Cement News tagged: International
Cemco seeks reversal of CA decision
Cemco Holdings Inc. has asked the Court of Appeals to reconsider its decision requiring the cement firm to tender an offer to buy the stakes of minority shareholders of Holcim Philippines Inc.
Carib Cement’s earning up, but profit down
A 17.5 per cent increase in revenue for quarter to September 30 was not enough to offset the negative impact of Hurricanes Dennis and Emily and higher energy costs at Caribbean Cement Company, which r
Semen Baturaja reports surge in profits
State-owned cement maker PT Semen Baturaja in South Sumatra reported a gross profit of Rp20bn (US$2 million) in the first 10 months of this year, up from only Rp4.14 billion in the whole of last year.
US Lehman Brothers Cuts Italy Italcementi Stake
US investment bank Lehman Brothers has cut its stake in Italian cement group Italcementi to under the threshold of two per cent, Italian stock market regulator Consob reported on November 18, 2005.
Exchange rate loss of Indocement to decrease
PT Indocement Tunggal Prakarsa Tbk predicted that the exchange rate loss of the company will decrease this year as the company has hedge some US$150m of its debt, while the exchange rate of Japanese Y
Egyptian Misr Beni Suef net profit soars 290% YoY
The net profit of Egyptian cement producer Misr Beni Suef Cement (MBSC) jumped 290 per cent YoY to E£101m (US$17.5m) in the first nine months of 2005.
Greece’s Titan Cement nine-months net seen rising 12% on strong US ops
A continuing strong performance in the US market and improving sales in Greece will be the main drivers behind growth, they added.
BPB board agrees to £3.9bn deal
British plasterboard maker BPB was last night recommended a 775p-a-share offer from French suitor Saint Gobain. The £3.9billion deal will mark the end of an increasingly hostile and bitter bid battle
Cement output keeps increasing in October
According to statistics provided by China Cement Association, China’s demand for cement will keep growing in the fourth quarter of this year, but the growth will slow down. Meanwhile, fiercer competit
Eurocement improves Ukrainian output
In the past ten months of 2005, the Ukrainian factories of Russia’s Eurocement Group holding company made over 2.4Mt of cement, a 14 per cent rise year-on-year. Balcem of
BoI fines Taiheiyo
The Philippine Board of Investments (BoI) has revoked the certificate of registration of Taiheiyo Cement Philippines Corp (formerly Grand Cement Manufacturing Corp) and slapped the firm with over P1.1
Swiss want to set up cement plants
The Ambassador of Switzerland to Pakistan, Dennis Filed Mayor, has said that Swiss businessmen are keen to invest in various sectors of Pakistan and particularly in Balochistan. During a meeting with
Grasim, Lafarge in race for UP cement unit
Grasim and Lafarge are apparently set to compete for the assets of the UP State Cement Corporation (UPSCCL). They have competed earlier also, the only difference being that this time they are not alon
CP Cimento mulls partial sale
Brazil’s seventh largest cement producer, CP Cimento has hired investment bank Goldman Sachs to find a buyer for part of its business, newspaper Valor Econômico reported. The reason behind the d
Indonesia’s Oct cement sales down
Indonesia’s domestic cement sales volumes, an indicator of economic activity, fell 6.1 per cent in October to 2.78Mt from a year earlier, the country’s largest cement maker said on Wednesd
Cement consumption in Spain up
Cement consumption in Spain rose by 4.98 per cent year-on-year to 42.2Mt in the first 10 months of 2005, the Spanish cement makers association Oficemen said on November 15,