Cement News tagged: Corporate
Aditya Birla name game
The Aditya Birla Group has taken a cue from the Tatas and Reliance. All group companies are likely to have the name of its founder-chairman, and the creation of Aditya Birla Nuvo is just the beginning
Cement giant holds talks on CNY700m long-term loan
Anhui Conch Cement, China’s largest cement producer, is in talks to secure a long-term loan of CNY600-700m (HK$576-HK$672m), the company said.
Lafarge hit by lower cement prices in Brazil, Malaysia and Korea
On the previously announced 6.3% increase in turnover 5.7% to €7,220m for the first half, Lafarge’s EBITDA for the period fell by 3.7% to €1,291m. The trading profit declined by 7.3%, or by 9.3
Lafarge 1H net profit down
Lafarge said its first-half net profit fell by 18% to EUR359m on difficult market conditions in Brazil, Malaysia, Germany and South Korea.
Boral attractive, but near-term bid talk seen overdone
A run of takeovers among global building products groups could deter any near-term bid for Australia’s Boral Ltd, despite a sharp price spike on takeover speculation, fund managers and analysts
Cemex reverts losses betting on rates
Rodrigo Treviño, Finance manager at Cemex S.A., had losses of US$467m two years ago, because of betting on an interest rate rise in the United Sates. Currently, the company is reverting that loss wit
Orascom’s record sales
OCI reports 43% growth in consolidated revenue and a 57% rise in net income for the six months ended 30 June 2005
Cemex move to improve balance sheet
In a further move to reduce the debt on its balance sheet in the wake of the cash acquisition of RMC Group, Cemex has sold assets valued at US$91.6m to its existing joint venture with
Morgan Stanley chosen as prime bidder for Ssangyong Corp
Global investment bank Morgan Stanley has been selected as the preliminary preferred bidder for Ssangyong Corp, a troubled South Korean trading company, Ssangyong’s creditors said Friday.
China Resources to buy Guangxi Yufeng stake, China
China Resources Cement Holdings Ltd said it has agreed to acquire the remaining 9.1% stake in Guangxi Pingnan China Resources Yufeng Cement Co Ltd that it does not already own for CNY64.62m. China Re
Lafarge India shuffles top deck after entry of new CEO
Lafarge India has embarked on a top-level management reshuffle, close on the heels of Uday Khanna taking over as its new CEO. Shivesh Sinha, the company’s CFO till recently, has been promoted to
Dontsement appoints Galant board chairman
Council of shareholders in the Dontsement cement producer (Amvrosiivka, Donetsk region), who are performing the functions of the company’s supervisory board, have appointed Wojciech Galant as bo
Shareholder meeting of Semen Padang cancelled
The plan to conduct shareholders meeting of Semen Padang and Semen Tonasa had been cancelled from the initial schedule of yesterday. The shareholders meeting had not been rescheduled yet.
Quinn Group clashes with Siptu
Ireland’s country’s most profitable private company, the Quinn Group, has been ordered to provide employees of its cement division with conditions in line with those demanded by the Siptu union.
Second half looks brighter for Malaysian cement makers
Three of the four listed cement players in the country – Cement Industries of Malaysia Bhd (Cima), Lafarge Malayan Cement Bhd and Tasek Corp Bhd – have posted losses for the quarter ended June 30.
Pre-bid meeting for Javedan Cement sale
The Pakistan Privatisation Commission is holding a pre-bid meeting in Islamabad for sale-of 96.34 Javedan Cement Limited (JCL) shares on September 3.