Cement News tagged: Corporate
Energy costs impact on Siam Cement
High fuel costs and a slow down in the economy will affect Siam Cement’s performance this year, a report in Krungthep Turakij said. Although demand for cement rose three per cent in the first qu
Cimpor buys into Firmes y Hormigones
Cimpor SGPS said Monday it has acquired 40 per cewnt of Spain’s Firmes y Hormigones SANI for Euro 4.19m. Cimpor also said it had arranged an option to buy, under the same terms, an additional 50
Titan Cement considers bid for Uniland
Titan Cement said it is considering submitting a bid for the acquisition of a 73.7 per cent stake in Spanish cement-maker Uniland worth about Euo 1.5bn. "The estimated price is considered valid," Tita
Madras Cements plans expansion
Madras Cements Ltd said on Monday its board approved setting up a new 2Mta cement plant at a cost of 6.13 billion rupees. The new plant is to be located in Tamil Nadu. The company also plans to set
JK Lakshmi Cement net profit up
JK Lakshmi Cement today reported a 113 per cent growth in its net profit at Rs 55 crore for the fiscal 2005-06, as against Rs 26 crore in the year-ago period. The company’s sales during the peri
Readymix appoints finance director
Irish cement products manufacturer Readymix has appointed Sergio Martinez finance director. He will join the board on June 1 2006.
Prosperity Minerals raises UK 115m
Prosperity Minerals has joined Aim via a placing that raised UK£115m. The Hong Kong-based company was advised by Evolution Securities in its placing of 77.7m shares at 148p with institutional investor
TPI founder Prachai dismissed from board, Thailand
Prachai Leophairatana remains undecided over whether to continue his fight to regain control of Thai Petrochemical Industry or to enter politics.
Lafarge aims for over five per cent underlying sales rise
Lafarge is aiming for underlying sales growth of over five per cent per year but it gave no period for the forecast in slides posted on its website ahead of an annual shareholder meeting on Wednesday.
Holcim places 99.9 per cent of new shares
Holcim has sold 99.9 per cent of the new shares issued under its latest SFr1.7bn rights issue, the Swiss cement maker’s UBS Investment bank announced. In total, 21.055m shares were issued and
Lehman Brothers becomes second largest shareholder in Italcementi
Through its International Europe division, investment bank Lehman Brothers now owns 2.35 per cent of Italcementi, making it the second largest shareholder in the Italian cement and concrete company. T
Egyptian Ameriya Cement net profit up
Egyptian company Ameriya Cement almost doubled its consolidated net profit to 74.1 mln Egyptian pounds (US$12.8m) in the first quarter of 2006, compared to 40 mln pounds (US$6.9m) in the year-ago peri
Frere raises ’friendly’ stake in Lafarge
Lafarge’s future was in further question last night after the investment group run byBelgian financier Albert Frere raised its holding in the France-based cement maker to 10 per cent. Groupe Br
Saudi YCC Q1 2006 net profit up
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 158.7m Saudi riyals ($42.3m) for the first quarter of 2006, down from 102.8m riyals ($27.4 mln/21.5 mln euro) for the same peri
ICI Bank buys 6% stake in Andhra Cement
ICICI Bank has finalised a deal with the GP Goenka group-promoted Andhra Cement (ACL) to pick up a 6% stake in the company for Rs 50 crore.
Belgium’s GBL says has 10 per cent in Lafarge
Belgian holding company Groupe Bruxelles Lambert (GBL) now holds over 10 per cent of Lafarge , according to a statement from Euronext Brussels on Monday.