Cement News tagged: Corporate
Ssangyong Cement to sell US$200m in bonds
Ssangyong Cement Industrial Co., South Korea’s largest cement manufacturer, said Friday that it plans to sell US$200m in floating rate notes. The three-year secured debt will carry a coupon ra
Deputy criticises lack of action
The Irish government has failed to act on the "rip-off" practices by firms such as Cement Roadstone Holdings, which the European Court of Justice found to have engaged in "serious anti-competitive beh
French HSBC cuts stake in Cimpor
French financial group HSBC Financial Products has reduced its stake in the share capital of Portuguese cement company Cimpor to 1.06 per cent, Cimpor announced in a report to Portugal’s nationa
Barloworld ’on track’
South African industrial brands group Barloworld on Wednesday reported a five per cent increase in headline earnings per share. The group’s net profit was up 23 per cent to R2.176bn, while opera
Caltagirone profits soar
Caltagirone, the Italian diversified group, saw its consolidated turnover jump year-on-year by 89.2 per cent in the first nine months of 2005, to Euro 760.6m. Even more spectacularly, the group’
Lithuanian cement news
Akmenes Cementas, Lithuania’s only cement manufacturer, reported sales of 103.37 million litas (Euro 29.96m) for the first ten months of 2005, a rise of 13.8 per cent from the year-earlier figur
Jaiprakash Associates to increase cement capacity
Jaiprakash Associates Limited, a flagship company of Jaypee Group, has embarked on a Rs 900 crore cement manufacturing expansion that would see its total capacity going up to 10Mt from the current 7Mt
Holcim Thai unit to sell bonds
A Thai unit of Switzerland-based Holcim Ltd, Holcim Capital (Thailand) Ltd, will likely sell up to THB8 billion of senior secured bonds with three-year, five-year, and seven-year maturities by early n
Misr Cement Qena 9-month profit up
Egypt’s Misr Cement Qena reported a net audited profit of 120 million Egyptian pounds (US$20.8m) in the nine months to the end of September, up 124 per cent from 53 million in
Argentine’s Juan Minetti
Argentina’s cement producer Juan Minetti posted a net profit of 67.5m Argentine pesos (US$22.7m) for the period from January to September 2005, up by 65.5 per cent year-on-year.
St-Gobain extends BPB offer
Saint-Gobain SA said it will extend its offer for UK plasterboard maker BPB, but refrained from raising its GBP3.7 billion bid. The two companies were in talks over the weekend as Saint-Gobain sought
Republic Bank funds TCL bond
Republic Finance & Merchant Bank Limited recently provided Trinidad Cement Limited (TCL) with a US$20 million loan and a TT$315 million bond issue. The financing package, which was structured and arra
Holcim sees integration benefits from acquisitions
In the first nine months of the year, Holcim increased cement and clinker volume by 7.4 per cent to 83.0Mt. Downstream volumes expanded at a faster rate, largely thanks to the acquisition of Aggregat
Gharibwal’s on stream by 2008
The new cement plant of Gharibwal Cement Limited will be commissioned and ready for production by 2008. "It will then be in a position to begin payout of dividend to its shareholders", the Gharibwal C
Stake in Savinskiy Cement Plant to be auctioned
The Arkhangelsk regional department of the Russian Federal Property Fund announced on sale of 38,778 common shares, or 25 per cent of the charter capital of Savinskiy Cement Plant by public offer. Acc
Turkish Akcansa net profit surges
Turkish cement producer Akcansa posted a 89.6 mln new Turkish lira (US$65.87m) net profit, up 58 per cent year-on-year for the first nine months of 2005. The company gross