Cement News tagged: Corporate

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

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

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).

L&T re-listed, closes day one at Rs 635: The stocks markets have valued the engineering and construction business

25 June 2004, Published under Cement News

The stocks markets have valued the engineering and construction business of Larsen & Toubro (L&T) at Rs 635 a share

Grasim offer for CemCo oversubscribed

24 June 2004, Published under Cement News

Fifteen months after it opened its ambitious gambit for L&T’s cement business, the Aditya Birla group is poised to finally take control of Ultra Tech CemCo Ltd, into which the 16.5Mt cement divi

Lafarge eyes buyouts to increase capacity , India

24 June 2004, Published under Cement News

Cement major Lafarge India will explore acquisitions to enhance its manufacturing capacity in view of the growing demand for cement.

HeidelbergCement Romania

23 June 2004, Published under Cement News

HeidelbergCement Romania, the local subsidiary of German cement maker HeidelbergCement, expects a 10 per cent year-on-year rise in its turnover for 2004 to about Euro 130m, Ziarul Financiar daily said

Top EU Court Says Portugal was wrong

23 June 2004, Published under Cement News

Europe’s top court said Tuesday that the Portuguese government was wrong to attempt to block the takeover of cement company Cimpor. The verdict represents a blow to governments who want to keep

Institutions will make good

23 June 2004, Published under Cement News

The AV Birla Group company Grasim Ltd¹s open offer for 30 per cent of Ultra Tech CemCo, the demerged cement business of Larsen & Toubro, is likely to sail through with the financial institutions (FIs)

Cementos Molins’ shareholders to vote

22 June 2004, Published under Cement News

The board of shareholders of Spanish cement producer Cementos Molins will vote tomorrow on a Euro 265.5m plan to take over the 40.9 per cent stake of the group which is in the hands of French counterp