Cement News tagged: Corporate

Hanson foresees lower first half profits

02 July 2004, Published under Cement News

While the North American aggregates division has been trading in good markets overall, helped by better weather conditions in the east and higher cement deliveries in California, trading in the Americ

RMC is closing Westphalian kiln

02 July 2004, Published under Cement News

The RMC Group is splitting out its cement operations from its geographical management structure to be run as a separate business to include all of the group¹s cement manufacturing and trading operatio

Grasim joins the top 10

02 July 2004, Published under Cement News

KumarMangalam Birla, the chairman of the Aditya Birla Group, could not have hoped for a better birthday gift. Shortly after his 47th birthday in mid-June, the stage has been set for the entry of Gras

Buzzi Unicem plans further share purchase

01 July 2004, Published under Cement News

Buzzi Unicem, the Italian cement and concrete group, is reported to be planning to increase its stake in Dyckerhoff, the German building materials group. It will finance the purchase with part of the

Cementos Portland Valderrivas posts profit increase

Cementos Portland Valderrivas posts profit increase

01 July 2004, Published under Cement News

Cementos Portland Valderrivas, part of Cementos Portland Valderrivas SA, generated net profits of just under Euro148.5m in 2003, a 30.5 per cent increase on the 2002 figure. Cementos Portland Valderr

Goltas Cimento buys RMC plant

01 July 2004, Published under Cement News

Turkish cement producer Goltas Cimento has bought a ready-mixed concrete plant from Turkish cement manufacturer and retailer Adana Cimento and ready-mixed concrete company Oyak Beton for a total 1.05

Loan to ACC, Algeria

Loan to ACC, Algeria

01 July 2004, Published under Cement News

The European Investment Bank (EIB) has awarded a new loan, for US$12m, to ACC (Algerian Cement Company), to fund the extension of a cement works near M’Sila, 240 km south-west of the capital. Th

Record year for Trinidad Cement

30 June 2004, Published under Cement News

2003 was a record year for Trinidad Cement Limited, (TCL), setting a new sales record for cement in all three territories in which it operates. The group sold some 1.697Mt of cement, an increase of 3

Semen Gresik’s predicament

30 June 2004, Published under Cement News

The predicament of publicly-listed PT Semen Gresik, which is now in an arbitration process at the International Center for Settlement of Investment Disputes in Washington, took a sharp turn for the wo

Lafarge lengthens debt maturity

30 June 2004, Published under Cement News

Lafarge, joined the list of companies taking advantage of historically low interest rates to lengthen the maturity on its debt on Tuesday, as the company offered to buy back up to Euro1bn of its debt

Juan Minetti pays creditors US$13m

30 June 2004, Published under Cement News

Juan Minetti, Argentina’s second largest cement producer, and controlled by Holcim, has paid bank and financial creditors some US$13m as part of a debt restructuring, Minetti said in a filing to

Siam City Cement names top exec

30 June 2004, Published under Cement News

Siam City Cement, has appointed Leo Mittelholzer as managing director, replacing Vincent Bichet, who has moved to head Holcim’s unit in France. Siam City Cement is scheduled to hold a press con

Rough road ahead for UK arm, RMC warns

29 June 2004, Published under Cement News

RMC has warned that reduced spending on roads in Britain coupled with problems at one of its cement plants would slash first-half profits in its UK business by almost half. However, the group, which i

Gresik shares suspended, Indonesia

29 June 2004, Published under Cement News

Shares in Indonesia’s largest cement company, Semen Gresik, were suspended yesterday after its auditors attached a disclaimer to its 2003 results, citing incomplete data from a rebel unit of the

Cemex seeks US$800m syndicated loan-LPC

29 June 2004, Published under Cement News

Cemex is negotiating a US$800m three-year syndicated loan to refinance other debt, Loan Pricing Corp. said, citing unnamed market sources. According to LPC, a unit of global news and information com

Buzzi Unicem approves EUR206m capital hike

29 June 2004, Published under Cement News

The board of directors of Italy’s Buzzi Unicem has approved a capital increase of EUR206m (US$250.4m).