Cement News tagged: Corporate
Dangote Group Appoints New CEO
Dangote Industries Limited, the holding company for the Dangote Group, the largest industrial conglomerate in West Africa and one of the largest in Africa has announced the appointment of Mr. Tony
Egypt’ National Cement Q1 net profit slides 39 per cent
Egypt’s National Cement posted a 39 percent drop in net profit to E£55.5m ($10.04m) in the first quarter of the fiscal year
Burnpur Cement plans IPO, India
Burnpur Cement Ltd, a West Bengal-based cement manufacturer, is foraying into the capital market with an IPO of 2,19,00,000 equity shares of Rs 10 each for cash at a premium of Rs 2 per share
Asia Cement plans to raise US$300m in Hong Kong
Asia Cement Corp., Taiwan’s second-biggest cement maker, will spin off its China unit to raise $300m in a Hong Kong initial public offering in the first quarter,
Jakarta rejects Semen Gresik plan to issue convertible bond
The government refuses to approve plan by state-owned cement maker PT Semen Gresik to issue convertible bond (CB) to finance the construction of new cement factories.
Morgan Stanley stakes stake in Portuguese Semapa
US investment bank Morgan Stanley has become the holder of a 2.67 per cent stake in the the share capital and 2.799 per cent in the voting rights of Semapa.
Ecocem appoints Laurence Crowley
Irish cement-maker Ecocem has appointed accountant and former Bank of Ireland governor Laurence Crowley as its chairman.
JK Lakshmi Cement’s net profit more than doubles
JK Lakshmi Cement Ltd (JKLC) has posted a net profit at Rs 142 crore during six months of the current fiscal as compared to Rs 66 crore in the corresponding period of the previous year.
Downward revisions by Euroconstruct
The latest Euroconstruct Conference held in Vienna, issued its revised forecasts for 19 European construction markets for 2007 to 2009 and released new forecasts for 2010.
Cemex given extension for divesture of US assets
According to the US Department of Justice’s web-site, Cemex has being given a 21-day extension for it to divest of its 39 rmc, concrete block and aggregates facilities in Florida and Arizona,
Lafarge Cement Russia net profits up 93%
In 3Q2007, net income of Moscow-based Lafarge Cement rose by RUR304,598,000, or 93%, compared with the second quarter of 2007.
Cemex Irish Readymix makes €11.5m acquisition
Irish Cement manufacturer Readymix has paid €11.5m in cash to acquire Tipperary-based firm Denis Tarrant & Sons. An aggregate and ready-mixed concrete producer, Denis Tarrant reported turnover last ye
SCG changes focus in Philippines
Siam Cement Group (SCG), one of the largest conglomerates in the region, is freezing investment plans for new projects in the Philippines, saying it will focus more on mergers and acquisitions. The Da
Hoang Mai Cement to issue shares
The Hanoi Securities Trading Centre on November 30 will auction nearly 17.8 million shares in Hoang Mai cement company
JK Lakshmi comes out of debt restructurin
India’s JK Lakshmi Cement Ltd, belonging to JK Group, today said the company has come out of the Corporate Debt Restructuring (CDR).
Higher profits for YTL Cement, Malaysia
YTL Cement Bhd registered a higher pre-tax profit of RM76.443 million for its first quarter ended Sept 30, 2007 from RM52.696 million in the