Cement News tagged: Corporate
Cementos Argos share price falls
Cementos Argos SA dropped 1.4 per cent to 11,600 pesos. Colombia’s biggest cement maker fell for a second day after Colombia’s economy expanded less than forecast in the third quarter from a year earl
India’s Shree Cement fails to power up
Analysts at LKP have downgraded Shree Cements to underperformer in its December 28, 2010 research report. A laggard performance from its power division has been due to extended monsoons reducing
Holcim’s newest US plant illustrates cement economics
Given current US market conditions, the recently commissioned Ste. Genevieve plant on the Mississippi will be hard-pressed to generate adequate returns for the foreseeable future. However, now that th
New Philippine cement plant inaugurated
Eagle Cement Corp (ECC) has started commercial operations of its P6.73-billion Bulacan plant this month and is in place to augment cement supply in time for the peak of the construction season. There
Saudi cement-makers in weekly retreat
Arabian Cement Co slid 9.9 per cent, the most in more than two years, to 34.5 riyals. The Saudi Arabian maker of building materials said its plant in Jordan is facing delays and will cost an additiona
Polpaico major share trade sees Gasco exit
Chilean natural-gas supplier Gasco SA has raised 54.8 billion Chilean pesos (US$116.7m) after selling its 40.9% stake in local cement maker Cemento Polpaico SA this week. The proceeds from the sale
Lafarge sells aggregate and ready-mix assets
Lafarge has announced two disposals totaling circa €120 million, as part of its 2010 divestment plan. Lafarge has disposed of the integrality of its Aggregates & Concrete business in Portugal (29 conc
Holcim acquires aggregate and ready-mix operations
Holcim has acquired several aggregates and gravel operations and ready-mix concrete plants in Switzerland and France. Holcim, together with a French partner, Eiffage Travaux Publics, has purchased eig
New Chinese partnership for KHD
German cement manufacturing specialist KHD has announced a significant strategic partnership with China-based CATIC Beijing Ltd a subsidiary of China’s state-owned CATIC International Holdings Ltd, to
Further ACC purchases by Holcim
Holcim Group has started strengthening its stake in its Indian subsidiary ACC through further small-scale share purchases for the first time since September 2008. Ambuja Cement India and three other
Maybank upgrades Lafarge Malayan Cement to buy
Lafarge Malayan Cement (LMC) has outperformed its cement and steel peers by 3% and 11%
China Resources inks loan deal
China Resources Cement Holdings Ltd, the largest cement producer in South China by output, said it has
Ciments Français merger approved
Ciments Français General Meeting of Shareholders approved today the merger by and into Ciments
HeidelbergCement to invest in Russian plant
German group HeidelbergCement intends to invest over RUR4bn (US$129.65m) in a project to build the
Dangote cement price estimate raised at Stanbic
Dangote Cement Plc, Nigeria’s biggest company by market value, had its price estimate raised to
KHD announces China partnership
KHD Humboldt Wedag International AG announced today that it has entered into a strategic partnership