Cement News tagged: Corporate
Insiders in FLS sell 59,314 Shares
An insider management group in Danish engineering and cement group FLS Industries sold 59,314 shares worth a total of 5.9 mln Danish crowns ($1.0m), it was reported on January 6, 2005. After the sale
New head for Lafarge North America
Lafarge North America Inc. Toronto, today announced that Eric C. Olsen officially assumed his position as executive vice president and chief financial officer on January 1, 2005. As previously announc
Philippines’ Union Cement higher
Shares of Union Cement Corp were higher in late morning trade as investors’ buying interest shifted to second-line stocks, dealers said. Union Cement was up 0.06 pesos or 2.46 per cent at P2.50
Holcim Romania 2004 turnover up
Holcim Romania, a unit of Swiss cement company Holcim Ltd, said on Thursday its 2004 turnover grew 10% due to investments in quality, service and innovation. It recorded 118 million euro ($156.5m) in
Shui On to dispose of four concrete companies
Shui On Construction and Materials Ltd wholly-owned unit Shui On Building Materials Ltd said it will sell to Maxking Investments Ltd the entire issued share capitals of four companies it
Lafarge to look again at Loma Negra?
Lafarge is reported to be interested in acquisition of the Argentine cement company Loma Negra. This Argentinian company, owned by Argentine businesswoman Amalia Lacroze de Fortabat, was put for sale
CRH sees FY pretax profits rising
CRH said its full-year profit before tax is expected to break the Euro 1bn level (2003: Euro 864m) for the first time. The group has performed strongly in 2004 with good full year organic growth and
More Indian consolidation expected
Year 2005 is likely to witness a phase of consolidation in the cement industry. There are several small players in the country, both profitable and ailing, that could be on the acquisition radar. Anal
Stake acquisition of Suez Cement by Ciments Francais
The 5.8 per cent stake acquisition of Suez Cement by Ciments Francais was executed yesterday at a price pertaining to US$12.87/share.
Shree Cement stock – good performance
The Shree Cement stock has been among the best performing cement stocks in 2004, having gained around 70.3 per cent versus a 28.93 per cent rise for the industry leader Gujarat Ambuja Cement and a 11.
Bacnotan buys Danish firms’ shares in Atlas
Bacnotan Consolidated Industries has just bought from two Danish firms almost 811,000 shares of Atlas Cement Corp. for US$4.4m.
Holcim Bulgaria posts growth
Holcim Bulgaria, the cement works in the village of Beli Izvor, registered about 40 per cent growth and purchased new assets in 2004, the management said. The enterprise is reported one of the best pe
Foreign institutionals buy stake in Kesoram Industries
Foreign institutional investors (FIIs) seem to have partially replaced Indian insurance company LIC in B K Birla flagship, Kesoram Industries
India Cements could bounce back
Debt restructuring and the extraordinary demand generated from reconstruction of the tsunami-affected states of Tamil Nadu and Andhra Pradesh
Shanghai Allied Cement reports proposed deal
On 31 December 2004, Shanghai Allied Cement entered into the Supplemental Agreement with Tian An, pursuant to which the
Banks, property plays top ’05 Asia stocks
Banks, property firms and building material companies are JP Morgan’s top Asia stock picks for 2005, as the investment