Cement News tagged under: corporate
India: Sagar Cements’ stock jumps Rs15.2 (9.0%) on extraordinary volume05 October 2007, Published under Cement NewsIndia: Sagar Cements’ stock jumps Rs15.2 (9.0%) to Rs185. The volume was 35.0 times normal trading of 8,838. The stock rose for a fourth consecutive day on Friday, its third such streak in the last three months. TRADING FLOOR NEWS The price is at a premium of 17.0% to the 1-month volume weighted average price of Rs157.51. Since open its percentile rank in the NSE market was 99.0. PRICE-VOLUME DYNAMICS The stock traded between an intraday low of Rs168.5 and a high of Rs187. Intraday vola... |
J K Lakshmi Cement diminishes 2.1 per cent05 October 2007, Published under Cement NewsJ K Lakshmi Cement diminishes 2.1 per cent on fragile volume to Rs183.80. Compared with the SENSEX which fell 69.9 points (or 0.4%) on the day, this represented a relative price change of -1.7%. The volume was 0.5 times average trading of 119,706 shares. The stock fell for a second day on Thursday. TRADING FLOOR NEWS The price is at a premium of 7.0% to the 1-month volume weighted average price of Rs171.97. Given that this premium has been under 7.0% sixty-eight times and over 7.0% thirty-s... |
UK laboratory opening05 October 2007, Published under Cement NewsLafarge Cement officially opened its new national laboratory at its Cauldon, Staffordshire, UK plant last week. Local MP Charlotte Atkins unveiled the £2 million facility following its move from Kent last year. |
Ultratech Cement initiated with "underweight"05 October 2007, Published under Cement NewsAnalyst Satish Kumar of Lehman Brothers initiates coverage of Ultratech Cement with an "underweight" rating. The target price is set to INR878. In a research note published this morning, the analyst mentions that the company’s profitability is expected to decline, with the Indian cement industry headed for a situation of overcapacity in FY09 and FY10. Ultratech Cement’s volume expansion and cost control initiatives appear to be too late, the analyst says. |
St Lawrence Cement announces corporate reorganization04 October 2007, Published under Cement NewsFurther to the acquisition by Holcim Ltd of minority interests in the company, St. Lawrence Cement today announced the transfer of its Northeast US assets to Holcim (US) Ltd. and the reorganization of its corporate administrative and information technology services effective January 1, 2008. As a result of this announcement, the company’s Mount Royal office will be closed. The decision affects approximately eighty employees at the corporate head office but does not impact the regional headq... |
Lafarge pours efforts into innovative new R&D facility04 October 2007, Published under Cement NewsLafarge’s has just opened a Euro 10m advanced concrete testing laboratory in France part of which will be used to promote two new specialist products: Extensia and Chronolia, products which accounted for 16 per cent of Lafarge’s total sales of 43.4 mln cubic meters of concrete last year, said Gerard Kuperfarb, head of Lafarge’s aggregates and concrete division. Lafarge aims to raise this share to 30 per cent ’very rapidly,’ and forecasts that eventually specialized concrete will account for... |
Cementos Portland to pay interim dividend04 October 2007, Published under Cement NewsSpanish cement producing company Cementos Portland Valderrivas, part of local construction and services group FCC, will pay a gross interim dividend of 1.11 euro ($1.57) per share as of November 15, 2007 on the 2007 earnings, the company said on October 3, 2007. The dividend is 2.8 pct higher than the one paid in November 2006. This figure translates into a total 30.89 mln euro ($43.75 mln) to be distributed among 27.83 million shares. Cementos Portland Valderrivas posted a 43 mln euro ($60... |
Eagle Materials sells paper04 October 2007, Published under Cement NewsEagle Materials Inc disclosed Wednesday that it sold US$200 million in senior unsecured notes in a private transaction Tuesday. The Dallas-based supplier of cement, gypsum wallboard, and recycled paperboard and construction aggregates used some of the sale proceeds to repay borrowings under its bank credit facility, according to a Securities and Exchange Commission filing. The remaining proceeds from Tuesday’s sale will be used for general corporate purposes, including capital projects. Shar... |
FCC looks to acquire US companies for expansion04 October 2007, Published under Cement NewsFomento de Construcciones y Contratas SA is looking to acquire companies in the US as part of an expansion plan for its core businesses in that country, Expansion reported, citing comments from CEO Rafael Montes during a recent visit to New York. Regarding whether the US property crisis is hitting the Spanish builder’s cement operations, the CEO said: "We sell all the cement we make" there. For its Global Via concessions joint venture with Caja Madrid, Montes said he sees opportunities in ... |
Cement companies review Orissa limestone reserves03 October 2007, Published under Cement NewsIndian Cement manufacturers such as Shree Cement Ltd, JK Cement Ltd and Binani Cement Ltd are looking at applying for limestone reserves in Orissa state. These firms had also expressed interest in forming a joint venture with National Aluminium Co. (Nalco) to install a grinding unit to manufacture fly-ash cement in Angur in Orissa. “Right now, we can only set up a grinding unit. Once we get a go ahead to put grinding unit from Nalco, we will ask Orissa government for limestone reserves,” sa... |