Cement News tagged under: corporate
Sawaris want more from Texas09 October 2008, Published under Cement NewsNassef Sawiris, an Egyptian executive who owns nearly 15 percent of Texas Industries Inc.’s stock, has sent a letter to the company’s shareholders, petitioning them to oust two board directors, including Sam Coats, a former Dallas mayoral candidate. Sawaris wants the Dallas-based cement maker’s shareholders to withhold their votes on Coats and Thomas Ransdell, who are both up for re-election on Oct. 21. Coats is a business and aviation consultant in Dallas. He also was president and CEO of ... |
Mondi Bag Converting invests in bag plant in North Western Europe08 October 2008, Published under Cement NewsOn 3 October 2008 Mondi will inaugurate a new bag converting plant in Belgium. The plant in Tubize with its long tradition of bag production, which goes back to 1928, was closed and production moved 30 kilometres to Mondi Brussels South in Gislenghien, a site well equipped for the future. Between August 2007 and September 2008, the new premises were constructed and machinery was set up. The last production line was transferred and installed on 22 September 2008, and the official opening of ... |
GBL Bought EUR42.62m Worth Of Lafarge Shares Sep 26-3006 October 2008, Published under Cement NewsBelgian Financier Albert Frere’s holding company, Groupe Bruxelles Lambert, bought a total of EUR42.62 million worth of shares in French cement company Lafarge SA (12053.FR) between Sept. 26 and Sept. 30, according to filings Friday with French stock exchange regulator Autorite des Marches Financiers. According to the filings, GBL bought EUR20.52 million worth of shares at EUR76.28 a share Sept. 26; EUR7.47m worth at EUR74.68 a share Sept. 29; and EUR14.63 million worth at EUR73.18 a share ... |
Siberian Cement postpones Turkish purchase03 October 2008, Published under Cement NewsSiberian Cement has postponed plans to purchase assets in Turkey. The purchase may not go ahead at all. September 25, 2008 was supposed to be the closing date for a deal in which Siberian Cement was to buy the Turkish division of Italcementi Group - Set Group (four cement plants, a network of concrete plants, and a terminal at the port of Ambarli in Istanbul; projected capacity 5Mt, market share in Turkey over 7%). But Italcementi announced that closing the deal has been postponed until Oct... |
Texas Industries investor opposes board candidates02 October 2008, Published under Cement NewsThe top shareholder at Texas Industries Inc has vowed to oppose two board members up for re-election at the annual meeting this month, saying he is unhappy with the cement producer’s response to his proposals to further boost his equity stake in the company. Nassef Sawiris, an Egyptian tycoon who holds a nearly 15 per cent stake in Texas Industries, according to regulatory documents, had also sought representation on the company’s board. "I believe that having a new perspective on the comp... |
Italcementi reassures investors02 October 2008, Published under Cement NewsThe CEO of Italian cement and concrete group Italcementi, Carlo Pesenti, spoke to investors in Milan yesterday in order to assure them that the business plan set out for the 2008-2012 period was still within reach. Mr Pesenti was circumspect with regard to predictions of second-half results, saying that the market was fluctuating on a daily basis. The figures from the third quarter should provide indicators of the company’s financial status, however. Overall, the construction sector is in re... |
Mysore Cements sells 103,382 CERs02 October 2008, Published under Cement NewsMysore Cements Ltd said on Wednesday it had sold 103,382 certified emission reductions (CER) on Tuesday under the United Nations Framework Convention on Climate Change. Mysore Cements is a subsidiary of Cementrum, incorporated in the Netherlands and totally controlled by Germany’s Heidelberg Cement Group . |
YTL Cement bonds01 October 2008, Published under Cement NewsThe Securities Commission (SC) has given YTL Cement Bhd more time to carry out the proposed issue of a US$200m (RM688m) five-year guaranteed exchangeable bonds. It will now have until April 4 2009 to complete the proposal, YTL Cement said in a statement to Bursa Malaysia yesterday |
Buzzi Unicem SpA dips 0.3 per cent01 October 2008, Published under Cement NewsBuzzi Unicem SpA, Italy’s eighth largest Construction, Engineering & Materials company by market capitalisation, dipped two Eurocents (or 0.3 per cent) to €7. In the Italian market of 372 stocks, the stock has a six-month relative strength of 30 which means it has underperformed 70 per cent of the market. The stock fell for a third day on Tuesday bringing its three day fall to 50.0 Eurocents or 6.7 per cent. Compared with the MIBTEL Index which fell 110.0 points (or 0.6 per cent) on the day,... |
Cementir Holding SpA increases 2.4 per cent on form volume01 October 2008, Published under Cement NewsCementir Holding SpA, Italy’s fifth largest Construction, Engineering & Materials company by market capitalisation, increased 7.75 Eurocents (or 2.4 per cnet) to €3.36, ending a two-day streak of losses. Compared with the MIBTEL Index which fell 110.0 points (or 0.6 per cent) on the day, this represented a relative price change of 2.9 per cent. The volume was 1.2 times average trading of 227,649 shares. Volatility: The stock traded between an intraday low of €3.27 and two-day high of €3.44... |