Cement News tagged: Corporate
Colombia’s Cementos Argos Sells COP80bn in One-Year Notes
Colombia’s largest cement company, Cementos Argos SA, Thursday sold COP80bn (US$45m) worth of commercial notes, the company told the securities regulator.
James Hardie shares tumble
Australian James Hardie Industries, the largest seller of home siding in the US, today posted a full-year loss as the slump in US housing market deepens. Sydney-based Hardie said its net loss was $US7
Cement cartel success boosts UK claims
Investigators gathering evidence over alleged cement price fixing in the UK have been boosted by Heidelberg, Lafarge, Holcim, Cemex and three other cement producers losing their court bid in Germany t
CRH appoints Chief Executive Designate
CRH announces the appointment of Mr. Myles Lee as Group Chief Executive Designate. Mr. Lee will succeed the current Chief Executive, Mr. Liam O’Mahony, when he retires as previously announced at
JK sees profits fall
JK Cement, one of the largest cement manufacturers in North India and the second largest white cement producer in the country, announced a marginal fall in standalone net profit for the fourth quart
L&T, Grasim joust over UltraTech stock
Two of India most valuable companies Larsen and Toubro Ltd (L&T) and Grasim Industries Ltd, which have been at loggerheads since the early 2000s over cross-holdings, are facing another contentious iss
Cement stocks in the spotlight
Malaysian cement companies attracted attention yesterday following speculation that the industry will be the next to be liberalised after the steel industry. Analysts are positive that a cement price
Barclays cuts its stake in Holcim
Holcim has announced that Barclays has cut its stake in the group to below the 3 per cent reporting threshold. The Swiss cement maker also said that UBS currently holds a stake of 3.16 per cent in H
CRH share buyback
CRH plc announces that on 19thMay 2008 that UBS Limited purchased, on behalf of the company 71,522 Ordinary Shares of EUR0.32 each in CRH plc at prices between EUR24.317and EUR24.60 per Ordinary Shar
Lafarge sets out guidance on Euro bond
Lafarge has set guidance on its planned two-part euro bond that will help refinance its purchase of Egypt’s Orascom Cement, an official at one of the banks managing the sale said on Monday. Lafa
The China effect
Shares of Asia Cement (China) Holdings were up 44% at the midday break on their Hong Kong debut Tuesday, boosted by strong demand for cement to be used in reconstruction after last week’s eart
India heads for more consolidation
After a flurry of mergers and acquisitions – CRH acquiring My Home Industries for $462 million, Lafarge buying L&T Concrete’s RMC business for $349 million and Heidelberg consolidating its business
Asia Cement share sale pays dividends
Shares of Asia Cement (China) Holdings were up 44% at the midday break on their Hong Kong debut Tuesday, boosted by strong demand for cement to be used in reconstruction after last week’s eart
Egyptian producer financials
Egypt’s South Valley Cement reported a 16.3 per cent decline in first-quarter net profit to 46.5 million Egyptian pounds ($8.7 million), the stock exchange said on Sunday. The company made a net
UK producers take the strain
Recent financials by UK cement majors, Holcim, Lafarge and Heidelberg indicate signs of weakening sales in the UK. Heidelberg,
Dontsement to merge with Kryvyi Rih Cement
Ukrainian News reports that Kryvyi Rih Cement is intending to merge Dontsement and Cement of Donbas in Donetsk region. In December