Cement News tagged under: corporate
Buyers eye Turkish factories08 September 2004, Published under Cement NewsItalcementi SpA unit Ciments Francais has declared its interest in acquiring several factories in Turkey formerly operated by local diversified group Uzan, and which were placed under state control after revelations of an accounting scandal. ’We have expressed our interest in a certain number of these factories,’ Ciments Francais CEO Yves-Rene Nanot said at a press conference. He added that the seized plants were put up for sale by the Turkish government in July. The Uzan group has been a... |
RMC: takeover bid from CRH?08 September 2004, Published under Cement NewsShares in RMC Group PLC gained in early trade as dealers mulled UK news reports that the cement group could soon be on the receiving end of a UK£2.1bn cash bid, worth 800 pence per share. Traders at a merger arbitrage boutique noted that CRH PLC has often been cited as a potential predator for RMC, though the traders also pointed out a shortage of cement in some regions may also be driving RMC shares higher. More informed analysts were however sceptical about any bid for RMC by CRH, ar... |
Gresik to expand cement capacity07 September 2004, Published under Cement NewsIndonesia’s Semen Gresik to expand cement capacity by 5.3Mt - report news sources in Jakarta. State-owned PT Semen Gresik, the country’s largest cement producer, plans to raise its consolidated annual production capacity by 5.3Mt by 2006 from the current 15.88Mt, to meet the expected 10 per cent annual growth in domestic demand, Investor Daily reported, citing a government official. It quoted Benny Wahyudi, director general for chemical, agriculture and forestry industries in the Ministry of... |
Ciment Francais Expects Rise in 2004 Profit07 September 2004, Published under Cement NewsFrench cement maker Ciments Francais SA expects its 2004 net profit to improve as compared to 2003, in view of its financial results for the first half of 2004, the company said on September 7, 2004. The company expects the improvement in spite of the uncertainties about the operating costs connected with the increase of fuel prices, Ciments Francais added. Ciments Francais net profit increased to 123.3 mln euro ($148.7) in the first half of 2004 from 80.5 mln euro ($97.1 mln) in the fi... |
Buzzi Unicem 2004 EBITDA06 September 2004, Published under Cement NewsItalian cement and concrete company Buzzi Unicem will post 2004 earnings before interest, tax, depreciation and amortisation (EBITDA) in line with the 2003 results, company vice president Franco Buzzi said on September 6, 2004. Buzzi Unicem will end the first half of 2004 with results lower than the managers’ forecast, the vice president said. The residual stake of 24.19 per cent in German cements group Dyckerhoff will be bought by the Italian company by the end of September 2004, Buzzi... |
Union Cement’s new name06 September 2004, Published under Cement NewsUnion Cement Corp.’s board has approved a change in the company’s name to Holcim Philippines Inc. after Swiss cement maker Holcim’s affiliate, Cemco Holdings Inc., raised its stake in Union Cement to 51%, at a cost of $150 million. The original level of Cemco’s stake in Union Cement wasn’t disclosed. |
Birla Corp To Take Up Lodha re-appointment06 September 2004, Published under Cement NewsBirla group company — Birla Corporation Ltd would take up the issue of re-appointing Rajendra Lodha as the director of the company, at its annual general meeting (AGM) on September 15, 2004. The proposal would be taken up through an ordinary resolution. Mr Lodha has been on the line of fire from the Birla family after the late MP Birla’s wife Priyamvada Birla bequeathed her assets to Mr Lodha. Mr Lodha who was appointed as director and co-chairman of the company on September 15, 2001 up... |
Republic Cement to issue P1.35-B convertible notes06 September 2004, Published under Cement NewsRepublic Cement Corp. yesterday said it will issue P1.35 billion in convertible loan notes to Lafarge Cement Philippines, Inc. in exchange for its stake in Continental Operating Corp. In a disclosure to the stock exchange, Republic Cement’s Assistant Corporate Secretary Angela D. Edralin said the notes will bear an interest rate of 8% per annum. The notes may, at the option of the holder, be converted into 1.35 billion common shares of Republic Cement any time after five years from the purc... |
Republic Cement to issue P1.35-B convertible notes03 September 2004, Published under Cement NewsRepublic Cement Corp. yesterday said it will issue P1.35 billion in convertible loan notes to Lafarge Cement Philippines, Inc. in exchange for its stake in Continental Operating Corp. In a disclosure to the stock exchange, Republic Cement’s Assistant Corporate Secretary Angela D. Edralin said the notes will bear an interest rate of 8% per annum. The notes may, at the option of the holder, be converted into 1.35 billion common shares of Republic Cement any time after five years from the purc... |
Cementos Alfa Profit up 29.6 pct03 September 2004, Published under Cement NewsSpanish cement maker Cementos Alfa SA posted a net attributable profit of 8.2 mln euro ($10 mln) for the first half of 2004, a 29.6 pct year-on-year increase, the company reported to Spain’s stock market regulator CNMV on September 2, 2004. Cementos Alfa’s turnover increased 11.6 pct to 38.3 mln euro ($46.7 mln) on the back of higher sales of cement and mortar, the company added. Cement sales stood at 33.5 mln euro ($40.8 mln), a rise of 11.1 pct, while sales of mortar jumped 28 pct to ... |