Cement News tagged: Corporate

Siam Cement shares to pay record dividend

27 January 2005, Published under Cement News

Siam Cement Group (SCC), the country’s largest industrial conglomerate, yesterday announced that it would pay an annual dividend of 15 baht per share -- the group’s highest ever -- thanks

Cementos Lima 2004 net rises 0.8 per cent

27 January 2005, Published under Cement News

Fourth quarter and year earnings ended Dec. 31, 2004 rose 0.8 per cent at Cementos Lima which holds a 82 per cent of the domestic market. The company said on Wednesday it would

Chile stocks up on construction gains

27 January 2005, Published under Cement News

Chile stocks rose on Wednesday partly on market enthusiasm of a construction boom driven by strong internal demand. Construction company Volcan climbed 10.34 per cent to 1,600

Torah Cement releases 9M results

27 January 2005, Published under Cement News

Torah Cement, Egypt, released 9M FY04 results ending September, in which net income came in at an impressive LE144.1 million, reflecting a 3.8x y-o-y surge over the LE38.3 million realized in 9M FY03.

Lafarge withdraws from Cemento Avellaneda

Lafarge withdraws from Cemento Avellaneda

27 January 2005, Published under Cement News

Lafarge has withdrawn from Cemento Avellaneda, the Argentinean cement company. According to market sources, Lafarge has just sold its 43 per cent stake in Molins, the Spanish company through which it

Titan unit seeks more of Egypt firm

27 January 2005, Published under Cement News

An Egyptian company controlled by Lafarge (and Greece’s Titan has offered to buy an 11.55 per cent stake in Egypt’s Alexandria Portland Cement , the bourse said on Wednesday. A statement

Florida Rock Industries: 1Q results

Florida Rock Industries: 1Q results

26 January 2005, Published under Cement News

Florida Rock Industries, Inc today announced net income of $30,087,000 or $0.68 per diluted share for the first quarter of fiscal year 2005 versus $32,128,000 or $0.73 per diluted share for the first

HeidelbergCement to take on Indocement commitments

26 January 2005, Published under Cement News

HeidelbergCement AG said it will take over a credit obligation of more than US$150m for its Indonesian subsidiary Indocement Tunggal Prakarsa . A spokeswoman for

Camargo Correa Cimentos issues $112m in debentures

26 January 2005, Published under Cement News

Brazilian cement maker Camargo Correa Cimentos has launched a debenture issue worth 300 mln Brazilian reais ($112m) in the domestic market, an operation aimed at funding the company’s expansion

Holcim says treasury share sale concluded

25 January 2005, Published under Cement News

Holcim has sold treasury shares amounting to about 430 million Swiss francs ($364m), the Swiss cement maker said on Tuesday, as it is bidding for Britain’s Aggregate Industries and

Adani group to acquire Everest

25 January 2005, Published under Cement News

Swiss Cement giant Holcim has found a buyer for the Associated Cement Companies’ (ACC’s) 76.1 per cent stake in Everest Industries Limited. The Rs 7,000 crore Adani group has signed an agr

Immobiliare Caltagirone lowers stake

25 January 2005, Published under Cement News

Italian real estate company Immobiliare Caltagirone S.p.A. reduced its stake in Italian cement company Cementir-Cementerie del Tirreno SpA, a unit of local cement company Cementir, to below 2.0 per ce

Indocement seeks US$150m debt refinancing

25 January 2005, Published under Cement News

PT Indocement Tunggal Prakarsa, the country’s second largest cement maker, and part of HeidelbergCement is seeking minority shareholders’ approval for proposed debt refinancing worth US$

Bernd Scheifele new HeidelbergCement chairman

24 January 2005, Published under Cement News

The Supervisory Board of HeidelbergCement AG has appointed Dr. Bernd Scheifele the new Chairman of the Managing Board. Scheifele, currently Chairman of the company1s

Siam Cement net almost doubled In 2004

24 January 2005, Published under Cement News

Siam Cement’s net profit likely almost doubled in 2004 from the year before, propelled by rising petrochemical prices, strong demand for cement and one-off gains from a major asset sale. Thailan

Indonesia plans to sign MoU with Cemex

24 January 2005, Published under Cement News

Indonesia plans to sign Memorandum of Understanding with Cemex tomorrow to settle Semen Gresik dispute over a failed put option deal for the sale of a majority stake in state cement firm Semen Gresik