Cement News tagged: Corporate

Saudi Eastern Province Cement profit gains

12 January 2005, Published under Cement News

Saudi cement producer Eastern Province Cement Company (EPC) registered 7.0 per cent year-on-year increase in net profit to 277 mln Saudi riyals (US$73.9m) for 2004, the company’s board chairman,

Eagle Materials completes purchase

12 January 2005, Published under Cement News

Eagle Materials Inc announced today that it has completed the purchase of the remaining interest in Illinois Cement Company joint venture. The purchase price was $72m in cash for the 50 per cent joint

Heidelbergcement intends to invest

12 January 2005, Published under Cement News

HeidelbergCement plans to invest Euro 20m to its Ukrainian business in 2005, according to IntelliNews. In particular, the modernisation of their Kryvyi Rih Cement and Dneprocement plants is planned.

Cement & Steel: Mega Projects

11 January 2005, Published under Cement News

The Thai government has implemented a strategy for developing the country’s infrastructure to support Thailand’s comparative advantages and to sustain growth. During the government budget

Semen Cibinong under investigation

Semen Cibinong under investigation

11 January 2005, Published under Cement News

The Jakarta Stock Exchange (JSX) planned to investigate the skyrocketing price of Semen Cibinong’s shares by 75 per cent ahead of the plan of majority ownership on the cement manufacturing compa

Retail investors will be offered more bonds

10 January 2005, Published under Cement News

New bond issues in 2005 are expected to become increasingly structured as public offerings aimed at retail investors rather than for institutional investors, according to the Thai Bond Dealing Centre.

Holcim Transfer Semen Cibinong’s shares

Holcim Transfer Semen Cibinong’s shares

10 January 2005, Published under Cement News

Holcim Participations (Mauritius) Limited had transferred its whole ownership on PT Semen Cibinong Tbk (SMCB) as much as 77.3 per cent to Holderfin BV, the owner of 100 per cent shares of Holcimin Par

India Cements in fund-raising move

10 January 2005, Published under Cement News

India Cements is raising nearly Rs 250 crore through a mix of instruments to foreign investors Asia Debt Recovery Company Ltd, ADM Maculus Fund LP and Sheen Pearl Investments. The funds will be utilis

Insiders in FLS sell 59,314 Shares

10 January 2005, Published under Cement News

An insider management group in Danish engineering and cement group FLS Industries sold 59,314 shares worth a total of 5.9 mln Danish crowns ($1.0m), it was reported on January 6, 2005. After the sale

New head for Lafarge North America

07 January 2005, Published under Cement News

Lafarge North America Inc. Toronto, today announced that Eric C. Olsen officially assumed his position as executive vice president and chief financial officer on January 1, 2005. As previously announc

Philippines’ Union Cement higher

07 January 2005, Published under Cement News

Shares of Union Cement Corp were higher in late morning trade as investors’ buying interest shifted to second-line stocks, dealers said. Union Cement was up 0.06 pesos or 2.46 per cent at P2.50

Holcim Romania 2004 turnover up

07 January 2005, Published under Cement News

Holcim Romania, a unit of Swiss cement company Holcim Ltd, said on Thursday its 2004 turnover grew 10% due to investments in quality, service and innovation. It recorded 118 million euro ($156.5m) in

Shui On to dispose of four concrete companies

06 January 2005, Published under Cement News

Shui On Construction and Materials Ltd wholly-owned unit Shui On Building Materials Ltd said it will sell to Maxking Investments Ltd the entire issued share capitals of four companies it

Lafarge to look again at Loma Negra?

06 January 2005, Published under Cement News

Lafarge is reported to be interested in acquisition of the Argentine cement company Loma Negra. This Argentinian company, owned by Argentine businesswoman Amalia Lacroze de Fortabat, was put for sale

CRH sees FY pretax profits rising

05 January 2005, Published under Cement News

CRH said its full-year profit before tax is expected to break the Euro 1bn level (2003: Euro 864m) for the first time. The group has performed strongly in 2004 with good full year organic growth and

More Indian consolidation expected

05 January 2005, Published under Cement News

Year 2005 is likely to witness a phase of consolidation in the cement industry. There are several small players in the country, both profitable and ailing, that could be on the acquisition radar. Anal