Cement News tagged: Corporate
Holcim scales back investements
Holcim said on Thursday it would scale back its 2009 investment plans as it braces itself for tough conditions, though it would benefit from government projects.
Realisation of Semen Gresik loan delayed
The realisation of dollar-denominated loan worth US$600m by PT Semen Gresik Tbk is delayed from the end of 2008 targeted previously.
Binani Industries receives approval from court for abandoning swap scheme
Binani Industries Ltd has announced with reference to the earlier announcement dated November 18, 2008
TXI Reports 2Q, delay of Central Texas plant expansion
Texas Industries, Inc today reported financial results for the quarter ended November 30, 2008. Net income was $3.9m
CRH purchases shareholding in Yatai Cement, China
CRH plc announces completion of its acquisition of a 26% shareholding in the Jilin Yatai Group’s cement
PPA to restructure Semen Kupang, Indonesia
Ailing state cement producer PT Semen Kupang will be handed over to the Asset Management Company (PPA), a state-sanctioned agency
Merckle family empire gets bridge loan
The Merckle family of Germany said Wednesday that creditors agreed to provide a bridge loan for its
Prism Cement’s Q2 net declines 52%
Prism Cement Ltd posted 52 per cent fall in net profit during the second quarter of the financial year ending June 30, 2009.
China shares up on government support plans
China’s shares jumped Monday on the first trading day of 2009 after the government promised to take new steps to boost economic growth.
China National Building Material gets RMB5bn assets
The state-owned Inner Mongolia Power Group has agreed to transfer all of its equity holdings in Inner Mongolia Volan Cement Group (Volan Cement) to China National Building Material Group Corp.
New plant for Jamaica revived
Despite a global economic downturn, Canadian firm Cemcorp Cement is reportedly pressing ahead with plans to construct a US$200m cement plant and limestone quarry that will provide annual output 1.5Mt
Market leader ACC reviews past year
Sumit Banerjee, Managing Director of ACC, one of India’s leading cement groups discusses the past year, with 2008 marking the beginning of the end of one of the longest-profitable cycles the country’s
Growth in AFR business brings cheer to ACC, India
After reports of continuous de-growth in business, lay-offs, plant shutdown and putting its Rs 600 crore expansion of ready mix concrete business on hold
Vale to acquire Cementos Argos export coal assets
Brazilian mining giant Vale says it has reached an agreement to acquire all export coal assets of Colombia’s
Holcim Malaysia poised for higher sales despite economic slowdown
Holcim Malaysia Sdn Bhd expects to record better sales in 2008 despite a slowdown since the third
Cemex: canary Island asset sale completed
Cemex announced this week that it has completed the previously-announced sale of its Canary Islands operations to several Spanish subsidiaries of Cimpor Cimentos