Cement News tagged: Corporate
Cemex cut to ’hold’ from ’buy’ at ING
ING Financial Markets has lowered its recommendation on Cemex SA to ’hold’ from ’buy’ after the recent 14 per cent recovery in the company’s share price. The rebound has
Managerial Reshuffle at Eurocement
A conflict has erupted among Eurocement shareholders, with the Russia Partners fund suspecting other company shareholders of asset stripping. The fund holds above 40 per cent in Eurocement, Russia&rs
Italcementi To Set up Research Centre Near Bergamo
Italian cement producer and distributor Italcementi will build a research centre in the new science and technology park Kilometro Rosso near Bergamo, northern Italy, the company said in a statement.
State Cement Corporation shares handed over to PIDC
KARACHI: The 100 percent shares of State Cement Corporation worth Rs150 million have been handed over to PIDC on the directives of Prime Minister Shaukat Aziz. Joint Acting Chairman of the State Cemen
Rinker cements record result
Rinker Group quashed any lingering concerns about the impact of the recent Florida hurricane season on its US operations by providing the market with a profit upgrade - its second in four months - and
Cemex waits to cement its gains
Executives of Cemex, the world’s third-largest cement company, are confident they can reap rewards from September’s UK£3.2bn (Dollars 5.8bn) acquisition of RMC of the UK
Barloworld continues record growth
Barloworld, the listed South African international brand management company, has increased its stake in Pretoria Portland Cement (PPC) to 71.6 per cent from 67.4 per cent through a R300 million inves
Philippine Republic Cement
Republic Cement Corp said it will issue its convertible loan notes worth 1.35 bln pesos to Lafarge Cement to December 1. The notes were previously planned to be issued last Monday. It did not say wh
Kuwait Cement Co profit falls
The net profit of Kuwaiti cement manufacturer Kuwait Cement Company fell to 14.65 mln Kuwaiti dinars ($49.7m) in the first nine months of 2004 from 24.45 mln dinars ($82.9m) in the same period of 2003
Spain Cementos Alfa To delist
Spanish cement company Cementos Alfa will delist from the Madrid stock exchange on November 25, 2004, the company said on November 15, 2004. The company will buy back the 16,793 shares, equal to
Taiheiyo Cement H1 net profit
Taiheiyo Cement Corp’s first half to September results: Revenue - 413.1 bln yen vs 429.9 bln Operating profit - 16.7 bln yen vs 16.7 bln Current profit - 11.2 bln yen vs 10.1 bln Net profit - 6.
Chairman of Ssangyong Cement Industrial Corp arrested
The Supreme Public Prosecutors’ Office on Monday arrested Kim Suk-won, honorary chairman of Ssangyong Cement Industrial Corp. on charges of embezzlement. Kim allegedly embezzled 30 billion won of com
Cemex to sell cement plants to Votorantim
Mexican cement maker Cementos Mexicanos (Cemex) said on November 15, 2004 it had signed a letter of intent with Brazilian cement maker Votorantim Cimentos for the sale of two cement plants in the USA
US Hurricanes Fail To Flatten Australia’s Rinker
Higher product prices and strong US building activity helped Australia’s Rinker Group Ltd offset rising costs and Florida hurricanes to beat market earnings forecasts in its fiscal first half. T
Taiheiyo Cement Expects FY Group Net Profit Y16B
Taiheiyo Cement Corp, half-year ended September 30, 2004: Group sales were Y413.09 bln, down from Y429.92bn a year earlier. Operating profit remained unchanged at Y16.71 bln, while pretax profit was
China’s Huaxin Cement plans JV with Huangshi
Huaxin Cement Co Ltd plans to cooperate with Huangshi Yiruida Investment Co Ltd in a cement joint venture with total capital of 500 mln yuan, the listed company said in a statement. Huaxin Cement (whi