Cement News tagged under: Corporate
Buzzi Unicem raises stake in Dyckerhoff05 February 2004, Published under Cement NewsItalian cement and concrete company Buzzi Unicem has raised its stake in German counterpart Dyckerhoff to 67.01 per cent, buying a 5.32-per-cent stake from Dutch counterpart Holderfin and an 11.62-per-cent stake from German building company Schwenk, following the exercise of a put option. The total cost of the transaction was Euro108.6m. |
Profits drop at St Lawrence Cement05 February 2004, Published under Cement NewsSt Lawrence Cement Group, Canada, reported lower fourth-quarter profits and sales Wednesday. The Montreal-based cement and construction products producer said it earned $21.8m or 53 cents a share for the the three months ended Dec. 31. That compared with profits of $24.9 million or 61 cents a share for the same 2002 quarter. Sales fell to $321.1 million from $327.2 million. Sales volumes improved for cement, aggregates and concrete, reflecting good demand in all markets. However, that was... |