Cement News tagged: Corporate
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
Titan Cement buys ready-mix in Florida
Titan America LLC has bought two ready-mix concrete producers in Florida.
Capital Group slips under the wire
Holcim Ltd has reported that The Capital Group Inc, based in Los Angeles now holds a 9.99 per cent stake in its shares, from 10 per c
Anhui Conch increases share price, China
China’s Anhui Conch Cement Ltd said Tuesday two strategic investors will pay 3.7 per cent more per share for the minority stakes they had ag
Dalmacijacement net profit slumps
Croatian cement maker Dalmacijacement-RMC Group, now owned by Cemex, said on Monday its net profit fell last year to 47
Steppe Cement: profits rise, Kazakhstan
Steppe Cement Limited operating subsidiary, Central Asia Cement JSC, has reported a full year pretax profit of KZT2562.5m compared with a year-earlier profit of KZT1590.9m. Consolidated net profit a
CIMA suggests a smaller stake to Vicat
Cement Industries of Malaysia Bhd (CIMA) is keen to sell a share of its assets to French cement manufacturer VICAT SA but the stake may be smaller than the 51 per cent reported earlier, local news rep
China Resources to take its cement arm private
China Resources (Holdings) Co. Ltd. said on Monday that it plans pay HK$428m (US$55m) to take its cement arm, China Resources Cement Holdings Ltd, private. Through its wholly-owned Smooth Concept Inv
Caltagirone SpA net profit increases
Italian holding company Caltagirone SpA posted a net profit of Euro 113.68m in 2005, up 199 per cent from Euro 51.91m in 2004. The 2005 results can be partly attributed to the October 2004 acquisition
Mysore Cement stake sold
The Indian ICICI Bank has sold its entire 8.5 per cent stake in the SK Birla promoted Mysore Cements (MCL) to SBI Mutual Fund and Templeton Mutual Fund for a consideration of Rs 35.5 crore. ICICI Bank
Egyptian Alexandria Cement net profit climbs
Egyptian cement producer Alexandria Cement registered a surge in consolidated net profit to 194 mln Egyptian pounds (US$33.8m) in 2005, compared to 52.3 mln pounds (US$9.1m) in 2004, the company said
Heracles shows higher earnings
Heracles General Cement Company has reported consolidatedprofits before tax of Euro 134.1m in 2005 and earnings for the parent company of Euro 123.4m in the same year.The Heracles Group of Companies p
Texas Industries 3Q down
Texas Industries Inc.’s (TXI) fiscal third-quarter profit fell 29 per cent from a year-earlier period that included income of US$14.5m from discontinued operations. The Dallas cement producer sa
Ministry forecasts US$1bn in Japanese investment
Vietnam expects to draw US$1 billion in foreign direct investment (FDI) from Japan this year, according to the Ministry of Planning and Investment (MPI). Japan is ranked as third on the list of invest
Profit-booking in India Cements
Southern Indian cement maker India Cements is seeing sizeable selling by foreign-based funds. On Wednesday, CLSA sold 1.1 million shares at Rs 161. CLSA’s sale comes after ABN AMRO Bank sold 1.0
Colombian Argos plans
Colombian cement producer Cementos Argos is planning to enter the oil and hydroelectric business, according to modifications to its statutes approved during the latest shareholders’ assembly. In