Cement News tagged under: corporate
Belgium’s GBL raises Lafarge stake slightly04 January 2007, Published under Cement NewsGroupe Bruxelles Lambert , the Belgian holding company controlled by the families of Albert Frere and Paul Desmarais, said on Wednesday it had slightly increased its stake in Lafarge. The AMF financial markets watchdog said it had received a letter in which GBL said it held 15.92 per cent of the capital and 15.01 per cent of the voting rights in the world’s biggest cement producer. On Dec. 11, GBL held 15.001 per cent of the capital and 14.13 per cent of the voting rig... |
Mexican stocks up, driven by Cemex01 January 2007, Published under Cement NewsMexican stocks rose to a fresh all-time high in slow, early trade last Thursday as cement maker Cemex gained on recent signs of strength in the US housing market. Shares for Cemex , the world’s third largest cement producer and the biggest supplier of the material to US construction firms, rose 1.10 percent to 36.75 pesos after jumping 2.74 per cent on Wednesday. Its New York traded shares gained 0.99 per cent to $33.75. A US government report on Wednesday showed sales of new US homes rose... |
Pakistan’s Pioneer makes steady gains01 January 2007, Published under Cement NewsPioneer cement company of Khushab has made steady progress in operating and financial results. The installed capacity of the plant in FY94 was 2100 tonnes per day (tpd) which increased to 7000 tpd in FY06. During FY06, the production capacity of cement increased by 233% fixed assets base expanded by 110% and shareholders equity increased by 326% as compared to previous financial year FY05. The company announced both cash dividend and bonus stock dividend. The chairman of the Board of Direc... |
Italcementi acquires Shaanxi Fuping Cement01 January 2007, Published under Cement NewsItalcementi Group and Guangyu Group singed a cooperation memorandum on December 23rd in Hong Kong for the acquisition of 100% equity in Guangyu Group’s Shaanxi Fuping Cement for US$33m. Shaanxi Fuping Cement currently has a new 5000tpd dry-process clinker line that was made operational in June 2006. |
Indonesia shares may rise appreciably in 200701 January 2007, Published under Cement NewsAnalysts say the Jakarta Stock Exchange’s main index may climb as much as 15% next year as the rally in Indonesian shares continues, underpinned by optimism about economic growth and political stability. "The Jakarta Stock Exchange main index may rise to break above the (psychologically) important level of 2000 in 2007," said Adrian Rusmana, vice president for the equities division at Kresna Securities. Private sector analysts say the main index may have room to rise as much as 270 points ... |
Adana Cimento plans investments for 200701 January 2007, Published under Cement NewsTurkish cement producer Adana Cimento will allocate 46.455 mln Turkish lira (US$32.6m) for investments in 2007, the company said on December 26, 2006. The company’s cement output for 2007 is expected to reach 2.608Mt and production of grey and white clinker is seen at 2.108Mt and 86,650 tonnes, respectively. Adana Cimento targets to sell 2.6Mt of cement and 250,000 tonnes of clinker next year. The company’s sales for the first nine months of 2006 rose by an annual 8.6 pct to 189.4 mln li... |
Cementhai sets its sights on home-renovation market01 January 2007, Published under Cement NewsCementhai Building Products, the building materials flagship of the Siam Cement Group (SCG), is taking aim at the home renovation market by expanding its building product system centres, said president Pichit Maipoom. "Due to our success in developing roofing centres to provide roof-repair services, we see potential in the home renovation market that has been overlooked by industry operators," he said. The company is seeking new markets at a time when domestic sales growth has been flat c... |
Asahi Danke to Go Private via MBO01 January 2007, Published under Cement NewsJapanese cement maker Asahi Danke Co. said Tuesday its management team will take the company private through a tender offer. A special purpose company set up for the management buyout will purchase each Asahi Danke share for 450 yen through the tender offer starting Wednesday and ending Feb. 1, with the aim of acquiring a 66.7 pct stake. The acquisition is estimated to cost slightly over 1.5 billion yen, the company said. Asahi Danke’s share price closed Monday’s session at 296 yen on the ... |
HeidelbergCement eyes GSCL01 January 2007, Published under Cement NewsIn a manner identical to a previous deal in which HeidelbergCement AG acquired Mysore Cement, the German major is close to acquiring the controlling stake in Gujarat Sidhee Cement Ltd (GSCL). As a precursor to the deal, GSCL has decided to increase its authorised capital to about three times from the current Rs 170 crore, involving 17 crore equity shares of Rs 10 each, to Rs 500 crore comprising 50 crore equity shares of Rs 10 each. GSCL has a production capacity of about 1.2 million tonnes... |
Buzzi reports progress with Dyckerhoff takeover01 January 2007, Published under Cement NewsBuzzi Unicem reports that, by Wednesday, its improved takeover bid for the German building materials group Dyckerhoff had gained acceptance from ordinary and preference shareholders representing 6.33 per cent of the German company’s share capital. It has now therefore secured 95.11 per cent of the company’s ordinary shares, but still only 84.91 per cent of the company’s total share capital, including preference shares. A 95 per cent stake in the share capital is necessary for a squeeze-out... |