Cement News tagged: Corporate
SEC approves Fortune Cement Merger
The Philippines’ Securities and Exchange Commission has approved the merger of Fortune Cement Corp and Continental Operating Corp., with Fortune Cement as the surviving entity. The merger was fi
Cemex Completes Secondary Share Offering
Mexican cement maker Cemex SA completed its secondary share offering Wednesday, raising about $1.53 billion, the Mexican Stock Exchange said. The exchange said in a press release that including over-a
Mexico’s Cemex set to price $1.5 billion ADR offer
Mexico’s Cemex will fix the price of a share offer worth around $1.5 billion after the stock market closes on Tuesday. Cemex plans to sell 27 million of its American Depositary
Boral upgrades and builds on Oracle platform
Boral has revamped its information technology department, rolling its technical operations into an existing shared services centre that does much of the company’s back-office processing. Boral
Holcim Maroc H1 2005 net profit up
Holcim Maroc, a subsidiary of Swiss cement maker Holcim, posted a consolidated net profit of 169 mln Moroccan dirhams ($18.6m) for the first half of 2005, up by 2.2 per cent year-on-
CCC posts US$4.7m in 1H05 profits
Jamaica’s Caribbean Cement Company (CCC) posted a J$294m (US$4.7m) net profit during 1H05, practically unchanged compared with the same period last year, when it reached J$293m, newspaper Jamaic
Jidong Cement sells stake to HeidelbergCement
Tangshan Jidong Cement Company Limited has recently signed an agreement to form a joint venture to produce and market cement in Shaanxi province of Northwest China with HeidelbergCement Holding Hong K
TPI Polene share bid draws only one bid
Only one bid was accepted on Tuesday in the auction of a 249-million-share block of TPI Polene, made by a Thai construction company offering just 17 baht per share, the Bangkook Post reports. The low
Cementos del Caribe may issue US$260mn in bonds
The board of Cementos del Caribe, the newly consolidated Colombian cement company, has asked its shareholders to back the issue of bonds to finance short, medium and long-term projects, local press re
Texas Industries posts loss on spinoff costs
Texas and California cement producer Texas Industries Inc. on Thursday reported a quarterly loss on debt retirement costs and other expenses related to the spinoff of its steel unit.
CLL Cement producer quits public trading
Cement producer Cementaren Lietavska Lucka, a.s. (CLL) is withdrawing its shares from the Bratislava Stock Exchange (BCPB). The company shareholders decided on the withdrawal at their extraordinary ge
DG Khan Cement posts over double its last FY profit
Khan Cement at the end of June 2005 fiscal year earned a net profit surpassing even double the amount of the previous year, however, the stakeholders’ expectations regarding bonus shares remained a fa
Italcementi net profit at EUR 213.3m
Italcementi ended the first half of 2005 with a net profit of EUR213.3m down 2.2% compared to the same period of 2004.
EU OKs HeidelbergCement To Buy 50% Of Belgian Mermans
The European Commission cleared Germany’s Heidelberg Cement) to take a 50% share of Dutch cement company De Hoop Terneuzen BV’s Belgian subsidiary, Mermans Beton.
Heidelberg Cement sets up joint venture in China
Heidelberg Cement, the German cement group, has set up a joint venture in China together with Chinese competitor Tangshan Jidong Cement, which will produce and distribute cement from a production pl
Italcementi H1 EBITDA flat as Egypt inclusion offsets weak Italy
Italcementi SpA’s first half EBITDA due on Friday is expected to be broadly flat, with the first-time inclusion of its Egypt acquisition Suez Cement, offsetting weak Italy activities, analysts s