Cement News tagged: Corporate

Greek Interbeton Buys out Livanis-Korbeton

21 December 2004, Published under Cement News

Greek concrete building products manufacturer Interbeton Building Materials, a subsidiary of Titan Cement group, bought out local concrete maker and trader Livanis-Korbeton in October 2004, Titan Ceme

PPC chief executive’s pay reduced

21 December 2004, Published under Cement News

Pretoria Portland Cement (PPC) had reduced the pay of its chief executive, John Gomersall, by 12 per cent in the year to September, even as profit at Africa’s biggest cement maker

Union Cement shares

20 December 2004, Published under Cement News

The Securities and Exchange Commission’s Office of the Government Counsel is reviewing whether Cemco Holdings should be required to buy out minority shareholders of publicly Union Cement Corp, a

Dniprotsement appoints Panchenko board chairman to replace Tsymerynov, Ukraine

20 December 2004, Published under Cement News

During the December 16 meeting, shareholders of the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) dismissed board chairman Oleh Tsymerynov and appointed Andrii Panchenko as his repla

TXI Announces Decision To Spin-Off Steel Business

TXI Announces Decision To Spin-Off Steel Business

16 December 2004, Published under Cement News

Texas Industries Inc (TXI) will spin off its steel business from the cement, aggregate and concrete segment to allow the two units to pursue separate growth strategies. The spinoff is expected to be i

Cement Akmene sales investments

16 December 2004, Published under Cement News

Akmenes Cementas, the only producer of cement in Lithuania, plans to invest 14.3 million litas (4.1 million euros) in 2005, twice the amount it invested this year. Arturas Zaremba, the CEO of the manu

Qatar National Cement Co To Sign $120m loan

Qatar National Cement Co To Sign $120m loan

16 December 2004, Published under Cement News

The Qatar National Cement Company (QNCC) will sign on December 19, 2004 a $120m syndicated loan agreement, it was reported on December 15, 2004. QNCC mandated a number of banks to arrange the loan in

Siam Cement units receive Deming awards

15 December 2004, Published under Cement News

Three Siam Cement Group subsidiaries have won Deming awards from the Japanese Union of Scientists and Engineers for excellence in Total Quality Management (TQM), according to Kan Trakulhoon, an SCC vi

Cemex aims for 4Q04 Ebitda of US$560m

14 December 2004, Published under Cement News

Cemex plans to report more than US$560m in Ebitda fourth quarter this year, which would represent a 10% jump over the same quarter last year, Cemex said in a statement.

Shree Cement expects good run in North India

14 December 2004, Published under Cement News

Cement prices are expected to firm up in the coming months, on the back of nearly 8%-9% growth in demand. Rajasthan-based Shree Cement is confident of achieving a good growth in both its top and botto

Cemex: Latin Equity Preview

13 December 2004, Published under Cement News

Cemex SA the world’s third-largest cement maker is scheduled to release its fourth-quarter earnings forecast before the market opens today. Cemex’s fourth-quarter earnings before interest,

Helwan Cement Announces 9M FY04 Results

13 December 2004, Published under Cement News

Helwan Cement announced 9M FY04 results ending September, wherein the company posted a LE1.8 million net profit balance compared to a LE44.8 million net loss incurred in 9M FY03. Sales revenues advanc

Somani to set up cement plant in Bhavnagar

13 December 2004, Published under Cement News

Somani Cement Company Ltd of Vadodara is setting up a 1000tpd cement plant at Bhavnagar with an investment of Rs150 crore. Financial institutions, foreign institutional investors and insurance compani

Italcementi’s Ciments Francais sees post-bid investments in Egypt

13 December 2004, Published under Cement News

Italcementi SpA’s quoted unit Ciments Francais SA plans to invest to improve efficiency and logistics at its Egyptian affiliate Suez Cement after the planned takeover, according to Ciments Franc

Wolseley downgrade say analysts

13 December 2004, Published under Cement News

Deutsche Bank has transferred coverage of Wolseley and undertaken a major review of the company. In its view most of the group’s key markets have peaked and are likely to decline in 2005. “As a

UltraTech Cement revenue to touch Rs.27bn

10 December 2004, Published under Cement News

UltraTech Cement, a unit of the Aditya Birla Group, is set to register a 12 percent rise in revenue to touch Rs.27bn ($614m) this fiscal. OP Puranmalka, the chief marketing officer of UltraTech Cement