Cement News tagged: Corporate
EU suspends review Of Wendel takeover
The European Commission Thursday suspended its antitrust review of French investment firm Wendel Investissement’s (12120.FR) planned takeover of building materials company Groupe Materis. A Com
Holcim pleases JP Morgan
Holcim’s 2005 EBITDA was SFr 4757m, SFr43m higher than analysts at JPMorgan (JPM) were forecasting. Holcim reported 2005 earnings of SwFr 1540m, in-line with JPM forecast of SwFr 1541m and SwFr40m
Acquisitions, prices rises boost Holcim profits
Recent acquisitions and price increases helped Holcim to report a 75 per cent increase in net profit for 2005, beating market expectations and its rivals’ performance.
Italcementi news
Italian cement group Italcementi does not hold shares in Italian insurer Assicurazioni Generali SpA, Italcementi CEO Carlo Pesenti said on February 28, 2006.
Oman Cement net rises to RO18.2m
The 51-per cent government-owned Oman Cement Company (OCC) yesterday announced a record net profit of RO18.224 million for the year ended December 31, 2005. More details are not available. OCC was est
Indocement proposes to refinance US$380m outstanding debt
Cement maker PT Indocement Tunggal Prakarsa said it is proposing to exit an existing master of facilities agreement (MFA) with creditors, which is regarded burdensome, by refinancing and hedging an ou
JK Cement fixes share offer price at Rs 148 per share
JK Cement Limited today announced the issue price of Rs 148 per share for its two crore equity shares of Rs 10 each.
Chinese Building Material giant raising US$149m in IPO
China National Building Material Group Corporation (CNBM), China’s largest building materials manufacturer, plans to raise about 1.2 billion yuan (US$149.1m) in the initial public offering (IPO)
FLSmidth seen posting 2005 profit
Danish engineering group FLSmidth, is seen returning to profit after growing demand for new cement capacity from North America, Africa and the Middle East eased competition and boosted profitability l
ACC sells 50 per cent stake in Everest, India
The Associated Cement Companies Limited has informed the exchange that they have sold 74,00,020 shares aggregating to 50% of the total paid up capital of E
Dadabhoy Cement Industries, Pakistan
This 27 year old cement manufacturing unit of Nooriabad (Sindh) has been able to move upward towards revival from massive loss of PKR 666m three years ago. This has generated lot of confidence among a
Lafarge says buy-out offer for N.America unit ‘fair’
Lafarge on Thursday said its $75-a-share cash offer to buy out minority shareholders in Lafarge North America Inc. was "fair".
Portland Valderrivas boosts earnings
ementos Portland Valderrivas, the cement subsidiary of Spanish construction group FCC, posted a net profit of Euro 137.1m last year, up 7.8 per cent, on ebitda (gross operating earnings) of Euro 312.3
Sinai Cement appoints Vicat head
Egyptian Sinai Cement Co appointed Louis Jacques Merceron Vicat a management board member, the company board decided on February 19, 2006. The appointment comes after Danish industrial group
Bolu Cimento posts higher profits
Turkish cement producer Bolu Cimento posted a 38 mln lira (US$27.9m) net profit in 2005, up from 21.7 mln lira (US$15.9m) in 2004. Gross profit was 50 mln lira ($36.8m). Net sales revenue stood at 12
OCC posts higher profits
Oman Cement Company (OCC) achieved a net profit of 18.2 mln Omani rials ($47.4m) for 2005, compared to 13.2 mln rials ($34.3m) for 2004, the company said in a statement to the Omani bourse Muscat Secu