Cement News tagged: Corporate
CRH boss’s EUR6.5m pay package
CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, who is try
Cementos Lemona files delisting application
Cementos Lemona SA has applied for delisting from the Madrid and Bilbao stock exchanges, the Spanish stock market regulator CNMV informed on June 22, 2006. The move was approved by the general shareh
Toros Cimento plans investment in cement plant
Konya Cimento announced that its affiliate Toros Cimento will establish a new cement plant with an annual capacity of 1.5Mt in Karaman with US$120m investment. Toros will start the investment project
Lafarge ups mid-term targets, mulls roof unit sale
Lafarge raised its mid-term targets on Thursday and said it was considering selling its underperforming roofing business as it seeks to boost profits.
Cement Hranice ups 2005 profit by 32 per cent Hranice
Czech cement maker Cement Hranice raised audited net profit by 31.7 per cent YoY to Kc659.3m in 2005, says its annual report, obtained by CTK. Board chairman Jaromir Chmela said in the report the grow
Fortune Cement approves cash dividend
The board of Fortune Cement Corp has approved a regular cash dividend of PHP0.15 a share to shareholders of record at July 5. The dividend is payable July 31 and will come from the retained earnings o
Carpatcement Holding registers higher profits
Carpatcement Holding SA registered approximately Euro 31m in net profit, and Euro 159m in turnover in 2005, Bursa daily informs on Tuesday. For the current year, the company’s officials estimat
TPI Polene Plc plans to issue bonds
TPI Polene Public Company Limited. (TPIPL), Thailand’s third largest cement maker, plans to issue baht-denominated bonds worth about US$650m to refinance debt.
Holcim Romania sees 2006 sales rising
The Romanian unit of Swiss cement producer Holcim Ltd. expects its 2006 sales to rise in line with the overall domestic market growth projected at eight to 12 percent, a senior company said. "We want
Cemex looks towards Q2 operating income boost
Cemex expects to report a second quarter operating income of US$840m, a 12 per cent increase over the same quarter in 2005, according to a company press release. "We are increasingly confident that w
CRH eyes €2bn deal for US company
CRH is in talks to buy the Ashland Paving and Construction (APAC) company in a deal that could cost up to €2 billion. The building materials group said its US-based subsidiary, Oldcastle Materials, ha
ICICI in equity pact with Andhra Cement
THE GP Goenka Group-promoted Andhra Cements (ACL) on Monday said ICICI Bank had finalised a Rs 50-crore equity-cum-debt deal with the company. ICICI Bank has picked up six per cent in Andhra Cement fo
Lafarge raises purchase price
Sichuan Shuangma Cement Co Ltd said the Chinese unit of Lafarge SA has agreed to increase its offer to acquire 100 per cent of its parent, Shuangma Investment Group, to Yuan 339m from Yuan 304.84m (US
China Resources last trading set July 13
China Resources Cement Holdings Ltd said shares in the company will trade on the Hong Kong stock exchange for the last time on July 13 ahead of its listing withdrawal from the main board following
Thailand’s cement sector
Domestic cement sales volume has dropped gradually since 1Q05 while YoY growth rate encroached on negative territory in 4Q05. With the gloomy economic outlook, any improvement in YoY growth is not for
Arabian Cement to pay cash dividend
Saudi cement producer, Arabian Cement Company (ACC) will pay a 12 per cent cash dividend for the first half of 2006, the company said on June 15, 2006. The total dividend to be distributed among shar