Cement News tagged: Corporate
Foreign investor in Huaxin Cement share buy
Huaxin Cement Company, China has announced that its foreign shareholder Gaoling Fund, L.P bought an additional 155,300 US dollar denominated B shares or a 0.04% stake in the company through the tradin
Raysut plans for Pioneer deal
Raysut Cement Company, Oman’s largest producer, is pushing ahead with a US$172m deal to buy a UAE competitor. The acquisition of Pioneer Cement, a joint venture set up between Ras al Khaimah Inv
Vietnam Cong Thanh Cement sells bonds
Cong Thanh Joint Stock Company sold VND1.5 trillion (US$76.92m) worth of long-term secured corporate bonds in the domestic market on December 24 to raise fund for its cement project
Bharathi Cement announces second line start-up
Bharathi Cement has announced that Line No.2 at its Andhra Pradesh works in India has started production as per the original schedule in December 2010 pushing up capacity from 2.5Mta to 5.0Mta. The pl
ABC firms up sales contracts in lime
Australia’s Adelaide Brighton Cement has resolved some of the uncertainty surrounding its major sales contracts in lime and cement. Firstly the deal to supply lime to a local alumina producer cove
Yanbu Cement Q4 results show promise
Saudi Arabian producer, Yanbu Cement posted a 23% rise in net profit for the fourth quarter compared to the same period last year and 7.4% up against the third quarter, though full-year results saw
Cementos Argos share price falls
Cementos Argos SA dropped 1.4 per cent to 11,600 pesos. Colombia’s biggest cement maker fell for a second day after Colombia’s economy expanded less than forecast in the third quarter from a year earl
India’s Shree Cement fails to power up
Analysts at LKP have downgraded Shree Cements to underperformer in its December 28, 2010 research report. A laggard performance from its power division has been due to extended monsoons reducing
Holcim’s newest US plant illustrates cement economics
Given current US market conditions, the recently commissioned Ste. Genevieve plant on the Mississippi will be hard-pressed to generate adequate returns for the foreseeable future. However, now that th
New Philippine cement plant inaugurated
Eagle Cement Corp (ECC) has started commercial operations of its P6.73-billion Bulacan plant this month and is in place to augment cement supply in time for the peak of the construction season. There
Saudi cement-makers in weekly retreat
Arabian Cement Co slid 9.9 per cent, the most in more than two years, to 34.5 riyals. The Saudi Arabian maker of building materials said its plant in Jordan is facing delays and will cost an additiona
Polpaico major share trade sees Gasco exit
Chilean natural-gas supplier Gasco SA has raised 54.8 billion Chilean pesos (US$116.7m) after selling its 40.9% stake in local cement maker Cemento Polpaico SA this week. The proceeds from the sale
Lafarge sells aggregate and ready-mix assets
Lafarge has announced two disposals totaling circa €120 million, as part of its 2010 divestment plan. Lafarge has disposed of the integrality of its Aggregates & Concrete business in Portugal (29 conc
Holcim acquires aggregate and ready-mix operations
Holcim has acquired several aggregates and gravel operations and ready-mix concrete plants in Switzerland and France. Holcim, together with a French partner, Eiffage Travaux Publics, has purchased eig
New Chinese partnership for KHD
German cement manufacturing specialist KHD has announced a significant strategic partnership with China-based CATIC Beijing Ltd a subsidiary of China’s state-owned CATIC International Holdings Ltd, to
Further ACC purchases by Holcim
Holcim Group has started strengthening its stake in its Indian subsidiary ACC through further small-scale share purchases for the first time since September 2008. Ambuja Cement India and three other