Cement News tagged under: corporate
Chia Hsin Cementwithdrawal listing on 8 Jan02 January 2008, Published under Cement NewsTCC International Holdings (TCCIH) and Chia Hsin Cement Greater China (CHCGC) said trading in CHCGC shares was suspended with effect from 31 October 2007 and will remain suspended until the withdrawal of the listing of the CHCGC shares following completion of the compulsory acquisition of the outstanding CHCGC shares. If the compulsory acquisition of the outstanding CHCGC shares by TCCIH is completed on 7January 2008, the listing of the CHCGC shares on the Stock Exchange will be withdr... |
Arabian Cement of Saudi Arabia launches rights issue02 January 2008, Published under Cement NewsArabian Cement of Saudi Arabia said on Saturday it will sell SAR500m (US$133.3m) worth of shares to its shareholders in a 14.3 per cent capital increase, it said on Saturday. Arabian Cement, one of the smallest listed cement firms by market value, started listing subscribers on Saturday and will close on Jan. 7, it said in a statement on the bourse’s website. The company will sell 10 million new shares at 50 riyals each. Its stock closed on Saturday at 92 riyals. The issue will ... |
Burnpur Cement to list on Thursday02 January 2008, Published under Cement NewsEquity shares of Burnpur Cement Ltd will list on Bombay Stock Exchange in the B1 Group of securities from Thursday, January 3. The stock will also list on the National Stock Exchange the same day. The initial public offer of 4,30,04,363 equity shares was subscribed 15.19 times, with the company receiving applications worth Rs 399.11 crore against the IPO size of Rs 26.28 crore (Rs 10 share at premium of Rs 2 per share). Burnpur Cement plans setting up an 800 tonne per day capacity clinkeri... |
CRH to post E1.9bn full-year profit02 January 2008, Published under Cement NewsCRH is likely to post a pre-tax profit of around E1.9 billion for the full year 2007 when it reports tomorrow, a Davy Research note said today. Davy is forecasting E1908.6m, 19pc ahead of 2006 and approximately one per cent ahead of consensus estimates. Of this, approximately 7pc is organic with the balance coming from acquisitions completed in 2006 and 2007, Davy said. However, Davy is predicting losses at key US division due to the US sub-prime crisis and the slump in domestic housing. ... |
Taiwan Cement, Asia Cement See Earnings Jump in Mainland China02 January 2008, Published under Cement NewsAfter years of effort to extend operations to China, Taiwan’s two leading cement conglomerates, including Taiwan Cement Corporation and Asia Cement Corporation, are generating considerable profits from operations on the mainland. Both Taiwan Cement and Asia Cement are expected to realise sizable improvements in earnings in the mainland in 2008. Their production in the mainland will challenge that in Taiwan for the first time in 2008. Both companies will very likely see earnings in the ... |
Titan buys ready mix units30 December 2007, Published under Cement NewsGreece’s Titan Cement said that its Interbeton Construction Materials has signed an agreement to acquire 100 per cent of ready mix cement company Domiki Kritis for an unspecified amount. In an announcement on its website, Titan said that the shares will be transferred on Jan 15 and that it will undertake management soon after. Moreover, ’the acquisition is not expected to materially affect Titan Group financial statements,’ it added. Titan also noted that Domiki Kritis is based in Heraklion... |
Arabian Cement to sell shares30 December 2007, Published under Cement NewsArabian Cement, Saudi Arabia said the sale of shares in a 14.3% capital increase will raise its paid-up capital to $213.4 million. The company will sell 500 million riyals ($133.3 million) worth of shares to its shareholders. Arabian Cement, one of the smallest listed cement firms by market value, started listing subscribers on Saturday and will close on January 7, it said in a statement on the bourse’s website. The company will sell 10 million new shares at 50 riyals each. Its stock closed... |
Lafarge still stalls on Azer plant30 December 2007, Published under Cement NewsNo progress has been reached in cement factory negotiations between Azerbaijan Investment Company and France’s Lafarge despite they signed a preliminary protocol on the occasion. AIC chief executive Anar Akhundov said that in December the Lafarge mission failed to accord finally all the issues surrounding future factory location. “In January the French company will send another mission to Azerbaijan to go on relevant discussion,” Akhundov emphasized. Lafarge has finally declined the use of ... |
Locals win Holcim stake30 December 2007, Published under Cement NewsThe Azerbaijan Investment Company ((AIC) has reached an agreement with the shareholders of the Garadagh Cement Joint Stock Company, on the purchase of 10%-share in the cement factory’s statutory capital, Anar Akhundov, the Executive Director of the AIC, stated on 27 December. On 25 Dec, the major shareholder of Garadagh Cement, Holcim, presented to the AIC, a last variant of the draft contract. According to Anar Akhundov, a contract on purchase of 10%-share will be probably be signed in Ja... |
Taiwan shares boost26 December 2007, Published under Cement NewsTaiwan shares rose Tuesday for the third-consecutive session led by food and cement gains. The Weighted Price Index of the Taiwan Stock Exchange rose 31.59 points, or 0.4 percent, to close at 8167.07 points. The cement subindex gained 3 percent on year-end window dressing. Taiwan Cement went up 2.9 percent to NT$46.15. "The market is expected to rally further as concerns over the U.S. economy next year eased a bit, given recent economic data," said Fubon Securities trader Edward Lien. |