Cement News tagged under: corporate
Akcansa plans acquisitions01 February 2005, Published under Cement NewsMehmet Gocmen, general manager of Akcansa, said that the company planned acquisitions of cement companies in Iraq in the long run. However, the privatisation of the companies would not take place in the coming 1-2 years but at a later time, he noted when speaking to Anadolu News Agency. According Gocmen, due to instability in Iraq, only the companies, which are close to Iraq’s northern border make exports from Turkey viable. When the stability is restored in Iraq, exports to Iraq could... |
Narotam Sekhsaria in focus01 February 2005, Published under Cement NewsSome 24 years ago, Narotam Satyanarayan Sekhsaria, a 33-year-old cotton trader from Gujarat left the family-run business to try his hand in the cement sector. here was a stable demand for cement in the country and there weren’t too many companies producing the commodity at the time. Along with family friends, Suresh and Vinod Neotia, Sekhsaria established Ambuja Cements Private Ltd. He started out by setting up a 700,000tpa plant at Ambuja Nagar in Gujarat. The first bag of cement ... |
Lafarge bids for Himachal plant01 February 2005, Published under Cement NewsLafarge has bid for a Rs.6-billion ($120m) cement plant in Himachal Pradesh. Lafarge, which has submitted a proposal to set up a two-million-tonne plant by exploiting the limestone deposits in the Chopal region, some 100 km from the works. Among the other bidders are Associated Cement Company, Ambuja Cement, JK Cement, Grasim and Madras Cement. According to the state geological department, there are around 900Mt of superior grade limestone deposits in Chopal for producing high quality ... |
Cemex negotiating Hormigonera purchase31 January 2005, Published under Cement NewsCemex may be negotiating the acquisition of Puerto Rico’s (PR) second-largest concrete producer Hormigonera Mayagezana, PR press reported. Other island cement players have voiced their opposition to the supposed deal. "We have heard that Cemex cold be in negotiations to buy Hormigonaera Mayagezana. We oppose this, since Cemex already owns what were the largest cement companies in PR," El Nuevo Da quoted the president of the general contractors association (ACG), Roberto Sabater as say... |
Grasim Q3 net profit rises 32%, beats forecast31 January 2005, Published under Cement NewsIndustries Ltd, India’s top cement group, said on Friday its quarterly profit jumped 32 per cent, beating expectations as a construction boom in Asia’s fourth-biggest economy drove up prices. Grasim, an Aditya Birla group company, said net profit in the fiscal third-quarter ended December 31 rose to Rs 2.17bn (US$50m), compared with a Reuters poll estimate of Rs 2.08bn. It said net sales climbed 17 per cent to Rs 15.6bn. Cement prices in the past quarter were about eight per cent h... |
YTL Expects Avg 20 per cent year profit rise31 January 2005, Published under Cement NewsDiversified YTL Corp will grow profits, revenue and share price about 20 per cent a year up until 2020, Group Managing Director Francis Yeoh says, according to local news reports. "So 20% compounded growth until year 2020. From 2000 to 2004, we averaged 31%.... It’s 31% (growth) in share price, accompanied by profit and turnover," Yeoh is quoted as saying. YTL is one of Malaysia’s biggest conglomerates, with businesses ranging from one of the country’s most lucrative private power pr... |
Lafarge eyes small, medium acquisitions28 January 2005, Published under Cement NewsLafarge has a business model to focus on small- and medium-sized acquisitions, rather than large ones, according to Jean-Jacques Gauthier, the company’s executive VP of finance. Gauthier made the remark during a conference call to discuss 2004 sales, when asked about reports that Lafarge would be eyeing the possible sale of Argentine cement maker Loma Negra. Reports have priced the transaction at US$1bn. Indeed, Lafarge’s focus on smaller acquisitions was made evident earlier this month with ... |
Abdioglu to buy Uzan cement operation?28 January 2005, Published under Cement NewsTurkish Abdioglu Group is interested in acquiring cement operation Trabzon Cimento, previously owned by the controversial Uzan family, the group’s chairman Ali Sefik Abdioglu said on January 26, 2005. If Abdioglu acquires Trabzon Cimento, it will operate the cement factory for five years. After that the group will relocate the plant and will build a shopping mall on its place, Abdioglu said. Abdioglu Group is engaged in coal imports from Russia. |
Eurocement: production up 13 per cent28 January 2005, Published under Cement NewsIn 2004, the Eurocement Group produced more than 9.6Mt of cement, 13 per cent more than in 2003. The group turned out more than 1Mt of bagged products, up 16 per cent year-on-year. The products were dispatched via 18 distribution units to more than 50 Russian regions and abroad. Eurocement Group, Russia’s largest cement holding company, controls 20 per cent of the Russian and 60 per cent of the Moscow cement market. The group incorporates six cement makers, such as Maltsovsky Portlan... |
Indonesian govt postpones Cemex agreement27 January 2005, Published under Cement NewsThe government of Indonesia has postponed the signature of an agreement that could put an end to a long-running dispute with Cemex over the control of the south-east Asian country’s biggest cement maker, PTY Semen Gresik. The government delayed the ratification of the agreement against a backdrop of fierce resistance from the opposition in parliament. Official sources said that the discussions were delayed due to the need of Cemex to obtain approval from its municipal leaders and lawyers on "... |