Cement News tagged: Corporate
WAPCO to pay dividends
Ahead of its upcoming annual general meeting, West African Portland Cement PLC, a subsidiary of Lafarge SA Group, says it will pay about N900 million dividends to shareholders for the last financial
Vicat 2005 profits climb, France
French building materials group Vicat SA posted a EUR 232m consolidated net profit for 2005, an upsurge of 28.7 per cent YoY.
Actis to buy stake in Dalmia Cements
Private equity fund Actis is set to acquire an 11 per cent stake in India’s Dalmia Cements (Bharat) Ltd for US$25m, the Business Stand
Italcementi to invest in its Bulgarian plants
Italcementi, plans to invest EUR 10m in its two plants in Bulgaria in the next five years to expand its production range of dry building mixtures and intro
Argos agrees to buy US Concrete Co
Cementos Argos SA, Colombia’s biggest cement maker, agreed to buy RMCC Group Inc, a US ready-mixed concrete supplier, for US$435m, RMCC’s controlling shareholder said Friday in a statemen
Plan to revive CCI
The Indian government has cleared the proposal for reviving three public sector units, including Cement Corporation of India (CCI). For reviving the CCI the government will waive Rs 886.22 crore of in
New Board for Eastern Province
Saudi cement producer Eastern Province Cement Company (EPC) has elected a new board of directors with a three-year term starting from January 29, 2006.
Tabuk Cement to pay higher dividends
The management board of Saudi cement producer Tabuk Cement Company (TCC) decided on March 5, 2006 to pay a cash dividen
CNBC to opt for IPO
The rapid growth in China’s construction sector as well as the current liquidity and sentiment-driven appetite for Chinese paper are likely to be key themes during the road show for China National Bui
Qatar National Cement approves dividend
Qatar National Cement Company (QNCC) will pay a 50 per cent cash dividend for 2005, the general shareholders’ meeting decided on March 7, 2006. The company already distributed 20 per cent of th
Bío Bío 2005 profits up
Chilean company Cementos Bío Bío saw net profits climb 2.49 per cent to 25.9bn pesos (US$48.6m) last year compared to 2004, while fellow cement group Empresas Melón’s bottom line dipped 1.78 per
Indocement Refinances US$340m debt
PT Indocement Tunggal Prakarsa Tbk will refinance all debt of US$340m through master facilities agreement (MFA) this year. The US$340m debt consisted of the debt from Marubeni (US$44m), Japan Bank fo
Votorantim changes strategy for growth
Cement, aluminium, steel, zinc, nickel, pulp, paper, chemical products, energy and orange juice accounted for more than 90 per cent of the Votorantim group net turnover of almost R$19bn in 2005. Banki
Italcementi 2005 net profit up 16 per cent
Italian cement maker Italcementi’s group net profit rose 16.2 per cent to Euro 540.6m in 2005 as tax benefits and growth in emerging markets offset a price slump in Italy. The company proposed
Capital Group increases stake in Holcim
Holcim Ltd said Wednesday that Capital Group of the US has slightly increased its stake in the Swiss cement maker to 10 per cent from 9.99 per cent previously. The stake translates into 22,997,155 re
Ciments Francais net profits up significantly
Ciments Francais reported on Wednesday a 37 per cent rise in 2005 attributable net profit to 421.6 million Euros helped by booming construction markets and lower financial costs. Ciments Francais, c