Cement News tagged: Corporate
TPI Polene share bid draws only one bid
Only one bid was accepted on Tuesday in the auction of a 249-million-share block of TPI Polene, made by a Thai construction company offering just 17 baht per share, the Bangkook Post reports. The low
Cementos del Caribe may issue US$260mn in bonds
The board of Cementos del Caribe, the newly consolidated Colombian cement company, has asked its shareholders to back the issue of bonds to finance short, medium and long-term projects, local press re
Texas Industries posts loss on spinoff costs
Texas and California cement producer Texas Industries Inc. on Thursday reported a quarterly loss on debt retirement costs and other expenses related to the spinoff of its steel unit.
CLL Cement producer quits public trading
Cement producer Cementaren Lietavska Lucka, a.s. (CLL) is withdrawing its shares from the Bratislava Stock Exchange (BCPB). The company shareholders decided on the withdrawal at their extraordinary ge
DG Khan Cement posts over double its last FY profit
Khan Cement at the end of June 2005 fiscal year earned a net profit surpassing even double the amount of the previous year, however, the stakeholders’ expectations regarding bonus shares remained a fa
Italcementi net profit at EUR 213.3m
Italcementi ended the first half of 2005 with a net profit of EUR213.3m down 2.2% compared to the same period of 2004.
EU OKs HeidelbergCement To Buy 50% Of Belgian Mermans
The European Commission cleared Germany’s Heidelberg Cement) to take a 50% share of Dutch cement company De Hoop Terneuzen BV’s Belgian subsidiary, Mermans Beton.
Heidelberg Cement sets up joint venture in China
Heidelberg Cement, the German cement group, has set up a joint venture in China together with Chinese competitor Tangshan Jidong Cement, which will produce and distribute cement from a production pl
Italcementi H1 EBITDA flat as Egypt inclusion offsets weak Italy
Italcementi SpA’s first half EBITDA due on Friday is expected to be broadly flat, with the first-time inclusion of its Egypt acquisition Suez Cement, offsetting weak Italy activities, analysts s
Buzzi Unicem increases first half pre-tax by 48 per cent
Buzzi Unicem’s first half turnover rose by 5.2 per cent to EUR1,382.2m and the EBITDA advanced by 8.2 per cent to EUR328.1m. Helped by a 25.5 per cent drop in net finance costs to EUR69m and an increa
Cemex offering to generate US$260m
Cemex has already significantly increased the efficiency of the UK’s RMC after buying it last year, is offering 31m shares after its stock price rose by two-thirds since the acquisition was anno
Cementir’s balance sheet remains strong
In spite of having acquired Aalborg Portland Cement and Unicon last October, Cementir retains one of the strongest balance sheets in the sector and could easily afford further acquisitions. Net debt
Serbian Novi Popovac Renamed Holcim Srbija
Serbian cement producer Novi Popovac changed its name to Holcim Srbija following a change in its ownership structure.
Cemex guidance
Cemex said on Monday it saw third-quarter EBITDA close to US$1bn, up 50 per cent from a year earlier on higher sales.
Cementir net profit at EUR27.9m H105
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, posted a net profit of EUR27.9m (US$34.4m) for the first half of 2005, up by 85% YoY.
Tunisia sells stake in cement co Sotacib to Spanish group
Tunisia has sold its entire, 50 per cent stake in the Tunisian-Algerian cement company Sotacib to an unnamed Spanish sector group