Cement News tagged: Corporate
Chile stocks up on construction gains
Chile stocks rose on Wednesday partly on market enthusiasm of a construction boom driven by strong internal demand. Construction company Volcan climbed 10.34 per cent to 1,600
Torah Cement releases 9M results
Torah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 million realized in 9M FY03.
Lafarge withdraws from Cemento Avellaneda
Lafarge has withdrawn from Cemento Avellaneda, the Argentinean cement company. According to market sources, Lafarge has just sold its 43 per cent stake in Molins, the Spanish company through which it
Titan unit seeks more of Egypt firm
An Egyptian company controlled by Lafarge (and Greece’s Titan has offered to buy an 11.55 per cent stake in Egypt’s Alexandria Portland Cement , the bourse said on Wednesday. A statement
Florida Rock Industries: 1Q results
Florida Rock Industries, Inc today announced net income of $30,087,000 or $0.68 per diluted share for the first quarter of fiscal year 2005 versus $32,128,000 or $0.73 per diluted share for the first
HeidelbergCement to take on Indocement commitments
HeidelbergCement AG said it will take over a credit obligation of more than US$150m for its Indonesian subsidiary Indocement Tunggal Prakarsa . A spokeswoman for
Camargo Correa Cimentos issues $112m in debentures
Brazilian cement maker Camargo Correa Cimentos has launched a debenture issue worth 300 mln Brazilian reais ($112m) in the domestic market, an operation aimed at funding the company’s expansion
Holcim says treasury share sale concluded
Holcim has sold treasury shares amounting to about 430 million Swiss francs ($364m), the Swiss cement maker said on Tuesday, as it is bidding for Britain’s Aggregate Industries and
Adani group to acquire Everest
Swiss Cement giant Holcim has found a buyer for the Associated Cement Companies’ (ACC’s) 76.1 per cent stake in Everest Industries Limited. The Rs 7,000 crore Adani group has signed an agr
Immobiliare Caltagirone lowers stake
Italian real estate company Immobiliare Caltagirone S.p.A. reduced its stake in Italian cement company Cementir-Cementerie del Tirreno SpA, a unit of local cement company Cementir, to below 2.0 per ce
Indocement seeks US$150m debt refinancing
PT Indocement Tunggal Prakarsa, the country’s second largest cement maker, and part of HeidelbergCement is seeking minority shareholders’ approval for proposed debt refinancing worth US$
Bernd Scheifele new HeidelbergCement chairman
The Supervisory Board of HeidelbergCement AG has appointed Dr. Bernd Scheifele the new Chairman of the Managing Board. Scheifele, currently Chairman of the company1s
Siam Cement net almost doubled In 2004
Siam Cement’s net profit likely almost doubled in 2004 from the year before, propelled by rising petrochemical prices, strong demand for cement and one-off gains from a major asset sale. Thailan
Indonesia plans to sign MoU with Cemex
Indonesia plans to sign Memorandum of Understanding with Cemex tomorrow to settle Semen Gresik dispute over a failed put option deal for the sale of a majority stake in state cement firm Semen Gresik
Locals cast doubt on Holcim Indian plans
Holcim may find it difficult to get a majority in ACC unless they hike their open offer by a substantial amount. All Indian cement companies are on a roll at present, ACC has for example boosted its n
Iskitimcement plans to raise retail sales of cement
Iskitimcement plans to raise retail sales of cement. On January 19, 2005 the company put into operation Mullers cement packing line of 300tpd capacity and seeks to double sales of cement in 10-50 kg b