Cement News tagged under: corporate
Peru’s Cementos Lima 2Q net rises19 July 2007, Published under Cement NewsCementos Lima SA posted second-quarter net income of 50 million soles ($15.8 million), up from PEN29.4m in the same quarter last year, the company said Wednesday. Total revenue rose to PEN212.3 million from PEN182.6 million. Cementos Lima is the largest cement producer in Peru. |
Croatian Dalmacijacement Appoints New CEO18 July 2007, Published under Cement NewsTrpimir Renic, 36, has been appointed chief executive officer (CEO) of Croatian cement producer Dalmacijacement, part of Cemex, with effect from July 1, 2007. Renic replaces Juan Carlos Ernesto Rincon Restrepo. |
Cemex offer for Rinker expires17 July 2007, Published under Cement NewsCemex’s takeover of Australian building materials maker Rinker Group has triumphantly expired with only a handful of shareholders resisting the deal. Cemex’s takeover of Australian building materials maker Rinker Group Ltd has triumphantly expired with only a handful of shareholders resisting the deal. At the 7pm expiry on Monday night, those representing 95.62 per cent of outstanding Rinker shares had accepted Cemex’s $US15.85 ($A18.45) per share offer. Cemex, the world’s third largest c... |
Cemex to appeal panel decision on Rinker16 July 2007, Published under Cement NewsCemex has received a rap over the knuckles on the eve of completing its A$17 billion takeover for Rinker Group. The company is appealing against an order issued by the Takeovers Panel late on Friday that it pay up to A$10 million to Rinker shareholders who sold into the bid between April 10 and May 7, when Cemex announced it would allow Rinker shareholders to retain a fully-franked 25c dividend declared by the Australian company. In response to a complaint filed by the Australian Securit... |
China National Building Materials may buy two cement plants16 July 2007, Published under Cement NewsChina National Building Material Company Limited (CNBMC) announced that its parent company, China National Building Material Group Corporation, will acquire at least 90 per cent of Zhejiang Hushan Group Company Limited. CNBMC may exercise its pre-emptive right to replace the parent company to buy the equity of Hushan Group. Hushan Group has three production lines with a daily clinker capacity of 2,500 tonnes each and two production lines with a daily clinker capacity of 1,000 tonnes each... |
Castle Cement rises to capacity challenge16 July 2007, Published under Cement NewsCastle Cement has announced it is increasing production capacity and by 2008 will have an additional 10 per cent output compared to 2006. The news comes as the debate over cement shortages rumbles on but Castle Cement Managing Director, Mike Eberlin, has stressed the company, the country’s second largest supplier of cement, is more than rising to the construction industry’s challenge. He said: "We are committed to manufacturing cement in the UK rather than relying on imports to meet mar... |
Texas Industries hit by wet weather13 July 2007, Published under Cement NewsIn its financial year to the end of May, Texas Industries increased turnover by 5.5% to US$996.25m. At the underlying level, the EBITDA rose by 30.8% to US$174.3m and the trading profit by 86.3% to US$164.6m. At the pre-tax level, a profit of US$150.5m was generated, compared with a loss a year earlier because of debt retirement costs. Cement shipments were affected by wet weather in both the third and fourth quarters, with the result than cement deliveries for the year declined by 1.2% t... |
HeidelbergCement creates board role for Hanson buy13 July 2007, Published under Cement NewsHeidelbergCement plans to appoint a new board member to oversee the integration of Hanson, which it is buying for UK£8bn ($16bn). Dominik von Achten, 41, a managing director at the Boston Consulting Group, will take on the role from October 2007, HeidelbergCement said on Thursday. Heidelberg’s purchase of Hanson is set to create the world’s second-largest company in construction materials and will be the biggest takeover in the sector. Von Achten has previously been involved ... |
Blackstone bids for HeidelbergCement unit10 July 2007, Published under Cement NewsPrivate equity companies including Blackstone and Bain Capital have bid for HeidelbergCement’s ’s maxit unit, Dow Jones Newswires reported, citing unidentified people who know of the negotiations. Other parties interested in the unit, which Germany’s largest cement maker plans to sell to pay for a takeover, include buyout companies TPG Advisors, EQT and CVC Capital Patners [CVC.UL], Dow Jones reported after markets in Europe closed on Monday. A spokeswoman for HeidelbergCement de... |
Taiwan’s Asia Cement June parent sales TWD888.34m vs TWD858.13m10 July 2007, Published under Cement NewsAsia Cement Corp said its parent sales in June rose to TWD888.34m from TWD858.13m in the same month a year earlier. Parent sales in the first six months of the year increased to TWD5.48bn from TWD5.34bn in the year-earlier period, it said. As of 11.35 am, Asia Cement was unchanged at TWD42.25. |