Cement News tagged: Corporate
China to invest US$12bn for rural highway construction
China will invest 100 billion yuan (US$12bn) from 2006 to 2010 to build more rural highways, said Zhang Chunxian,
Orascom risk ratings
Fitch Ratings, the international rating agency, has just assigned Egypt-based Orascom Construction Industries’
Hardie attempts to raise US prices
James Hardie Industries will attempt to push through a hefty January price rise for its building products in the US, in a bid to boost profits
GCC to record seven per cent growth
Abu Dhabi - The GCC economies will record economic growth of about seven per cent this year, spurred by higher oil revenues,
Industry to grow five per cent next year
Argentine industry will grow by a minimum of five per cent next year, which makes it almost inevitable that the sector will surpass
Lhoist to invest in China plant
Work has started in Chizhou of Anhui Province on a refractory material project financed and owned by the Lhoist
Banks to contribute to Infra fund
Indonesia’s Chief Economics Minister Aburizal Bakrie said local banks are expected to contribute Rp40 trillion (US$4.44bn) to fund
Taiwanes public construction spending
Investment in public construction projects will hit NT$200bn (US$6.21bn) next year, Premier Yu Shyi-kun said.
India Cements Board OKs bond issue
The board of India Cements Ltd has approved a fund raising through various instruments including convertible debentures and equity warrants, the company said Friday. In a filing with the Bombay Stoc
Chilanga Cement Reports its Unaudited Results
Chilanga Cement announced its un-audited results for six months to 30 June, 2004. Net turnover was K102 billion (K80 billion in previous period). Profit after tax was K17.2 billion
German Allianz Decreases Stake in HeidelbergCement
German insurer Allianz AG has decreased its stake in building materials group HeidelbergCement AG stepwise to 4.6 per cent in a move to optimise its portfolio, Allianz said on December 23, 2004. The
Lafarge Arcom Gips To Absorb Lafarge Ipsos
Romanian plasterboard producer Lafarge Arcom Gips shareholders approved the merger by absorption of Lafarge Ipsos on December 21, 2004. Company shareholders voted for a 59.1 bln Romanian lei (US$2.0
Umm Al-Qaiwain Cement Industries
UAE cement manufacturer Umm al-Qaiwain Cement Industries Company is expected to report record-high earnings per share (EPS) of 40 Kuwaiti fils (US$0.136) for 2004, it was reported
TPI Polene expects 2004 revenues to rise
TPI Polene PCL said it anticipates 2004 revenues rising by 15.8% as a result of higher sales of cement and plastic pellets. Senior VP Prasert Ittimakin told reporters the company also
Cemex announces Expiration of its appreciation warrants and ADWs
Cemex today announced that its appreciation warrants and American Depositary Warrants (ADWs), each representing five appreciation warrants, expired today in accordance with their terms.
Lafarge supports Paris’ Olympic bid
Lafarge has added its name to the list of companies supporting the city of Paris’ bid to host the 2012 summer Olympic games.