Cement News tagged: Corporate

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

Dollar weakness to drive up sales for Cemex

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

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

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

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).