Cement News tagged: Corporate
Degussa acquires Chinese additive firm
Degussa’s Chinese subsidiary announced Monday it has acquired all assets of Beijing Xinzhuang Huiqiang Admixture Ltd
SEC may allow web-based shareholder activities
The US Securities and Exchange commission (SEC) is planning to allow and encourage shareholders to communicate on-line. The change is aimed at both the companies and investors, with companies expecte
Turkey’s Oyak secures loan to buy Erdemir Steel
Turkish banking-to-automotive group Oyak has secured a US$1.6bn loan from a group of banks to finance its purchase of domestic steel maker Erdemir, the group said in a statement.
Eurocement Group implements new product/financial control system
Eurocement Group has set up a comprehensive information system to ensure control over the entire chain of product movement and financial flows as a result of an IT project utilizing the Parus branded
MMK increases stake in Magnitogorsk refractory works
OAO Magnitogorsk Iron & Steel Works has increased its stake in the charter capital of OAO Magnitogorsk Cement-Refractory Works in Chelyabinsk region from 72.93 per cent to 93.954 per cent,
Kuwait seminar for Iraq investment group
Global Investment House (Global) has held a special seminar at the Kuwait Stock Exchange (KSE) on listing Iraq Holding Company (IHC). Attending the seminar were, Mr. Mohammed AlNaki,
China stock slump
As a prolonged slump in the China stock market drags on and the US dollar stays on a longer-than-expected uptrend, many Chinese investors are becoming frustrated with what they
FCC Aims to double revenues by 2008
Spanish construction group Fomento de Construcciones y Contratas SA (FC) said Thursday it plans to double revenue and earnings by 200, noting in a presentation that it wants
Rinker Group gets A3 rating from Moody’s
Moody’s Investors Service has today affirmed the A3 senior unsecured rating of Rinker Group Limite. Moody’s said its rating affirmation reflects the ongoing strength in the company’s
Hanoi stock exchange adds three firms to listing
An additional three companies will be listed on the Hanoi Securities Trading Centre, bringing the total number of listed companies in December to nine with registered shares worth nearly
Cemex, Lafarge terminate Iberian joint ventures
Cemex SA said Thursday it has unwound its joint ventures with France ’s Lafarge SA, as agreed earlier this year. In a press release, Cemex
IFC buys shares in China’s Anhui Conch
The World Bank’s investment arm, the International Finance Corp, acquired 48 million shares in Anhui Conch Cement Co Ltd, China ’s largest
Partners to inject more cash into China JV
Shui On Construction and Materials Ltd said it and Lafarge SA of France have injected an aggregate amount of US$44.4m into their joint venture company, which is engaged in cement operations in China
Heidelberg Cement’s Bosnian unit to invest
Tvornica Cementa Kakanj (TCK), a Bosnian cement plant owned by Germany’s Heidelberg Cement, said on Tuesday it planned to invest Euro 8.3m next year, mostly in modernising its concrete productio
Southern Province elects new Board
Saudi cement producer Southern Province Cement (SPC) elected a new board of directors at a general shareholders’ meeting on December 7, 2005. The board has a three-year term
Warburg sells six per cent stake in Gujarat Ambuja
Warburg Pincus, through its investment units, sold a near six per cent stake in Gujarat Ambuja Cement Ltd. The deal was worth around INR6.5bn. The shares sold by the private