Cement News tagged: Corporate
Castle Cement rises to capacity challenge
Castle Cement has announced it is increasing production capacity and by 2008 will have an additional 10 per cent output compared to 2006.
Texas Industries hit by wet weather
In its financial year to the end of May, Texas Industries increased turnover by 5.5% to US$996.25m.
HeidelbergCement creates board role for Hanson buy
HeidelbergCement plans to appoint a new board member to oversee the integration of Hanson, which it is buying for UK£8bn ($16bn).
Blackstone bids for HeidelbergCement unit
Private equity companies including Blackstone and Bain Capital have bid for HeidelbergCement’s ’s maxit unit,
Taiwan’s Asia Cement June parent sales TWD888.34m vs TWD858.13m
Asia Cement Corp said its parent sales in June rose to TWD888.34m from TWD858.13m in the same month a year earlier.
Thailand’s TPI Polene (TPIPL): Big YoY jump in 2Q07 earnings seen
TPI Polene (TPIPL) is expected to announce a 2Q07 normalised profit of Bt397m, down 20% QoQ but up 64% YoY
Tabuk Cement posts US$32.02m 1H07 net profit
The net profit of Saudi producer, Tabuk Cement Company (TCC) stood at SAR120.1m (US$32.02m) for the first half of 2007
Mexico’s Cemex takes 87.84% of Rinker
Cemex has acquired 87.84 per cent of Rinker Group’s shares by the close of trade on Thursday.
Holcim extends offer to St Lawrence shareholders
Holcim said on Thursday it had extended the expiry date of its offer to minority shareholders of Canada’s St. Lawrence Cement Group.
Pakistan’s Lucky Cement to issue GDRs
Lucky Cement said on Tuesday it plans to issue global depositary receipts (GDRs) to raise funds for its expansion plans.
Binani Cement earnings at Rs 506.7m
Kolkata-based cement maker Binani Cement posted net profits of Rs 506.7m on sales of Rs 1,956.2m for the quarter ended June 2007.
Indian cement makers plan cost-efficient steps
Apprehensive of any further intervention by the government, the Indian cement sector is taking cost-efficient measures to ensure better profit margins in the coming quarters.
Cemex increases Rinker stake to 85.53%
Cemex has secured 85.53 per cent of Rinker Group Ltd, just short of the 90 per cent needed to automatically acquire the rest of the company.
India Larsen & Toubro may sell UltraTech cement stake
Indian engineering and construction company Larsen & Toubro Ltd plans to sell its 11.5% equity stake in UltraTech Cement Ltd a unit of Aditya Birla Group
Aveng expects FY headline EPS up 100-120 per cent
South Africa’s Aveng said on Monday full year headline earnings per share, as well as earnings per share (EPS), was expected to increase as much as 120 per cent.
China’s Huaxin Cement to issue CNY500m in 364-day debt
Huaxin Cement Co Ltd said it plans to issue CNY500m worth of 364-day debt on the interbank bond market on July 5.