Cement News tagged under: corporate
Adelaide Brighton predicts 2015 sales gain28 May 2015, Published under Cement NewsAustralian construction materials group Adelaide Brighton says cement and clinker product sales volumes should be "similar to or greater than" levels in the prior year. Lime sales, which declined 7.7 per cent in 2014 after a downturn in the gold sector, were also anticipated to be similar or slightly higher than last year. The group told shareholders at today's annual general meeting that after last year's acquisitions, Adelaide Brighton was expecting to book around $4.4m worth of syn... |
TCL poised for new loan syndication28 May 2015, Published under Cement NewsTrinidad Cement Limited (TCL) is set to launch a US$245m five-year term loan as it seeks to turn a new leaf following the completion of a debt restructuring earlier this year, Reuters reports. Bank meetings in New York today will kick off a syndication being led by Credit Suisse and Citigroup, whose bridge loan to the company is expected to be taken out with this transaction. After failing to bring a debut international bond to market last year, TCL was forced in October to miss a debt pay... |
Holcim and Lafarge seal binding deal with CRH27 May 2015, Published under Cement NewsLafarge and Holcim have now entered a binding agreement with CRH regarding the sale of several assets with an enterprise value of EUR6.5bn. As announced in February 2015, the assets include operations mainly in Europe, Canada, Brazil and the Philippines (see below). The acquisition remains conditional upon successful completion of the merger of Lafarge and Holcim as well as the completion of local asset reorganisations. The acquisition is expected to complete in the second half of 2015. ... |
Future LH Executive Committee finalised27 May 2015, Published under Cement NewsLafarge and Holcim have completed the appointments for the future Executive Committee of LafargeHolcim following a recommendation by Eric Olsen, future CEO of the combined group. The future Executive Committee, under the leadership of Eric Olsen is composed of: • Finance, Thomas Aebischer, currently in charge of Finance at Holcim • Integration, Organization & Human Resources, Jean-Jacques Gauthier, currently in charge of Finance at Lafarge • Europe, Roland Köhler, currently in charge of E... |
Steppe Cement announces retirement of non-executive chairman26 May 2015, Published under Cement NewsSteppe Cement Ltd announced that Malcolm Brown will retire on 28 May 2015 as the non-executive chairman “due to health reasons” and he does not intend to stand for re-election in the forthcoming AGM. Mr Brown has served on the Board for more than six years since December 2008 and as a member of the Audit and Remuneration Committees. He will remain as a shareholder of Steppe Cement. Kazahstan-based Steppe said it is presently searching for an appropriate candidate to replace Malcolm Brown a... |
China Tianrui Group Cement Co to issue CNY500m unsecured short term bills22 May 2015, Published under Cement NewsChina Tianrui Group Cement Co, a leading clinker and cement producer in Henan and Liaoning provinces, has announced that it will issue CNY500m (US$80.7m) unsecured short-term bills with a maturity of 366 days on the interbank market on May 26. The corporation said in a statement that the bills will be issued at the face value, and the coupon rate determined in the process of bookbuilding. Both value date and payment due date is set on 27 May, and the to-be-issued bills tradable on 28 May. ... |
Christian Pfeiffer celebrates 90th anniversary21 May 2015, Published under Cement NewsBeckum-based Christian Pfeiffer celebrated its 90th anniversary on 24 April 2015 with over 200 customers, business partners and employees from 31 countries attending the event. Managing directors Heinrich Obernhuber and Erich Pichlmaier emphasised that Christian Pfeiffer Beckum (CPB) has become a leading worldwide supplier of mill systems for the cement, coal and minerals industries. Over 200 guests celebrate Christian Pfeiffer's 90th anniversary in Beckum, Germany On arrival... |
Lafarge Malaysia first-quarter pretax profit rises, construction outlook 'positive'21 May 2015, Published under Cement NewsLafarge Malaysia Bhd's pretax profit for the first quarter to the end of March 2015 rose to MYR99.36m (US$27.6m) from MYR97.19m in the same quarter of last year. Revenue advanced by three per cent to MYR696.09m versus RM676.63m in the same period of last year due to higher cement and concrete sales in the domestic market on the back of market growth, it said in a filing to Bursa Malaysia today. "The outlook of the construction sector is expected to remain positive this year driven mainl... |
Jaiprakash reportedly in talks to sell Bhilai unit to UltraTech21 May 2015, Published under Cement NewsJaypee Group company Jaiprakash Associates is in talks with UltraTech Cement to sell its 2.2Mta cement plant in Bhilai, Chhattisgarh state, Business Standard report suggests. The Bhilai plant is a joint venture between Jaypee Group (74 per cent stake) and public sector Steel Authority of India (26 per cent). Sources say Ultratech will pay around INR2000 crore in a deal that would lift the company's overall capacity to 67Mta. When asked to comment by Business Standard, a Jaypee Group spokes... |
Holcim Indonesia seeks IDR2.5trn loans for refinancing21 May 2015, Published under Cement NewsHolcim Indonesia is looking for IDR2.5trn (US$189.59m) in loans to refinance its maturing debts and wants to replace foreign-denominated debt to ease the currency burden, according to reports in the Jakara Post. Kent Carson, Holcim Indonesia CFO, aid that the company, expected to have a new loan facility in place in June, either in the form of syndication or a bilateral facility from a mix of local and foreign lenders with a maturity period between three and five years. There will be some... |