Cement News tagged under: corporate
Semen Baturaja green light for listing, Indonesia02 February 2012, Published under Cement NewsThe Indonesian government has approved PT Semen Baturaja as the sole state-owned enterprises that can perform an initial public offering in 2012. |
Holcim acquires stake in Cementval Building Materials, Spain02 February 2012, Published under Cement NewsHolcim has acquired a 19.99 per cent of the new venture Cementval Building Materials. The remaining 80.01 per cent is in the hands of Corporation F. Turia. The Valencian Turia Group and Holcim Spain have maintained an association of almost two years in Cementval, (51 per cent by Turia and 49 per cent by Holcim Spain) until last December On 23 January, Holcim acquired its additional stake in the new Cementval set-up. Turia will retain control and management of Cementval, keeping Sebasti... |
Attock Cement profit rises, Pakistan02 February 2012, Published under Cement NewsAttock Cement Pakistan Ltd (APCL) has reported a YoY rise in first-half net profit of 116 per cent due to a rise in prices and an exemption in taxes. The Business Recorder notes that the company posted net profit of to PKR507m for the July-December period of the current fiscal against PKR235m in the same period last year. This translates into earnings per share (EPS) of PKR5.86 this year compared to PKR2.72 last year. Industry analysts are expecting sales to increase in the second half... |
Tianshan Cement to issue new shares, China02 February 2012, Published under Cement NewsXinjian Tianshan Cement, based in Northwestern China’s Xinjiang Uygur Autonomous Region, announced that 100 million of its new shares will be tradable on 3 February, China Business Newswire reports. The company said on 11 January that it would issue no more than 120 million new shares to raise up to CNY2.8bn. After the issuance the company has 488 million shares. |
New Lafarge Romania CEO02 February 2012, Published under Cement NewsLafarge’s Romania unit has announced that Sonia Artinian has been appointed its country CEO as of 1 January 2012. Ms Artinian is responsible for Lafarge’s cement, aggregates and concrete business in Romania, Lafarge Romania said in a press release on Tuesday. Ms Artinian has worked for Lafarge since 2008. She replaces Philippe Questiaux, who had managed Lafarge’s cement activity in Romania for 10 years, the company added. |
Eurocement appointment, Russia02 February 2012, Published under Cement NewsVladimir Petrov has been appointed as General Director of Pikalevskiy Cement, a part of Eurocement Group of Russia. Pikalevskiy Cement operates in the Leningrad region. |
Tebodin opens new China office02 February 2012, Published under Cement NewsConsultant and engineering company, Tebodin, has set up its third office in China, this time in Nanjing, in Eastern China, 300km from Shanghai. Tebodin (Nanjing) Engineering & Design Co, Ltd is the latest addition to Tebodin's global network consisting of approximately 50 offices active in 20 countries. It is the sixth office in Asia Pacific region together with Shanghai in China (2004), Chennai in India (2007), Ho Chi Minh City in Vietnam (2009), Guangzhou in China (2010), and Jakarta in... |
Boral sells Indonesian unit to Siam Cement01 February 2012, Published under Cement NewsAs part of its plan to sell non-core assets, Australian building materials producer, Boral has sold its Indonesian business for US$315m to the Siam Cement Group of Thailand. Boral said it had finalised an agreement with the Thai conglomerate to sell its Indonesian construction materials business. Completion is scheduled for the end of fiscal 2011-12 and the proceeds will be used to pay down debt, Boral said. The sale includes Boral’s concrete, quarry and precast operations, including li... |
New SLV Cement dealer for GCC countries01 February 2012, Published under Cement NewsCachapuz Bilanciai Group has extended the representation of SLV Cement and SLV Platform solutions to new countries in GCC through the Rameez Kalbani FZC company. With this partnership, the SLV Cement solution will be promoted in the United Arab Emirates and Saudi Arabia. Rameez Kalbani FZC is an engineering, consulting and trading company located in Fujairah Free Zone, UAE, and is offering electro-mechancial solutions related to cement plants, steel plants, oil field facilities and win... |
Goldman Sachs keeps "buy" on HeidelbergCement01 February 2012, Published under Cement NewsGoldman Sachs on Tuesday reiterated its "buy" recommendation and EUR43 share price target on HeidelbergCement. Despite the past above-average share price development, the stock remains his favourite in the cement sector, said analyst Will Morgan. The analyst believes that the tailwind from the second half of 2011 will continue also in 2012. Despite an expected slowdown of the growth, HeidelbergCement will be probably able to pass on price increases earlier than competitors. This will be vis... |