Cement News tagged: Corporate
BK Birla targets 50% stake in group companies
Basant Kumar Birla intends to scale up promoter’s holding in group companies to at least 50 % over the next three years.
CNBM acquires stakes in 10 cos from parent
China National Building Material Co made successful bids to acquire stakes in 10 cement companies from
Czech Republic: Lafarge Cement to use CZK379m profit for dividend
Czech cement maker Lafarge Cement will use last year’s CZK379.4m (€14.6m or US$20.4m) profit for dividend payment
India’s Grasim may absorb UltraTech unit
India’s Grasim Industries plans to absorb its unit UltraTech Cement, to consolidate the group’s cement business under one arm,
Holcim well placed to buy into construction downturn
Holcim, the world’s second-largest cement maker, is well equipped to exploit a global construction slump and snap up more
CRH announces non-executive board appointment
The Board of CRH plc announced the co-option to the Board today, 24 June 2009, of John W Kennedy, as a non-executive Director.
No HeidelbergCement deal on Hanson set in concrete just yet
Germany’s HeidelbergCement has refinanced €8.7bn (US$15.1bn) in debt, taking some of the urgency away from any potential sale of its local unit, Hanson Australia
HeidelbergCement shares rise on refinancing agreement
HeidelbergCement, the German cement maker owned by billionaire Ludwig Merckle, rose the most in more than three months
Cemex could sell stock to relieve debt squeeze
Mexican cement giant Cemex SA, weighed down by huge debts from an acquisition made as the US housing-market went into freefall,
LIC purchases INR174 crore shares of Ultratech Cement
Life Insurance Corporation (LIC) of India has purchased 24lakh share of Ultratech Cement
HeidelbergCement seen up on financing
Shares in German cement maker HeidelbergCement are indicated 4.4 per cent higher in pre-market trade
Cemex Falls to Three-Week Low on Bank of America Cut
Cemex plunged to the lowest in three weeks in New York trading after it was cut to “underperform” from
Italcementi, Ciments Francais boards to meet Friday
The boards of Italcementi and Ciments Francais will meet on Friday to discuss the merger of the two
Cemex in further divestments
Martin Marietta Materials has paid Cemex US$65m for three quarries in Nebraska, Wyoming and Utah as
Lafarge Cement appoints new SA chief
Lafarge Cement has appointed Thierry Legrand as its new CEO for South Africa.
Vulcan expects weak orders to cut 2009 profit
Vulcan Materials Co on Wednesday forecast 2009 profit below Wall Street expectations as construction