Cement News tagged under: corporate
New head of Castle Cement, UK11 January 2007, Published under Cement NewsA new managing director has been appointed at Castle Cement’s Padeswood site in Flintshire. Mike Eberlin, 44, will take over the cement works job following the retirement of Peter Weller at the end of February. He is currently commercial director of the company. Mr Eberlin said: "Peter Weller has built a business with the best assets in the industry, including the recent UK£64m investment at Padeswood. Castle’s challenge is now to consolidate this position and provide excellent servic... |
Holcim picks up 1.65 per cent stake in GACL10 January 2007, Published under Cement NewsHolcim has picked up further 1.65 per cent stake in Gujarat Ambuja Cements Ltd (GACL) for Rs 307.46 crore in open market transactions. Holcim through its subsidiary Holderind Investments acquired 2.25 crore equity shares of GACL at a price of Rs 136.65 each, according to data available on the Bombay Stock Exchange. Foreign investor Meinl Bank Aktiengesellschaft has sold 2.25 crore equity shares of GACL in a block deal on the BSE. As on September 30, Holderind Investments Ltd ... |
Saudi Eastern Cement Q4 net profit up 79 per cent09 January 2007, Published under Cement NewsSaudi Arabia’s Eastern Province Cement Company said on Tuesday fourth quarter net profit rose 79 per cent from a year earlier to SAR111m ($29.60m). Full-year profit grew 49 per cent to SAR446m on higher sales volume, the company said in a statement on the stock exchange Web site, citing preliminary data. "This record growth in the firm’s net profits in 2006 is mainly due to a rise in sales volume," it added, without giving details. |
Taiwan’s Asia Cement Dec parent sales TWD871.52m vs TWD1.02bn09 January 2007, Published under Cement NewsAsia Cement Corp said its parent sales in December fell to TWD871.52m from 1.02bn in the corresponding month a year earlier. But parent sales for full year 2006 increased to TWD10.81bn from 10.75bn in 2005, it said. |
China’s Huaxin Cement suspended pending announcement08 January 2007, Published under Cement NewsHuaxin Cement Co Ltd said its shares will be suspended from trading on the Shanghai bourse today ahead of an announcement. No further details were provided. Holchin BV, a unit of Holcim, is the largest shareholder of Huaxin Cement with a 26.11 per cent stake. |
Buzzi Unicem not to raise Dyckerhoff offer08 January 2007, Published under Cement NewsItalian cement maker Buzzi Unicem will not raise its offer for minority sharesholders in Dyckerhoff any further, Buzzi’s chief executive said in a German news reports. "We will under no circumstances raise our offer," Pietro Buzzi told German daily Frankfurter Allgemeine Zeitung (FAZ) in an interview. In November Buzzi had increased its offer for Dyckerhoff’s ordinary shares to 42 euros ($55.04) per share from 40 euros each, and for the preferred shares to 40 euros per share from 37.... |
FLSmidth is negotiating to sell marine and turbo gear business in Switzerland05 January 2007, Published under Cement NewsMAAG Gear AG, FLSmidth’s Swiss-based subsidiary, will in future focus on gears for the cement and minerals industries. Against this background, FLSmidth has received a proposal for the acquisition of MAAG Gear’s marine and turbo gear business. The prospective buyer is RENK AG, a German gear producer which is part of the MAN Group. It is RENK’s intention to maintain part of the production and continue the global servicing of marine and turbo gears at Winterthur in Switzerland. FLSmidth i... |
Ex-president of Taiheiyo Cement Corp dies at 7805 January 2007, Published under Cement NewsKen Moroi, former president of Taiheiyo Cement Corp. and a former vice chairman of a major business lobby, died from lymph tumor on Dec. 29, sources close to the businessman said. Moroi was 78. Moroi joined the Industrial Bank of Japan, now part of the Mizuho Financial Group, after graduating from the University of Tokyo in 1953. He transferred to Chichibu Cement, now Taiheiyo Cement, in 1967. The company was founded by his grandfather. He was president of the company for 10 years from 197... |
Jordan Cement Factories Co Net Profit at $71.4m Jan-Sept 200605 January 2007, Published under Cement NewsCement producer Jordan Cement Factories Co (JCFC) booked a net profit of JOD50.6m (US$71.4m) for the first nine months of 2006, an increase from JOD48.8m (US$68.9m ) posted a year ago. Earnings per share (EPS) stood at JOD 0.84 ($1.19) for the period from January to September 2006, up from JOD 0.8 (US$1.13) in the same period of 2005. Total assets were JOD 223.9m (US$316m). In April 2006, JCFC said it would raise its annual capacity to 5.5Mt in 2008. |
Malabar Cements registers record profit in first eight months04 January 2007, Published under Cement NewsThe State public sector Malabar Cements Limited (MCL) at Walayar here has registered a record profit of Rs.15.05 crore in the first eight months of the current financial year. Last year, the company registered a profit of Rs. 5.03 crore. Talking to The Hindu here, managing director K.S. Sreenivas said the company’s profit would cross Rs.20 crore in the current financial year. The turnover between April and December, 2006, had risen to Rs.162 crore. The Cherthala grinding unit of th... |