Cement News tagged: Corporate
Twiga Cement oversubscribed ’three times’
Investors’ response to an initial public offer (IPO) floated by Tanzania Portland Cement Company (TPCC) a month ago has raised more capital that was needed by management. While the management wanted t
Cement Corporation restructuring
Seven shut down units of state-owned Cement Corporation of India (CCI) are planned to be sold off soon to revive three of the remaining plants in Andhra Pradesh, Assam and Himachal Pradesh, Heavy Indu
Ultratech expects large turnover increase
Ultratech Cement Ltd expects a 20 per cent rise in its gross turnover for the current fiscal year ending Mar. 31, 2007, its chairman said Monday. "We expect production to total 17.74Mt in the current
TPI falls short of target
TPI Polene Plc has raised Bt12.18 billion (US$340m) - short of its target of Bt16.78 billion - from selling 1.27 billion newly issued shares through a rights issue and a private placement. The compa
’Sibcement’ ordered to decrease its shareholdings
The Department of the Federal Anti-monopoly Service for the Krasnoyarsk Krai issued an order to ’Holding Company ’Siberian Cement’ OJSC (Kemerovo) to reduce its shares in ’Kras
YTL Corp earnings
YTL Corp Bhd reported a 63 per cent jump in its fourth-quarter net profit, driven mainly by its cement and utilities division. The group intends to grow these businesses by looking for opportunities i
HeidelbergCement set to take majority stake
HeidelbergCement is planning to take a majority stake in its equal joint venture with India’s IndoRama Cement, the Economic Times reported Thursday, quoting HeidelbergCement managing board membe
Monarch Cement - nine year high
CashFlowNews.com reports that EBITDA for The Monarch Cement Company for its twelve months ended June 30, 2006 was $30,361,979, a 106 per cent increase over the year earlier same twelve months when Mon
Javedan Cement sale agreement signed
The Pakistan Privatisation Commission on Wednesday signed a share purchase agreement (SPA) with Haji Ghani Usman & Group for transfer of Javedan Cement Limited (JCL) management after one year of biddi
Mysore Cements allots shares to Heidelberg
S K Birla group company, Mysore Cements Ltd, today said it has restructured its board and has allotted 6.65 crore additional fully paid-up equity shares to Cementrum IBV, a subsidiary of German cement
BCC returns to profitability
Benue Cement Company (BCC) has returned to profitability as a result of the major restructuring efforts undertaken by the new core investor which bought the Federal Government’s 35.39 per cent s
Holcim on growth track
In the first six months of 2006, Holcim produced further organic growth and improved its financial performance. Contributing factors include the generally favorable market environment, the enhanced sc
New assets help Anhui Conch net jump
Anhui Conch Cement, China’s biggest cement producer, said first-half net profit soared 457 per cent over the same period the previous year thanks to newly acquired assets which boosted its outpu
JK Cement, Dalmia talk venture?
After the recent consolidation, still more to come! This time, the middle-rung companies are now looking at setting up joint ventures.
Vinaconex Corp to sell shares
State-owned Vietnam Construction Import-Export Corp., or Vinaconex, will offer shares in the company worth VND650 billion ($40.6 million) via auctions next month, a Vinaconex official said Wednesday.
CRH to acquire Ashland Paving And Construction, Inc
CRH plc, the international building materials group, announces that its US subsidiary, Oldcastle Materials, Inc., has reached agreement to purchase Ashland Paving And Construction, Inc (APAC) for a to