Cement News tagged: Corporate
Buzzi Unicem approves EUR206m capital hike
The board of directors of Italy’s Buzzi Unicem has approved a capital increase of EUR206m (US$250.4m).
L&T re-listed, closes day one at Rs 635: The stocks markets have valued the engineering and construction business
The stocks markets have valued the engineering and construction business of Larsen & Toubro (L&T) at Rs 635 a share
Grasim offer for CemCo oversubscribed
Fifteen months after it opened its ambitious gambit for L&T’s cement business, the Aditya Birla group is poised to finally take control of Ultra Tech CemCo Ltd, into which the 16.5Mt cement divi
Lafarge eyes buyouts to increase capacity , India
Cement major Lafarge India will explore acquisitions to enhance its manufacturing capacity in view of the growing demand for cement.
HeidelbergCement Romania
HeidelbergCement Romania, the local subsidiary of German cement maker HeidelbergCement, expects a 10 per cent year-on-year rise in its turnover for 2004 to about Euro 130m, Ziarul Financiar daily said
Top EU Court Says Portugal was wrong
Europe’s top court said Tuesday that the Portuguese government was wrong to attempt to block the takeover of cement company Cimpor. The verdict represents a blow to governments who want to keep
Institutions will make good
The AV Birla Group company Grasim Ltd¹s open offer for 30 per cent of Ultra Tech CemCo, the demerged cement business of Larsen & Toubro, is likely to sail through with the financial institutions (FIs)
Cementos Molins’ shareholders to vote
The board of shareholders of Spanish cement producer Cementos Molins will vote tomorrow on a Euro 265.5m plan to take over the 40.9 per cent stake of the group which is in the hands of French counterp
Kuwait’s Shuaiba Paper
Kuwait’s Shuaiba Paper Products Co said on Monday it had signed a five-million Kuwaiti dinar agreement ($17m) with Saudi-based Yanbu Cement Co to establish a packing factory. Shuaiba Paper, whi
Yemeni Bajil Cement
The Bajil cement plant in Yemen’s western Hodeidah governorate, will raise its annual output to 1.4Mt, the plant’s director general Abdul Karim Yahia said on June 21, 2004. The upgrade pr
CCI in talks to set up cement plant
The Steel Authority of India (SAIL) is in talks with Cement Corporation of India (CCI) to set up a 1Mta cement plant near its Bokaro steel plant. The cement plant will be a 50:50 joint venture betwee
Cement firms top capacity use
A number of cement companies are utilising 100% capacity. Kesoram Industries tops the list, having raised its capacity utilisation from 108% in 2001 to 137% in 2004. Mangalam Cement is close by, with
RMC gains amid talk of cement price increase
RMC Group recovered from recent weakness amid talk that France’s Lafarge is set to push through further cement price rises in Germany.
Mitsubishi Materials expands in China
Mitsubishi Materials Corp and Mitsubishi Corp. said Friday they have set up a joint venture company for cement production in China. The new company, Qingdao Mitsubishi Cement Co., is capitalized at 2
Republic Cement optimistic
Republic Cement Corp. hopes to top profits in 2003 with an expected increase in cement sales this year. In the recent annual stockholders’ meeting, President and Chief Executive Juan Miguel R Mo
Madras Cements net up
Madras Cements registered a profit after tax of Rs 33.40 crore (Rs 12.96 crore) in 2003-04, higher by 158 per cent in relation to the previous year. The company’s board recommended a final divi