Cement News tagged: International
Boral acquires two Queensland concrete companies
Building products firm Boral, which is engaged in an A$840m takeover bid for cement and lime company Adelaide Brighton, has acquired two cement companies in Queensland. Boral said it paid
Holcim announced a cash bid
Holcim has announced a cash bid for the 31 per cent minority in its largest profit earner, Mexican Holcim Apasco worth US$749m. Analysts at Merrill Lynch estimate Holcim is paying 5.4x 04E EV/EBITDA,
Yemen Cement Output
Yemen`s cement output stood at 1,541,352t in 2003 while sales of locally produced cement reached 1,540,308t worth 16.4 bln Yemeni rials (US$92.2m), it was reported on January 22, 2004.
Spanish cement demand record
Cement demand in Spain reached 46.06Mt in 2003, an all time high, Spanish Cement Makers Association OFICEMEN said on January 21, 2004.
Al-Abbas to take over Thatta Cement
The Al-Abbas Group confirmed to the Privatisation Commisison in a letter Wednesday that they would buy out Thatta Cement at Rs 9.95 per share, or a total of Rs 1.12 billion since the Star Cotton
Florida Rock record
Florida Rock Industries, Inc has announced record net income of $32,128,000 or $.73 per diluted share for the first quarter of fiscal year 2004 versus $12,729,000 or $0.29 per diluted share for fiscal
YTL Pahang Cement approval
YTL Cement Bhd has received the Securities Commission (SC) approval to acquire the remaining 50 per cent stake in Pahang Cement Sdn Bhd not already owned by the company.
Spasskcement increases production 23 per cent
The Spasskcement plant (located in the Primorsky region) made 585,000t of cement in 2003, a 23 per cent rise on the year.
Ambuja Cement to be merged with Gujarat Ambuja
Ambuja Cement Rajasthan Ltd has had approval for its merger with Gujarat Ambuja Cements Ltd, India`s fourth-biggest cement maker, the National Stock Exchange (NSE) said on Thursday.
Titan to lease port space
Tarmac America, a subsidiary of Titan America LLC is proceeding with plans to expand its operations in Tampa with a cement facility at the Port of Tampa
Eastern Province to install new line
According to local sources, Saudi Eastern Province Cement Company has recently signed a contract to install a new clinker production line.
Cemex’ 2003 profit is ahead by 10 per cent
Cemex has announced a 9.5 per cent increase in turnover to US$7,164.4m in respect of 2003. The operating profit at the EBITDA level advanced by
Grasim exempted from open offer for CemCo
The Securities and Exchange Board of India (SEBI) has exempted Grasim Ltd from having to make an open offer for CemCo, the cement company proposed to be demerged from L&T, and whose
Ukraine cement production up by 77.7 per cent
In December 2003, cement production rose by 77.7 per cent compared with December 2002, to 512,000t This was disclosed by the State Statistics Committee.
Swiss Holcim to Invest Euro 2.8m in its Beloizvorski facilities
Holcim will invest 5.5 mln Bulgarian levs (Euro2.8m) in its Bulgarian subsidiary, cement maker Beloizvorski Cement in 2004, the managing director of Beloizvorski Cement, Todor Kostov, said on January
India Associated Cement possible merger With Idcol
Associated Cement Companies Ltd (ACC), India`s second-largest cement maker, said Tuesday it is considering to merge unit Idcol Cement Ltd. with the company.