Cement News tagged: Corporate
Citigroup To lend Lafarge $30m to rebuild Aceh
Citigroup Inc has lent US$30m to Lafarge to refinance the reconstruction of PT Semen Andalas Indonesia’s cement plant in
Eagle Materials declares Quarterly dividend
The Board of Directors of Eagle Materials Inc. has declared a quarterly cash dividend of US$0.175 per share, payable on July 20, 200
Holcim open offer fails to excite investors
Holcim’s open offer to Gujarat Ambuja Cements Ltd (GACL) shareholders to pick up an additional 20 per cent stake in the company, may have elicited lukewarm response, people in the know say. The
UltraTech board approves capital expansion
UltraTech Cement Ltd. said on Monday its board had approved additional capital expenditure of 4.9 billion rupees for productivity i
Lafarge Shui On Cement sets up Guizhou business unit
Lafarge Shui On Cement, a joint venture between the world-leading cement producer Lafarge and Shui On Construction
Baticim submits bid for Limas port operator
Baticim Bati Anadolı Cimento, a cement company, announced that it submitted its bid regarding Limas, which runs a port in Iz
KHD Humboldt Wedag announces agreement
KHD Humboldt Wedag International Ltd. ("KHD") announces that it has entered into an arrangement agreement (the "Arrangement")
Arabian Cement Company sales
The sales revenue of ACC for the year 2005 increased by 18.7 per cent to SR687.2m from SR578.8m in 2004. The cost of sales of SR338.7m, on the other hand, was higher by 7.5 per cent over the previous
Caixa triples Cimpor stake
State-owned savings bank Caixa Geral de Depositos bought 20 million shares of cement company Cimpor SA more than tripling its stake to 4.6 per cent. In a regulatory filing Cimpor said CGD bought 20
Semapa says starts 175 mln euro bond issue
Portuguese conglomerate Semapa has begun a 10-year, Euro 175m bond issue in a private placement, the company said on Friday. The issue was launched on Thursday, Semapa said in a statement. The issue
Limak, Sabanci interested in Elazig
According to the daily Dunya, Limak Group, Sabanci Group are interested in Oyak’s Elazig cement plant. This week, Oyak Group announced that it decided to sell the plant and informed 25 domestic and in
UltraTech Cement Q4 net rises
UltraTech Cement is to announce its Q4 and FY06 results. According to estimates, its Q4 net profit is expected to go up from Rs 4.94 crore to Rs 69.1 crore.UltraTech Cement is to announce its Q4 and F
Cementir shareholders approve 2005 figures
The shareholders’ meeting of Italian cement group Cementir approved on April 20, 2006 the group’s 2005 balance sheet and appointed its new board of directors. The shareholders decided on t
Siam Cement 1Q net down
Thailand’s Siam Cement is likely to report an on-year drop in its first-quarter earnings as high energy prices cut into profit, analysts said. However, the industrial conglomerate is expected to
GCC reports good 1Q results
Grupo Cementos de Chihuahua (GCC) net sales in the first quarter of 2006 increased 42.3 per cent to US$1212.4m pesos. This solid growth reflected higher sales in each of the company’s markets.
Holcim Philippines 2005 net profit dips
Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement.