Cement News tagged: Corporate
Lafarge to invest more in gypsum division
Lafarge said on Monday it would increase its gypsum production by 20 per cent, through an investment of 300 million euros ($362.5m). The world’s biggest cement maker said the expansion would ta
Cemex to split shares on July 1
Cemex said on Friday it will carry out a planned share split to boost liquidity on July 1. Cemex shareholders approved the two-for-one share split at a meeting in April. Under the move, stockholder
Madras Cements’ net up 67%
Despite a 20 per cent increase in power and fuel cost and only a marginal increase in realisation per tonne of cement, Madras Cements Ltd has posted a 67 per cent increase in net profit and a 6.5 per
UAE Union Cement Secures loan
UAE Ras al-Khaimah cement manufacturer Union Cement has secured a $100m loan to be extended by Jordan-based Arab Bank and a number of regional banks, it was reported on June 27, 2005. The loan is to
Hanson expects first half profit advance
Hanson Plc in a trading statement said the company expects to deliver a strong performance for the first half of 2005, continuing progress made in the second half of last year. Operating profit inclu
Podilskyi Tsement Decides To Boost Capital
Shareholders of Podilskyi Tsement company one of Ukraine’s three largest producers of cement, decided at a meeting on May 11 to increase the statutory fund by UAH 59.832 million to UAH 69.804 mi
Cement Association of Canada
François R. Lacroix, President of the Cement Association of Canada (CAC) is pleased to announce that the CAC Board of Directors has selected Mr. Alan Kreisberg as Chairman of the Board, effective May
Philippine exchange lifts trading suspension order
The Philippine stock exchange said trading in shares of Fortune Cement Corp is to resume today after the company submitted additional information on its planned merger with another Philippine cement
HeidelbergCement says Merckle and others will sell shares
HeidelbergCement AG has placed advertisements in the German Boersen-Zeitung stating that Adolf Merckle and the Koetitzer Ledertuch und Wachstuch Werke AG both reduced their shareholding in the cement
Mysore Cement funds
In Calcutta, India, The Mysore Cement board today agreed to raise a maximum of Rs20 crore by way of equity or other instruments to bolster the company’s finances. It will now seek the shareholders’ ap
Heracles sees profits rise
Greek cement producer AGET Heracles, majority-owned by France’s Lafarge, is expected to include in its 2005 financial results an extraordinary profit of Euro 44m it was reported on June 21, 2005
Italcementi Group to invest in three Bulgarian subsidiaries
Italcementi Group will invest $20m in its three subsidiaries in Bulgaria - cement plants Devnya Cement and Vulkan and transport company Lyulyaka, a company official said.
Russian Eurocement Sets Up Subsidiary in Ukraine
Russian major cement producer Eurocement Group set up a subsidiary in Kiev, Ukraine, under the name Eurocement Group-Ukraine, it was reported on June 21, 2005. The new subsidiary will manage the grou
Capital group Cuts Holcim stake
Swiss cement producer Holcim Ltd said that The Capital Group now holds 22,844,158 of its shares. This corresponds to a stake of 9.94%, down from just above 10% previously.
Cemex SA Sees 2Q EBITDA exceeding $970m
Cemex expects to exceed its full-year target of $3.5bn in EBITDA.
CRH ’could face a €5bn takeover bid’
CRH could be "vulnerable" to a takeover bid, according to its stockbroker Davy, which feels that €8 a share is not out of the question.