Cement News tagged: Corporate
Anhui Conch says China cement prices to fall in 2009
Anhui Conch Cement Co, China’s biggest maker of the building material, said prices will decrease early next year on cooling demand for new property and infrastructure in some regions.
Tabuk Cement net profit down to US$37.8m Jan-Sep 2008
The net profit of Saudi cement producer Tabuk Cement Company (TCC) fell to SAR 142.3m (US$ 37.8m) in the first nine months of 2008 from SAR174.4m in the same period last year
HeidelbergCement’s Bosnian unit 1H net profit rises 88% YoY
Tvornica Cementa Kakanj (TCK), a Bosnian cement factory owned by Heidelberg Cement, reported a first-half net profit of 28.54 million marka
Ethiopia: EIB lends EUR 29m for Derba Midroc Cement Factory
Derba Midroc Cement company (DMC) in Ethiopia has benefited from a EUR 29m loan from the European Investment Bank (EIB)
Texas Industries under pressure from Sawiris
At the forthcoming annual general meeting of Texas Industries, on October 21 2008, Mr. Nassef Sawiris is trying to
JK Lakshmi Cement gains 3.8 per cent on thin volume
JK Lakshmi Cement , India’s thirty-fourth largest Construction company by market capitalisation, gained INR1.65 (or 3.8 per cent) to INR45.60,
Italcementi -Fabbriche Riunite Cemento increases 2.2 per cent, rising for a third day
Italcementi -Fabbriche Riunite Cemmento, Italy’s largest basic materials company by market capitalisation, increased 17.50 Eurocents
Buzzi Unicem Spa price 39.7 per cent below volume weighted price
Buzzi Unicem SpA, Italy’s largest Construction, Engineering & Materials company by market capitalisation, plunged €2.25
Heidelbergcement AG rises 1.3 per cent, in significant uptrend
HeidelbergCement AG rose 95 Eurocents (or 1.3 per cent) to €72.65. Compared with the DAX Index which fell 342.7 points
ACC to increase capacity to retain declining market share
India producer ACC, a part of the Holcim Group, plans to add more capacity after 2010 to retain market share.
Cemex: statement in light of current market conditions
Cemex warned on Thursday its derivatives position slid into negative territory as its share price collapsed and investors panicked about the company’s outlook.
Merckle buys more shares in HeidelbergCement
Majority shareholder of German cement producer HeidelbergCement, Adolf Merckle, bought further 578,395 shares in the group on Monday via his holding firm VEM Vermoegensverwaltung GmbH.
NNS Holding boosts Lafarge stake to 13.2 per cent
NNS Holding, the Luxembourg-based investment fund controlled by Nassef Sawiris, has boosted its stake in Lafarge to 13.2 per cent, a spokesman said on Wednesday.
Malaysia: offer for UEM Builder, CIMA becomes unconditional
UEM Group Bhd’ takeover offers of UEM Builders Bhd and Cement Industries of Malaysia Bhd (CIMA) became unconditional yesterday.
Sawaris want more from Texas
Nassef Sawiris, an Egyptian executive who owns nearly 15 percent of Texas Industries Inc.’s stock, has sent a letter to the company’s shareholders, petitioning them to oust two board directors, includ
Mondi Bag Converting invests in bag plant in North Western Europe
On 3 October 2008 Mondi will inaugurate a new bag converting plant in Belgium. The plant in Tubize with its long tradition of bag production, which goes back to 1928