Cement News tagged: Corporate

Holcim-Gujarat ambuja offer

12 April 2005, Published under Cement News

Indian investors have put in shares constituting about 21 per cent capital of Associated Cement Company Limited in response to a combined open offer by Gujarat Ambuja Cement Ltd and Holcim Ltd which c

Dontsement Increases Cement Production

12 April 2005, Published under Cement News

In January-March, the Dontsement company (Amvrosiivka, Donetsk region, Ukraine) increased cement production by 54.4 per cent or 62,000t compared with January-March 2004, to a total 176,000t. This was

Holcim to invest more in Romania

12 April 2005, Published under Cement News

Holcim Romania, plans to invest around 32 million euros this year in Romania, financial daily Ziarul Financiar reported on Tuesday. Holcim Romania’s turnover rose by 30 percent in 2004 from the

Goltas Cimento increases net profits

12 April 2005, Published under Cement News

Turkish cement, clinker and ready mix concrete producer Goltas Cimento posted a net profit of 19.194 mln new Turkish lira ($14.3m) for 2004, up from 11.038 mln lira ($8.2m) for the previous year, acco

Holcim and GACL achieve financial closure, India

Holcim and GACL achieve financial closure, India

11 April 2005, Published under Cement News

Gujarat Ambuja Cements Ltd (GACL) and Holcim Ltd on Thursday completed financial closure of transaction worth Rs 35.4bn (US$810.4m) under which Holcim will hold 67 per cent stake in Ambuja Cement Indi

Egyptian Ameriya Cement 2004 profit rise

11 April 2005, Published under Cement News

The net profit of Egyptian cement company Ameriya Cement rose 13.22 per cent YoY to E£23.63m (US$4.1m) in 2004.

Kuwaiti Cement Co to raise capital

Kuwaiti Cement Co to raise capital

11 April 2005, Published under Cement News

Kuwaiti cement maker Kuwait Cement Company will raise its capital to KWD39.5m (US$135.3m) via a five per cent bonus issue for 2004.

Taiwan Cement March parent sales

11 April 2005, Published under Cement News

Taiwan Cement Corp said its parent sales in March rose to TWD 2.50bn from TWD 2.48bn in the same month last year.

China Resources Cement Jan-Feb sales up

08 April 2005, Published under Cement News

China Resources Cement Holdings Ltd saw sales of its core cement and concrete products grow in the first two months of this year, but the gross profit margin fell as raw material costs increased, the

Holcim GAC close deal

08 April 2005, Published under Cement News

Gujarat Ambuja Cement (GACL) and Holcim on Thursday announced the completion of the financial closure of a Rs 3,540 crore transaction by which Holcim has taken a stake in Ambuja Cement India. "Holcim

Egyptian Assiut Cement 2004 Net Profit Soars

08 April 2005, Published under Cement News

The net profit of Egyptian cement producer Assiut Cement soared to 286.2 mln Egyptian pounds ($49.4m) in 2004 from 28.92 mln pounds ($5.0m) in 2003. The surge in bottom-line profit followed a 40.1 pe

Saudi Eastern Province Cement Q1 2005 Profit

08 April 2005, Published under Cement News

Saudi cement producer Eastern Province Cement Company (EPC) reported a 15 per cent year-on-year increase in its profit after Zakat to 65.5 mln Saudi riyals ($17.5m) for the first three months of 2005,

LIC to tender its stake in Holcim open offer for ACC

07 April 2005, Published under Cement News

The Life Insurance Corporation (LIC) of India, the largest institutional shareholder in the Associated Cement Companies (ACC) Ltd has decided to tender a five per cent stake in the open offer of Holci

Peru’s Cementos Pacasmayo buys US Mica Mines

07 April 2005, Published under Cement News

Peru’s Cementos Pacasmayo SAA said Wednesday its Atlanta-based subsidiary, Zemex Corp., has bought the Kings Mountain, N.C., mica operations of Oglebay Norton Specialty Minerals, Inc. Oglebay N

New management to inject cash into Essa Cement

07 April 2005, Published under Cement News

The new management of Essa Cement in Pakistan has planned to inject fresh funds in the company and name it as Al-Abbas Cement, while the board of directors has also approved 200 per cent right share i

FCC buys Hanson ready-mix plants

06 April 2005, Published under Cement News

The cement unit of Spanish builder FCC has bought 19 Spanish concrete plants from Britain’s Hanson Plc for more than 20 million euros the unit said on Tuesday. Cementos