Cement News tagged under: corporate
Buzzi Unicem takeover offer for Dyckerhoff31 October 2006, Published under Cement NewsBuzzi Unicem S.p.A. plans to buy out the remaining minority shareholdings in Dyckerhoff AG, in which the Italian company holds the majority stake, Buzzi Unicem announced. The Italian company intends to offer to the minority Dyckerhoff shareholders, that control together 21.4 per cent, 40 euro ($50.88) per ordinary share and 37.5 euro ($47.7) per preference share, which corresponds to a total price of 334m euro ($424.9m). In case of successful acquisition, the German company will be d... |
China Ministry OKs Holcim to increase Huaxin stake-source30 October 2006, Published under Cement NewsChina’s Ministry of Commerce has approved Huaxin Cement Co to issue additional shares to a unit of Switzerland-based cement producer Holcim Ltd, reports the Dow Jones International News. The person, who declined to be named, said the deal still requires approval from the China Securities Regulatory Commission. He didn’t provide further details. In March, Huaxin Cement said it would issue an additional 160m class A shares to the Holcim unit, Holchin BV, which is its second-largest sharehold... |
Holcim still trying to cement deal30 October 2006, Published under Cement NewsTalks are still continuing between global cement producer Holcim Switzerland and Aveng, South Africa’s biggest construction and engineering firm, over Holcim’s plans to sell 85 per cent of its 54 per cent interest in its local cement operations to a black economic empowerment (BEE) consortium for R6.82bn. Aveng is a 46 per cent owner of Holcim South Africa. Richard Savage, Aveng’s chairman, told the company’s general meeting on Friday that both Aveng and Holcim remained committed to transf... |
Fujairah Cement Q3 profit rises 21 per cent30 October 2006, Published under Cement NewsFujairah Cement Q3 profit rises 21 per cent Kuwait-listed Fujairah Cement Industries Co. said third-quarter net profit rose more than 21 per cent to 3.4m dinars (US$11.7m). Earnings per share increased to 12.43fils from 10.2fils, the company said in a statement on the bourse Web site. There are 1000fils to the dinar. Shares of Fujairah Cement last traded 2.74 per cent higher at 375fils. |
Greeces’ Titan Cement net seen rising 34 per cent27 October 2006, Published under Cement NewsGreece’s Titan Cement nine-month group net profits are seen rising 34.2 per cent YoY to EUR209.4m when it announces its results under IFRS on Tuesday as demand increases and it achieves higher prices across most of its markets. In a poll taken by Euro2day.gr Newswire of six leading analysts, nine-month group net profits are forecast in a range of EUR203.5m and EUR216.3m, from EUR156m for the same time last year. Brokers said the companys bottom line will be boosted by strong operat... |
Siam Cement hit hard by fuel prices, Thailand26 October 2006, Published under Cement NewsDespite enjoying growing sales in the first nine months of the year, the Siam Cement Group (SCG) saw its net profits shrink largely due to higher fuel expenses. Kan Trakulhoon, the group president, said the country’s largest industrial conglomerate posted consolidated revenue of THB195.58bn for the nine months to September, a 16% year-on-year increase. However, the group posted a net profit of THB24.77bn for the period, a nine per cent YoY decrease. In addition to the higher energy c... |
TPIPL drop in core earnings YoY, Thailand26 October 2006, Published under Cement NewsTPIPL reported a 3Q06 net profit of Bt772.6m, up 17.3% YoY and 124.7% QoQ from extra gain. Core earnings, which excludes gain on foreign exchange of Bt368.3mn, were Bt391.6mn, down 6.4% YoY but up 143.5% QoQ as 2Q06 was very disappointing. |
Construction begins on Cong Thanh cement plant, Vietnam26 October 2006, Published under Cement NewsConstruction on the Cong Thanh-Nhon Trach cement plant has begun on the Nhon Trach District in Dong Nai Province, announced Nguyen Cong Ly, general director of Dong Nai Sheet Roof & Construction Materials Joint Stock Co. With capital of VND700bn (US$43.75m) for the first phase, the facility covers 11.49ha and will have a capacity of 1Mta. |
Dyckerhoff family places 3.5 per cent stake in Buzzi25 October 2006, Published under Cement NewsThe Dyckerhoff family placed a 3.5 per cent stake in t Buzzi Unicem SpA yesterday, the daily Finanza & Mercati said citing a source close to Buzzi. The 5.6m shares were sold at EUR19.75 each, it added. |
Southern demand boosts India Cements24 October 2006, Published under Cement NewsIndia Cements has posted a net profit of Rs 117.32 crore for the quarter ended September 30, 2006, against Rs 5.85 crore in the corresponding quarter of the previous fiscal. N Srinivasan, vice chairman and managing director, said the record jump in the profit came on the back of improved cement prices propelled by buoyancy in demand in the southern market and through improved cost-control measures. While the buoyancy in cement demand continued with an all-India growth of 9.2 per ce... |