Cement News tagged: Corporate

Dollar weakness to drive up sales for Cemex

09 December 2004, Published under Cement News

A wobbling dollar means more solid sales for Mexico’s Cemex as currency appreciations in its operations from Barcelona to Bogota are seen translating into higher greenback revenues.

HeidelbergCement seals EUR 1bn refinancing loan, Germany

09 December 2004, Published under Cement News

HeidelbergCement has signed a EUR 1bn (US$1.3bn) loan to refinance its outstanding debt facility

Shiva board approves fresh issue of equity shares, India

09 December 2004, Published under Cement News

Shiva Cement Ltd., has informed BSE that the Board of Directors of the Company at the meeting held on December 06, 2004 have approved the following:

Government may allow Cemex to increase stake in Gresik, Indonesia

07 December 2004, Published under Cement News

The Indonesian government is considering an option to allow Cemex to increase its stake in the country’s largest cement maker PT Semen Gresik to 49 or 51 per cent, according to local news report

Efforts to reopen CCI unit

Efforts to reopen CCI unit

06 December 2004, Published under Cement News

Representatives of the Cement Corporation of India Employees Union (CCIEU) and Staff and Workers’ Union (SWU), Adilabad, will meet the Chief Minister, Y. S. Rajashekhara Reddy, on December 7 to

Austrian Lasselsberger wins permit for Czech plant

06 December 2004, Published under Cement News

Austrian ceramics and building materials group Lasselsberger GmbH will build a 2.5 billion crown (US$108m) cement factory in the Czech Republic, the company’s Czech unit said on Friday. The f

Cimpor buys Spain’s Branas de Brins

Cimpor buys Spain’s Branas de Brins

06 December 2004, Published under Cement News

Portuguese cement company Cimpor has bought Spanish company Branas de Brins for Euro 7.51m. Cimpor said late on Thursday its Spanish subsidiary Noroeste Corp., signed the contract to buy Branas de

Raysut Cement proposes RO15m rights

06 December 2004, Published under Cement News

Raysut Cement, Oman has proposed to come out with a rights issue of five million shares at a price of RO3.000 per share aggregating to RO15 million. The rights offer is to part-finance the company’s

WEDCO to enter into new lease negotiations

06 December 2004, Published under Cement News

The West End Development Corporation is to enter into new lease negotiations with the Bermuda Cement Company (BCC). WEDCO chairman David Burch made the announcement last night after staff at BCC - whi

Philippines Republic Cement issues notes

03 December 2004, Published under Cement News

Republic Cement Corp said it has issued PHP1.35 billion worth of 10-year convertible loan notes to Lafarge Holdings (Philippines) Inc. The convertible notes, issued Wednesday, carry an interest rate o

Indocement eyes 10% sales increase in 2005, Indonesia

03 December 2004, Published under Cement News

PT Indocement Tunggal Prakarsa Tbk set the target that the revenue of the company would increase by 10% next year, compared to the target of 8% increase this year.

China Res Cement to buy HK$152m JV stake, China

03 December 2004, Published under Cement News

China Resources Cement Holdings Ltd has agreed to buy a 73.5 per cent stake in a cement production joint venture from its parent China Resources (Holdings) Ltd. for HK$151.7m (US$19.4m).

Misr Cement Quena completes sale of 465,630 shares

03 December 2004, Published under Cement News

Misr Cement Quena completed the sale of 465,630 shares that were previously not fully subscribed to, representing 1.55% of the company’s total shares at an execution price of LE27.77/share

SEC approves Union Cement name change to Holcim Philippines

03 December 2004, Published under Cement News

Philippines’ SEC approves Union Cement name change to Holcim Philippines MANILA Union Cement Corp said the Securities and Exchange Commission (SEC) has approved the amendment to its articles of

Suez Cement nine-month net profit, Egypt

03 December 2004, Published under Cement News

Egypt’s Suez Cement reported a 94 per cent increase in nine-month 2004 net profit to E£182.59m. The company, 34 per cent owned by Ciments Francais, earned E£93.09m in the same period last year,

ZPA Picks Kenya’s Athi River Mining to Buy Ndola Lime

01 December 2004, Published under Cement News

The Zambia Privatisation Agency (ZPA) has chosen Athi River Mining of Kenya as the preferred bidder for Ndola Lime Company. Other companies that tendered bids for Ndola Lime include the Chillerton Gr