Corporate

24 August 2006

HeidelbergCement set to take majority stake

HeidelbergCement is planning to take a majority stake in its equal joint venture with India’s IndoRama Cement, the Economic Times reported Thursday, quoting HeidelbergCement managing board membe

24 August 2006

Monarch Cement - nine year high

CashFlowNews.com reports that EBITDA for The Monarch Cement Company for its twelve months ended June 30, 2006 was $30,361,979, a 106 per cent increase over the year earlier same twelve months when Mon

24 August 2006

Javedan Cement sale agreement signed

The Pakistan Privatisation Commission on Wednesday signed a share purchase agreement (SPA) with Haji Ghani Usman & Group for transfer of Javedan Cement Limited (JCL) management after one year of biddi

23 August 2006

Vinaconex Corp to sell shares

State-owned Vietnam Construction Import-Export Corp., or Vinaconex, will offer shares in the company worth VND650 billion ($40.6 million) via auctions next month, a Vinaconex official said Wednesday.

23 August 2006

JK Cement, Dalmia talk venture?

After the recent consolidation, still more to come! This time, the middle-rung companies are now looking at setting up joint ventures.

23 August 2006

New assets help Anhui Conch net jump

Anhui Conch Cement, China’s biggest cement producer, said first-half net profit soared 457 per cent over the same period the previous year thanks to newly acquired assets which boosted its outpu

22 August 2006

Holcim H1 net profit seen up, price hikes help

Holcim , the world’s second biggest cement maker, is expected to report a 34 per cent rise in first-half net profits before minorities, boosted by price increases and recent acquisitions.

22 August 2006

Investment funds eye Lafarge roof unit

At least a dozen investment funds and an industrial group are studying the potential acquisition of building materials group Lafarge’s roofing business, according to reports from La Tribune news

22 August 2006

CRH to acquire Ashland Paving And Construction, Inc

CRH plc, the international building materials group, announces that its US subsidiary, Oldcastle Materials, Inc., has reached agreement to purchase Ashland Paving And Construction, Inc (APAC) for a to

21 August 2006

Nigerian cement project woos investors

Nigeria’s Adamawa State government has begun fresh discussion with German and Indian investors to explore the possibilities of a joint venture in the establishment of cement manufacturing company in t

21 August 2006

EU Approves Figdor purchase

The European Commission Friday cleared German cement makers Mibau Holding GmbH, controlled by HeidelbergCement and Foster Yeoman Baumineralien GmbH, to buy German building materials company Figdor Bau

21 August 2006

Bamburi Defends its presence in EAPC

Kenyan Bamburi Cement has defended its controversial shareholding in its main rival East African Portland Cement (EAPC). Mr Michel Pucheros, the managing director of Bamburi Cement, said Larfarge - t

21 August 2006

Heidelberg revises Mysore terms

HeidelbergCement subsidiary Cementrum I bv has decided to waive off the conditions for accepting minimum number of shares under the open offer made by it to the shareholders of SK Birla group company

18 August 2006

Govt to offload shares in cement industry, Kenya

The government will soon offload more of its shareholding in the cement industry to the public through the Nairobi stock exchange, in a bid to certify the requirements of the Capital Markets Authority

17 August 2006

TPIPL places new shares

TPI Polene Plc has successfully sold capital-raising shares to existing shareholders, according to Prachai Leophairatana, the company’s chief executive.

17 August 2006

Antitrust board fines Akcansa

Akcansa, a major Turkish cement manufacturer, said that it received the antitrust board’s ruling that the company should pay