Cement News tagged: Corporate
ASEC Egypt gains major new local investor
The recent death of ASEC’s chairman Omar Guimei, a major shareholder in ASEC Cement has prompted a reshuffle of the company’s stock
Analysts rate Heidelberg Cement share as a ’sell’.
Analysts at Helaba Trust have given a ’sell’ rating to shares in HeidelbergCement, the German building materials group.
Rinker sells US concrete business
Shares in Australia’s Rinker Group Ltd dipped on Friday after the building materials group said it would incur a non-cash pretax
Humphreys maintains Cementos Bio Bio bond rating
Chilean ratings agency Humphreys has maintained its AA- rating on bonds issued by local cement maker Cementos Bío Bío,
Mediobanca Cuts Ciments Francais stake
Mediobanca SpA, the Italian investment bank, has cut its stake in French cement supplier Ciments Francais to below
Malaysia Lafarge Malayan to shed United Cement stake
Lafarge Malayan Cement Bhd said its Kedah Cement Holdings Bhd unit will sell a 49 per cent stake in United Cement Pte Ltd, a
Quinn Group maintains the pace
It has been a landmark year for the Quinn Group, the Cavan-based firm that continues to make its name in the most unlikely of
Cimpor may have to shed shares in South Africa’s NPC
Cimpor will have to take a partner in its South African unit Natal Portland Cement and may have to transfer as much as 26 per cent under new legislation, Jornal de Negocios reported, citing a Cimpor i
Construction boom spurs India’s cement industry
Propelled by a boom in construction sector, the Indian cement industry recorded a growth of over seven per cent even though a slump in prices was seen towards the end of 2004. Intense construction wo
Taiwan Cement higher on 2004 earnings forecast hike
Taiwan Cement Corp was higher following the company’s move to raise its earnings forecast, dealers said. Taiwan Cement was up TR$0.20 at 21.10 on volume of 1.62m shares. The
TPIPL earnings recovering, but slow debt refinancing
TPI Polene (TPIPL) is expected to report strong recovery in 4Q04 earnings, supported by improved product-to-feed margin for the petrochemical business, FX gains from the strong baht and no extra expen
Building materials sector to benefit from reconstruction
The deadly tsunami that struck Thailand’s southern provinces on Sunday will boost the cement, steel, construction material and shipping industries, while tourism will only be affected in the short ter
JP Morgan Fleming buys into Cementir
US financial adviser JP Morgan Fleming Asset Management has acquired 2.093 per cent in Italian cement company Cementir, it was reported on December 29, 2004. The news was
Colombian Colclinker buys stake in Tablemac
Colclinker has bought a 31.44 per cent stake in another Colombian company, the converted paper producer Tableros y Maderas de Caldas (Tablemac), Colclinker said on December 28,
Turkish Adana Cimento Jan-Sept 2004 sales rise
Turkish cement manufacturer and retailer Adana Cimento achieved gross sales of 139.1 trln Turkish lira ($103.2m) for the first nine months of 2004, against 112 trln lira ($83.1m) for the
Indonesia Shares End At Record High
Indonesian shares ended higher Tuesday, with buying in cement blue chips pushing the main index above the historical level of