Cement News tagged under: corporate
GBL acquires EUR62.32m worth of Lafarge shares26 March 2008, Published under Cement NewsBelgian Financier Albert Frere’s holding company Groupe Bruxelles Lambert acquired EUR62.32m worth of shares in Lafarge between March 10 and March 14, according to filings with French stock exchange authority AMF Tuesday. According to the filings, GBL acquired EUR8.83m worth of shares March 10, EUR548,500 worth March 11, EUR554,500 worth March 12, EUR1.10m worth March 13, and EUR42.96m worth March 14 on Euronext’s Paris exchange. The AMF also reported that the company acquired EUR8.32 m... |
Holcim (Slovensko) sales slightly lower at Sk3.81bn, Slovakia26 March 2008, Published under Cement NewsSales at Holcim (Slovensko) decreased negligibly to Sk3.81bn last year from Sk3.85bn in 2006, the company has announced. EBITDA increased by 22 per cent. "The year 2007 was influenced by the very mild winter where the early start of the construction season provoked concerns about a shortage of materials. Demand in the second half of the year was in the end lower than expected," the company said in a press release. Holcim (Slovensko) raised cement sale to almost 1.5Mt last year from 1.... |
Texas Industries enters $150m credit pact25 March 2008, Published under Cement NewsTexas Industries Inc said Monday that it entered into an unsecured $150 million senior term loan with a group of lenders. The Dallas cement producer said in a filing with the Securities and Exchange Commission that it may use proceeds from the loan to repay existing debt, for working capital, capital expenditures, and for other general corporate purposes. Texas Industries said the term loan matures in August 2012. |
Lafarge’s Heracles Cement FY net grows 11.4 per cent25 March 2008, Published under Cement NewsLafarge’s Greek unit, Heracles General Cement Company SA, said full year group net profits grew 11.4 per cent YoY to EUR67.8m, weighed down by EUR31.7m in investments. Heracles Cement said the investments were to improve productivity, health, safety levels and environmental performance in the companys facilities. Operating earnings rose 11.3 pct year on year to 134.8 mln eur. as reduced fixed industrial expenses offset significant increases in fuel costs, it added. Group sales... |
Jidong Cement’s net profits surge by 75%17 March 2008, Published under Cement NewsTangshan Jidong Cement Co, Ltd contributed RMB368M in net profits to its parent company in 2007, with the amount surging by 74.94% over 2006, according to the 2007 annual report released by the company on March 11th. Jidong Cement’s total production capacity reached 25Mt last year, with the cement sales volume surging by 30.05% YoY to 17,8826t and the business income rising by 32.58% to RMB3.86bn |
Malaysia’s cement industry downgraded to ’neutral’ after elections14 March 2008, Published under Cement NewsCIMB Research said on Friday it has downgraded the Malaysian cement industry to "neutral" from "overweight" as several big-ticket infrastructure projects could be delayed following the unexpected outcome in the general elections. In its worst-ever electoral showing over the weekend, the ruling coalition lost its two-thirds majority in parliament for the first time in 40 years and unprecedentedly conceded five states to the opposition. The ruling Barisan Nasional (BN) coalition lost the sta... |
ABL arranges Rs13bn for cement company14 March 2008, Published under Cement NewsAllied Bank Limited has arranged multiple financing facilities worth Rs13 billion for Maple Leaf Cement Factory Limited (MLCFL). A signing ceremony was held here the other day to mark the financial close of Rs13bn in multiple syndicated facilities. Allied Bank CEO Mohammad Aftab Manzoor and MLCFL Chairman Tariq Sayeed Saigol attended the ceremony. According to a press release of ABL, Maple Leaf Cement mandated the bank as financial adviser and lead arranger for multiple facilities totallin... |
Vicat chairman passes on the baton12 March 2008, Published under Cement NewsThe family-owned French cement group Vicat announced at its annual results presentation yesterday that its CEO, Jacques Merceron-Vicat, would give up all operational control of the firm at the age of 70, but would stay on as non-executive chairman of the board of directors. The job of chief executive officer will go to Mr Merceron-Vicat’s son-in-law, Guy Sidos. |
Thermo Fisher Scientific expands in South Australia10 March 2008, Published under Cement NewsThermo Fisher Scientific Inc has announced the opening of its new facility in Adelaide, South Australia. Marking a major expansion for the company’s materials and minerals business, the state-of-the-art facility significantly increases Thermo Fisher Scientific’s manufacturing footprint in the region. The new building replaces an existing facility and consolidates analyzer production operations in Adelaide. At today’s building dedication, Thermo Fisher Scientific president and chief executi... |
ABB Switzerland Ltd combines its analyzer and software businesses10 March 2008, Published under Cement NewsABB Switzerland Ltd has announced that it has merged with immediate effect its analyzer and software businesses for the cement industry. The Collaborative Production Management unit now comprises Expert Optimizer, Knowledge Manager and SpectraFlow in one group headed by Dr. Hans-Helmuth Jung. The merger took place to ensure that a full client service can be supplied from one ABB team. The Expert Optimizer (formerly known as LINKman) and Knowledge Manager solutions have a long and successfu... |