Cement News tagged under: corporate
ACC December figures04 January 2006, Published under Cement NewsAssociated Cement Companies Ltd. (ACC), has announced the company’s production and despatch figures for the month of December 2005, as follows: cement production: 1.574Mt, cement despatches: 1.595Mt. April-December 2005 figures are: cement production: 12.974Mt, cement despatches: 13.013Mt |
CRH spends some €1370m on acquisitions in 200504 January 2006, Published under Cement NewsThe bulk of CRH’s acquisition activity last year came to fruition in the second half, when 35 deals totalling around €1200m were completed. Including development capital expenditure, total development spending by CRH amounted to just over €1450m in the year. The largest item was the purchase of a 26.3 per cent stake in the Catalan cement producer Uniland from a number of local families at a cost of about €300m. Uniland, of which the group is a major cement customer, will be treated as an... |
Can Puneet Dalmiya deliver?03 January 2006, Published under Cement NewsKnown for his cosmopolitan style, 32 year old Puneet Dalmiya one of the youngest members of the Dalmiya family, is using his energy to scale up the cement and sugar businesses to global heights. Dalmiya is currently vice-president of Dalmiya Cement Bharat Ltd, the diversified firm involved in making and selling cement and sugar. Dalmiya wants to build a company having American competitiveness but an Indian soul’. He has started using the management skills learnt during his stint at IIM Banga... |
Chumpol Na-Lamlieng retires from Siam Cement01 January 2006, Published under Cement NewsOne of Thailand’s leading industrialists is to retire early from his post as president of the conglomerate: Siam Cement as from the 31 December 2005. In an interview with the Bangkok Post he notes: "A person should know when he/she needs to leave. Leaving when things are all positive is good, and I believe being early is always better," says the 58-year-old Mr Chumpol who had been with Thailand’s largest corporation since 1971 and at the helm for the last 12 years. Mr Chumpol ha... |
TMSF hands over cement plants to new owners01 January 2006, Published under Cement NewsTurkey’s Savings Deposit Insurance Fund (TMSF) handed over four of nine cement factories auctioned off last month to their new owners in a ceremony at the agency’s headquarters in Istanbul on 30 December 2005. The handover followed Turkey’s Competition Board last week approving six out of nine cement factory tenders conducted by TMSF in separate auctions in November. TMSF Chairman Ahmet Ertürk accepted checks from the new owners and congratulated them on their purchases, wishing t... |
Cementos Portland chief increases his holdings01 January 2006, Published under Cement NewsJose Manuel Revuelta, the general manager of Spanish cement firm Cementos Portland, a subsidiary of leading Spanish construction and services group FCC, has bought 500 shares in the firm, or 0.002 per cent, for 34,500 euros. As a result of the operation, Mr Revuelta has increased his stake in Cementos Portland to 0.004 per cent. |
Saudi Yamama Cement to raise capital to US$360m01 January 2006, Published under Cement NewsSaudi cement producer Yamama Cement Company (YCC) will propose a capital increase to 1.35 bn Saudi riyals (US$360m) from 450m riyals (US$120m), according to the company’s managing director, Prince Sultan bin Mohammed bin Saud al-Kabir. The capital hike, to be carried out via a two-for-one bonus issue, will be financed from YCC’s reserves, currently exceeding 1.0 bln riyals ($267m). The capital increase is subject to shareholders’ approval at an extraordinary general m... |
Investor sentiment for Indian cement sector down30 December 2005, Published under Cement NewsInvestor sentiment for the cement industry has been badly hit over the past fortnight and several stocks in this sector have under-performed the Sensex – reports the Business Standard. For example, Gujarat Ambuja Cement has fallen about 3.1 per cent during this period compared to a 0.2 per cent rise on the Sensex. Grasim, too, has dropped about 3.1 per cent during this period and even ACC has fallen by 3.7 per cent. Even stocks of mid-sized players such as Shree Cement ha... |
SCCC sells Karat Faucet stake30 December 2005, Published under Cement NewsSiam City Cement Public Company Limited (SCCC) has sold 2,499,994 ordinary shares of the capital stock of Karat Faucet Co Ltd. (KFC), having the par value of Baht 40 apiece, and caused other six individual KFC shareholders to sell six ordinary KFC shares held by them, adding up to a total of 2,500,000 shares sold, representing 100% of the total KFC authorized, issued and outstanding ordinary shares, for the price of Baht 120 million in aggregate, or Baht 48 per share, to Mr. Montree Tirakot... |
But Son, Bim Son Cement Companies to offer shares30 December 2005, Published under Cement NewsTwo State-owned cement companies of But Son and Bim Son, which are located in northern Ha Nam and Thanh Hoa provinces of Vietnam , will auction 40 million shares at the local bourse shortly, local media reported. The But Son Cement Company is expected to sell its 22 million shares with the starting price of VND11,000 for each share on January 11, 2006 . When the companyswitches to the joint-stock model, its authorised capital will be estimated at VND1.1 tr... |