Cement News tagged: Corporate
FLSmidth and Iraq’s oil for food programme
The Public Prosecutor for Serious Economic Crime has decided to raise charges against FLSmidth A/S as well as against several other Danish companies.
Holcim open offer for Guj Ambuja rescheduled, India
Holcim’s open offer, to acquire 20 per cent stake from the shareholders of Gujarat Ambuja Cements (GACL), has been rescheduled for later this week. The offer, at Rs 90.64 per share, was delayed follow
Yanbu Cement to triple its dividends, Saudi Arabia
Yanbu Cement Co announced yesterday that it will triple its dividends for the second half of 2005. The company will pay SR15/share in dividends for the second half, following a six-per cent increase i
Misr Beni Suef Cement 2005 profit jumps, Egypt
The net profit of Egyptian Misr Beni Suef Cement (MBSC) jumped to E£132.8m (US$23.2m) in 2005 from E£51.5m (US$9m) in 2004, the company said in a statement to Cairo and Alexandria Stock Exchanges (CAS
Saudi Cement Co net profit rises
Saudi Cement Company (SCC) posted a net profit of 484.3 mln Saudi riyals ($129.1m) for 2005, up from 437.5 mln riyals ($116.6m) a year ago. The increase was supported by a rise in total revenue to 56
Ambuja Cement Eastern’s managing director resigns
Ambuja Cement Eastern Ltd. said its managing director, Harshavardhan Neotia, had resigned and will act as an additional director. The company also said on Monday its board had appointed Ramit Budhraja
Carib Cement says its prepared for lawsuits
Caribbean Cement Company Limited says it has coverage in place in the event that it’s slapped with lawsuits arising from its recent product recall. A statement from its parent company Trinidad C
Ashaka Cement raises turnover by N3.2bn
Nigeria’s Askaka Cement Company Plc raised turnover by N3.2 billion from N12.6 billion in a comparable period of 2.4 to N15.8 billion for the year ended December 31th 2005. The audited results for the
Doha Bank launches zero per cent IPO loan
Doha Bank has launched the Zero per cent IPO loan for the forthcoming Gulf Cement Company’s maiden public issue. The IPO loan is available to Qatari nationals applying for the Gulf Cement Company’s IP
Lafarge interested in Semen Gresik
Lafarge SA has reportedly expressed its seriousness in buying Cemex Asia Holdings’s 25.53 per cent in PT Semen Gresik at market price. The serious commitment of Lafarge, confided one executive k
CCI employees to agitate for revival of unit
Workers and employees of the closed Cement Corporation of India’s (CCI) Adilabad plant have threatened to launch agitations, including a fast unto death, as the unit has not been considered for
HeidelbergCement waits on Turkish decision
HeidelbergCement is awaiting the results of a State Council decision to stop controversial move that denied its Turkish partner, Akcansa, the acquisition of a domestic cement company. In a tender held
HeidelbergCement wants more consolidation
HeidelbergCement AG believes it should play a major role in the consolidation of the cement industry and wants to make a further acquisition, CEO Bernd Scheifele said in an interview with Boersen-Zeit
Cement Australia takes miner off the market
The parent company of Tasmanian coal miner Cornwall Coal has decided to keep the business. Cement Australia put the company on the market six months ago to see if there was a prospective owner who wou
Holcim offer for Gujurat Ambuja delayed
Holcim Ltd.’s open offer for Gujarat Ambuja Cements Ltd. , which was scheduled to open on March 25, will be delayed by a few days, a source close to the offer said on Friday. Holcim had bought
Yamama Cement seen more promise
Saudi cement producer Yamama Cement Company expects a 50 per cent year-on-year increase in its net profit for the first quarter of 2006 to 150 mln Saudi riyals (US$40m), the company said on March 21,