Cement News tagged: Corporate
Dyckerhoff seeks acquisitions in Russia
Cement manufacturing firm Dyckerhoff AG is seeking acquisitions in Russia and neighbouring countries as part of the company’s strategy to reduce its dependence on the German market, chief execut
Cement firm to triple capital
Saudi cement firm Yamamah plans to triple its paid up capital to SR1.35 billion (US$360m) and offer investors two free shares for each existing one, it said The announcement pushed the stock up by the
Mandiri to approve loan for Gresik project
Indonesian state-owned Bank Mandiri said it will provide fund needed to finance the construction of a new cement factory of state-owned cement maker PT Semen Gresik.
Foreign ownership in Sumitomo Osaka increases
Overseas investors increased their stake in Sumitomo Osaka Cement Co to 33.7 per cent as of Sept. 30, up 4.7 percentage points from March 31, marking the first time the foreign stake in the company ha
Tong Yang: all change on golf course
The question of who will take over Tong Yang Group, one of Korea’s largest conglomerates, finally has an answer: the owner’s son. The group’s current chairman, Hyun Jae-hyun, appear
JK Cement promoter to offload large stake
Yadhupati Singhania, owner and Managing Director of JK Cement Ltd, will be off-loading 26 per cent of his stake for raising around Rs 250-300 crore, (around US$65m) early next year. JK Cement, which i
CRH eyes Belgian buildings accessories business
CRH is in final negotiations to acquire the family controlled Winsol, the Belgian market leader in PVC and aluminium windows and doors, roller blinds and awnings, both domestic and commercial. The co
Iran and Venezuela sign contracts
Iran and Venezuela have signed a contract worth US$850m and a memorandum of understanding worth between US$5-7bn for exchange of industrial products and technical and engineering services.
Saudi construction data
According to local reports, official statistics issued by the Saudi Ministry of Commerce and Industry show that the total number of the operating building materials manufacturing
Japanese producers to boost profits
Taiheiyo Cement Corp and Sumitomo Osaka Cement Co are both expected to raise group operating profit by more than 10 per cent for the year through March next year. The forecast
Robust PPC wins Zimbabwe award
Pretoria Portland Cement Company Limited (PPC) took the pole position in Construction & Property Sector Category of the 2005 Fingaz/Premier Banking Corporation 2005 Top Companies Awards presented in H
FLSmidth order book at Euro 804.1m
The order book of Danish engineering and cement group FLSmidth has reached a record-high volume of some 6.0 bln Danish crowns (Euro 804.1m), the group’s managing director,
Nicolini sells 5000 Cementir shares
Riccardo Nicolini, general manager and director of Italian cement group Cementir, a unit of local construction company Caltagirone, has sold on the market a further 5000 Cementir
Gujurat Ambuja shares rise on bid rumour
Gujarat Ambuja shares have been rising steadily in the past one month on market speculation that Holcim, is interested in buying a stake in the company. Gujarat Ambuja shares have risen by around 10 p
More on the Lemona bid
FCC (Fomento de Construcciones y Contratas), the Spanish construction and services group, has gone against the trend in the sector by focusing on the Spanish market with its 100 per cent takeover of c
Greek Titan shows promise
Shares testing new highs. Titan Cement rose 2.87 per cent to close at Euro 32.30, hitting a new historical high intraday, continuing its upward trend on solid fundamentals after it recently announced