Cement News tagged: Corporate
Shui On and Lafarge inject more cash
Hong Kong-listed Shui On Construction & Materials and Lafarge injected a further HK$155.2m (approcx US$25m) in cash into the companies’ Chinese cement joint venture, Shui On said Wednesday.
Italcementi to invest further in the US
Italcementi has committed to investing US$320m into the development of its plant at Martinsburg in the US state of West Virginia
Cemex declines comment on Gresik sellback
Cemex has declined to comment on a report that it is offering to sell its 25.53 per cent stake in Indonesia’s largest cement maker PT S
James Hardie in dispute
James Hardie Industries will pursue discussions with the competition regulator to try to resolve a dispute over the supply
Gujarat eyes new investment plants
Having put its plans for acquisitions on the backburner, IndiaN cement major Gujarat Ambuja Cements Ltd will instead i
Prospects for OCL India’s cement look sound
OCL India appears well placed to benefit from the favourable industry dynamics in the cement sector. It has a presence in the eastern market where price have been firming up and are expected to stay t
Pakistan stocks may tumble
The rally that made Pakistan’s stock market the best performer in Asia during the past five years was interrupted last quarter. Forecasts of slower profit growth and a cooling economy suggest fu
Holcim may raise GACL stake
Holcim, which has made an open offer for an additional 20% of the equity of Gujarat Ambuja Cements Ltd (GACL) after picking up 14.8% of the promoters’ stake, is likely to explore options - among
Cemex’s debt improves
The credit ratings of Mexican cement giant Cemex SA (CX) were lifted further into investment-grade territory Thursday
Government to buy-back Gresik
Indonesian government will use the preemptive rights to buyback 25.53 per cent shares of PT Semen Gresik, Cemex Asia Holdings plan to sell. The Minister of SOE Sugiharto said the government, controll
Ciments Francais increases stake in Bursa Cimento
Bursa Cimento, a Turkish cement company, said that Ciments Francais purchased a total of 317,053 units of company shares at the price of TRY 22.66 per share between Mar 31 and Apr 3. Following the tra
Dubai firms announce $19bn Morocco projects
Dubai-based developers, Emaar Properties and Dubai International Properties DIP), yesterday announced projects worth US$18.9 billion in Morocco, part of a commitment exceeding US$20 billion (Dh73 bill
Holcim open offer for GACL starts today
Holcim’s offer to acquire an additional 20.3 per cent of Gujarat Ambuja Cement Ltd (GACL) at Rs 90.64 per share from the retail investors will open on Wednesday. Holcim, which controls 14.8 per
IFC and Anhui Conch
Washington DC-based International Finance Corp has agreed to pay a higher-than-anticipated price for a 3.7 per cent stake in China’s largest cement manufacturer, Anhui Conch Cement Ltd. An offic
Holcim New Zealand higher profit
Holcim New Zealand reported a three per cent net profit increase and increased cement sales last year, despite rising energy costs and disruptions to shipping caused by a lengthy closure of the Buller
New Lafarge offer still too low
A shareholder revolt against an attempted buyout of Lafarge North America Inc. (LAF) continues despite an enriched offer Lafarge SA made for the company on Tuesday. A pension fund that has been fight