Cement News tagged: Corporate
Holcim on growth track
In the first six months of 2006, Holcim produced further organic growth and improved its financial performance. Contributing factors include the generally favorable market environment, the enhanced sc
New assets help Anhui Conch net jump
Anhui Conch Cement, China’s biggest cement producer, said first-half net profit soared 457 per cent over the same period the previous year thanks to newly acquired assets which boosted its outpu
JK Cement, Dalmia talk venture?
After the recent consolidation, still more to come! This time, the middle-rung companies are now looking at setting up joint ventures.
Vinaconex Corp to sell shares
State-owned Vietnam Construction Import-Export Corp., or Vinaconex, will offer shares in the company worth VND650 billion ($40.6 million) via auctions next month, a Vinaconex official said Wednesday.
CRH to acquire Ashland Paving And Construction, Inc
CRH plc, the international building materials group, announces that its US subsidiary, Oldcastle Materials, Inc., has reached agreement to purchase Ashland Paving And Construction, Inc (APAC) for a to
Holcim H1 net profit seen up, price hikes help
Holcim , the world’s second biggest cement maker, is expected to report a 34 per cent rise in first-half net profits before minorities, boosted by price increases and recent acquisitions.
Investment funds eye Lafarge roof unit
At least a dozen investment funds and an industrial group are studying the potential acquisition of building materials group Lafarge’s roofing business, according to reports from La Tribune news
Heidelberg revises Mysore terms
HeidelbergCement subsidiary Cementrum I bv has decided to waive off the conditions for accepting minimum number of shares under the open offer made by it to the shareholders of SK Birla group company
Bamburi Defends its presence in EAPC
Kenyan Bamburi Cement has defended its controversial shareholding in its main rival East African Portland Cement (EAPC). Mr Michel Pucheros, the managing director of Bamburi Cement, said Larfarge - t
EU Approves Figdor purchase
The European Commission Friday cleared German cement makers Mibau Holding GmbH, controlled by HeidelbergCement and Foster Yeoman Baumineralien GmbH, to buy German building materials company Figdor Bau
Nigerian cement project woos investors
Nigeria’s Adamawa State government has begun fresh discussion with German and Indian investors to explore the possibilities of a joint venture in the establishment of cement manufacturing company in t
Govt to offload shares in cement industry, Kenya
The government will soon offload more of its shareholding in the cement industry to the public through the Nairobi stock exchange, in a bid to certify the requirements of the Capital Markets Authority
SCC unit shifts its focus
SCT Co, the international trading arm of Siam Cement Group, is focusing on its new recycling and alternative energy businesses in order to raise margins,
Truce in Lebanon boost UAE shares
Shares in UAE cement companies reacted strongly to the Lebanese ceasefire this week as prospects increase of infrastructure and property reconstruction in the war-torn country
Antitrust board fines Akcansa
Akcansa, a major Turkish cement manufacturer, said that it received the antitrust board’s ruling that the company should pay
TPIPL places new shares
TPI Polene Plc has successfully sold capital-raising shares to existing shareholders, according to Prachai Leophairatana, the company’s chief executive.