Cement News tagged under: corporate
Saudi investment fund supports cement projects08 July 2005, Published under Cement NewsSaudi Industrial Development Fund (SIDF) continued its outstanding performance in fiscal 2004 with loan commitments totaling SR3.29 billion, an increase of 20 per cent over last year. Since its inception in 1974, SIDF has approved 2,650 industrial loans with commitments totaling SR48.12 billion. Minister of Finance Dr. Ibrahim Al-Assaf said, "The success of these projects at the business level, which is based on systematic scrutinisation of feasibility studies before approval, played a major... |
China’s Anhui Conch Cement to refund dividend tax07 July 2005, Published under Cement NewsAnhui Conch Cement Co Ltd said they will refund part of the company’s dividend tax to their shareholders. In a statement to the Shanghai Stock Exchange, Anhui Conch Cement said it will refund 0.013 yuan per share in dividend tax on July 13. The company paid its after-tax dividend of 1.04 yuan per share for 2004 on June 15. The announcement follows the release last month of a new government policy which requires investors to pay income tax on only 50 per cent of their stock dividends, inste... |
Eurocement Group reports five month results07 July 2005, Published under Cement NewsSome 7Mt of cement was produced in five months of 2005 by Eurocement Group, of which 874,000t were made in Ukraine by Baltsem and Kramatorsky Cement Plant Pushka. In fact, Eurocement Group now controls 28.4 per cent of the Russian market of cement in Jan-May 2005, the company’ press service said. |
CRH is pushing up Irish cement prices06 July 2005, Published under Cement NewsCRH has spent EUR 168m on acquisitions during the first six months of 2005, seven deals in Europe and 17 in North America. In addition the Dublin-based group announced seven capital expenditure programmes totalling EUR 63m, the two largest of which are in Europe, a new lime kiln in Poland and converting the Podilsky cement works in the Ukraine from gas to solid fuel burning. Both these projects should be completed early in 2007. The acquisition of the Stradal concrete products business from ... |
Taiheiyo 2004/05 shipments up 1.6% to 38.5Mt06 July 2005, Published under Cement NewsTaiheiyo Cement Corporation saw turnover ease by 0.8% to Y72,686m (EUR 6417m) in the year to the 31st of March, with the EBITDA being off by 1.7% at Y88,524m (EUR 651m). However, after taking into account a 10.8% drop in the depreciation and amortisation charge to Y40,399m (EUR 297m), the trading profit did rise by 7.4% to Y48,185m (EUR 354m) and the running profit before tax emerged 8.9% higher at Y38,264m (EUR 281m). An EBITDA margin of 10.1% and a trading margin of 5.5% compare unfavourab... |
Heidelberg investors sell only 0.01% of shares to Spohn last week, Germany06 July 2005, Published under Cement NewsHeidelbergCement AG shareholders holding only 11,611 shares, or 0.01% of voting rights, have accepted Spohn Cement GmbH’s takeover offer in the past week, according to an announcement Spohn placed in Boersen-Zeitung. The offer period ends on July 26. Spohn said it now holds 16.68% of voting rights in the MDAX-listed cement maker, while parties affiliated with Spohn held 10.91% of voting rights. Subsidiaries of affiliated parties hold 3.83% of voting rights. On June 12, Spohn anno... |
Holcim completes compulsory buyout05 July 2005, Published under Cement NewsHolcim Participations (UK) Limited, a wholly owned subsidiary of Holcim Ltd, has now acquired 100 percent of the ordinary shares of Aggregate Industries plc pursuant to the recommended cash offer for the entire ordinary share capital of Aggregate Industries plc announced on January 20, 2005 and the completion of the compulsory buyout process conducted under United Kingdom law. |
Atlas appoints CEO and managing director05 July 2005, Published under Cement NewsAtlas Group Holdings Ltd, Australia, has appointed Dr Martin Foreman as chief executive officer and managing director, effective from July 18, 2005. Dr Foreman has previously held senior positions with cement and concrete materials group Holcim Ltd. He will receive a salary of A$500,000 and a further cash bonus of up to A$500,000 based on increases in earnings per share. Dr Foreman has been granted 2,500,000 performance rights as a long term incentive. Dr Foreman replaces retiring managing... |
Tabuk Cement half-year profit up 26 per cent05 July 2005, Published under Cement NewsSaudi Arabia’s Tabuk Cement reported a 26 per cent rise in first-half profits to 74 million riyals (US$20m). Second-quarter profits were 40 million riyals, up 21 per cent from the same period last year, it said. |
Dutch ING sells stake in Cimpor05 July 2005, Published under Cement NewsDutch bank ING has sold the 3.08 per cent stake it owned in Portuguese cement company Cimpor, thus concluding its involvement in the company, it was reported on July, 1, 2005. BNP Paribas Securities Services, a wholly-owned banking subsidiary of French bank BNP Paribas Group, which acts as a custodian on the Portuguese market for the London Branch of ING Bank NV, owned by Dutch banking and insurance company ING Groep, informed that ING Bank NV, London Branch sold a total 20,684,170 Cimpor sh... |