Cement News tagged: Corporate
Gujarat Ambuja Mulls Bonus, tock Split (is considering a stock split for the first time)
Gujarat Ambuja Cements Ltd (GACL) will consider a bonus issue of equity shares
Cementir to boost dividend by 2008
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, targets to raise its dividend to Euro 0.12 per share from Euro 0.7 per share paid for 2004, company chairman Fran
Egypt’s Gazelle seeks stake in South Valley Cement
Gazelle Ltd Company, a private Egyptian firm, has offered to buy 29.39 per cent of South Valley Cement at 22.60 Egyptian pounds ($3.90) a share, the stock exchange said in a statement on Thursday.
UAE Gulf Cement approves bonus
The extraordinary general shareholders’ meeting of UAE cement maker Gulf Cement Company approved on April 13, 2005 a 20 per cent bonus issue for 2004, which is to raise the company’s paid-
Cemex begins bond auction
Cemex began auctioning Wednesday bonds worth a total of 3.75bn pesos (US$339m), the company reported to the Mexico City bourse (BMV).
Saudi Tabuk Cement
Saudi cement producer Tabuk Cement Company (TCC) posted a net profit of SAR34m(US$9.1m) for the first quarter of 2005, up from SAR25.6m (US$6.8m) in the year-ago period, according to the company&rsquo
Uralcement to raise capita
At an AGM of Uralcement held in Pervomaysky Korkino of the Chelyabinsk region shareholders of the company made a decision to raise the authorized capital by 32.4 per cent from RUR308,452 to RUR408,452
IMSA Willing To Buy Stake in Hylsamex, Mexico
Mexican industrial conglomerate Industrias Monterrey SA. (IMSA) is studying possibilities to buy a stake, or to merge with Mexican ready-mix maker Hylsamex, a unit of Mexican diversified holding Grupo
Semen Gresik may issue more bonds
PT Semen Gresik was studying the possibility of issuing some bonds to finance the development of new facility at the total value of US$300m - US$350m and to repay its IDR447 billion bonds which would
Holcim-Gujarat ambuja offer
Indian investors have put in shares constituting about 21 per cent capital of Associated Cement Company Limited in response to a combined open offer by Gujarat Ambuja Cement Ltd and Holcim Ltd which c
Dontsement Increases Cement Production
In January-March, the Dontsement company (Amvrosiivka, Donetsk region, Ukraine) increased cement production by 54.4 per cent or 62,000t compared with January-March 2004, to a total 176,000t. This was
Holcim to invest more in Romania
Holcim Romania, plans to invest around 32 million euros this year in Romania, financial daily Ziarul Financiar reported on Tuesday. Holcim Romania’s turnover rose by 30 percent in 2004 from the
Goltas Cimento increases net profits
Turkish cement, clinker and ready mix concrete producer Goltas Cimento posted a net profit of 19.194 mln new Turkish lira ($14.3m) for 2004, up from 11.038 mln lira ($8.2m) for the previous year, acco
Holcim and GACL achieve financial closure, India
Gujarat Ambuja Cements Ltd (GACL) and Holcim Ltd on Thursday completed financial closure of transaction worth Rs 35.4bn (US$810.4m) under which Holcim will hold 67 per cent stake in Ambuja Cement Indi
Egyptian Ameriya Cement 2004 profit rise
The net profit of Egyptian cement company Ameriya Cement rose 13.22 per cent YoY to E£23.63m (US$4.1m) in 2004.
Kuwaiti Cement Co to raise capital
Kuwaiti cement maker Kuwait Cement Company will raise its capital to KWD39.5m (US$135.3m) via a five per cent bonus issue for 2004.