Cement News tagged under: international
Grasim exempted from open offer for CemCo21 January 2004, Published under Cement NewsThe Securities and Exchange Board of India (SEBI) has exempted Grasim Ltd from having to make an open offer for CemCo, the cement company proposed to be demerged from L&T, and whose majority stake is to be acquired by Grasim, under an agreement between Grasim and L&T. "The acquisition by Grasim of the shares of the unlisted target company i.e., CemCo in terms of the scheme of arrangement prior to the listing of shares of Cemco would be exempt under regulations of the SEBI (Substantial Acquis... |
Ukraine cement production up by 77.7 per cent21 January 2004, Published under Cement NewsIn December 2003, cement production rose by 77.7 per cent compared with December 2002, to 512,000t This was disclosed by the State Statistics Committee. In 2003, cement production rose by 24.7 per cent compared with 2002, to 8,916,000t. As Ukrainian News earlier reported, in November production of cement rose by 28.1 per cent compared with November 2002, to 645,000t. In 2002, cement production increased by 23.5 per cent compared with 2001, to 7,142,000t. Industry annual capacity is preen... |
Swiss Holcim to Invest Euro 2.8m in its Beloizvorski facilities21 January 2004, Published under Cement NewsHolcim will invest 5.5 mln Bulgarian levs (Euro2.8m) in its Bulgarian subsidiary, cement maker Beloizvorski Cement in 2004, the managing director of Beloizvorski Cement, Todor Kostov, said on January 20, 2004. The bulk of the funding will be invested by February 2004 when Beloizvorski Cement is scheduled to complete planned repair and resume cement production. The money will be spent on the repair of Beloizvorski Cement's boiler and on the introduction of a tyre incineration facility, Kostov... |
India Associated Cement possible merger With Idcol20 January 2004, Published under Cement NewsAssociated Cement Companies Ltd (ACC), India's second-largest cement maker, said Tuesday it is considering to merge unit Idcol Cement Ltd. with the company. In a filing with the stock exchange, ACC said it is likely to decide on the merger at a board meeting scheduled Jan. 23. ACC had recently bought an 86.79 per cent stake in Idcol Cement for 1.76 billion rupees ($1=INR45.42). |
Centex Construction Q3 profit rise20 January 2004, Published under Cement NewsCentex Construction Products Inc said its quarterly profit rose 17 per cent, boosted by increased earnings from its gypsum wallboard and concrete and aggregates units and lower interest expense. The Dallas-based company said net earnings in the third quarter ended December were US$18.0m, or 95 cents per share, compared with US$15.4m, or 83 cents in the year-earlier quarter. Centex Construction, which was spun off from homebuilder Centex Corp said revenue in the quarter climbed 19 percent to... |
Barros key to AdBri bid20 January 2004, Published under Cement NewsAustralian building materials company, Boral, continues to negotiate the takeover of Adelaide Brighton. Boral has increased its bid for the cement company by $A0.05 to $A1.60. This values the business at about $A870 million with $A200 million in debt. The new offer is supported by the four independent directors. Boral is holding talks with the Barro family of Melbourne, who hold a 10 per cent stake. The offer is conditional on gaining 90 per cent control. UK company, RMC, holds 15 per cent b... |
Dontsement cuts output20 January 2004, Published under Cement NewsIn October-December 2003, cement production company Dontsement (Amvrosiivka, Donetsk region) reduced its production volume by 17.5 per cent from July-September. According to Ukranian news sources, in October-December, the company cut the production of cement by 24.8 per cent compared with July-September, or by 44,700t, to 135,900t. In October-December 2002, the plant was standing idle. "Production was reduced... One kiln has been working since November.... Another was closed for repair," th... |
News from Eurocement20 January 2004, Published under Cement NewsSavinsky Cement Works (Arkhangelsk Region) has made 700,000 tons of cement in 2003, 41 per cent up on year, according to Eurocement which controls the enterprise. Cement output increased by over 40 per cent to 138,000t. The 2004 target is to make 1Mt, 77 per cent of the projected capacity of the works (1.3Mta). Meanwhile Mikhailovcement, also part of the Eurocement holding company, produced 1.7Mt of cement in 2003, 272,000t more than in 2002. Mikhailovcement products entered construction ... |
Vinaconex to invest over US$3bn20 January 2004, Published under Cement NewsThe Vietnam Import and Export Corporation (Vinaconex) will invest more than 3 billion USD to implementing 11 major projects and 30 small-and medium-sized projects. Included are a 4,000-billion VND project to expand the Lang-Hoa Lac express way, a project to supply water for urban areas of Son Tay, Hoa Lac-Mieu Mon-Ha Noi, and Ha Dong with a total investment capital of 168 million USD; a 4,700 billion VND project to build the Cam Pha cement plant. In addition, construction of a hydro-electri... |
TPI Polene`s share offering snapped up20 January 2004, Published under Cement NewsTPI Polene Plc (TPIPL)'s 300 million capital-increase shares sold out early on the first day of subscription yesterday, highlighting the prevailing frenzy for shares. Investors gave an overwhelming welcome to TPIPL's share sale because of its offering price of Bt37 - well below the market price, an underwriter said. TPIPL's shares closed at Bt50 on January 9 and are suspended until the second trading session on Monday. The company's stunning performance in 2003 also gave a big boost to the... |