Cement News tagged under: corporate
Heidelberg blinks19 December 2006, Published under Cement NewsHeidelbergCement has agreed to pay the non-compete fees to all shareholders who participate in its open offer if its petition to the Securities Appellate Tribunal (SAT) challenging a Sebi directive is rejected. The fees were originally meant for the existing promoters of Mysore Cements. The German company on Monday received a go ahead from the SAT to kick-off its open offer provided it was ready to pay the additional Rs 14.50 per share, the non-compete fees, to all shareholders whose sha... |
Portuguese CGD Holds 2.08 per cent in Cimpor19 December 2006, Published under Cement NewsPortuguese largest, state-owned bank Caixa Geral de Depositos (CGD) controls directly and indirectly 2.08 per cent of the share capital of Cimpor. The bank is the owner of a total 13,977,706 Cimpor shares, corresponding to 2.0886 pct of the voting rights in the company, the cement producer said in a statement to Portugal’s national bourse regulator CMVM on December 15, 2006. CGD’s direct stake in Cimpor corresponds to 1.9907 pct of the voting rights, while shares controlled indirectl... |
Cemex sees 4th quarter sales near US$4.3bn19 December 2006, Published under Cement NewsMexico’s Cemex said on Monday it expects fourth-quarter sales to rise 9 percent from a year ago to $4.3bn, with solid operations at home offsetting weak U.S. sales. Cemex said earnings before interest, taxes, depreciation and amortization, or EBITDA, would be about $930m for the October-December period, a rise of 3 per cent from a year earlier. It also said it sees its operating profit jumping 22 per cent in the fourth quarter to about $620m. Cemex said its Mexican cement sales v... |
GCC improves debt profile18 December 2006, Published under Cement NewsGrupo Cementos de Chihuahua S.A. de C.V. (GCC) announced that it has fully repaid its $1,200m peso bond that was issued and placed in the domestic Mexican market in December 2001. In addition, GCC drew down the remaining US$160m from its 7-year, US$250m syndicated loan that was obtained in August 2006. Of that amount, US$130m was used to repay the $1,200m pesos under a "cross-currency swap", while the remainder will finance, in part, the investment in the new cement plant under construct... |
Portland to Sell More Shares18 December 2006, Published under Cement NewsInvestment Secretary Esther Koimett is expected to kick-start the process that will culminate in sale of more East African Portland Cement Company shares at the bourse. Lafarge, the owners of Bamburi, and the Treasury have agreed to let go some of their shares, PS Trade and Industry David Nalo told reporters. East African Portland acting managing director Ndegwa Kagio confers with general manager Caleb Kapten during the 76th annual general meeting of the company yesterday. Photo/Peterson... |
Lafarge speculation wanes as Frere stake mounts Lafarge Speculation Wanes As Frere Stake Mounts18 December 2006, Published under Cement NewsBelgian investor Albert Frere continues to ease his holding in French cement giant Lafarge SA upwards but a full-blown takeover attempt would be out of character with analysts saying there’s still plenty of steam behind Lafarge’s shares as the company continues to profit from the strong global demand for building materials. Lafarge shares climbed just 0.6% Monday on news that Frere’s Groupe Bruxelles Lambert (GBLB.BT) had again raised its Lafarge stake. That gain contrasted with the much... |
TAIM-TFG takes over Weser Engineering13 December 2006, Published under Cement NewsTAIM-TFG is making progress on its strategy of positioning itself internationally through the takeover of the company Weser Engineering GmbH. This move will allow the company from Aragón to increase its turnover by 20%, reinforce its market presence in Central European countries, and increase its technological capacity. Last 12th September the take over was completed, which resulted in TAIM-TFG SA acquiring 100% of the shares of the German company Weser Engineering GmbH., until then a subs... |
China’s Anhui Conch shareholders approve proposal to buy parent’s assets13 December 2006, Published under Cement NewsAnhui Conch Cement Co Ltd said its shareholders have approved a proposal to issue 22.76m new A-shares at 13.30 yuan each to buy three units from parent Anhui Conch Cement Group. Earlier, the company said it planned to issue new shares to buy 100 pct of Anhui Ningchang Plastic Packaging Co Ltd, 100 per cent of Shanghai Conch Construction Material International Trade Co Ltd and 75 per cent of Wuhu Conch Plastic Products Co Ltd - assets which are together worth about 302.64m yuan. |
Improving Prosperity for some13 December 2006, Published under Cement NewsProsperity Minerals Holdings the cement manufacturing and iron ore trading group which operates in China (PRC), has announced its results for the six months ended 30 September 2006. Cement manufacturing generated total segment results (operating profit prior to administrative expenses) of US$10.2m. Total cement and clinker sales were 2.8Mt at Yingde Dragon Mountain Cement Company Limited (Prosperity acquired 100% of Yingde Dragon Mountain Cement Company Limited on 13 April 2006) and 2.5Mt a... |
Groupe Bruxelles Lambert ups Lafarge stake to 15 per cent12 December 2006, Published under Cement NewsBelgian holding Groupe Bruxelles Lambert has raised its stake in French cement giant Lafarge to 15 per cent, French market regulator AMF said in a statement. GBL, part-owned by Belgian billionaire Albert Frere, now owns 15 per cent of Lafarge’s share capital and 14.13 per cent of its voting rights. It previously owned 11.3 per cent of Lafarge. The news come hot on the heel of reports that Frere had sold its 6.1 percent stake in French construction and transport concessions firm Eiffa... |