Cement News tagged: Corporate
Cemex acquires 37% of Rinker shares
Cemex now has 37.79 per cent of Rinker Ltd shares after extending the deadline for its US$14bn (A$17.03bn) takeover for the Australian building materials group by a fortnight.
Birla Corp FY07 net up 160%, India
Birla Corporation, the M P Birla group flagship, has registered a net profit of Rs 326.23 crore for the year ended March 31, 2007, an increase of 159.40 per cent.
Orascom Construction posts 54 per cent Q1 profit growth, Egypt
Orascom Construction Industries reported a 53.5 per cent rise in its first-quarter net profit to US$140.3m on Thursday, helped by growth in demand for cement and construction services.
Siam Cement Group reports 1Q07 operating results
The Siam Cement Group, Thailand announced operating performance for the first quarter of fiscal 2007 decreased from the previous year, noting that the chemicals business was still doing well.
Malaysia’s UEM World says still in talks with VICAT
Malaysian builder UEM World is still in talks with cement maker VICAT SA over its offer for equity in the Malaysian firm’s units, its chief executive said on Tuesday.
CCANZ chairman appointed to Golden Bay Cement
The chairman of the Board of the Cement and Concrete Association of New Zealand, Andrew Moss, has been appointed general manager of Golden Bay Cement.
St Lawrence suitor Holcim mails takeover bid
Holcim Group is mailing to shareholders of St Lawrence Cement Group Inc. (SLC) its offers and takeover bid circular dated May 29, 2007, and related documents, in connection with Holcim’s previou
Indonesia’s Semen Gresik eyes 10-for-1 split
Indonesia’s largest cement maker, PT Semen Gresik Tbk, plans to seek shareholder approval to conduct a 10-for-one stock split, a source familiar with the plan told Reuters on Tuesday.
India Binani Cement ends lower Vs IPO price
Shares of India’s Binani Cement Ltd. (532849.BY) Monday closed 8.5% below their initial public offer price, on fears that the freeze on cement prices and excess supply will squeeze the company&
Semapa says Q1 net up 155 per cent on one-off gain
Portuguese conglomerate Semapa said on Friday its first-quarter net profit rose 155 per cent to EUR47.2m on the back of the sale of its stake in Energias de Portugal .
Malabar Cements makes record profit
Accumulated profit stands at Rs.78 crore as on March 31, 2007 Turnover rises to Rs.239 crore from Rs.228 crore The State public sector Malabar Cements Limited,
Egypt’s Amreya Cement Q1 net down 19 per cent
Egypt’s Amreya Cement made net profit of E£71.2m (US$12.5m) in the January-March 2007 quarter, 19 per cent less than in the same quarter of 2006, the stock exchange said.
HeidelbergCement to increase capital
HeidelbergCement, the German cement products group, is increasing its capital by 4.4 million shares, to the exclusion of independent shareholders
Cemex control in Rinker reaches 30%
Cemex has obtained a 30.21% total share in Australian cement company Rinker, representing 270.4mn shares, the company announced in a statement to the Mexican stock exchange BMV.
Siam Cement in cardboard venture in Vietnam
Rengo Co Ltd is teaming up with Siam Cement Group to set up a cardboard-making venture in Vietnam, the first foray by a
Board of Eagle Materials Inc announces dividend
The board of directors of Eagle Materials Inc which manufactures and distributes cement, gypsum wallboard, recycled paperboard,