Cement News tagged under: international
German cement giant draws offer14 June 2005, Published under Cement NewsA €6.5bn (US$7.9bn) bid for Germany’s largest cement maker looks destined for success amid a flurry of consolidation in the European construction materials segment, analysts say. German billionaire Adolf Merckle, patriarch of a German family with interests in pharmaceuticals and construction materials, late Friday, June 10, uncovered a €60 per share offer for Heidelberg Cement AG that offers shareholders a 20 per cent premium to the group’s Friday close. Heidelberg declined to comment. ... |
Ciments Francais : Letter of intent for the acquisition of ASEC Cement Company in Egypt14 June 2005, Published under Cement NewsAccording to a Letter of Intent signed with Citadel Capital, an Egyptian investment fund, the Italcementi Group has obtained a 60-day period of exclusivity to draw up a Share Purchase Agreement to acquire the Citadel’s controlling stake in ASEC Cement share capital. The operation is notably subject to a due diligence process. ASEC Cement Company is the 5th largest cement player in Egypt with an annual production capacity of around 4Mt of clinker. The company, which is 68 per cent controll... |
Hanson up on takeover talk after German deal14 June 2005, Published under Cement NewsShares in UK building materials firm Hanson rose 2.5 percent on Monday, a leading gainer in a buoyant European construction and materials sector after a takeover move for Germany’s HeidelbergCement . HeidelbergCement shares shot up 20 per cent after Spohn Cement GmbH made a surprise US$8bn offer for the company on Friday, stirring up speculation of further sector consolidation across Europe. Dealers said France’s Lafarge , up as much as 1.3 per cent, could be a bidder for Hanson. "... |
Spain’s Cementos Portland Valderrivas Invests US$132m14 June 2005, Published under Cement NewsCementos Portland Valderrivas, S.A., the cement company pertaining to one of Spain’s leading construction and service groups Grupo FCC, has opened a new Giant Cement manufacturing plant in Harleyville (South Carolina) requiring an investment of US$132m (€108m). The company has invested a total of €650m in the United States in its operations since arriving in the American market. The new factory of Giant Cement, which replaces the former one, incorporates the latest technological advances... |
Baltsem Reduces Cement production by 23.6%14 June 2005, Published under Cement NewsIn May, the Baltsem plant (Balakliia, Kharkiv region), one of the three major cement producers, reduced cement production by 23.6 per cent or 50,100t compared with May 2004, to 162,400t. This was disclosed in the Ukrtsement association’s statement, text of which Ukrainian News obtained. The association didn’t disclosed any information on clinker production. As Ukrainian News earlier reported, in April, the Baltsem plant increased cement production by 10.8 per cent or 18,400t compared w... |
Turkish Bolu Cimento Q1 2005 Net Profit rises to US$4.3m14 June 2005, Published under Cement NewsTurkish cement and clinker producer Bolu Cimento posted a 5.8m new Turkish lira (US$4.3m/€3.3m) net profit for the first quarter of 2005, compared to 1.68m lira (US$1.3m/€969,000) for the same period of 2004. The company’s net profit margin for the first three months of 2005 rose to 26 pct from eight per cent a year ago. According to a report by brokerage Alan Yatirim, Bolu Cimento will end 2005 with 145m lira (US$107.8m/€83.6m euro) net revenues and a 42m lira (US$31.2m /€24.2m euro) ... |
Argentine cement production up 29 per cent14 June 2005, Published under Cement NewsCement production in Argentina reached 590,000t in May, up 29 per cent from the same month in 2004, local press reported. Production in May was also up 1.1 per cent compared to April of this year. "Our current estimates of 7.1Mt for this year [up 15.5 per cent from 2004] may be surpassed if the current pace is maintained," Reuters quoted Mariela Eli of financial consulting firm Argentine Research as saying. |
Cemex to double size of New Braunfels cement plant14 June 2005, Published under Cement NewsCemex USA plans to double the size of its plant in New Braunfels, a move that will add 21 jobs and that represents the largest business investment in Comal County history. The exact amount of investment in the expansion was not released by company officials, but it will add a large amount of tax base and property tax revenue to Comal County and the Comal School District. The plant’s current holdings are valued at more than US$50m by the Comal Appraisal District. The plant is outside the New ... |
NEC signs agreement with Barah cement factory - Jordan14 June 2005, Published under Cement NewsA consultancy agreement to implement a diesel-generating station with a 20-megawatt capacity was signed on Saturday between the National Electricity Company (NEC) and Barah cement factory, an affiliate to Yemen Cement Public Corporation. NEC Director General Ahmad Hiyasat, said the company’s engineers will supervise the implementation of the station through studying and evaluating the special project offers, reviewing the designs, attending the manufacturers examinations, and inspecting the r... |
Spohn set to buy HeidelbergCement for €6.5bn13 June 2005, Published under Cement NewsSpohn Cement GmbH made a surprise offer to take over HeidelbergCement AG, Germany’s largest cement maker, offering €60 a share in a deal that would be valued at about €6.5bn. Spohn, based in Norderfriedrichskoog in the German state of Schleswig-Holstein, said in a statement Friday the offer to HeidelbergCement shareholders was conditional upon approval from Germany’s cartel office. A spokeswoman for HeidelbergCement confirmed the offer yesterday, but declined to comment further other t... |