Cement News tagged: Corporate
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
Boral delay on AdBri deal
Boral has extended for the second time its A$1 billion-plus takeover offer for cement maker Adelaide Brighton until May 7. The move was not unexpected, as the company awaits regulatory approval from
Wienerberger continues to grow
The leading clay products group Wienerberger AG has reported an increase in turnover for last year by 10.5 per cent in 2003, to €1826.9m and an operating profit at the EBITDA level 15.6 per cent highe
Thai TPI to repay some debt
Thai Petrochemical Industry PCL, will issue 11.8 billion new shares for a debt swap at 2.28 baht each and repay some debt with shares in its cement unit, its management team said on Thursday. TPI woul
Turkish Batisoke Cimento
Turkish cement and clinker producer Batisoke Cimento decided at its management board meeting on March 30, 2004 to boost its paid-in capital to 56.25 trln Turkish lira ($42.7 mln/34.9 mln euro) from 11
Dyckerhoff’s profits and balance sheet improve
Dyckerhoff’s operating profit at the EBITDA level rose by 1.8 per cent to €274.0m, in spite of the devastating effect of the price war in Germany, thanks to considerable savings being achieved under t
Melón 2003 net profit up 6.68%
Chilean cement company Empresas Melón posted a 16.6bn peso (US$26.8m) consolidated net profit in 2003, up 6.68 per cent from the year before, Melón said in a statement to the country’s securitie