Cement News tagged: Corporate
TPI Polene Plc plans to issue bonds
TPI Polene Public Company Limited. (TPIPL), Thailand’s third largest cement maker, plans to issue baht-denominated bonds worth about US$650m to refinance debt.
Holcim Romania sees 2006 sales rising
The Romanian unit of Swiss cement producer Holcim Ltd. expects its 2006 sales to rise in line with the overall domestic market growth projected at eight to 12 percent, a senior company said. "We want
Cemex looks towards Q2 operating income boost
Cemex expects to report a second quarter operating income of US$840m, a 12 per cent increase over the same quarter in 2005, according to a company press release. "We are increasingly confident that w
CRH eyes €2bn deal for US company
CRH is in talks to buy the Ashland Paving and Construction (APAC) company in a deal that could cost up to €2 billion. The building materials group said its US-based subsidiary, Oldcastle Materials, ha
ICICI in equity pact with Andhra Cement
THE GP Goenka Group-promoted Andhra Cements (ACL) on Monday said ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the company. ICICI Bank has picked up six per cent in Andhra Cement fo
Lafarge raises purchase price
Sichuan Shuangma Cement Co Ltd said the Chinese unit of Lafarge SA has agreed to increase its offer to acquire 100 per cent of its parent, Shuangma Investment Group, to Yuan 339m from Yuan 304.84m (US
China Resources last trading set July 13
China Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the main board following
Thailand’s cement sector
Domestic cement sales volume has dropped gradually since 1Q05 while YoY growth rate encroached on negative territory in 4Q05. With the gloomy economic outlook, any improvement in YoY growth is not for
Arabian Cement to pay cash dividend
Saudi cement producer, Arabian Cement Company (ACC) will pay a 12 per cent cash dividend for the first half of 2006, the company said on June 15, 2006. The total dividend to be distributed among shar
Baltsem increases cement production
In May 2006, the Baltsem plant (Balakliya, Kharkiv region), majority-owned by the Russian Eurocement Group, increased cement production by 69.6 per cent or 113,000t, compared to May 2005, to 275,400t.
Siam Cement shifts focus to consumer
Siam Cement Group (SCG) has signalled a departure from its previous marketing campaigns, opting for a new 100 million baht (US$2.6m) promotion targeting the end-consumer.
Shree Cement wins award
Rajasthan-based company, Shree Cement Ltd, is among this year’s recipients of the Golden Peacock Environment Management Award (GPEMA) 2006. The awards, instituted by the World Environment
CR minorities take short-term view
Minority shareholders in China Resources Cement, whose profit slumped 85 percent last year, have voted overwhelmingly to accept a HK$428 million privatisation offer by the Hong Kong-listed company&rsq
China Resources Cement shares suspended
Trading in shares of China Resources Cement Holdings Ltd. was suspended on Thursday, the Hong Kong exchange said. No further details were immediately available. Shares of China Resc Cement ended at H
Gujarat Sidhee Cement swings to profit
Gujarat Sidhee Cement earned a profit of Rs. 34.03 million compared with a loss of Rs. 86.39 million in corresponding quarter of 2004-05. Sales for the quarter rose 31.34 per cent to Rs. 889.97 mill
India Cements FY06 net soars
Buoyed by higher demand and better prices, India Cements Ltd (ICL) has reported a sharp growth in net profit at Rs 45.31 crore for the fiscal ended March 31, 2006 compared to Rs 4.58 crore in the prev