Cement News tagged under: corporate
Siam Cement in cardboard venture in Vietnam23 May 2007, Published under Cement NewsRengo Co Ltd is teaming up with Siam Cement Group to set up a cardboard-making venture in Vietnam, the first foray by a Japanese firm into the paper materials business in the Southeast Asian nation, the Nikkei reported, without citing sources. Investment on the project will exceed Yen 3bn the business daily said. Should business expand in the future, Nippon Paper Industries Co, with which Rengo has capital and business ties, may also take an equity stake, the Nikkei said. The new company ... |
Board of Eagle Materials Inc announces dividend23 May 2007, Published under Cement NewsThe board of directors of Eagle Materials Inc which manufactures and distributes cement, gypsum wallboard, recycled paperboard, concrete and aggregates, on 21 May declared a quarterly cash dividend of US$0.20 per share of common stock. The dividend will be payable on 20 July 2007 to stockholders of record at the close of business on 20 June 2007. |
HeidelbergCement to raise Euro 500m capital23 May 2007, Published under Cement NewsHeidelbergCement has decided to carry out a capital increase to raise Euro 500m in cash to partly refinance its takeover of Britain’s Hanson Plc . VEM, part of German billionaire Adolf Merckle’s group, who owns majority control of HeidelbergCement, would subscribe for around 4.4 million new shares at a price of 114 euros per share. "The new shares are entitled to receive dividends for the entire business year 2007," HeidelbergCement said on Tuesday. It expected to receive the proceeds fro... |
Jidong Cement to Issue RMB250M of Shares23 May 2007, Published under Cement NewsJidong Cement’s board of directors approved the company’s proposal to issue shares in private placement, announced the company on May 22nd. The company will issue no more than RMB250M of shares in a bid to raise RMB3bn. The funds raised will be used for construction of ten projects, including a 4,500tpd new dry-process clinker and cement production line and power generation projects in Matishan, Hebei Province. Once complete, the company’s cement production capacity will increase by 16.798... |
Goldsun moves ahead22 May 2007, Published under Cement NewsGoldsun Development & Construction, Taiwan, a local major reinforced cement producer, predicted its shipment in reinforced cement to the mainland China would increase steadily in May due to hot demand from Chinese market. Institutional investors predicted the profits of Goldsun Development & Construction would surpass over NT$100 million in April due to the rise in shipment. The capacity in reinforced cement of the company in the mainland China would increase to double by 2009 after the comm... |
Eagle Materials Inc. declares quarterly dividend22 May 2007, Published under Cement NewsThe Board of Directors of Eagle Materials Inc has declared a quarterly cash dividend of $0.20 per share, payable on July 20, 2007 to stockholders of record of its Common Stock at the close of business on June 20, 2007. Eagle Materials Inc. is a Dallas-based company that manufactures and distributes Cement, Gypsum Wallboard, Recycled Paperboard, Concrete and Aggregates. |
Steppe Cement Limited – financial news22 May 2007, Published under Cement NewsSteppe Cement Limited confirms its final results for the year ended 31 December 2006 as consistent with the preliminary annual results announced on 8 May 2007. The Company has also now finalised its annual report for 2006, which is available at the company website at www.steppecement.com and is being sent to shareholders. |
Chinese approve Lafarge purchase21 May 2007, Published under Cement NewsThe China Security Regulatory Commission (CSRC) has approved the acquisition of Sichuan Shuangma Investment Group, in Mianyang City, Sichuan Province, in southwest China, by Lafarge Shui On Cement Ltd., according to Lafarge sources. Cyrille Ragoucy, CEO of Lafarge Shui On, called it a win-win for both sides, referring to the combination of his company’s management experience and cement manufacturing technology knowledge and Shuangma’s well-trained workforce and market position. He pledged... |
Cementos Argos reduces stake in Tablemac21 May 2007, Published under Cement NewsCement manufacturer Cementos Argos informed that it has reduced its shares in Colombian producer of particleboard Tablemac. Argos has reduced its stake in Tablemac from 21.4 per cent to 5.75 per cent. |
CRH under-valued?21 May 2007, Published under Cement NewsAfter climbing to a handsome high of Euro 36.30 earlier this month largely on the back of widespread rumours of buying by Irish entrepreneurs John Magnier and JP McManus the CRH share price has since fallen back a couple of euro, and in fact ended the week trading at 34.33. This weakening in the CRH share price has occurred despite the very full price recently paid by German company HeidelbergCement for Hanson, the British building materials outfit. Heidelberg is buying into Britain at stg... |