Cement News tagged: Corporate
Cemex expects to increase US sales after purchase of Australia’s Rinker Group
Cemex says it is looking to increase its U.S. sales on the back of its recent purchase of the Australian Rinker Group.
Cemex disappoints JP Morgan analysts
Reviewing Cemex’s Q2 results, JPM analysts note that although the EBITDA is in-line with expectations, earnings are disappointing due to a loss on a financial instrument.
Peru’s Cementos Lima 2Q net rises
Cementos Lima SA posted second-quarter net income of 50 million soles ($15.8 million), up from PEN29.4m in the same quarter last year, the company said Wednesday.
Croatian Dalmacijacement Appoints New CEO
Trpimir Renic, 36, has been appointed chief executive officer (CEO) of
Cemex offer for Rinker expires
Cemex’s takeover of Australian building materials maker Rinker Group has triumphantly expired with only a handful of shareholders resisting the deal.
Cemex to appeal panel decision on Rinker
Cemex has received a rap over the knuckles on the eve of completing its A$17 billion takeover for Rinker Group.
China National Building Materials may buy two cement plants
China National Building Material Company Limited (CNBMC) announced that its parent company, China National Building Material Group Corporation, will acquire at least 90 per cent of Zhejiang Hushan Gr
Castle Cement rises to capacity challenge
Castle Cement has announced it is increasing production capacity and by 2008 will have an additional 10 per cent output compared to 2006.
Texas Industries hit by wet weather
In its financial year to the end of May, Texas Industries increased turnover by 5.5% to US$996.25m.
HeidelbergCement creates board role for Hanson buy
HeidelbergCement plans to appoint a new board member to oversee the integration of Hanson, which it is buying for UK£8bn ($16bn).
Blackstone bids for HeidelbergCement unit
Private equity companies including Blackstone and Bain Capital have bid for HeidelbergCement’s ’s maxit unit,
Taiwan’s Asia Cement June parent sales TWD888.34m vs TWD858.13m
Asia Cement Corp said its parent sales in June rose to TWD888.34m from TWD858.13m in the same month a year earlier.
Thailand’s TPI Polene (TPIPL): Big YoY jump in 2Q07 earnings seen
TPI Polene (TPIPL) is expected to announce a 2Q07 normalised profit of Bt397m, down 20% QoQ but up 64% YoY
Tabuk Cement posts US$32.02m 1H07 net profit
The net profit of Saudi producer, Tabuk Cement Company (TCC) stood at SAR120.1m (US$32.02m) for the first half of 2007
Mexico’s Cemex takes 87.84% of Rinker
Cemex has acquired 87.84 per cent of Rinker Group’s shares by the close of trade on Thursday.
Holcim extends offer to St Lawrence shareholders
Holcim said on Thursday it had extended the expiry date of its offer to minority shareholders of Canada’s St. Lawrence Cement Group.