Cement News tagged: Corporate
Brisk cement demand should provide TPI growth driver
Thailand: TPI Polene’s third-quarter earnings were a disappointment by any measure, but analysts expect better performances ahead for the cement maker on a return to full production after its pl
Akmenes Cementas sales 2004
Akmenes Cementas, the only manufacturer of cement in Lithuania, has announced that its sales last year climbed 16.7 percent to 104.5 million litas (Euro 30.3m). Virginija Berezniak, a company spokesp
Colombian Argos closes sale
Colombian cement producer Cementos Argos closed a $110m deal for the sale of Colombian coal mine La Jagua to Swiss commodity company Glencore International, it was reported on January 13, 2005. The m
Lipetskcement produces more
Lipetskcement produced over 1.6Mt of cement in Jan - December 2004, a seven per cent rise against the same period 2003 when the plant made over 1.5Mt of cement, up 3.2 per cent
Corporates lend a helping hand
As the tsunami death toll continues to swell, corporate India is trying to chip in with relief and rehabilitation support. Gujarat Ambuja Cements Ltd has announced a sizeable contribution to the Prime
Siam Cement Group reports operating results
The Siam Cement Group (SCG) has announced excellent financial results for the third quarter of financial year 2004, citing strong performance in most business units principally in the Petrochemicals B
Votorantim plans more investment
Votorantim Cimentos, intends to increase investments by 60 per cent to US$220m, planning to construct two new plants in Brazil and increase production in five plants from the North American subsidiary
Investor view on Mitsubishi
Moody’s Investors Service has upgraded the senior unsecured long-term debt ratings of Mitsubishi Materials Corporation (Mitsubishi Materials). The rating outlook is stable. Mitsubishi Materials
Saudi Eastern Province Cement profit gains
Saudi cement producer Eastern Province Cement Company (EPC) registered 7.0 per cent year-on-year increase in net profit to 277 mln Saudi riyals (US$73.9m) for 2004, the company’s board chairman,
Eagle Materials completes purchase
Eagle Materials Inc announced today that it has completed the purchase of the remaining interest in Illinois Cement Company joint venture. The purchase price was $72m in cash for the 50 per cent joint
Heidelbergcement intends to invest
HeidelbergCement plans to invest Euro 20m to its Ukrainian business in 2005, according to IntelliNews. In particular, the modernisation of their Kryvyi Rih Cement and Dneprocement plants is planned.
Cement & Steel: Mega Projects
The Thai government has implemented a strategy for developing the country’s infrastructure to support Thailand’s comparative advantages and to sustain growth. During the government budget
Semen Cibinong under investigation
The Jakarta Stock Exchange (JSX) planned to investigate the skyrocketing price of Semen Cibinong’s shares by 75 per cent ahead of the plan of majority ownership on the cement manufacturing compa
Retail investors will be offered more bonds
New bond issues in 2005 are expected to become increasingly structured as public offerings aimed at retail investors rather than for institutional investors, according to the Thai Bond Dealing Centre.
Holcim Transfer Semen Cibinong’s shares
Holcim Participations (Mauritius) Limited had transferred its whole ownership on PT Semen Cibinong Tbk (SMCB) as much as 77.3 per cent to Holderfin BV, the owner of 100 per cent shares of Holcimin Par
India Cements in fund-raising move
India Cements is raising nearly Rs 250 crore through a mix of instruments to foreign investors Asia Debt Recovery Company Ltd, ADM Maculus Fund LP and Sheen Pearl Investments. The funds will be utilis