Cement News tagged: Corporate
WEDCO to enter into new lease negotiations
The West End Development Corporation is to enter into new lease negotiations with the Bermuda Cement Company (BCC). WEDCO chairman David Burch made the announcement last night after staff at BCC - whi
Philippines Republic Cement issues notes
Republic Cement Corp said it has issued PHP1.35 billion worth of 10-year convertible loan notes to Lafarge Holdings (Philippines) Inc. The convertible notes, issued Wednesday, carry an interest rate o
Indocement eyes 10% sales increase in 2005, Indonesia
PT Indocement Tunggal Prakarsa Tbk set the target that the revenue of the company would increase by 10% next year, compared to the target of 8% increase this year.
China Res Cement to buy HK$152m JV stake, China
China Resources Cement Holdings Ltd has agreed to buy a 73.5 per cent stake in a cement production joint venture from its parent China Resources (Holdings) Ltd. for HK$151.7m (US$19.4m).
Misr Cement Quena completes sale of 465,630 shares
Misr Cement Quena completed the sale of 465,630 shares that were previously not fully subscribed to, representing 1.55% of the company’s total shares at an execution price of LE27.77/share
SEC approves Union Cement name change to Holcim Philippines
Philippines’ SEC approves Union Cement name change to Holcim Philippines MANILA Union Cement Corp said the Securities and Exchange Commission (SEC) has approved the amendment to its articles of
Suez Cement nine-month net profit, Egypt
Egypt’s Suez Cement reported a 94 per cent increase in nine-month 2004 net profit to E£182.59m. The company, 34 per cent owned by Ciments Francais, earned E£93.09m in the same period last year,
ZPA Picks Kenya’s Athi River Mining to Buy Ndola Lime
The Zambia Privatisation Agency (ZPA) has chosen Athi River Mining of Kenya as the preferred bidder for Ndola Lime Company. Other companies that tendered bids for Ndola Lime include the Chillerton Gr
Camargo Correa Cement to sell debentures
Brazil’s fifth biggest cement maker Camargo Correa Cimentos, a unit of local construction and engineering group Camargo Correa, is preparing the first debenture issue in its history. The compan
India limits foreign fund buying in ACC
The Reserve Bank of India said foreign institutional investors cannot make new purchases of Associated Cement Companies Ltd. (ACC) without its approval, as their holdings had reached the trigger limit
Eagle Materials to buy remaining share of Illinois Cement
Eagle Materials Inc. announced today that it has entered into an agreement to purchase the remaining 50% interest in Illinois Cement Company joint venture for a purchase price of $72m in cash. The Il
Indian promoters of Prism cements buy out foreign stakes
Indian promoters of Prism Cements have bought out the entire 8.38 per cent holding of foreign promoters F L Smidth & Co and IFU of Denmark in the company, taking their stake to over 61.7 per cent. Ma
Candidates Apply for Saudi Tabuk Cement Co Board Members
A total of 22 candidates have applied for board members of Saudi cement producer Tabuk Cement Company (TCC), it was reported on November 28, 2004. The company has called a general shareholders’
YTL improves in its first quarter results, Malaysia
YTL Corp Bhd made a net profit of RM161.3m(US$42.5m) on turnover of RM1.178bn (US$310m) in the first quarter ended Sept 30, on strong contribution from utilities and cement manufacturing.
Semapa Q3 net rises, Portugal
Industrial holding company Semapa said net profit surged five-fold to Euro 162.317m in the third quarter from Euro29.176m a year earlier, boosted by cash flow from the sales of stakes in cement makers
Turkish Akcansa Jan-Sept 2004 net profits
Turkish cement producer Akcansa Cimento reported a net profit of 54.3 trln lira (US$38.2m) for the first nine months of 2004, compared to 14.1 trn lira (US$9.9m) for the same period of 2003.