Cement News tagged: Corporate
CCI employees to agitate for revival of unit
Workers and employees of the closed Cement Corporation of India’s (CCI) Adilabad plant have threatened to launch agitations, including a fast unto death, as the unit has not been considered for
HeidelbergCement waits on Turkish decision
HeidelbergCement is awaiting the results of a State Council decision to stop controversial move that denied its Turkish partner, Akcansa, the acquisition of a domestic cement company. In a tender held
HeidelbergCement wants more consolidation
HeidelbergCement AG believes it should play a major role in the consolidation of the cement industry and wants to make a further acquisition, CEO Bernd Scheifele said in an interview with Boersen-Zeit
Cement Australia takes miner off the market
The parent company of Tasmanian coal miner Cornwall Coal has decided to keep the business. Cement Australia put the company on the market six months ago to see if there was a prospective owner who wou
Holcim offer for Gujurat Ambuja delayed
Holcim Ltd.’s open offer for Gujarat Ambuja Cements Ltd. , which was scheduled to open on March 25, will be delayed by a few days, a source close to the offer said on Friday. Holcim had bought
Yamama Cement seen more promise
Saudi cement producer Yamama Cement Company expects a 50 per cent year-on-year increase in its net profit for the first quarter of 2006 to 150 mln Saudi riyals (US$40m), the company said on March 21,
Florida Rock Industries announces Lake Belt ruling
Florida Rock Industries has announced that on March 22, 2006, the United States District Court for the Southern District of Florida ruled that several mining permits for the Lake Belt area in South Fl
Holcim Romania higher turnover
Holcim Romania expects its turnover to reach 190 million euros this year, although the sales were some 9-10 percent under the company’s estimates in the first quarter of 2006, the Ziarul Financi
HeidelbergCement has no plans to delist
HeidelbergCement AG said it isn’t planning to delist from public trading. Chief Executive Bernd Scheifele, speaking at the company’s 2005 earnings press conference, said there weren’
China building firm surges on US$231m debut
Shares in China National Building Material Co. (CNBM) surged 18.2 per cent in their US$231m Hong Kong trading debut on Thursday, as investors clamoured to profit from China’s booming economy.
Results of tender to explore and develop
Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of Eurocement Group, IKA-
Saudi Arabian Cement posts higher profits
Saudi cement producer Arabian Cement Company (ACC) based in Jeddah posted a net profit of 330.9 mln Saudi riyals (US$88.2m) for 2005, up 306.4 mln riyals (US$81.7m) a year ago. The increase was supp
Kuwait Cement profit up almost double
Kuwait Cement said its 2005 profit jumped 95 per cent to KD37.7 million (US$129m), almost 77 per cent of it in ’unrealised profits’. The company said in a statement on the Kuwait bourse We
Holcim to hedge IDR4 trillion debts
PT Holcim Indonesia Tbk may apply the strategy of hedging on its IDR4 trillion foreign currency debt in April and Mat to prevent from foreign exchange losses. The company registered IDR247.192 billio
JP Morgan investing in Andhra Cements
Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd. The size of the equity has been pegged at Rs 24 crore and it would be invested through one of
Mysore Cements: Holcim link?
Shares in loss-making company Mysore Cements Ltd, India, have shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent spur