Cement News tagged: Corporate
Actis to invest in Dalmia Cement
Actis, a leading private equity investor in emerging markets, announced its intention to invest US$25m in Dalmia Cement (Bharat) Ltd (DCB), a manufacturer of cement in South India.
Limak bids for Gaziantep Cement
Limak Kurtalan has made a bid of US$93.25m for rival cement company, Gaziantep Cement, which the Turkish Savings and Deposit Insurance Fund (TMSF) put out to tender for an estimated US$90m.
Ultratech Cement up on price hike
Ultratech Cement on Wednesday created its all-time high at Rs 773 on additional profit hopes because of the recent price rise.
Italcementi wants to increase ownership in Goltas
Italcementi is interested in increasing its stake the Turkish cement company Goltas, according to local reports.
Prosperity heads for AIM
Prosperity Minerals, controlled by David Wong, the Hong Kong-based entrepreneur, is thought to be at an advanced stage with its AIM flotation plans.
Republic Cement profit climb
Philippine producer Republic Cement Corp said its net profit for last year reached 909.3 million pesos, 14 per cent more than the 798.0 million pesos in made in 2004, aided by higher exports and selli
TPI: further reduction in outstanding debt
The Central Bankruptcy Court will rule on April 26 whether the petrochemical and cement giant should be removed from the restructuring process as requested by its plan administrator.
Shui On and Lafarge inject more cash
Hong Kong-listed Shui On Construction & Materials and Lafarge injected a further HK$155.2m (approcx US$25m) in cash into the companies’ Chinese cement joint venture, Shui On said Wednesday.
Italcementi to invest further in the US
Italcementi has committed to investing US$320m into the development of its plant at Martinsburg in the US state of West Virginia
Cemex declines comment on Gresik sellback
Cemex has declined to comment on a report that it is offering to sell its 25.53 per cent stake in Indonesia’s largest cement maker PT S
James Hardie in dispute
James Hardie Industries will pursue discussions with the competition regulator to try to resolve a dispute over the supply
Gujarat eyes new investment plants
Having put its plans for acquisitions on the backburner, IndiaN cement major Gujarat Ambuja Cements Ltd will instead i
Prospects for OCL India’s cement look sound
OCL India appears well placed to benefit from the favourable industry dynamics in the cement sector. It has a presence in the eastern market where price have been firming up and are expected to stay t
Pakistan stocks may tumble
The rally that made Pakistan’s stock market the best performer in Asia during the past five years was interrupted last quarter. Forecasts of slower profit growth and a cooling economy suggest fu
Holcim may raise GACL stake
Holcim, which has made an open offer for an additional 20% of the equity of Gujarat Ambuja Cements Ltd (GACL) after picking up 14.8% of the promoters’ stake, is likely to explore options - among
Cemex’s debt improves
The credit ratings of Mexican cement giant Cemex SA (CX) were lifted further into investment-grade territory Thursday