Cement News tagged: Corporate
Merckle rearranges HeidelbergCement holdings, Germany
Ludwig Merckle, a major shareholder of HeidelbergCement AG, has rearranged his holdings in the group, HeidelbergCement said
Gresik 2010 seen rising due to cost-efficiency
Indonesia’s largest cement producer PT Semen Gresik said its net profit in 2010 was estimated at IDR3.5trn (US$390m), up from IDR3.3trn in the previous year.
UltraTech posts 36% fall in quarterly profit, India
UltraTech Cement Ltd, India’s largest cement maker by capacity, Tuesday posted a 36% fall in its third-quarter net profit.
China Resources acquires stakes in four companies
China Resources Cement Holdings acquired stakes in four cement companies for a total of CNY406m (US$61.7m),
JK Lakshmi appoints new director, India
JK Lakshmi Cement today said IDBI Bank’s executive director, RK Bansal, has been appointed as director on the company’s board.
Binani Ind to buy public stake in Binani Cement
Binani Industries today said it will buy 30.1 per cent stake in its subsidiary Binani Cement from the public at INR82 per share (US$1.8)
Lafarge said to be drawing interest from gypsum unit
Lafarge SA drawing interest from buyout firms for its gypsum business, according to recent Bloomberg reports.
West China Cement Raises US$400m via five-year bond
West China Cement Ltd has raised US$400m via a five-year US dollar-denominated bond at a yield of 7.5 per cent,
Taiwan’s Asia Cement launches US$350m bond issue
Taiwan’s Asia Cement Corp (1102.TW) has launched a US$350m, five-year exchangeable bond issue
West Construction to acquire cement company
Xinjiang West-Construction intends to spend CNY20m of its self-owned capital to purchase a 100 per cent stake in Tianyu Huaxin Cement
Huaxin may acquire stake in Hubei Golden Dragon Cement
Huaxin Cement Co is planning to acquire an 80% stake in Hubei Golden Dragon Cement Co Ltd from Shaanxi Golden Dragon Cement Co
BBMG rises on plans to list through merger, China
Shares of BBMG Corp rose 3.7 per cent to HK$11.10 yesterday after the mainland cement producer issued its prospectus on its plans to list in Shanghai through a merger.
Saudi Cement reports increase of 13.2% in annual net profits
Saudi Cement announced the preliminary 2010 results, which showed net profit of US$175.8m, compared to US$155.3m in 2009
TCL to suspend debt servicing as group restructures
Trinidad Cement Limited (TCL) said Monday that it will cease paying its debts until a new turnaround plan is crafted and agreed to by lenders and investors in the company.
Sberbank to control largest producer in Novosibirsk, Russia
Sberbank has appealed to the Russian Federal Antimonopoly Service for approval in its bid to receive a 51 per cent stake in Iskitimcement
Cemex to issue US$1bn in bonds
Cemex plans to issue US$1bn in junk bonds to help pay down debt, the company said late Tuesday.