Cement News tagged: Corporate

ACC releases production, despatches figures for Jan 2005

03 February 2005, Published under Cement News

Associated Cement Companies Ltd, has announced that in January 2005 cement production was 1.494Mt. Cement despatches at 1.505Mt. In January 2004 cement

Cauê begins US$138mn debentures issue

02 February 2005, Published under Cement News

Camargo Corrêa Cimentos (Cauê), the cement unit of Brazilian construction firm Camargo Corrêa, began a 360m-real (US$138m) debentures issue Tuesday, Cauê said in a filing to the country’s securi

Buzzi buys more of Dyckerhoff

02 February 2005, Published under Cement News

Buzzi Unicem announces the purchase of 5,000,000 Dyckerhoff’s ordinary shares, equal to 24.19 per cent of the voting capital. The shares relate to the put option exercised on December 28, 2004

Tourah Cement: major profit gain

01 February 2005, Published under Cement News

The net profit of Egyptian cement company Tourah Cement Co is seen to rise 159.2 per c year-on-year to 142.52m Egyptian pounds (US$24.7m) in 2004, according to analysis prepared by the local company P

Tangshan Jidong Cement acquires parent company unit

Tangshan Jidong Cement acquires parent company unit

01 February 2005, Published under Cement News

Tangshan Jidong Cement Co Ltd said its board has decided to acquire a transport unit belonging to Hebei Jidong Cement Group, its parent company, for 44.11m yuan. Tangshan

Votorantim Cimentos invests US$220m

01 February 2005, Published under Cement News

Votorantim Cimentos is dedicating US$220m investments to improve the logistic area in 2005, US$140m of which will go to Brazil. In 2003, the Brazilian cement manufacturer invested

Akcansa plans acquisitions

Akcansa plans acquisitions

01 February 2005, Published under Cement News

Mehmet Gocmen, general manager of Akcansa, said that the company planned acquisitions of cement companies in Iraq in the long run. However, the privatisation of the companies would not take place in t

Narotam Sekhsaria in focus

01 February 2005, Published under Cement News

Some 24 years ago, Narotam Satyanarayan Sekhsaria, a 33-year-old cotton trader from Gujarat left the family-run business to try his hand in the cement sector. here was a stable demand for cement in th

Lafarge bids for Himachal plant

01 February 2005, Published under Cement News

Lafarge has bid for a Rs.6-billion ($120m) cement plant in Himachal Pradesh. Lafarge, which has submitted a proposal to set up a two-million-tonne plant by exploiting the limestone deposits in the Cho

Cemex negotiating Hormigonera purchase

31 January 2005, Published under Cement News

Cemex may be negotiating the acquisition of Puerto Rico’s (PR) second-largest concrete producer Hormigonera Mayagezana, PR press reported. Other island cement players have voiced their oppositi

Grasim Q3 net profit rises 32%, beats forecast

31 January 2005, Published under Cement News

Industries Ltd, India’s top cement group, said on Friday its quarterly profit jumped 32 per cent, beating expectations as a construction boom in Asia’s fourth-biggest economy drove up pric

YTL Expects Avg 20 per cent year profit rise

31 January 2005, Published under Cement News

Diversified YTL Corp will grow profits, revenue and share price about 20 per cent a year up until 2020, Group Managing Director Francis Yeoh says, according to local news reports.

Lafarge eyes small, medium acquisitions

28 January 2005, Published under Cement News

Lafarge has a business model to focus on small- and medium-sized acquisitions, rather than large ones, according to Jean-Jacques Gauthier, the company’s executive VP of finance. Gauthier made th

Abdioglu to buy Uzan cement operation?

28 January 2005, Published under Cement News

Turkish Abdioglu Group is interested in acquiring cement operation Trabzon Cimento, previously owned by the controversial Uzan family, the group’s chairman Ali Sefik Abdioglu

Eurocement: production up 13 per cent

28 January 2005, Published under Cement News

In 2004, the Eurocement Group produced more than 9.6Mt of cement, 13 per cent more than in 2003. The group turned out more than 1Mt of bagged products, up 16 per cent year-on-year. The products were

Indonesian govt postpones Cemex agreement

27 January 2005, Published under Cement News

The government of Indonesia has postponed the signature of an agreement that could put an end to a long-running dispute with Cemex over the control of the south-east Asian country’s biggest ceme