Cement News tagged: Corporate
Buzzi buys more of Dyckerhoff
Buzzi Unicem announces the purchase of 5,000,000 Dyckerhoff’s ordinary shares, equal to 24.19 per cent of the voting capital. The shares relate to the put option exercised on December 28, 2004
Tourah Cement: major profit gain
The net profit of Egyptian cement company Tourah Cement Co is seen to rise 159.2 per c year-on-year to 142.52m Egyptian pounds (US$24.7m) in 2004, according to analysis prepared by the local company P
Tangshan Jidong Cement acquires parent company unit
Tangshan Jidong Cement Co Ltd said its board has decided to acquire a transport unit belonging to Hebei Jidong Cement Group, its parent company, for 44.11m yuan. Tangshan
Votorantim Cimentos invests US$220m
Votorantim Cimentos is dedicating US$220m investments to improve the logistic area in 2005, US$140m of which will go to Brazil. In 2003, the Brazilian cement manufacturer invested
Akcansa plans acquisitions
Mehmet Gocmen, general manager of Akcansa, said that the company planned acquisitions of cement companies in Iraq in the long run. However, the privatisation of the companies would not take place in t
Narotam Sekhsaria in focus
Some 24 years ago, Narotam Satyanarayan Sekhsaria, a 33-year-old cotton trader from Gujarat left the family-run business to try his hand in the cement sector. here was a stable demand for cement in th
Lafarge bids for Himachal plant
Lafarge has bid for a Rs.6-billion ($120m) cement plant in Himachal Pradesh. Lafarge, which has submitted a proposal to set up a two-million-tonne plant by exploiting the limestone deposits in the Cho
Cemex negotiating Hormigonera purchase
Cemex may be negotiating the acquisition of Puerto Rico’s (PR) second-largest concrete producer Hormigonera Mayagezana, PR press reported. Other island cement players have voiced their oppositi
Grasim Q3 net profit rises 32%, beats forecast
Industries Ltd, India’s top cement group, said on Friday its quarterly profit jumped 32 per cent, beating expectations as a construction boom in Asia’s fourth-biggest economy drove up pric
YTL Expects Avg 20 per cent year profit rise
Diversified YTL Corp will grow profits, revenue and share price about 20 per cent a year up until 2020, Group Managing Director Francis Yeoh says, according to local news reports.
Lafarge eyes small, medium acquisitions
Lafarge has a business model to focus on small- and medium-sized acquisitions, rather than large ones, according to Jean-Jacques Gauthier, the company’s executive VP of finance. Gauthier made th
Abdioglu to buy Uzan cement operation?
Turkish Abdioglu Group is interested in acquiring cement operation Trabzon Cimento, previously owned by the controversial Uzan family, the group’s chairman Ali Sefik Abdioglu
Eurocement: production up 13 per cent
In 2004, the Eurocement Group produced more than 9.6Mt of cement, 13 per cent more than in 2003. The group turned out more than 1Mt of bagged products, up 16 per cent year-on-year. The products were
Indonesian govt postpones Cemex agreement
The government of Indonesia has postponed the signature of an agreement that could put an end to a long-running dispute with Cemex over the control of the south-east Asian country’s biggest ceme
Siam Cement shares to pay record dividend
Siam Cement Group (SCC), the country’s largest industrial conglomerate, yesterday announced that it would pay an annual dividend of 15 baht per share -- the group’s highest ever -- thanks
Cementos Lima 2004 net rises 0.8 per cent
Fourth quarter and year earnings ended Dec. 31, 2004 rose 0.8 per cent at Cementos Lima which holds a 82 per cent of the domestic market. The company said on Wednesday it would