Cement News tagged: Corporate

India limits foreign fund buying in ACC

01 December 2004, Published under Cement News

The Reserve Bank of India said foreign institutional investors cannot make new purchases of Associated Cement Companies Ltd. (ACC) without its approval, as their holdings had reached the trigger limit

Eagle Materials to buy remaining share of Illinois Cement

01 December 2004, Published under Cement News

Eagle Materials Inc. announced today that it has entered into an agreement to purchase the remaining 50% interest in Illinois Cement Company joint venture for a purchase price of $72m in cash. The Il

Indian promoters of Prism cements buy out foreign stakes

30 November 2004, Published under Cement News

Indian promoters of Prism Cements have bought out the entire 8.38 per cent holding of foreign promoters F L Smidth & Co and IFU of Denmark in the company, taking their stake to over 61.7 per cent. Ma

Candidates Apply for Saudi Tabuk Cement Co Board Members

30 November 2004, Published under Cement News

A total of 22 candidates have applied for board members of Saudi cement producer Tabuk Cement Company (TCC), it was reported on November 28, 2004. The company has called a general shareholders’

YTL improves in its first quarter results, Malaysia

YTL improves in its first quarter results, Malaysia

29 November 2004, Published under Cement News

YTL Corp Bhd made a net profit of RM161.3m(US$42.5m) on turnover of RM1.178bn (US$310m) in the first quarter ended Sept 30, on strong contribution from utilities and cement manufacturing.

Semapa Q3 net rises, Portugal

29 November 2004, Published under Cement News

Industrial holding company Semapa said net profit surged five-fold to Euro 162.317m in the third quarter from Euro29.176m a year earlier, boosted by cash flow from the sales of stakes in cement makers

Turkish Akcansa Jan-Sept 2004 net profits

Turkish Akcansa Jan-Sept 2004 net profits

29 November 2004, Published under Cement News

Turkish cement producer Akcansa Cimento reported a net profit of 54.3 trln lira (US$38.2m) for the first nine months of 2004, compared to 14.1 trn lira (US$9.9m) for the same period of 2003.

Holcim issues 10-year bond

25 November 2004, Published under Cement News

Holcim Holding Ltd have issued a 10-year Euro 600m bond

Cement firms making firm gains

25 November 2004, Published under Cement News

The average per-bag price realisation of Indian cement makers increased from a modest four per cent in the financial year 2003-04 to

SCC eyes debenture issue

25 November 2004, Published under Cement News

Siam Cement (SCC), one of Thailand’s leading industrial conglomerates, said it will issue 20 billion baht worth of debentures next year for debt refinancing to enable it to bring down its annual inter

Alexandria Cement posts profits

25 November 2004, Published under Cement News

Egyptian cement producer Alexandria Cement reported a consolidated net profit of 37.39m Egyptian pounds (US$6.0m) for the first nine months of 2004,

UAE Gulf Cement Gets $41.7m loan

25 November 2004, Published under Cement News

UAE cement maker Gulf Cement Company, based in the emirate of Ras-al-Khaimah, has secured a loan worth 153 mln UAE dirhams (

State Cement merged into PIDC

25 November 2004, Published under Cement News

Pakistan State Cement Corporation (SCC) has been merged into Pakistan Industrial Development Corporation (PIDC) according to managing director of State Cement Corporation, Mohammad Aslam Chandio. He s

Holcim sells to Credit Suisse First Boston International

24 November 2004, Published under Cement News

In December 2001 Holcim concluded a Total Return Swap contract with Cartera Lusitana SA related to 9.5 per cent shareholding in Cimpor - Cimentos de Portugal, SA.

CSFB launches Euro 370m convertible into Cimpor

24 November 2004, Published under Cement News

Credit Suisse First Boston said on Wednesday it had launched a Euro 369.7m bond exchangeable into shares of Portugese cement company Cimpor.

Malayan cement reports sharp fall in pre-tax profit

24 November 2004, Published under Cement News

Lafarge Malayan Cement Bhd’s group pre-tax profit for the third quarter ended 30 September 2004 plummeted 60.4 per cent on-year to RM18.602 million (US$4.9 million) due to lower domestic demand