Cement News tagged: Corporate
Pakistan’s Lucky Cement to issue GDRs
Lucky Cement said on Tuesday it plans to issue global depositary receipts (GDRs) to raise funds for its expansion plans.
Binani Cement earnings at Rs 506.7m
Kolkata-based cement maker Binani Cement posted net profits of Rs 506.7m on sales of Rs 1,956.2m for the quarter ended June 2007.
Indian cement makers plan cost-efficient steps
Apprehensive of any further intervention by the government, the Indian cement sector is taking cost-efficient measures to ensure better profit margins in the coming quarters.
Cemex increases Rinker stake to 85.53%
Cemex has secured 85.53 per cent of Rinker Group Ltd, just short of the 90 per cent needed to automatically acquire the rest of the company.
India Larsen & Toubro may sell UltraTech cement stake
Indian engineering and construction company Larsen & Toubro Ltd plans to sell its 11.5% equity stake in UltraTech Cement Ltd a unit of Aditya Birla Group
Aveng expects FY headline EPS up 100-120 per cent
South Africa’s Aveng said on Monday full year headline earnings per share, as well as earnings per share (EPS), was expected to increase as much as 120 per cent.
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.
CNBM lifts stakes in Taishan Cement
China National Building Material said its subsidiary China United has lifted its shareholding in
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.
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.
Indonesian Gresik Likely to Pay Holding Tax
PT Semen Gresik has suggested it would pay holding tax of IDR500bn due to the asset transfer
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
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.
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
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.
Lafarge appoints four new executive committee members
Lafarge has appointed four new members to the company’s executive committee.