Cement News tagged: Corporate
Holcim picks up 1.65 per cent stake in GACL
Holcim has picked up further 1.65 per cent stake in Gujarat Ambuja Cements Ltd (GACL) for Rs 307.46 crore in open market transactions.
Saudi Eastern Cement Q4 net profit up 79 per cent
Saudi Arabia’s Eastern Province Cement Company said on Tuesday fourth quarter net profit rose 79 per cent from a year earlier to SAR111m ($29.60m).
Taiwan’s Asia Cement Dec parent sales TWD871.52m vs TWD1.02bn
Asia Cement Corp said its parent sales in December fell to TWD871.52m from 1.02bn
China’s Huaxin Cement suspended pending announcement
Huaxin Cement Co Ltd said its shares will be suspended from trading on the Shanghai bourse today ahead of an announcement
Buzzi Unicem not to raise Dyckerhoff offer
Italian cement maker Buzzi Unicem will not raise its offer for minority sharesholders in Dyckerhoff any further, Buzzi’s chief executive said in a German news reports.
FLSmidth is negotiating to sell marine and turbo gear business in Switzerland
MAAG Gear AG, FLSmidth’s Swiss-based subsidiary, will in future focus on gears for the cement and minerals industries.
Ex-president of Taiheiyo Cement Corp dies at 78
Ken Moroi, former president of Taiheiyo Cement Corp. and a former vice chairman of a major business lobby, died from lymph tumor on Dec. 29, sources close to the businessman said.
Jordan Cement Factories Co Net Profit at $71.4m Jan-Sept 2006
Cement producer Jordan Cement Factories Co (JCFC) booked a net profit of JOD50.6m (US$71.4m) for the first nine months of 2006, an increase from JOD48.8m (US$68.9m ) posted a year ago.
Malabar Cements registers record profit in first eight months
The State public sector Malabar Cements Limited (MCL) at Walayar here has registered a record profit of
Belgium’s GBL raises Lafarge stake slightly
Groupe Bruxelles Lambert , the Belgian holding company controlled by the families of Albert Frere and Paul Desmarais, said on Wednesday it had slightly increased its stake in Lafarge.
Mexican stocks up, driven by Cemex
Mexican stocks rose to a fresh all-time high in slow, early trade last Thursday as cement maker Cemex gained on recent signs of strength
Pakistan’s Pioneer makes steady gains
Pioneer cement company of Khushab has made steady progress in operating and financial results. The installed capacity of the plant i
Italcementi acquires Shaanxi Fuping Cement
Italcementi Group and Guangyu Group singed a cooperation memorandum on December 23rd in Hong Kong for the acquisiti
Indonesia shares may rise appreciably in 2007
Analysts say the Jakarta Stock Exchange’s main index may climb as much as 15% next year as the rally in Indonesian shares continues, underpinned
Adana Cimento plans investments for 2007
Turkish cement producer Adana Cimento will allocate 46.455 mln Turkish lira (US$32.6m) for investments in 2007, the company said on December 26, 2006.
Cementhai sets its sights on home-renovation market
Cementhai Building Products, the building materials flagship of the Siam Cement Group (SCG), is taking aim at the home renovation market by expanding its building product system centres, said presid