Cement News tagged under: corporate
Aggregates acquires two concrete operations07 February 2006, Published under Cement NewsAggregate Industries has bought two small companies, acquiring Sitebatch and Roller Compacted Concrete, both based in Bourne, Lincolnshire, for an undisclosed sum. The two firms, which together employ 20 people, provide on-site material mixing services. They will form a sub-division of Aggregates’ surfacing operation Bardon Contracting business and keep their names. Hugh Armitage, Bardon Contracting’s managing director, said: "The acquisition of Sitebatch and Roller Compacted Concrete c... |
CEEM raises stake in Bosnian TCK07 February 2006, Published under Cement NewsThe Netherlands-based asset manager Central & Eastern European Markets Asset Management AG (CEEM) has increased its stake in Bosnian cement producer Tvornica Cementa Kakanj (TCK), majority owned by German cement producer HeidelbergCement AG, to 12.002 per cent, it was reported on February 6, 2006. CEEM purchased 1,137,396 shares in TCK at the average price of 13.1 Bosnian marka ($8.02/6.7 euro) per share in the previous three months. HeidelbergCement AG owns some 82 per cent in TCK. TCK re... |
Gulf Cement 2005 profit increase07 February 2006, Published under Cement NewsUAE cement maker Gulf Cement Company registered a 269 per cent year-on-year increase in net profit in 2005 to 502.5 mln UAE dirhams ($136.8m) the company said on February 5, 2006. According to the company’s financial statements, earnings per share (EPS) rose to 1.42 dirhams ($0.39) for 2005, from 0.54 dirhams ($0.15/0.12 euro) a year ago. The company’s sales grew 15 per cent to 148 mln dirhams ($40.3m). |
Ciments Francais turnover up07 February 2006, Published under Cement NewsCiments Francais, a unit of Italian cement group Italcementi, generated a turnover of Euro 3.595bn in 2005, up 17.5 per cent year-on-year, the company said in a statement on February 3, 2006. The company said that the consolidation of Egyptian cement producer Suez Cement in April 2005 and of Egyptian cement company ASEC Cement Company in August 2005, added Euro 254.6m to its revenue. In the fourth quarter of 2005 Ciments Francais registered a progress in its turnover due mainly to sales... |
Saudi Eastern Province Cement Q307 February 2006, Published under Cement NewsSaudi cement producer Eastern Province Cement Company (EPC) posted a net profit of 74.6 mln Saudi riyals ($19.9m) in the third quarter of 2005, up from 62.8 mln riyals ($16.7m) in the year ago period. The company’s total assets stood at 1.886 bln riyals ($503m), up from 1.42 bln riyals ($379m), while current liabilities increased to 119 mln riyals ($31.7m) from 115 mln riyals ($30.7m). Shareholders’ equity was 1.613 bln riyals ($430 mln/358 mln euro). EPC based in Dammam, eastern Saudi... |
Lafarge bids for remainder of Lafarge North America06 February 2006, Published under Cement NewsLafarge said it is launching an offer for the 46.8 per cent of shares held by minority shareholders in its Lafarge North America unit. It said it will offer US$75 per share for the 35.3m shares. Counting options currently in circulation, the transaction’s total value could reach US$3bn. The offer price represents a 16.7 per cent premium over Friday’s closing price of Lafarge North America. The offer will be launched in about two weeks. Shares of Lafarge Canada, a unit of Lafarge North Ame... |
HeidelbergCement downgraded to ’sell’06 February 2006, Published under Cement NewsShares in HeidelbergCement AG have been downgraded to ’sell’ from ’reduce’ at Dresdner Kleinwort Wasserstein following a strong share price performance, dealers said. Dresdner said HeidelbergCement shares have risen 29 per cent in the past three months due to expectations of a stellar 2005 performance and speculation that Spohn Cement could look to buy out the remaining shareholders at a higher price than the previous offer of EUR 60 per share. The broker expects 2005 should end on a high ... |
Gloomy mood for Thailand06 February 2006, Published under Cement NewsPolitical tensions in Thailand last week derailed a rally in which shares rose as much in January as they did during 2005. Analysts have said that the market is unlikely to get back on track until protests subside. Thailand’s main stock index, the SET, was Asia’s second-worst performer last week, after South Korea’s, because of worries that a weekend protest against Prime Minister Thaksin Shinawatra might turn violent. No major violence was reported. The SET, which rose 6.8 percent last ye... |
Aveng expects earnings jump06 February 2006, Published under Cement NewsAveng, South Africa’s largest construction company, is expecting to report a 40% to 60 per cent jump in headline earnings a share next month for the six months ended December, compared with the same period in 2004. This will mark a substantial improvement following the 69 per cent headline earnings a share increase Aveng recorded in the year ended June. Some analysts were expecting Aveng boss Carl Grim to report better margins in its construction division next month. The division reported a... |
Holcim Croatia acquires quarries03 February 2006, Published under Cement NewsThe Croatian unit of Holcim Group said on Thursday it has fully acquired local gravel and sand quarry IGM Kamenolom Ocura from construction materials producer IGM Lepoglava for an undisclosed sum. "With this acquistion Holcim enters the aggregates business segment in Croatia," Holcim Croatia said in a statement. It added that IGM Kamenolom Ocura will be renamed to Holcim Mineralni Agregati in the middle of February and will continue to operate as a fully-owned subsidiary of Holcim Croatia. ... |