Cement News tagged: Corporate
Kuwait seminar for Iraq investment group
Global Investment House (Global) has held a special seminar at the Kuwait Stock Exchange (KSE) on listing Iraq Holding Company (IHC). Attending the seminar were, Mr. Mohammed AlNaki,
China stock slump
As a prolonged slump in the China stock market drags on and the US dollar stays on a longer-than-expected uptrend, many Chinese investors are becoming frustrated with what they
FCC Aims to double revenues by 2008
Spanish construction group Fomento de Construcciones y Contratas SA (FC) said Thursday it plans to double revenue and earnings by 200, noting in a presentation that it wants
Rinker Group gets A3 rating from Moody’s
Moody’s Investors Service has today affirmed the A3 senior unsecured rating of Rinker Group Limite. Moody’s said its rating affirmation reflects the ongoing strength in the company’s
Hanoi stock exchange adds three firms to listing
An additional three companies will be listed on the Hanoi Securities Trading Centre, bringing the total number of listed companies in December to nine with registered shares worth nearly
Cemex, Lafarge terminate Iberian joint ventures
Cemex SA said Thursday it has unwound its joint ventures with France ’s Lafarge SA, as agreed earlier this year. In a press release, Cemex
IFC buys shares in China’s Anhui Conch
The World Bank’s investment arm, the International Finance Corp, acquired 48 million shares in Anhui Conch Cement Co Ltd, China ’s largest
Partners to inject more cash into China JV
Shui On Construction and Materials Ltd said it and Lafarge SA of France have injected an aggregate amount of US$44.4m into their joint venture company, which is engaged in cement operations in China
Heidelberg Cement’s Bosnian unit to invest
Tvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by Germany’s Heidelberg Cement, said on Tuesday it planned to invest Euro 8.3m next year, mostly in modernising its concrete productio
Southern Province elects new Board
Saudi cement producer Southern Province Cement (SPC) elected a new board of directors at a general shareholders’ meeting on December 7, 2005. The board has a three-year term
Warburg sells six per cent stake in Gujarat Ambuja
Warburg Pincus, through its investment units, sold a near six per cent stake in Gujarat Ambuja Cement Ltd. The deal was worth around INR6.5bn. The shares sold by the private
Southern Province cement elects new board
Saudi cement producer Southern Province Cement (SPC) has elected a new board of directors at a general shareholders’ meeting. The board has a three-year term starting from
Aggregate chief Tom steps down
Peter Tom is to step down as chief executive of quarry giant Aggregate Industries and become the group’s part-time chairman. Mr Tom, 65, will be replaced by Bill Bolsover, currently the Bardon-b
Hanson expects 12% profit growth in 2005
Hanson is expecting trading profit to increase by around 12 per cent in 2005 in spite of higher energy costs, with the main improvements coming from the United States and Australia. In North America,
Capital Expenditure of Semen Gresik rising
PT Semen Gresik (SG) set the budget of capital expenditure as much as IDR700 billion next year, some of which was to develop new facility. The management of the company planned to conclude the feasib
New management at UEM
In a strategic move to expand and grow its foray of businesses internationally UEM Group had announced the appointments of two senior directors to spearhead its International Business Division. In a