Cement News tagged: Corporate
Cemex focuses on China and India
Barely two weeks have passed since Mexican cement company Cemex reported the it had just finalized the largest acquisition in its history which dates back to 1992, however, the firm’s expansion
Export synergies
The stock price of UltraTech CemCo, the de-merged company from L&T, has been on rise in the last few days on huge growth potential from export market and also its synergies with Grasim, which has cont
China Resources Cement raises stake in Guangxi
China Resources Cement Holdings Ltd said it will pay about 61.9m yuan (US$7.5m) for an effective 20.36 percent stake in its cement subsidiary in China’s southwestern province of Guangxi.
Holcim Espana appoints new directors
Spanish cement manufacturer Holcim Espana has appointed two new members to its board of directors, with the aim of strengthening the company’s management structure. The new members are: Claudio
Noteholders agree to Cemex debt buyback
Cemex said on Tuesday a majority of note holders agreed to its debt buyback offer for its 2009 notes and extended the consent date for its cash tender offer period on other debt due in 2006. Cemex la
Rohrdorfer Zement Buys Austrian producer
German cement producer Rohrdorfer Zement has bought the stake of Austrian Hatschek Group in local cement producer Gmundner Zement Produktions- und Handels GmbH for an undisclosed sum, it was reported
Egyptian National Cement
Egypt’s National Cement Company (NCC) reported a net profit of 27.51 mln Egyptian pounds ($4.4m) for the fiscal 2003/04, ended June 30, 2004, compared to a net loss of 91.35 mln pounds ($14.7m)
Buzzi Unicem modifies plans to buy Dyckerhoff stake
Buzzi Unicem SpA has abandoned plans to buy a 24.19 per cent stake in German cement group Dyckerhoff AG from Sanpaolo IMI SpA unit IMI Investments before January, when the bank has the right to sell t
ARM to Buy Firm in Zambia
Athi River Mining (ARM), has announced plans to buy a multi-million lime manufacturing business in Zambia. The firm has also announced an Sh860 million-expansion plan to boost its production capacity
PPC scores all-time peak
A slightly weaker rand and strong confidence in South Africa’s economy helped push stocks higher on Tuesday, with cement producer PPC surging to an all-time peak. Investors have voted with their
Kharkov Stroyinvest new concrete plant
Kharkov Stroyinvest JSC in the Ukraine started the preparations for a new concrete bnatching plant, equipment for which was supplied from Germany. A new plant is expected to produce ready-mixed
ACC now a Superbrand
ACC, India has earned the distinction of being the only cement Superbrand in the country. Superbrands announced its first list of top 100 brands in India and ACC is the only cement brand that figures
Wienerberger spends €151m
Wienerberger is moving into manufacturing in Great Britain through the acquisition of ten facing brick works from venture capitalists Cinven and Royal Bank of Scotland for €145m and is investing a fur
Cementos Molins reduces share capital
At the company’s annual general meeting, shareholders in Spanish cement producer Cementos Molins have agreed to reduce its share capital by 38.45 per cent, to 19.83 million shares. The share re
RATM-Holding acquires stake in Angarskcement
RATM-Holding has acquired a 45 per cent stake in Angarskcement. The new acquisition will allow the holding to boost overall cement output to 2Mt a year. In 2004 Istimtsement, part of RATM-Holding, tar
Siam Cement’s annual sales
Siam Cement expects to report increased profits in the third quarter. Although increased oil prices have meant higher expenses for cement production, demand has also increased. The prices of most of t