Cement News tagged: Corporate

Holcim scores SEC order on tender offer

24 February 2005, Published under Cement News

Publicly-listed cement firm Holcim Philippines Inc. said that the decision of the Securities and Exchange Commission to reverse its policy on tender offers sends a wrong signal to investors. In a pres

Holcim clears formal hurdle on Aggregate bid

23 February 2005, Published under Cement News

Holcim said on Wednesday it had satisfied a formal condition for its planned takeover of Britain’s Aggregate Industries.

Indocement minority shareholders approve debt-refinancing scheme, Indonesia

23 February 2005, Published under Cement News

PT Indocement Tunggal Prakarsa’s minority shareholders approved the cement producer’s debt-refinancing scheme worth US$150m, the company said in a statement.

Titan net profit seen up 35.7% YoY, Greece

23 February 2005, Published under Cement News

Greek cement maker Titan Cement 2004 net profit is seen rising 35.7 per cent YoY to EUR169.5m (US$223.2m), local brokerage Egnatia Finance forecasts in its February 22, 2005 report.

HeidelbergCement’s 2004 turnover beats forecast

HeidelbergCement’s 2004 turnover beats forecast

22 February 2005, Published under Cement News

HeidelbergCement (HEIG.DE) reported on Tuesday an 8.8 percent rise in 2004 turnover thanks to higher cement prices and full consolidation of Indonesian unit Indocement.

Outlook: Lafarge FY profits to easily meet targets, France

21 February 2005, Published under Cement News

Lafarge SA, the world’s largest cement producer, will report full year net profit of EUR827-880m on Thursday morning, up from EUR728m the previous year, as the improved economic

Romanian Competition Council completes cartel report

Romanian Competition Council completes cartel report

18 February 2005, Published under Cement News

Romanian competition watchdog said it completed its report on cartel agreement allegations against cement companies Lafarge, Holcim and HeidelbergCement, government sources

Anhui Conch: favoured stock says Citigroup

18 February 2005, Published under Cement News

Anhui Conch Cement, China’s biggest cement maker, is among stocks favoured by a senior Citigroup analyst, because of increasing construction in the world’s fastest-growing major economy. "

Philippines’ SEC orders Cemco to set tender offer

17 February 2005, Published under Cement News

The Philippine Securities and Exchange Commission has ordered Cemco Holdings Inc to make a tender offer to other shareholders of Holcim Philippines Inc, formerly known as Union Cement Corp (UCC). Cemc

Ssangyong cement net profit tumbles in 2004

17 February 2005, Published under Cement News

Ssangyong Cement Industrial Co said Thursday that its net profit plunged 56.42 per cent on-year to 83.2 billion won (US$81.04m) in 2004. Operating profit also sank 47.23 per cent to

Govt court battle with Cemex looms

16 February 2005, Published under Cement News

The government has indicated it may continue its legal battle against Mexican cement giant Cemex SA at the international arbitration court, following a deadlock between both parties in the negotiation

Peruvian Pacasmayo posts higher profits

16 February 2005, Published under Cement News

Peruvian cement producer Cementos Pacasmayo posted a 73.5 mln Peruvian soles (US$22.6m) net profit for 2004, up 26 per cent year-on-year, Pacasmayo said on February

Open offer for Everest

16 February 2005, Published under Cement News

The open offer for Everest Industries Ltd by Accurate Finstock Pvt Ltd and Adani Port Infrastructure Ltd for 20 per cent of its voting equity share capital will be at Rs 147 a share of face value Rs 1

Gujarat Ambuja exits AP cement firm

16 February 2005, Published under Cement News

The Gujarat Ambuja group, which had entered a strategic alliance with the world’s second largest cement maker, Holcim, to make an open offer for ACC, has quietly divested its 7%-plus shareholdin

Japan’s Taiheiyo Cement 9 month data

16 February 2005, Published under Cement News

Taiheiyo Cement Corp’s nine months to December results: Revenue - 634.6 bln yen vs 649.4 bln Operating profit - 33.2 bln Current profit - 25.2 bln Net profit - 14.6 bln EPS - 15.71 yen There wer

Holcim Romania Launches Online Construction Guides

16 February 2005, Published under Cement News

Holcim Romania, a subsidiary of Swiss cement company Holcim Ltd, launched online miniguides addressing professional building companies, architects and other users with interests in the construction in