Cement News tagged: Corporate
German Allianz Decreases Stake in HeidelbergCement
German insurer Allianz AG has decreased its stake in building materials group HeidelbergCement AG stepwise to 4.6 per cent in a move to optimise its portfolio, Allianz said on December 23, 2004. The
Lafarge Arcom Gips To Absorb Lafarge Ipsos
Romanian plasterboard producer Lafarge Arcom Gips shareholders approved the merger by absorption of Lafarge Ipsos on December 21, 2004. Company shareholders voted for a 59.1 bln Romanian lei (US$2.0
Umm Al-Qaiwain Cement Industries
UAE cement manufacturer Umm al-Qaiwain Cement Industries Company is expected to report record-high earnings per share (EPS) of 40 Kuwaiti fils (US$0.136) for 2004, it was reported
TPI Polene expects 2004 revenues to rise
TPI Polene PCL said it anticipates 2004 revenues rising by 15.8% as a result of higher sales of cement and plastic pellets. Senior VP Prasert Ittimakin told reporters the company also
Cemex announces Expiration of its appreciation warrants and ADWs
Cemex today announced that its appreciation warrants and American Depositary Warrants (ADWs), each representing five appreciation warrants, expired today in accordance with their terms.
Lafarge supports Paris’ Olympic bid
Lafarge has added its name to the list of companies supporting the city of Paris’ bid to host the 2012 summer Olympic games.
Ashaka Cement Honours 153 Staff
No fewer than 153 staff of Ashaka Cement Plc yesterday received the year 2004 long-service award from the company. Thirty two of the workers got award for serving the company for 20 years while 121 r
Mexico’s Cemex sells options, issues more
Cemex exercised about 136 million stock options on Monday, as part of its executive compensation program. Cemex, the world’s third largest cement producer, exercised the options as part of a
Greek Interbeton Buys out Livanis-Korbeton
Greek concrete building products manufacturer Interbeton Building Materials, a subsidiary of Titan Cement group, bought out local concrete maker and trader Livanis-Korbeton in October 2004, Titan Ceme
PPC chief executive’s pay reduced
Pretoria Portland Cement (PPC) had reduced the pay of its chief executive, John Gomersall, by 12 per cent in the year to September, even as profit at Africa’s biggest cement maker
Union Cement shares
The Securities and Exchange Commission’s Office of the Government Counsel is reviewing whether Cemco Holdings should be required to buy out minority shareholders of publicly Union Cement Corp, a
Dniprotsement appoints Panchenko board chairman to replace Tsymerynov, Ukraine
During the December 16 meeting, shareholders of the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) dismissed board chairman Oleh Tsymerynov and appointed Andrii Panchenko as his repla
TXI Announces Decision To Spin-Off Steel Business
Texas Industries Inc (TXI) will spin off its steel business from the cement, aggregate and concrete segment to allow the two units to pursue separate growth strategies. The spinoff is expected to be i
Cement Akmene sales investments
Akmenes Cementas, the only producer of cement in Lithuania, plans to invest 14.3 million litas (4.1 million euros) in 2005, twice the amount it invested this year. Arturas Zaremba, the CEO of the manu
Qatar National Cement Co To Sign $120m loan
The Qatar National Cement Company (QNCC) will sign on December 19, 2004 a $120m syndicated loan agreement, it was reported on December 15, 2004. QNCC mandated a number of banks to arrange the loan in
Siam Cement units receive Deming awards
Three Siam Cement Group subsidiaries have won Deming awards from the Japanese Union of Scientists and Engineers for excellence in Total Quality Management (TQM), according to Kan Trakulhoon, an SCC vi