Cement News tagged: Corporate
Kesoram increases borrowing limit to meet expansion plans, India
To meet the expenses of its future expansion plans, Kesoram Industries Ltd on Thursday increased its borrowing limit to Rs 2,000 crore from Rs 1,000 crore.
FCC ups 2006 forecasts, sees European buys
Spanish construction and services group FCC wants to accelerate its growth through acquisitions and is looking at various opportunities in Europe where it could replicate its business model.
Merger at FLSmidth
The respective Boards of Directors of FLSmidth & Co. and Potagua FLS decided to carry out a taxable merger of the two companies with FLSmidth & Co. being the continuing company and Potagua FLS the dis
Buyout will help CNBM boost output
Hong Kong-listed China National Building Material announced Wednesday it will pay 961.1 million yuan (US$120m) to fully acquire Xuzhou Conch Cement, in a move designed to boost its production capacity
Lucky Cement clinches three gold medals
Lucky Cement clinched three gold medals in Sarhad Chamber of Commerce & Industry (SCCI) ’Businessman of the Year’ Gold Medal Awards for 2004-05 in categories of ’top investor’
US Concrete to buy Alberta Investments affiliate
US Concrete Inc on Wednesday said it agreed to acquire all outstanding capital stock of Alberta Investments Inc. and its affiliate Alliance Haulers Inc. for US$165m.
Siam City Cement in share buy-back
Siam City Cement, Thailand’s second largest cement maker by capacity, said Thursday it will buy back up to 7.5 million shares, or three per cent of its total issued shares, for as much as THB1.8
Cement cartelisation probe to be widened
All cement makers in India are set to answer some uncomfortable questions in the next few days. The Monopolies & Restrictive Trade Practices (MRTP) Commission has asked its investigation arm to broade
Eagle Materials Inc. Raises Q1, FY 2007 EPS Guidance
Eagle Materials Inc. announced that it has increased its first quarter and fiscal year 2007 earnings per share (EPS) guidance. For the first quarter of 2007, it expects EPS of $1.10 to $1.20, compared
HeidelbergCement to buy out Teutonia
German cement company Teutonia Zementwerk AG said Monday its majority shareholder HeidelbergCement AG will make a cash offer to holders of preference shares ahead of a delisting from the Hanover stock
GCC looking for cash
On the back of a rather aggressive foray into the United States with four acquisitions in the past six months, Mexican company Grupo Cementos de Chihuahua (GCC) entered the private market last week vi
ACC sells shares to Ambuja Cement
The Associated Cement Companies(ACC) has sold 38,75,627 shares aggregating to 2.07 per cent of the total share capital of the company between May 31, 2006 and June 14, 2006, to Ambuja Cement India. Th
UltraTech Cement net zooms
UltraTech Cement has disclosed a phenomenal jump in net profits for the quarter ending in March 2006. During the quarter, the company witnessed a 1549.80 per cent rise in profits from Rs49.40m to Rs.
China National Building to acquire cement business?
China National Building Material Co Ltd (CNBM) said it is in talks with certain independent third parties regarding the possible acquisition of a cement business operating in China. The company said i
Lafarge could sell some German activities
Lafarge is expected to sell its business with roof-tiles, which would mean the withdrawal of the group from large parts of its German operations. The company says that it is still at an early stage in
Cementos Molins may seek more acquisitions
Smarting from its failure earlier this month to acquire fellow Spanish cement producer Uniland, Spanish cement group Cementos Molins is looking to other opportunities for growth via acquisitions. Ceme