Cement News tagged under: corporate
Camargo completes Cimpor takeover, Portugal21 June 2012, Published under Cement NewsBrazilian conglomerate Camargo Correa has completed its takeover of Cimpor, now controlling 94.8 per cent of the Portuguese producer, Cimpor said in a statement on the CMVM market regulator's website. The success of the move was largely expected by analysts who will now look at the terms in which the company's assets will be split between Camargo and Votorantim. The deal includes an asset swap with Brazil-based Votorantim, Cimpor's second largest shareholder. Camargo will integrate its Sou... |
JPMorgan sells 2.18m shares in Shanshui Cement, China21 June 2012, Published under Cement NewsJPMorgan Chase & Co has sold 2.18 million shares in China Shanshui Cement Group Ltd at HK$ 5.48 per share on 11 June, media reported, citing information released by the Hong Kong Stock Exchange. |
Change in Executive Board of Gebr Pfeiffer SE20 June 2012, Published under Cement NewsOtto Jung is to retire on 20 June 2012 after nearly 40 years with Gebr Pfeiffer SE. Robert Schnatz will take over Mr Jung’s technical responsibilities on the Executive Board. Otto Jung started his career as a development and project engineer. In 1988 he became head of the projects & sales department and order processing. In 1996 he was appointed to the Executive Board of Gebr. Pfeiffer SE, a position he held for 16 years. During this time, the new MVR mill with MultiDrive® for high capac... |
Hungarian construction down 4.8% in April19 June 2012, Published under Cement NewsOutput of Hungary’s construction sector fell 4.8 per cent YoY in April 2012, data from the Central Statistics Office showed on Monday. The decline was slower than figures recorded in the month before and, according to some industry experts, there could be a return to growth next year. The decline slowed from a steep 12.6 per cent contraction in March and a 15.2 per cent YoY fall in February. Part of the slower decline reflects a low base. January-April output was down 9.3 per cent from ... |
Reliance MF hikes stake in Madras Cements, India19 June 2012, Published under Cement NewsReliance Mutual Fund has increased its stake in India-based producer Madras Cements to just over five per cent with the acquisition of 90,000 shares. With this acquisition on 14 June, the Chennai-based cement maker said the fund house's holding in the company now stands at 5.01 per cent, or 1.193 crore shares, according to a Bombay Stock Exchange filing by Madras Cements. Reliance Mutual Fund is a part of Reliance Capital, the financial services arm of Anil Ambani Group. (Source: Press Tr... |
ContiTech buys British special-purpose belt company, UK19 June 2012, Published under Cement NewsContiTech has strengthened its industrial business in specialised conveyor belts by purchasing Specialised Belting Supplies Ltd, Thetford, UK. This British company has been in the market since 1984 and, with 50 employees, produces primarily steep-angle conveyor belts for the transport of bulk materials including ore, coal or gravel. “The purchase of this profitable and established company is strategically important and opens additional opportunities for us in the growing worldwide market ... |
ANH Refractories appoints senior engineer to target Euro cement market19 June 2012, Published under Cement NewsANH Refractories, based in North West UK, has hired Senior Refractory Engineer Stefan Frank to drive export sales across Europe. He has been charged with kickstarting a new campaign to increase ANH’s profile and drive sales in emerging cement markets in countries including Turkey, Ukraine and Italy. The American owned firm, which has a US turnover of $550m, delivers refractory solutions, services and products to many industries including aluminium, petrochemical, power, incineration, mine... |
Signs of recovery for China’s cement sector18 June 2012, Published under Cement NewsAnalysts at brokerage Daiwa have noted "green shoots of recovery" for China's cement sector. It says growth for infrastructure investment has rebounded for three consecutive months and industry inventory levels are set to fall; "we expect the government's policy loosening to accelerate construction activity, resulting in an uptrend for cement demand and prices starting from 2H12." |
American Starlinger-Sahm appoints new VP18 June 2012, Published under Cement NewsAlfred Rak has joined American Starlinger-Sahm, a 100 per cent subsidiary of Starlinger & Co GmbH of Austria as Vice President of Sales as of 1 March 2012. In his new position, Alfred Rak oversees the entire Starlinger product portfolio for the US and Canadian market. He has over 30 years of experience in international sales and trade an his previous positions have been President and CEO of KEIFEL Technologies Inc, sales and service organisation for European made machinery for KEIFEL and Br... |
Vietnam mineral firm buys 500,000 shares in YenBai Cement, Vietnam18 June 2012, Published under Cement NewsAlatca Mineral Process Exploit JSC has acquired 500,000 shares in YenBai Cement and Minerals JSC (YBC). Accordingly, Alatca has raised its holding in YenBai Cement to 10.34% from zero. |