Cement News tagged: Corporate
Grasim joins the top 10
KumarMangalam Birla, the chairman of the Aditya Birla Group, could not have hoped for a better birthday gift. Shortly after his 47th birthday in mid-June, the stage has been set for the entry of Gras
Buzzi Unicem plans further share purchase
Buzzi Unicem, the Italian cement and concrete group, is reported to be planning to increase its stake in Dyckerhoff, the German building materials group. It will finance the purchase with part of the
Cementos Portland Valderrivas posts profit increase
Cementos Portland Valderrivas, part of Cementos Portland Valderrivas SA, generated net profits of just under Euro148.5m in 2003, a 30.5 per cent increase on the 2002 figure. Cementos Portland Valderr
Goltas Cimento buys RMC plant
Turkish cement producer Goltas Cimento has bought a ready-mixed concrete plant from Turkish cement manufacturer and retailer Adana Cimento and ready-mixed concrete company Oyak Beton for a total 1.05
Loan to ACC, Algeria
The European Investment Bank (EIB) has awarded a new loan, for US$12m, to ACC (Algerian Cement Company), to fund the extension of a cement works near M’Sila, 240 km south-west of the capital. Th
Record year for Trinidad Cement
2003 was a record year for Trinidad Cement Limited, (TCL), setting a new sales record for cement in all three territories in which it operates. The group sold some 1.697Mt of cement, an increase of 3
Semen Gresik’s predicament
The predicament of publicly-listed PT Semen Gresik, which is now in an arbitration process at the International Center for Settlement of Investment Disputes in Washington, took a sharp turn for the wo
Lafarge lengthens debt maturity
Lafarge, joined the list of companies taking advantage of historically low interest rates to lengthen the maturity on its debt on Tuesday, as the company offered to buy back up to Euro1bn of its debt
Juan Minetti pays creditors US$13m
Juan Minetti, Argentina’s second largest cement producer, and controlled by Holcim, has paid bank and financial creditors some US$13m as part of a debt restructuring, Minetti said in a filing to
Siam City Cement names top exec
Siam City Cement, has appointed Leo Mittelholzer as managing director, replacing Vincent Bichet, who has moved to head Holcim’s unit in France. Siam City Cement is scheduled to hold a press con
Rough road ahead for UK arm, RMC warns
RMC has warned that reduced spending on roads in Britain coupled with problems at one of its cement plants would slash first-half profits in its UK business by almost half. However, the group, which i
Gresik shares suspended, Indonesia
Shares in Indonesia’s largest cement company, Semen Gresik, were suspended yesterday after its auditors attached a disclaimer to its 2003 results, citing incomplete data from a rebel unit of the
Cemex seeks US$800m syndicated loan-LPC
Cemex is negotiating a US$800m three-year syndicated loan to refinance other debt, Loan Pricing Corp. said, citing unnamed market sources. According to LPC, a unit of global news and information com
Buzzi Unicem approves EUR206m capital hike
The board of directors of Italy’s Buzzi Unicem has approved a capital increase of EUR206m (US$250.4m).
L&T re-listed, closes day one at Rs 635: The stocks markets have valued the engineering and construction business
The stocks markets have valued the engineering and construction business of Larsen & Toubro (L&T) at Rs 635 a share
Grasim offer for CemCo oversubscribed
Fifteen months after it opened its ambitious gambit for L&T’s cement business, the Aditya Birla group is poised to finally take control of Ultra Tech CemCo Ltd, into which the 16.5Mt cement divi