Cement News tagged: Corporate
Bio Bio sells assets worth $73.95m
Chilean cement producer Cementos Bio Bio (CBB), controlled by industrial group Briones, announced on July 3, 2006, that it had sold the assets of some of its subsidiaries for a total of $73.95m.
Readymix sells East Wall site
Irish Readymix has sold its site on East Wall Road to the Dublin Docklands Development Authority (DDDA) for €23 million in cash, €7 million more than the guide price. Readymix had said it expected to
FFE Minerals acquisition
FFE Minerals has acquired US-based Excel Foundry and Machine, Inc., which is a leading provider of quality spare parts and services to the mining and aggregate industries. At the same time, FFE Minera
Dontsement ends with improved 2005
Cement producer Dontsement company (Amrosiivka; Donetsk region) ended 2005 with a net profit of UAH 15.14 million.
TPI Polene preparing to raise B16bn
TPI Polene Plc is preparing to raise up to THB16bn through a private placement and an offer of new shares to its existing shareholders in order to pay down its debts.
BASF completes acquisition of Degussa’s construction chemicals business
The acquisition of Degussa AG’s construction chemicals business by BASF Aktiengesellschaft was completed on July 1. The purchase price for equity is just under €2.2 billion. As a result, the transacti
SG Eyes IDR8 trillion revenue
Amid the slower cement market on the first half of the year, PT Semen Gresik Tbk (SG) set the sales growth target of 6.24% to IDR8 trillion from IDR7.53 trillion last year.
South Korea begins selling stake in Ssangyong Cement
Creditors of South Korea’s Ssangyong Cement have started the sale process of a 46 percent stake in the cement maker, officials at its creditors said.
Cementos Molins net profit increase, Spain
Spain’s Cementos Molins plans to increase to EUR100m its net profit in 2006, compared to EUR84.1m registered in 2005.
Kesoram increases borrowing limit to meet expansion plans, India
To meet the expenses of its future expansion plans, Kesoram Industries Ltd on Thursday increased its borrowing limit to Rs 2,000 crore from Rs 1,000 crore.
FCC ups 2006 forecasts, sees European buys
Spanish construction and services group FCC wants to accelerate its growth through acquisitions and is looking at various opportunities in Europe where it could replicate its business model.
Merger at FLSmidth
The respective Boards of Directors of FLSmidth & Co. and Potagua FLS decided to carry out a taxable merger of the two companies with FLSmidth & Co. being the continuing company and Potagua FLS the dis
Buyout will help CNBM boost output
Hong Kong-listed China National Building Material announced Wednesday it will pay 961.1 million yuan (US$120m) to fully acquire Xuzhou Conch Cement, in a move designed to boost its production capacity
Lucky Cement clinches three gold medals
Lucky Cement clinched three gold medals in Sarhad Chamber of Commerce & Industry (SCCI) ’Businessman of the Year’ Gold Medal Awards for 2004-05 in categories of ’top investor’
US Concrete to buy Alberta Investments affiliate
US Concrete Inc on Wednesday said it agreed to acquire all outstanding capital stock of Alberta Investments Inc. and its affiliate Alliance Haulers Inc. for US$165m.
Siam City Cement in share buy-back
Siam City Cement, Thailand’s second largest cement maker by capacity, said Thursday it will buy back up to 7.5 million shares, or three per cent of its total issued shares, for as much as THB1.8