Guj Ambuja hungry for more, looks for big buys
Despite teaming up with the world’s second largest cement producer, Holcim, Gujarat Ambuja Cements (GACL) is in no mood to slow down its expansion plans.
Lafarge North America 4Q rise
Construction materials supplier Lafarge North America Inc (LAF) posted higher fourth-quarter earnings, buoyed by strong volumes and solid pricing gains in its cement, aggregates and gypsum product lin
Holcim not to increase open offer price for ACC , India
Holcim is not considering an increase in its open offer price for Associated Cement Companies, said a senior official with DSP Merrill Lynch, which is the advisor to the multinational for its acquisit
Positive free cash flow at two cement firms to drop 50% in FY04, Taiwan
Two major cement companies expect to see their positive free cash flow fall by half on a consolidated basis in the year through March 2005.
Good times ahead for India Cements
The stage is set for India Cements to turn the corner this year. The performance of this South India-based leading cement maker was dragged down by huge debts that it had run
Oman Cement Co posts US$25.1m nine month net profit
The Oman Cement Company (OCC) posted a net profit of OMR9.67m (US$25.1m) for the first nine months of 2004, up from OMR6.25m (US$16.2m) in the corresponding period of 2003.
Holcim may have to make open offer for Everest
Holcim’s agreement with Adani over ACC’s 76.01 per cent stake in materials firm Everest Industries is raising regulatory eyebrows and investor concerns, with analysts dubbing it as a curio
Holcim plans to invest additional funds in India
Holcim plans to invest additional US$1bn in India over 5-7 years Business Standard reported, quoting a senior executive of Gujarat Ambuja Cement Ltd. This investment is in addition to Holcim’s i
Dalmacijacement 2004 Net Profit Falls
Croatian cement maker Dalmacijacement, a subsidiary of UK construction materials company RMC Group, said on Thursday its net profit for 2004 fell 29 per cent on the year to 150.7 million kuna (US$25.9
St. Lawrence Cement 4Q decline
St. Lawrence Cement Group Inc reported a 9.2 per cent decline in fourth-quarter earnings, due to a lower-than-expected contribution from construction materials as a result of poor weather in December.
Readymix rises fast
Reports that Readymix, the quoted Irish concrete products group, may be about to become the centre of corporate activity intensified yesterday when the share price pushed ahead by another five per cen
EAPC gives results details
East African Portland Cement yesterday announced a return to profit in its half-year results. Established back in 1933, the company produces 600,000t of cement annually, selling under Blue Triangle Ce
Shiva Cement January 2005 despatches up
Shiva Cement Ltd., has informed the Mumbai Stock Exchange that the despatch of cement & clinker in the month of Jan 2005 has increase by 21 per cent in comparison to Jan 2004
ACC releases production, despatches figures for Jan 2005
Associated Cement Companies Ltd, has announced that in January 2005 cement production was 1.494Mt. Cement despatches at 1.505Mt. In January 2004 cement
Cauê begins US$138mn debentures issue
Camargo Corrêa Cimentos (Cauê), the cement unit of Brazilian construction firm Camargo Corrêa, began a 360m-real (US$138m) debentures issue Tuesday, Cauê said in a filing to the country’s securi