Cement News tagged: Corporate
Cement cartelisation probe to be widened
All cement makers in India are set to answer some uncomfortable questions in the next few days. The Monopolies & Restrictive Trade Practices (MRTP) Commission has asked its investigation arm to broade
Eagle Materials Inc. Raises Q1, FY 2007 EPS Guidance
Eagle Materials Inc. announced that it has increased its first quarter and fiscal year 2007 earnings per share (EPS) guidance. For the first quarter of 2007, it expects EPS of $1.10 to $1.20, compared
HeidelbergCement to buy out Teutonia
German cement company Teutonia Zementwerk AG said Monday its majority shareholder HeidelbergCement AG will make a cash offer to holders of preference shares ahead of a delisting from the Hanover stock
GCC looking for cash
On the back of a rather aggressive foray into the United States with four acquisitions in the past six months, Mexican company Grupo Cementos de Chihuahua (GCC) entered the private market last week vi
ACC sells shares to Ambuja Cement
The Associated Cement Companies(ACC) has sold 38,75,627 shares aggregating to 2.07 per cent of the total share capital of the company between May 31, 2006 and June 14, 2006, to Ambuja Cement India. Th
UltraTech Cement net zooms
UltraTech Cement has disclosed a phenomenal jump in net profits for the quarter ending in March 2006. During the quarter, the company witnessed a 1549.80 per cent rise in profits from Rs49.40m to Rs.
China National Building to acquire cement business?
China National Building Material Co Ltd (CNBM) said it is in talks with certain independent third parties regarding the possible acquisition of a cement business operating in China. The company said i
Lafarge could sell some German activities
Lafarge is expected to sell its business with roof-tiles, which would mean the withdrawal of the group from large parts of its German operations. The company says that it is still at an early stage in
Cementos Molins may seek more acquisitions
Smarting from its failure earlier this month to acquire fellow Spanish cement producer Uniland, Spanish cement group Cementos Molins is looking to other opportunities for growth via acquisitions. Ceme
CRH boss’s EUR6.5m pay package
CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, who is try
Cementos Lemona files delisting application
Cementos Lemona SA has applied for delisting from the Madrid and Bilbao stock exchanges, the Spanish stock market regulator CNMV informed on June 22, 2006. The move was approved by the general shareh
Toros Cimento plans investment in cement plant
Konya Cimento announced that its affiliate Toros Cimento will establish a new cement plant with an annual capacity of 1.5Mt in Karaman with US$120m investment. Toros will start the investment project
Lafarge ups mid-term targets, mulls roof unit sale
Lafarge raised its mid-term targets on Thursday and said it was considering selling its underperforming roofing business as it seeks to boost profits.
Cement Hranice ups 2005 profit by 32 per cent Hranice
Czech cement maker Cement Hranice raised audited net profit by 31.7 per cent YoY to Kc659.3m in 2005, says its annual report, obtained by CTK. Board chairman Jaromir Chmela said in the report the grow
Fortune Cement approves cash dividend
The board of Fortune Cement Corp has approved a regular cash dividend of PHP0.15 a share to shareholders of record at July 5. The dividend is payable July 31 and will come from the retained earnings o
Carpatcement Holding registers higher profits
Carpatcement Holding SA registered approximately Euro 31m in net profit, and Euro 159m in turnover in 2005, Bursa daily informs on Tuesday. For the current year, the company’s officials estimat