Cement News tagged: Corporate
Tabuk Cement half-year profit up 26 per cent
Saudi Arabia’s Tabuk Cement reported a 26 per cent rise in first-half profits to 74 million riyals (US$20m). Second-quarter profits were 40 million riyals, up 21 per cent from the same period la
Dutch ING sells stake in Cimpor
Dutch bank ING has sold the 3.08 per cent stake it owned in Portuguese cement company Cimpor, thus concluding its involvement in the company, it was reported on July, 1, 2005. BNP Paribas Securities
Taiwan Cement sells properties to focus on core business
Taiwan Cement Corp(TCC) will dispose of idle land lots and non-core business units across the board within the next five years, said the company’s chairman Chester Koo. The company noted it woul
Siam Cement reduces stake in Michelin Siam Group
The Siam Cement Group (SCC) has reached an agreement with the Michelin Group (of France) to reduce its stake in Michelin Siam Group from 40% to 10%, beginning Q4/05. This transaction is expected to re
Qatar National Cement approves dividend
The board of the directors of the Qatar National Cement Co (QNCC) approved a 38 mln Qatari rials ($10.4m) interim cash dividend for the first half of 2005, local media reported on
BK Birla to invest across group firms
Basant Kumar Birla has intended has made up his mind to invest Rs 1200 crore across several of his group companies, including Century Textiles & Industries. The 85-year-old
Gujarat Ambuja June shipments up on year
Gujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said on Monday its June shipments rose 10 per cent on year to 1.09Mt.
Aditya Birla June shipments rise
Aditya Birla group, India’s top cement producer, said on Monday June cement shipments rose 9.8 percent from a year ago to 2.26Mt. The Birla group, comprising flagship Grasim
CSFB raises stake in Cimpor again
Cimentos de Portugal (Cimpor) said that Credit Suisse First Boston has raised its stake in the company to 10.53 per cent after acquiring an additional 14.53 million shares, equivalent
Cementir acquires New Jersey-based Vianini Pipe
Cementir SpA said its Danish unit Unicon Sa is acquiring New Jersey, US-based Vianini Pipe Inc for Euro 12m from Vianini Industria SpA. In 2004, cement manufacturer Vianini Pipe had
Cementos Molins invests Euro 90m in 2004
Spanish cement company Cementos Molins invested Euro 90m in 2004, the CEO of the company, Joan Molins, told a news conference on June 30, 2005. Of this, Euro 31m was spent on a new kiln in Mexico, wh
Merckle now owns 31.45 per cent In HeidelbergCement
HeidelbergCement AG shareholder Adolf Merckle, who is making a takeover offer to other shareholders, already owns a 31.45 per cent stake, according to the detailed conditions of the offering published
Cementos Panama invests US$20m
Panamanian cement company Cementos Panamáas has invested US$20m in the last five years to improve customer service and production, newspaper Panamáméica reported.
Ciments du Maroc to invest Euro 140m
Moroccan cement company Ciments du Maroc, owned by Italian sector group Italcementi, plans to invest Euro 140m over the following five years, it was reported on June 28, 2005. Ciments du Maroc, which
AXA reduces HeidelbergCement stake
AXA, the French insurer, was reported to have reduced its share of the voting rights in HeidelbergCement,
Semen Gresik names Dwi Soetjipto President Director
PT Semen Gresik, Indonesia’s biggest cement maker, yesterday named Dwi Soetjipto president director.