Cement News tagged under: international
Buzzi Unicem looks deeper into Eastern Europe15 April 2005, Published under Cement NewsItalian cement maker Buzzi Unicem is studying small acquisitions in eastern Europe, deputy president, Franco Buzzi ,said. The company is also interested in expansion to the Mediterranean region and particularly to Algeria, provided the country makes moves to open its state-dominated economy to privatisation, Franco Buzzi added. Asked about Buzzi Unicem’s medium-term financial targets, Franco Buzzi said the group aimed at an increase in earnings before interest, tax, depreciation and amor... |
Holcim will sanction Garadagh refurbishment15 April 2005, Published under Cement NewsThought to be a year behind schedule, preparations for the overhaul of the cement plant of Garadagh Cement in Baku are coming to fruition. The chairman of the board of Garadagh Cement Uwe Koehler informed Azer-press that the executive board of Holcim was ready to sanction some US$75m of investments in Zurich in June in the refurbishment of the Garadagh Cement plant in Baku. The tender for main projecting contract is in process at present. It involves companies from Denmark, Germany and China... |
Cemex to sell Cementos Bío Bío stake14 April 2005, Published under Cement NewsMexican cement giant Cemex has hired Santander Investment to seek buyers for its 11.9 per cent stake in Chilean cement company Cementos Bío Bío, Chilean newspaper La Tercera reported. Cemex purchased its stake in 1999 for US$34m. The sale, according to sector experts, would be due to the refusal of Cementos’ majority stakeholder - Chile’s Briones group (43%) - to sell its stake, according to the paper. Further, the sale, which could represent US$80m, would be part of Cemex’s reorganizatio... |
Indian market outlook14 April 2005, Published under Cement NewsAccording to Mr Deepak Jain of Anagram Stockbroking, the main trigger for optimism in Indian cement stocks was the expectation of a good Q4 numbers from cement companies. "The seasonality factor makes third and fourth quarters very important for the industry. Normally, they are the best ones for cement companies, as prices remain firm," he added. Renewed interest is also being witnessed in cement stocks after Gujarat Ambuja Cements Ltd announced that its board will consider interim divide... |
New import terminals for Houston14 April 2005, Published under Cement NewsWork has begun on a cement terminal at the Port of Houston that, when completed next spring, will be among the largest such facilities in the country. The terminal is being built on 88 acres by the newly formed Houston Cement Co., a joint venture of Ash Grove Texas and Alamo Cement. Ash Grove Cement Co. and Alamo, both longtime providers to the U.S. construction industry, will mark the terminal’s groundbreaking today. The $42 million-plus facility will help accommodate growing construction m... |
Roadblock on Holcim’s Indian adventure14 April 2005, Published under Cement NewsSwiss cement group Holcim Ltd and an Indian partner have fallen short in their attempt to acquire Associated Cement Companies Ltd., India’s biggest cement maker by sales. The open offer for 50.01 per cent of Associated Cement closed late Monday, April 11, with some shareholders of the target not participating, as they expected their stock to rise. Instead, Holcim and partner Gujarat Ambuja Cements Ltd. added a 20.8 per cent stake to their existing holdings, giving them 34.6 per cent in total... |
Semen Cibinong aims to buy back debt, Indonesia13 April 2005, Published under Cement NewsPT Semen Cibinong said it has set aside US$20m to buy back debt in foreign exchange denomination this year. A company Director Jannus Hutapea told the Surabaya Stock Exchange that the company will use its own funds to buy back the debt. Hutapea said the management of the company wanted the buy back the debt to reduce debt repayment burden and loss on foreign exchange. Semen Cibinong, which has an annnual capacity of 9.7Mt of cement, is 77.33 per cent owned by Holcim Ltd. |
Holcim’s statutory purchase, UK13 April 2005, Published under Cement NewsHolcim Participations (UK) Limited (Holcim UK), a wholly owned subsidiary of Holcim Ltd, has now acquired over 95 per cent of the ordinary shares of Aggregate Industries plc pursuant to the recommended cash offer for the entire ordinary share capital of Aggregate Industries plc announced on January 20, 2005. Holcim UK will shortly implement the statutory procedures to compulsorily acquire the outstanding ordinary shares in Aggregate Industries plc. |
Hungarian News in brief13 April 2005, Published under Cement NewsCement manufacturer Holcim Hungaria Cementipari Rt appointed Robert Uveg marketing and sales manager. Uveg, 29, has been working for Holcim Hungaria since 1999. Holcim Hungaria generated a net revenue of HUF 28.4bn ($149.9m) for 2004, the Hungarian News Digest said on April 8, 2005. The company sold 1.3Mt of cement and 676 cu m of concrete in 2004. |
British Fund buys stake in Spanish Cementos Portland13 April 2005, Published under Cement NewsBritish investment fund Centaurus Alpha Master Fund bought 1.029 per cent in Spanish cement maker Cementos Portland Valderribas SA (Cementos Portland), sources from Spanish stock market said on April 12, 2005. The stake is estimated at EUR 14.57m based on current market prices. Centaurus Alpha Master Fund bought a total 286,413 shares in Cementos Portland. The cement maker is 58.76 per cent owned by Spanish construction and services group Fomento de Construcciones y Contratas SA (FCC). Cem... |