Cement News tagged: Corporate
Steppe Cement non-exec chairman sells 440,000 shares in co
Steppe Cement Ltd said non-executive chairman John Richardson sold 440,000 shares
India’s ACC says sells $52 mln surplus asset
Indian cement maker ACC Ltd said on Wednesday it had sold surplus assets, including land in the northern Haryana state, for INR2.05bn (US$52m).
India Cements to raise $150m to part fund capex
The board of India cements on Monday decided to raise a maximum of $150m including premium by way of issue of equity/ equity-linked securities in the Indian/international markets.
Monarch Cement Co - Nine Year High in EBITDA for Monarch Cement
EBITDA for The Monarch Cement Company for its quarter ended September 30, 2007 was $11,000,675,
Egyptian Ameriya Cement net profit up to US$43.9m
Egyptian company Ameriya Cement booked a consolidated net profit of E£242.4m (US$43.9m) in the first nine months of 2007, against E£238.7m
Egypt’s South Valley plans capital increase
Egypt’s South Valley Cement said on Sunday its board had approved a plan to increase its capital to E£2.2bn (US$398.6 m) from E£1.48bn to finance expansion.
HeidelbergCement: Still mulling hybrid, but equity cheaper
HeidelbergCement AG (HEI.XE) is still considering selling a hybrid bond to help fund its acquisition of U.K.-based Hanson,
Vulcan Materials buys Florida Rock
Vulcan Materials Co has closed its acquisition of Florida Rock Industries, Inc, for total consideration to Florida Rock shareholders of approximately $4.2bn based on the closing price of Vulcan stock
Saint-Gobain never approached Lafarge
French building materials group Saint-Gobain said on Friday it had never approached cement giant Lafarge about a possible merger and reaffirmed its commitment to sell its packaging unit in 2008.
Taiwan Cement aims to boost return on equity to 25 per cent
Taiwan Cement Corp aims to raise the return on equity (ROE) to 25 pct from the current 12-13 per cent,
Holcim ordered to dish out US$32m to workers
The office of Ecuador’s attorney general (PGE) has ordered the local branch of Holcim to pay US$31.7mn to its workers, PGE
ACC to transfer ready-mix concrete business to subsidiary
Cement major ACC has decided to transfer the ready-mix concrete business to its wholly owned subsidiary
Vulcan Materials and Florida Rock receive approval to close transaction
Vulcan Materials Company and Florida Rock Industries, Inc announced today that they have received clearance from the Department of Justice
Taiheiyo Cement downgrades FY net profit forecast
Taiheiyo Cement Corp decreased full-year net profit forecast 29.7 per cent to JPY22.5bn after increasing net profit 7.9 percent to JPY8.5 billion for the half-year to September 30, 2007.
Holcim’s open offer to Ambuja Cements begins tomorrow
Holcim’s open offer for over 20 per cent stake in Ambuja Cements will start from tomorrow.
Egypt’s Torah Cement 9-month net profit up 10.6 per cent
Egypt’s Torah Portland Cement reported a 10.6 percent rise in net profit for the first nine months of 2007 to £290.6m (US$52.8m),