Cement News tagged: Corporate
China Resources Cement Holdings
The directors of China Resources Cement Holdings Limited has announced that Goodsales Investments, the Company’s wholly owned subsidiary, entered into an Acquisition Agreement with Zhong Tie Ji
TPI: new cement capacity needed
TPIPL’s three existing cement plants are reportedly running at near full capacity with a utilization rate of 95% in 2Q04. TPIPL will need to build a fourth cement plant line, a plan put on hold
RMC makes Spanish acquisition
RMC Group, the world’s biggest ready-mixed concrete maker, announced on Monday the acquisition of Spanish rival Hormigones Ciudad Real S.A. (Horcisa) for Euro39m. RMC said in a statement that i
Boral buys Hanson’s Thai business
Boral Ltd has reached agreement with Hanson plc to acquire its interest in the Hanson ready-mixed concrete and quarry operations in Thailand for an enterprise value of around $US45m, which includes so
SeaCem turnaround
Southeast Asia Cement Holdings, Inc. (SeaCem) is optimistic it will make a turnaround this year through a share exchange agreement with Republic Cement Corp. Renato C. Sunico, SeaCem President, said t
ACC Minority Shareholders for Gujarat merger
The Associated Cement Companies (ACC) is increasingly coming under shareholder pressure to consider a possible merger with Gujarat Ambuja Cements Ltd (GACL). GACL, which holds almost the 15 per cent m
Lafarge H1 sales to keep pace with strong Q1 as pricing improves
Lafarge will report a solid rise in first half sales on Thursday before markets open as good weather and an improved pricing environment sustain the performance from a very strong first quarter, analy
Mykolaivtsement ends 2003 with Profits
Mykolaivtsement company (Mykolaiv, Lviv region), finished 2003 with net profits of UAH 8.876 million. According to the statement, Mykolaivtsement increased incomes by 24.9% in 2003, or UAH 22.517
Baltsem increases output By 13.3 per cent
The Baltsem company (Balakliia, Kharkiv region), one of the three major cement producers in Ukraine, increased output by 13.3% or UAH 6.29 million compared with April-June 2003, to UAH 53.587 million.
YTL confirms purchase
YTL Cement Bhd is buying a 32.1 per cent stake in Perak-Hanjoong Simen Sdn Bhd (PHS) – the country’s second largest integrated cement producer – from Doosan Heavy Industries & Construction Co Lt
Profit clarification at TPI
TPI Polene Public Company Limited (TPIPL) would like to clarify net profit changes greater than 20% for the unreviewed financial statements of the Company for the second quarter ended June 30, 2004, a
SCC earnings remain strong
SCC is expected to announce impressive 2Q04 earnings results with a normalised profit of Bt6,008mn (EPS Bt5.01) down 16% qoq, but strongly up 71% yoy. These impressive earnings are due to strong petro
Lafarge extends debt
The many bond buy-backs and exchange offers currently being offered were approaching completion yesterday, with Lafarge, the French cement producer, completing its offer to extend its debt maturity.
Saudi Arabian Cement Co H1
Saudi cement producer Arabian Cement Company (ACC) posted a net profit of 192 mln Saudi riyals ($51.2m) for the first half of 2004, up by 69.6 per cent year-on-year. ACC’s sales stood at 283.4
China’s Xinjiang Tunhe Investment
Xinjiang Tunhe Investment Co Ltd, one of the three listed companies under the control of embattled private investment firm Xinjiang Delong Group, and its subsidiary Xinjiang Tianshan Cement Co Ltd, sa
Eastern Cement earns SR157m
Eastern Cement Co. has gained net profit of more than SR 157m, out of which SR 18m are from sale of the company’s investments. The six month profit are 19% more compared to the profits of the co