Cement News tagged: Corporate
Cementos Portland debt increases
The regulator for the Spanish stock exchange, the CNMV, has revealed that as a result of the takeover bid launched by Spanish cement group Cementos Portland Valderrivas on December 2 for cement manufa
Vietnam Encourages State firms to issue bonds
Vietnam’s Ministry of Finance, or MOF, is encouraging Vietnamese companies to issue international bonds to raise funds for their domestic investment projects, senior ministry officials said Mond
Cemex ADRs down marginally
ADRs in Mexican cement giant Cemex SA down 0.6 per cent at $60.11. Earlier, the firm said it expects to meet its profit targets for 2005 after nearly doubling sales through a major acquisition and tha
Cemex forecasts an EBITDA of some US$3,600m for 2005
In announcing its expectations for the final quarter of 2005, Cemex is indicating a turnover for the full year of in excess of US$15,200m. This includes RMC Group for 10 months and represents an incr
GP Goenka woos investors for Andhra Cements
Amid abundant speculation that Andhra Cements Ltd has been put on the block, the G P Goenka controlled company is negotiating with at least two strategic investors to raise Rs 70-75 crore to revive fo
Tonghua Special Cement to list in Singapore next year
Tonghua Special Cement Co Ltd, which is based in Jilin province of China, has announced that it plans list on the Stock Exchange of Singapore (SES) early next year, according to China’s Ministry of Co
Tata Steel to acquire 40 per cent stake in Thai Millenium Steel
Tata Steel said it has signed an agreement with Thailand’s Cementhai Holding Company, a Siam Cement Group company, for acquiring its 40 per cent stake in Millennium Steel.
Semen Padang reports higher net profits
PT Semen Padang, a unit of PT Semen Gresik, Indonesia, set the target of net profit of IDR212bn, representing an increase of 56.15 per cent from the net profit target of this year as much as IDR135.91
Cementos Portland stands firm on Lemona offer
Cementos Portland Valderrivas, the cement division of Spanish construction and services group FCC, has declared that it will stand firm on its takeover offer price for peer Cementos
Positive outlook on Fujairah
Fujairah Cement Industries (FCI) is one of the seven listed cement companies operating in UAE. It has its plant in Fujairah, UAE, with clinker capacity of 1.6Mt and cement capacity of 1.75Mt. The comp
ACC buys Tarmac India
Associated Cement Companies Ltd. (ACC) said on Wednesday it had acquired 98.84 percent of Tarmac India Pvt Ltd. for 124 million rupees ($2.7m). Tarmac India is a subsidiary
Lafarge Malayan: share buy-back
Lafarge Malayan Cement Bhd reports it has bought back 1.2m shares at prices ranging from M$0.60 to 0.62 a share, for a total of M$741,085.27 (approx US$0.2M) on December 13. In
Budindustria increases cement production
In November, the Bakhchysarai-based Budindustria factory, the largest cement producer in the Crimea, increased cement production by 3.3 per cent or 1300 tons compared with November 2004, to 40,900 ton
Loma Negra signs for syndicated loan
Argentine cement company Loma Negra has signed a contract for a syndicated bank loan for a total of 295mn pesos (US$98.1m), the firm announced in a statement to the Buenos Aires stock exchange. The f
Dyckerhoff seeks acquisitions in Russia
Cement manufacturing firm Dyckerhoff AG is seeking acquisitions in Russia and neighbouring countries as part of the company’s strategy to reduce its dependence on the German market, chief execut
Cement firm to triple capital
Saudi cement firm Yamamah plans to triple its paid up capital to SR1.35 billion (US$360m) and offer investors two free shares for each existing one, it said The announcement pushed the stock up by the