Cement News tagged under: Corporate
St-Gobain extends BPB offer14 November 2005, Published under Cement NewsSaint-Gobain SA said it will extend its offer for UK plasterboard maker BPB, but refrained from raising its GBP3.7 billion bid. The two companies were in talks over the weekend as Saint-Gobain sought BPB’s approval for its 720-pence-a-share offer, which the UK company’s board has rejected, according to a person close to the deal. But Monday, Saint-Gobain made no mention of how the talks had progressed, saying only that it had so far received approval from just 0.71% of BPB shareholders an... |
Republic Bank funds TCL bond14 November 2005, Published under Cement NewsRepublic Finance & Merchant Bank Limited recently provided Trinidad Cement Limited (TCL) with a US$20 million loan and a TT$315 million bond issue. The financing package, which was structured and arranged by the International Finance Corporation in conjunction with Republic Finance and Merchant Bank Limited, will facilitate the expansion and modernisation of TCL’s Jamaican Subsidiary, Caribbean Cement Company Limited (CCCL). According to Cheryl Greaves, Managing Director of Republic Finan... |
Holcim sees integration benefits from acquisitions11 November 2005, Published under Cement NewsIn the first nine months of the year, Holcim increased cement and clinker volume by 7.4 per cent to 83.0Mt. Downstream volumes expanded at a faster rate, largely thanks to the acquisition of Aggregate Industries earlier this year, with ready-mixed concrete deliveries advancing by 28.3 per cent to 28.1m m³ and aggregates shipments rising by 55.8 per cent to 122.3Mt. Turnover rose by 34.0 per cent to SwFr.13,425m (€8661m) and the operating profit at the EBITDA level showed a 25.4 per cen... |
Gharibwal’s on stream by 200811 November 2005, Published under Cement NewsThe new cement plant of Gharibwal Cement Limited will be commissioned and ready for production by 2008. "It will then be in a position to begin payout of dividend to its shareholders", the Gharibwal Cement management informed the Karachi Stock Exchange (KSE) in response to a show-cause notice. Replying to KSE’s show-cause notice, the company said it was unable to declare dividend or bonus shares during the past five years mainly due to critical factors confronting the company. Under the... |
Stake in Savinskiy Cement Plant to be auctioned11 November 2005, Published under Cement NewsThe Arkhangelsk regional department of the Russian Federal Property Fund announced on sale of 38,778 common shares, or 25 per cent of the charter capital of Savinskiy Cement Plant by public offer. According to the Russian Federal Property Fund’s Reforma 132, total par value of stocks is RUR19,389. Starting date for bids submission - December 5, 2005. Deadline for filing bids - January 23, 2006. |
Turkish Akcansa net profit surges11 November 2005, Published under Cement NewsTurkish cement producer Akcansa posted a 89.6 mln new Turkish lira (US$65.87m) net profit, up 58 per cent year-on-year for the first nine months of 2005. The company gross profit margin increased to 29 per cent from 26 per cent. Sales revenue was 308.6 mln lira (US$226.86m). Akcansa is a joint venture between Sabanci and German HeidelbergCement Group, each of them holding a 39.72 per cent stake. A total 20.6 per cent of Akcansa is publicly traded on the Istanbul Stock Exchange (IMKB). |
Florida Rock Industries11 November 2005, Published under Cement NewsFlorida Rock Industries, Inc announced today that its management is unaware of any material, undisclosed development in its business affairs that would account for the unusual market activity in the Company’s stock on November 8th and 9th, 2005. Florida Rock Industries, Inc. is one of the nation’s leading producers of construction aggregates, a major provider of ready-mixed concrete and concrete products in the Southeastern and Mid-Atlantic States and a significant supplier of cement in Flor... |
PPC Audited preliminary report10 November 2005, Published under Cement NewsThe growth in the South African economy and continued high demand in both the residential and non-residential building sectors boosted cement volumes to record levels. This, together with improved operational efficiencies, tight cost control and some price realisation has resulted in a very good performance by the Group for the year. Group revenue increased 16% to R4,0 billion while operating profit rose 29% to R1,5bn on the back of ... |
Lafarge sets price guidance on euro bond -banker10 November 2005, Published under Cement NewsLafarge has set price guidance on its planned EUR500m (US$586.9m) bond due March 2016, a banker familiar with the deal said on Wednesday. The bond will be priced later this week to yield "low 70s" basis points over mid-swaps, the banker said. On Tuesday, an official at one of the banks managing the sale said proceeds would be used for general corporate purposes and to help repay an Oceane convertible bond that matures in January 2006. BNP Paribas, Calyon, HSBC and RBS are managing the... |
Holcim nine-month results beat forecasts on robust internal growth09 November 2005, Published under Cement NewsHolcim Ltd said net profit for the first nine months rose to SwFr1.384bn from SwFr875m a year earlier, beating forecasts on robust internal growth, sales gains and cost savings, which more than offset rising energy costs and price pressure. Analysts had forecast net profit of SwFr 1.127-1.171bn. The Swiss cement producer said in the third quarter it was able to achieve a further substantial improvement in its performance, building on acquisitions and the sound internal growth achieved... |