Cement News tagged under: corporate
PPC scores all-time peak06 October 2004, Published under Cement NewsA slightly weaker rand and strong confidence in South Africa’s economy helped push stocks higher on Tuesday, with cement producer PPC surging to an all-time peak. Investors have voted with their wallets on bullish prospects for Africa’s biggest economy due to low inflation and healthy growth, sending shares to record highs last week. On Tuesday, more good news emerged when the country’s business confidence rose to record levels in September. The biggest gainer among the blue chips was Preto... |
Kharkov Stroyinvest new concrete plant05 October 2004, Published under Cement NewsKharkov Stroyinvest JSC in the Ukraine started the preparations for a new concrete batching plant, equipment for which was supplied from Germany. A new plant is expected to produce ready-mixed concrete, and then, paving slabs and other products, which are necessary for road-building. The plant is also expected to start-up production of bituminous concrete for pavement, using polymer-bitumen binding components, and also colored bituminous concrete. |
ACC now a Superbrand05 October 2004, Published under Cement NewsACC, India has earned the distinction of being the only cement Superbrand in the country. Superbrands announced its first list of top 100 brands in India and ACC is the only cement brand that figures in this list. Widely regarded as the "Oscars in Branding", Superbrands are the best of the breed and consumers are instinctively aware of their distinction. The superbrands have been selected after a close scrutiny by the Superbrands team and a panel that included eminent personalities from the... |
Wienerberger spends €151m05 October 2004, Published under Cement NewsWienerberger is moving into manufacturing in Great Britain through the acquisition of ten facing brick works from venture capitalists Cinven and Royal Bank of Scotland for €145m and is investing a further €5.9m into the Ockley works that has not been producing for over a year. The business currently styled ‘thebrickbusiness, and formed by the merger of Chelwood Brick (Cinven and Ambion Brick (Royal Bank of Scotland) two years ago will in the future trade as Wienerberger and be back in the h... |
Cementos Molins reduces share capital04 October 2004, Published under Cement NewsAt the company’s annual general meeting, shareholders in Spanish cement producer Cementos Molins have agreed to reduce its share capital by 38.45 per cent, to 19.83 million shares. The share reduction will take place once the takeover bid for shares launched by the company has been completed. |
RATM-Holding acquires stake in Angarskcement04 October 2004, Published under Cement NewsRATM-Holding has acquired a 45 per cent stake in Angarskcement. The new acquisition will allow the holding to boost overall cement output to 2Mt a year. In 2004 Istimtsement, part of RATM-Holding, targets to produce 1.2Mt, while Angarskcement - about 800,000t. As was earlier reported, in early Sep 2004 RATM-Holding acquired a 50.5 per cent stake in Angarskcement, local news sources reported. |
Siam Cement’s annual sales01 October 2004, Published under Cement NewsSiam Cement expects to report increased profits in the third quarter. Although increased oil prices have meant higher expenses for cement production, demand has also increased. The prices of most of the products Siam Cement sells have risen considerably, especially petrochemicals. Siam Cement believes its annual growth rate will be higher than the earlier prediction of ten per cent. Siam Cement does not intend to acquire any other cement companies in the near future. Siam Cement is produ... |
Rinker CEO says on track01 October 2004, Published under Cement NewsAustralian heavy building materials company Rinker Group is still expecting 20 per cent profit growth in the current half year, as demand remains buoyant, its CEO David Clarke said on Thursday. Rinker, which makes about 80 per cent of its revenue in the United States and nearly 40 per cent in Florida alone, was not strongly affected by the recent hurricanes that have lashed the state, he told the 19th annual Merrill Lynch Australasia Investment Conference in New York. With the exception of... |
Cemex prices $291.6 mln note buyback01 October 2004, Published under Cement NewsMexico’s Cemex, the world’s No. 3 cement maker, fixed on Thursday the prices of previously-announced cash tender offers to buy back a total of $291.6 million in debt due in 2006 and 2009. The offers are for all $91.6 million outstanding 2006 notes and for all $200 million outstanding 2009 notes. Cemex said it will pay $1,163.88 and $1,211.10 for each $1,000 of principal of the 2006 and 2009 notes, respectively. Also, note holders who consent to the buyback before noon New York time on Oct.... |
NCC sells Danish ready-mixed business01 October 2004, Published under Cement NewsThe major Nordic construction group NCC has completed its withdrawal from ready-mixed concrete by selling its Danish subsidiary GH Beton A/S for DKr 110m (€15m) to a consortium of three Danish companies, including Randers Cement, the only independent cement importer into Denmark. The other two buyers, Bach Gruppen, a trading company and Deruda International, a housebuilder, are connected and already own DK Beton, which operates a ready-mixed concrete business on Jutland with five batching pl... |