Cement News tagged: Corporate
Pakistan profits from earthquake disaster!
The devastating earthquake that has left over two million Pakistanis homeless is expected to trigger a huge demand for cement as the country begins its biggest ever reconstruction exercise. Share pr
Chilean industry plans US$134m investments
The three companies that make up Chile’s cement industry - Bío Bío, Melón and Polpaico - are planning to invest a total of US$134m in 2006 given the record sales expected by the industry this ye
Sabanci takes the Standart prize
Sabanci Holding was unable to deter Cimentas, a subsidiary to the Italian Cementir Group, from taking over control of one of the cement factories that the Turkish Savings and Deposit Insurance Fund (T
Portugal BPI Ups Stake in Semapa
Portuguese investment bank Banco Portugues de Investimento (BPI) increased its participation in local cement company Semapa to 6.7 per cent of the share capital, it was
Wahana Tata Ready to Pay Lafarge’s Claim
PT Asuransi Wahana Tata promised to pay the insurance claim of PT Semen Andalas Indonesia following the conclusion of loss assessment by independent loss adjuster. Robert Jeremia, the President Direc
IBT Securities buys Taiwan Cement shares
IBT Securities was a net buyer of 2.29 mln shares in Taiwan Cement Corp between Sept 19 and Oct 7, the Economic Daily News reported, without citing sources. The proprietary
Turkey Sells Bartin for $48m
Turkey’s Savings Deposits Insurance Fund, or TMSF, sold the Bartin Cement Factory for $48m to domestic cement producer Cimko Cim. ve Beton San. Tic. AS, or Cimko the Ihlas
Dalmia Cement to hive off sugar division
Dalmia Cement (Bharat) Ltd, which has interests in cement and sugar, plans to restructure itself into companies that deal with these two businesses separately. It has floated a subsidiary, Ramnagar Ch
Attock Group donates Rs 45 million
The Attock Group of Companies has announced a contribution of Rs 45 million towards the President’s Relief Fund for the earthquake victims. The employees of the group, which includes Pakistan O
Thai TPI Polene Q3 profit jumps on debt gain
TPI Polene PCL , Thailand’s third-largest cement maker, said on Wednesday its third-quarter earnings surged, due mainly to gains from restructuring the company’s hefty debts. TPIP report
Sabanci Group offers $175.5m
The Turkish Savings and Deposit Insurance Fund (TMSF) held a tender for the Standart Cement plant, previously seized from the Uzan family. Some 22 companies submitted their
Italcementi eyeing acquisitions in India, Thailand
Italcementi SpA is eyeing acquisition opportunities in India and Thailand, said Giorgio Ghinaglia, managing director at the cement maker’s Egyptian unit Suez Cement. "We want
Lafarge Appoints New Executive VP For Strategy, M&A
Lafarge SA (LR) Tuesday named Jean Desazars as Executive Vice President responsible for Strategy and Development. The company said the executive will fill a newly-create
Spain Cementos Lemona Jan-Sept 2005
Spanish cement maker Cementos Lemona posted a net attributable profit of Euro 16.3m for the first nine months of 2005, a surge of 77 per cent year-on-year, company insiders said on
Bestway Cement declares cash dividend
Bestway Cement, Pakistan, has posted an after-tax profit of Rs 931 million during the financial year ended June 30, 2005, showing an increase of 37 percent from Rs 3,801 million earned last year. The
Cementir grows in Turkey – but at what price?
The Italian Cementir Group, run by F Caltagirone Jr, through its subsidiary Cimentas, is further expanding in Turkey by acquiring the Lalapasa Edirne plant in an international auction. The plant is lo