Cement News tagged under: Corporate
Holcim Cement posts robust growth, Vietnam17 January 2006, Published under Cement NewsHolcim Cement Company recently reported it produced 2.7Mt of cement last year, an increase of 17 per cent over 2004. Its new Cat Lai facility, which opened in late 2005, has a capacity of 120m3, will further boost the company’s production. Holcim Cement contributed US$252,000 to charities and public programmes, including building schools and laboratories. |
More Cement Companies added to cartel investigation16 January 2006, Published under Cement NewsHeidelbergCement, Schwenk and Holcim have been added to a cartel case involving the cement industry, according to Financial Times Deutschland, citing a Duesseldorf court spokesman. Last August, Lafarge, Dyckerhoff and Readymix were cited in the complaint. Damage claims total around Euro 210m. Oral arguments begin May 31, the spokesman said. |
Anhui Conch shares suspend on share reform plan16 January 2006, Published under Cement NewsTrading in shares of A and H shares of Anhui Conch Cement Co. Ltd were suspended on Monday pending a statement in relation to a proposal on share segregation, the company said in a statement. No further details were immediately available. H-shares trade in Hong Kong. A-shares are available only to mainland Chinese investors. Shares of the cement producer have risen 24.8 per cent to finish at HK$9.55 on Friday. |
Funds to buy into Saurashtra Cement16 January 2006, Published under Cement NewsAsian Debt Management (ADM), the UK-based Toro Managers and Brescon Advisory will buy up to 23 per cent equity in the Mehta group-promoted Saurashtra Cement (SCL) for Rs 105 crore. "Through a preferential allotment of shares, the SCL management has issued fresh shares to ADM, Toro and Brescon for Rs 105 crore. Post-issue, these funds will hold 23 per cent in Saurashtra Cement," a source close to the development said. On January 9, ET had reported that various funds including ADM are in the r... |
But Son cement firm sells 3 million shares16 January 2006, Published under Cement NewsVietnam Cement Corporation (VNCC) sold over three million shares of But Son Cement Company in auctions held yesterday at the Hanoi and HCM City securities trading centres, according to the Hanoi Securities Trading Centre (HSTC). The shares, with a face value of VND10,000 and an initial price of VND11,000, sold accounted only for a small part of the 22 million shares up for sale yesterday. The total value of the shares sold was about VND220 billion (US$13.8 million), accounting for 20 per ce... |
Tax case against Garadagh Cement closed16 January 2006, Published under Cement NewsBecause of redemption of tax arrears, the criminal case initiated against the joint stock company Garadagh Cement has been closed. Garadagh Cement paid out AZN 2.66m. |
Portland takeover of Lemona approved16 January 2006, Published under Cement NewsSpanish cement group Cementos Portland Valderrivas’ takeover bid for rival group Cementos Lemona has been authorised by Spanish competition authorities. Portland Valderrivas already controls 30.7 per cent of Lemona and has launched a bid of Euro 32 per share to raise its stake to 100 per cent. The purchase would require a maximum outlay of Euro 248.3m. |
Suez Cement to offer shares16 January 2006, Published under Cement NewsEgyptian cement producer Suez Cement will offer for subscription a total 1.3 million shares at a par value of 45 Egyptian pounds ($7.83), the company said. The shares are part of the company’s capital hike, carried out from December 1 to 30, 2005, which was not fully subscribed. The shares will be allowed for subscription by small shareholders of the company from January 15 to 21, 2006. Out of the 9.54 million shares of the company’s rights issue, some 6.53 million shares were subscribed. ... |
Massi sells Italcementi shares16 January 2006, Published under Cement NewsItalian cement group Italcementi’s Administration and Control Director Dario Massi has sold company shares for a total Euro 662,077 it was reported on January 12, 2006. Massi sold on the market 42,000 shares of Italcementi, a statement of the company read. The transaction was made on January 9, 2006. Italcementi is a subsidiary of Italian diversified holding company Italmobiliare. |
Qassim Cement: profits increase13 January 2006, Published under Cement NewsSaudi cement producer Qassim Cement Company (QCC) posted a net profit of 208.5 mln Saudi riyals (US$55.6m) for the first nine months of 2005, up from 191 mln riyals (US$50.9m) for the year-ago period. Gross profit grew 16.1 per cent to 221.1 mln riyals (US$59m) against January to September 2004. The operating expenses rose by 12 per cent to 80.1 mln riyals (US$21.4m). |