Cement News tagged: Corporate

Andhra Cem in talks to place 15 per cent stake, India

23 August 2005, Published under Cement News

Gouri Prasad Goenka is in advanced stage of discussions for a private placement of close to 15 per cent stake in Andhra Cements. Goenka confirmed that talks were on but said nothing was finalised yet.

Siam Cement names new president

22 August 2005, Published under Cement News

The board of Siam Cement, Thailand’s largest industrial conglomerate, has, as expected, appointed Executive Vice President Kan Trakulhoon as its new president, replacing Chumpol NaLamlieng, who

Holcim Cesko buy-out bid

22 August 2005, Published under Cement News

Holcim plans, which controls 96 per cent in its Czech unit Holcim Cesko, will launch a buyout bid for the remaining shares in the company, it was announced on August 16, 2005. Holcim will offer Holci

PCLA allocates profits to its investment fund

22 August 2005, Published under Cement News

Shareholders of cement producer Povazska Cementaren, Ladce (PCLA) decided to allocate 89.4 per cent from its last year’s profit into its investment fund. From the total taxed profit that reached SKK17

Titan expected 1H rise

Titan expected 1H rise

19 August 2005, Published under Cement News

Greece’s Titan Cement is expected to announce a rise in first half year EBITDA of 2.2%under IFRS next Friday on the back of growth from its US and Balkan operations, offsetting weak post-Olympic

Merckle raises HeidelbergCement stake to 76%

19 August 2005, Published under Cement News

The takeover vehicle of German billionaire Adolf Merckle, Spohn Cement, and its affiliates now control 76 per cent of HeidelbergCement after buying more of the cement maker’s shares from the mar

Italcementi wins 98.5% acceptances in ASEC Cement bid

Italcementi wins 98.5% acceptances in ASEC Cement bid

19 August 2005, Published under Cement News

Italcementi SpA’s takeover offer for ASEC Cement has won acceptances totaling 98.5% of the Egyptian company’s capital, a financial source said.

JP Morgan may pick up 25% in Binani Cement

19 August 2005, Published under Cement News

An equity fund controlled by JP Morgan Chase is likely to pick up 25 per cent stake in Binani Cement for around Rs 150 crore. JP Morgan’s restructuring fund, it is learnt, will invest in the cem

Italy Mediobanca cuts stake in Ciments Francais to 4.98%

19 August 2005, Published under Cement News

Italian investment bank Mediobanca reduced its stake in French cement maker Ciments Francais SA, a subsidiary of Italian cement group Italcementi, to 4.98%. Mediobanca now has 2.93% of voting rights i

New State Cement’s chief appointed

19 August 2005, Published under Cement News

The ministry of industries and production has appointed MP Gangwani as chairman State Cement Corporation of Pakistan, an official announcement said

SCC expects more growth but margins down

18 August 2005, Published under Cement News

Even though Siam Cement (SCC) expected cement growth in 2H05 to be soft at 6-8%, down from 14% growth during 1H05, the company believes cement demand in the next five years will continue to grow at le

Saudi Yamama Cement H1 2005 net profit down

17 August 2005, Published under Cement News

Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 206.9 mln Saudi riyals (US$55.2m) for the first half of 2005, down 40.3 per cent year-on-

Minority shareholders of Chakwal complain

17 August 2005, Published under Cement News

We would like to draw your attention towards the acquisition of over 51 per cent stake in Chakwal Cement company, Pakistan in November 2004 by OCI Cement Group (ORASCOM). The group finalised the negot

Heard on Johannesburg radio

17 August 2005, Published under Cement News

South African cement sales rose by 11.1 per cent year on year in July 2005 - for the third consecutive month it was over a million tons, I think it was 1.016-million. That obviously bodes well for com

IMF team briefed on privatisation progress

17 August 2005, Published under Cement News

An IMF mission led by Mohsin S Khan, Director, Middle East and Central Asia Department, held just a meeting with Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, Pakistan. Hafe

Cemex rating raised – Moody

16 August 2005, Published under Cement News

Cemex SA, had its debt rating raised one level to investment grade by Moody’s Investors Service less than six months after the company made its largest acquisition ever. Moody’s raised Cem