Cement News tagged under: corporate
HeidelbergCement: turnover in Romania Up 22 per cent03 February 2006, Published under Cement NewsThe Romanian unit of German building materials and cement maker HeidelbergCement said on Thursday it registered a rise of more than 22 per cent in consolidated turnover to some Euro 194m last year from its three Romanian divisions. "Last year’s rise is due mainly to the big construction works that followed the floods. The cement market also rose by some eight per cent, and the favourable weather conditions allowed the construction works to continue until December. Cement sales rose 10 per c... |
Adana Cimento plans investment this year03 February 2006, Published under Cement NewsAdana Cimento, Turkey announced that it plans to undertake TRY 9.6m investment this year. In 2006, the company projects 2.2Mt of clinker and 2.6Mt of cement production. According to the statement released by the company, clinker and cement sales will be 268,000t and 2.6Mt in 2006, respectively. |
OCL profits climb higher03 February 2006, Published under Cement NewsThe OCL India Ltd, engaged in production and marketing of cement and sponge iron has recorded an increase of 17 per cent in its turnover at Rs 461.78 crore and a net profit of Rs 26.23 crore which was 40 per cent more than the corresponding period of nine months last year. A release issued by the company said that cement, refractory and sponge iron productions were also higher by 19 per cent, 13 per cent and 10 per cent respectively during the current period. The commissioning of the 3rd c... |
Chettinad Cement board to consider amalgamation proposal03 February 2006, Published under Cement NewsChettinad Cement Corporation Ltd., has informed the Mumbai stock exchange that a meeting of the board of directors of the company will be held on February 9, 2006, to consider the proposal for amalgamation of Alagappa Cements Pvt Ltd, and Valliammai Limes Pvt Ltd, with the company. The above two companies are wholly owned subsidiaries (WOS) of the company. |
CRH enjoys improving market conditions02 February 2006, Published under Cement NewsCRH stocks continue to improve and gained 39 cent to €25.89. CRH was buoyed by strong fourth quarter figures from its US competitor Vulcan Materials, which was upbeat about its prospects in the current year. It expects construction spending to remain strong and that road construction should benefit from higher federal spending and improving state and local tax receipts, which augurs well for CRH (reports the Irish Times). |
DG Khan Cement to get low-rate loan soon02 February 2006, Published under Cement NewsDG Khan Cement, to help trimming its financial charges, has entered into an agreement with a consortium of lenders in the country for converting its foreign currency loan into rupee loan, as it is less expensive (reports the Business Recorder) According to sources close to capital market, the cement maker would acquire the loan of Euro 35m soon, as the company is reaching its financial close. The loan, to be acquired by DG Khan, would help the entity to pay off substantial rupee loans recei... |
UAE National Cement cash dividend02 February 2006, Published under Cement NewsThe board of directors of UAE Dubai-based National Cement Company has recommended a 50 per cent cash dividend for 2005, it was reported on February 1, 2006. The board also proposed a one-for-one bonus issue. The two proposals are subject to shareholder approval at a meeting on March 4, 2006. National Cement Co was established as a pubic joint stock company in 1968 in Dubai. The company has an annual capacity of some 1.5Mt of cement. |
Cimpor surges as placing sparks consolidation talk02 February 2006, Published under Cement NewsShares in Portuguese cement company Cimpor surged to a nearly five-year high on Wednesday as the sale of about 4.5 per cent of its stock sparked speculation that stakeholdings may be being consolidated. Cimpor hit Euro 5.05, its highest level since mid-2001, before paring gains. Volume was 30.5 million shares, including a 30-million-share block sale at Euro 4.80. "The market is starting to speculate that this sale has to do with shareholder consolidation," a trader said. Builder Teixeira Du... |
Spohn Cement applies for tender call exemption02 February 2006, Published under Cement NewsTurkish cement company Akcansa announced that Spohn Cement GmbH applied to the capital markets for an tender call exemption on Akcansa shares. The statement released by Akcansa also noted that Spohn Cement increased its stake in HeidelbergCement AG, which holds 39.72 per cent share in Akcansa, to 67.8 per cent from 31.45 per cent. |
Dalmia Cement to raise cash02 February 2006, Published under Cement NewsDalmia Cement (Bharat) Ltd plans to raise up to Rs 700 crore through the issue of securities. The money, according to a company’s communication to the stock exchange, is to be used to fund its proposed expansion. The company will seek its shareholders’ nod at an extraordinary general meeting to be held on February 22. Dalmia Cement will look at various options, including preferential allotment of shares, foreign currency convertible bonds or global depository shares, to raise the money. Whe... |