Cement News tagged: Corporate
HeidelbergCement eyes GSCL
In a manner identical to a previous deal in which HeidelbergCement AG acquired Mysore Cement, the German major is close to acquiring the controlling stake in Gujarat Sidhee Cement Ltd (GSCL). As a pre
Buzzi reports progress with Dyckerhoff takeover
Buzzi Unicem reports that, by Wednesday, its improved takeover bid for the German building materials group Dyckerhoff had g
Birla offloads entire stake in Mysore Cement
Bangalore-based SK Birla group company Birla VXL offloaded its entire stake, representing 2.62 per cent in Mysore Cement in an open market transaction. Mysore Cement in a filing on the Bombay Stock Ex
Kuznetsk Cement Plant to provide investment funding
Caspian Resources (Kazakhstan), which recently bought 100% of the shares of Kuznetsk Cement Plant (Kemerovo region) will invest
Heidelberg Mediterranean requests tender call exemption
Heidelberg Cement Mediterranean Basin Holding has applied to the capital markets board for an exemption from launching a tender
SCC cuts power costs
Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, plans to spend 1.96 billion baht on power generators to help reduce energy costs
Oyak’s Bolu puts more into cement
Bolu Cimento, part of the Turkish Oyak Group, plans to invest 6.1 mln lira (US$4.3m) in 2007, as production is forecast at 1.8Mt of
Development Board supports Holcim expansion
The Waitaki Development Board in New Zealand has come out in support of a proposed cement plant at Weston, citing the economic benefits. Chief executive Mark Jurisich said the "silent majority" mi
Buzzi rules out higher share offer
Italian cement company Buzzi Unicem SpA says holders of the 5.1% of Dyckerhoff AG shares that it doesn’t already control must accept its cash offer, "or the train will depart",
Colombia Argos secures $480m in loans
Colombia’s largest cement maker Cementos Argos SA said it secured a $480m loan with BNP Paribas SA and Citigroup Inc, the company said in a filing to the securities regulator Wednesday.
YTL Land & Development, YTL Cement 1Q net profits fall
YTL Land & Development Bhd’s net profit for the first quarter (1Q) ended Sept 30, 2006, was almost halved to RM2.94 million from RM5.58 million a year ago,
Lafarge seals new EUR300m partnership deal with EBRD
Lafarge said Wednesday it is renewing its partnership with the European Bank for Reconstruction and Development.
Heidelberg blinks
HeidelbergCement has agreed to pay the non-compete fees to all shareholders who participate in its open offer if its petition to the Securities Appellate Tribunal (SAT) challenging a Sebi directive is
Portuguese CGD Holds 2.08 per cent in Cimpor
Portuguese largest, state-owned bank Caixa Geral de Depositos (CGD) controls directly and indirectly 2.08 per cent of the share capital of Cimpor.
Cemex sees 4th quarter sales near US$4.3bn
Mexico’s Cemex said on Monday it expects fourth-quarter sales to rise 9 percent from a year ago to $4.3bn, with solid operations at home offsetting weak U.S. sales.
GCC improves debt profile
Grupo Cementos de Chihuahua S.A. de C.V. (GCC) announced that it has fully repaid its $1,200m peso bond that was issued and placed in the domestic Mexican market in December 2001.