Corporate

02 July 2007

China’s Huaxin Cement to issue CNY500m in 364-day debt

Huaxin Cement Co Ltd said it plans to issue CNY500m worth of 364-day debt on the interbank bond market on July 5.

29 June 2007

Combined revenue of Omani producers up to US$72m

The combined revenue of Oman’s two cement producers grew to OMR27.7m (US$72m) in the first quarter of 2007 from OMR21.6m (US$56.1m) in the year-ago period.

29 June 2007

CNBM lifts stakes in Taishan Cement

China National Building Material said its subsidiary China United has lifted its shareholding in

28 June 2007

Gresik holders OK 1-For-10 stock split

Shareholders of Indonesia’s PT Semen Gresik approved Thursday a stock split plan to improve trading liquidity of the company’s shares on the Jakarta Stock Exchange.

26 June 2007

Indonesian Gresik Likely to Pay Holding Tax

PT Semen Gresik has suggested it would pay holding tax of IDR500bn due to the asset transfer

25 June 2007

Chettinad Cement founders make open offer

Chettinad Cement Corp. Ltd. said on Monday one of its founders has made an open offer to acquire 13.84 per cent in the company at 450 rupees per share.

25 June 2007

Hanson says trading on track as takeover nears

Hanson Plc said on Monday that trading ahead of its agreed takeover was in line with its expectations, adding

21 June 2007

Vicat freefloat to be 30.4% after HeidelbergCement divestment completed

Vicat said the free float in its shares will be 30.4 per cent after banks fully exercised an over allotment option

19 June 2007

Cemex replaces seven Rinker board members, incl chairman

Cemex said it has replaced seven members on building products firm, Rinker Group Ltd’s board of directors, including chairman John Morschel, with its own nominees.

18 June 2007

Holcim to build ACC, GACL synergy

Holcim may appoint some management consultants to provide advice on combining some of the best practices and processes in Gujarat Ambuja Cement (GACL) and ACC

18 June 2007

Lafarge appoints four new executive committee members

Lafarge has appointed four new members to the company’s executive committee.

15 June 2007

OCL India board to consider raising INR2.2bn

Cement maker OCL India Ltd. said on Thursday its board will meet on June 16 to consider

15 June 2007

Cherat Cement Company nine months, Pakistan

Cherat Cement Company chairman Mohammed Faruque, Chairman released the company’s nine monthly report for the period ended March 31, 2007.

14 June 2007

Lafarge plans 10-year EUR500m

Lafarge plans to sell a 10-year EUR500m bond, one of the banks managing the sale said on Wednesday.

13 June 2007

Net profit growth rate declines 85%, India

The net profit growth rate of Indian cement firms declined to 85 per cent in the fourth quarter ended March 2007 compared with 150 per cent in the first three quarters

12 June 2007

Lafarge bought 71,000 own shares last week for EUR8.82m

Lafarge SA said that it bought 71,000 of its own shares last week for a total outlay of EUR8.8m