Cement News tagged under: corporate
US reviews Rinker bid04 December 2006, Published under Cement NewsCemex faces a fresh hurdle in its hostile $16 billion bid for Australian building products group Rinker. Rinker has received a request for more information from the anti-trust division of the U.S. Department of Justice, which is reviewing the potential acquisition as both companies compete in the U.S. and do business together there. |
Buzzi Unicem ups offer for German Dyckerhoff01 December 2006, Published under Cement NewsItalian cement and concrete maker Buzzi Unicem S.p.A. has increased its cash offer for German building material maker Dyckerhoff AG to EUR42 per share from EUR40 earlier, Buzzi Unicem and Dyckerhoff said on November 30, 2006. The Italian group now offers 40 euro for Dyckerhoff’s preferred stock compared with EUR37.5 ($49.5) earlier. The offer is valid only if Buzzi Unicem succeeds getting at least 95 per cent of Dyckerhoff basic capital during the acceptance period. According to ... |
West China Cement to raise 22 mln stg ahead of AIM listing30 November 2006, Published under Cement NewsWest China Cement Ltd, a producer and distributor of cement, based in Shaanxi Province in the Peoples’ Republic of China, said it plans to raise 22 mln stg ahead of its admission to AIM, expected on Dec 4. The group operates three cement production lines in the Pucheng area, approximately 150km to the North East of Xi’an, with a combined annual capacity of 1.5Mt. It said the production lines are currently operating at full capacity being approximately 300 days of operations per year. |
Heracles Cement 9-month net profit down 39.1%30 November 2006, Published under Cement NewsGreek cement producer Heracles, majority owned by Lafarge, said on Wednesday nine-month net profit after tax fell 39.1 per cent, due to a one-off gain last year. Heracles said net profit fell to EUR52.5m from EUR86.2m last year, when it had extraordinary income from the refund of EUR44.1m from the Greek state. Nine-month group revenues increased 14.5 per cent to EUR513.1m, due to increased volumes in the domestic sales and higher export prices, which offset a rise in fuel and raw mat... |
Heracles Cement 9-month net profit down 39.1%30 November 2006, Published under Cement NewsGreek cement producer Heracles, majority owned by Lafarge, said on Wednesday nine-month net profit after tax fell 39.1 per cent, due to a one-off gain last year. Heracles said net profit fell to EUR52.5m from EUR86.2m last year, when it had extraordinary income from the refund of EUR44.1m from the Greek state. Nine-month group revenues increased 14.5 per cent to EUR513.1m, due to increased volumes in the domestic sales and higher export prices, which offset a rise in fuel and raw mat... |
Brazil CP Cimentos Seeks financial equilibrium with CCRG sale30 November 2006, Published under Cement NewsWith the sale of local sector company Companhia de Cimento Ribeirao Grande (CCRG), which was finalised on November 27, 2006, Brazil’s cement company CP Cimentos, aims to reestablish its financial equilibrium, CP Cimentos said on November 28, 2006. Despite the sale, CP Cimentos will continue operating in Brazil’s cement segment via its controlled company Cimento Tupi. Cimento Tupi has an annual capacity of 2.4 million tonnes of cement and operates three industrial units - in Volta Redonda... |
Vietnam cement maker raises $44 mln in IPO30 November 2006, Published under Cement NewsVietnam’s Ha Tien Cement Co. No. 1 has raised $44m from selling more than 22 million state shares to domestic investors, the Hanoi stock market said on Thursday. The major cement maker sold all 22,291,500 shares, or 25.62 percent, on offer at an average price of 31,875 dong ($1.98) in an initial public offering on Nov. 27, the Hanoi over-the-counter stock market <.HASTCI> said in a statement. The pricing gave the Ho Chi Minh City-based company an initial market value of $172 million after ... |
Votorantim acquires CCRG29 November 2006, Published under Cement NewsVotorantim Cimentos has acquired from Koranyi Ribeiro family the 95,65% stake held by CP Cimentos in the cement company CCRG (Companhia Cimento Ribeirao Grande) in a deal worth R$425mil payable in six annual instalments. Negotiations took three months and actually is a comeback of Companhia Cimento Ribeirao Grande Votorantim to the control of CCRG sold to CP in 2000, says Walter Schalka, president Votorantim Cimentos, that will add 900,000 mtpy to its current 30.4mil mtpy cement capacity. ... |
Bim Son cement plant gets listed27 November 2006, Published under Cement NewsBim Son Cement Joint Stock Company on Nov. 24 listed more than 90 million shares on the Hanoi Securities Trading Centre under the code BCC. The shares closed the day unchanged at 18,700 VND despite heavy turnover. BCC is the first subsidiary of State-owned Vietnam National Cement Corporation (VNCC) to list on a bourse and the 19th company to join the Hanoi stock exchange. BCC specialises on producing and trading cement, clinker and other building materials. The company expects... |
Egyptian Ameriya Cement US$35.3m net profit27 November 2006, Published under Cement NewsEgyptian company Ameriya Cement booked a consolidated net profit of E£201.8m (US$35.3m) for the first nine months of 2006, up from E£129.3m (US$22.6m) a year earlier, Cairo and Alexandria Stock Exchanges (CASE) said on November 24, 2006. Earlier in November 2006, Ameriya Cement reported a non-consolidated net profit of E£92.1m (US$16.2m) for January to September 2006, up from E£22.4m (US$3.9m) a year earlier. |