Cement News tagged: Corporate
Good interest in Saadi Cement stake
Pakistan: Several companies have shown interest in buying 51 per cent stake in Saadi Cement Ltd to help the company to run commercially. Faysal Bank Ltd, the financial adviser of the cement company, b
Holcim’s capital hike less dilutive than expected
Holcim will issue fewer new shares than expected in a capital increase to raise 1.5 billion Swiss francs ($1.18 billion), the world’s second biggest cement group said on Thursday, easing concern
Dirty tricks at Karaganda
Shareholders of Central Asia Cement enterprise (former Karaganda cement plant) are judicially deciding the right to own the property. Last Monday in Karaganda a press conference devoted to internal pr
Arabian Cement Co reports increase in Q1 net income
The Jeddah-based Arabian Cement Co. announced that its first quarter net income grew by 32.2 per cent to reach SR 60 million ($16m), compared with SR 45 million ($12m) in the same period a year earlie
EPF buys 1.74m additional shares in Lafarge Malayan Cement
The Employees Provident Fund (EPF) has raised its stake in cement maker Lafarge Malayan Cement Bhd by buying an additional 1.74 mln shares between March 11 and 24 on the open market, the company said.
SCCC: share repurchase
Cumulative number of shares repurchased to date 9,268,800 shares or equal to 3.7075% of paid-up capital which is 2,274,322,000.00 Baht in total. Lowest price (Baht/share): 240.00 Repurchase or Highe
Holcim sets 1-for-7 share issue
Holcim will offer shareholders one new share for every seven held at a price of 52 Swiss francs ($41) under a capital increase to raise 1.5 billion francs, the cement group said on Thursday. Detailin
Spain Megasa buys small stake in Cimpor
Spanish steel manufacturer Metalurgica Galaica SA (Megasa) bought a 1.99 per cent stake in Portuguese cement producer Cimpor for 56.2 mln euro ($67.9m) on April 7, 2004. Megasa bought 13.4 million Ci
L&T cement division demerger to be over by June
Larsen & Toubro today said the process of demerging its cement division into a separate company Ultra Tech CemCo would be over by the middle of this year. "The process of cement division demerger is
Cementir’s Italian profits hit by cost pressures
Cementerie del Tirreno, or Cementir for short, has reported a 3.4 per cent increase in turnover for 2003 to €292.6m. The operating profit at the EBITDA level rose by 3.6 per cent to €87.7m. Higher i
Holcim - share capital increase
With the successful closing of the public purchase offer to the minority shareholders of Holcim Apasco, Holcim Ltd announced a share capital increase in the amount of approximately CHF1.5 billion whic
Cimpor to view Iraq investment potential?
A delegation of representatives from 11 Portuguese companies will meet Iraqi government officials and businessmen in London in late April to discuss investment opportunities, Diario Economico reports.
Taiwan Cement invests
Taiwan Cement Corp said the company invested 117.7 mln yuan (approx US$14m) yesterday in China-based Xuzhou Conch Cement, which was capitalized at 130 mln yuan ahead of the injection. To date, the
BBL approves new TPI debt plan
Thai Petrochemical Industry Plc’s (TPI) largest creditor, Bangkok Bank Plc (BBL), said it has approved ’in principle’ TPI’s new debt restructuring plan. BBL chairman Chatri So
Moroccan Lafarge Ciments posts good profits
Moroccan cement company Lafarge Ciments’s 2003 consolidated net profit rose 13.6 per cent year-on-year to 784 mln Moroccan dirhams (US$87.6m), the company’s CEO Jean Marie Schmitz told a n
Egyptian Ameriya Cement
Egyptian cement producer Ameriya Cement, majority owned by Cimpor reported a 58.1 per cent year-on-year drop in net profit for 2003 to 20.87 mln Egyptian pounds (US$3.4m). The decrease in earnings ca