Cement News tagged: Corporate
Lafarge bought back EUR70.57m worth of own shares
Lafarge SA has bought back EUR70.57m worth of its own shares between March 5 and March 9, the Paris stock-market regulator Autorite des Marches Financiers said Monday in a statement.
Complant sells 77% shares in Dingxin Cement for RMB480m
China National Complete Plant Import and Export Corporation announced today that the company successfully transferred 77.7% of the shares it held in
Turkish Akcansa 2006 net profit rises by a quarter
Turkish cement producer Akcansa said its net profit rose by a quarter to TRL146.5m (US$103.15m) in 2006 from a year earlier, boosted by strong domestic sales.
Cemex gets FDI nod for Rinker bid
Cemex has received foreign investment approval from the federal government for its hostile takeover bid for Rinker Group Ltd.
Ciments Francais net rises 19%
Ciments Francais, a unit of Italy’s Italcementi, reported a 19 per cent rise in full-year 2006 net profit to EUR502m, on previously announced sales of EUR4.381bn, up 21.8 per cent from 2005.
GK Goh buys 13.6% stake in cement company Tasek
GK GOH Holdings has bought a 13.6 per cent stake in Malaysian-listed cement company Tasek Corporation Bhd for about RM86m (S$37m).
Saudi Yamama Cement 2006 net profit up to $160.4m
The net profit of Saudi cement producer Yamama Cement Company (YCC) stood at SAR601.2m (US$160.4m) for 2006, an increase from SAR500.9m (US$133m) a year ago.
Aveng keeps talking to Holcim over sale of shares to BEE group
Aveng is continuing its “constructive engagement” with Holcim over a proposed R6.82bn deal aimed at giving Holcim South Africa a black-controlling shareholder.
Egypt’s Sinai Cement says 2006 profit up 58 per cent
Egypt’s Sinai Cement reported a 58 percent increase in 2006 net profit to E£286.9m (US$50.3m), the company said in a statement to the stock exchange on Monday.
Gresik targets 3% rise in sales this year
Indonesia’s largest cement producer PT Semen Gresik said it is targeting a 2-3 per cent increase in cement sales to 16.47Mt this year after zero growth last year.
Semapa FY sales up four per cent as weak cement ops offset strong Portucel
Semapa SGPS said sales grew four per cent to EUR1.547bn last year from a restated EUR1.490bn in 2005 as weak sales a
Private equity sniffing Rinker
The major private-equity groups are preparing to enter the bidding for takeover target Rinker, an analyst’s report claims.
Readymix FY pretax profit up 32 per cent
Irish cement maker Readymix PLC reported a 32 per cent rise in full-year pretax profit, as a result of favourable economic conditions and a range of performance improvement initiatives.
Bío Bío 2006 profits surge 82% to US$89m
Chilean company Cementos Bío Bío saw net profits climb 81.9% to 48.0bn pesos (US$88.8m) last year compared to the 26.4bn
Rival takeover pressures Cemex bid
Cemex is under new pressure to jack up its US$12.8bn ($16.3bn) hostile takeover bid for Rinker after the latest play by Holcim for Canada’s St Lawrence Cement Group.
India Cements Board approves Visaka merger
India Cements today said its Board of Directors has decided to merge Visaka Cement Industry, an associate company with itself and has also appro