Cement News tagged: Corporate
Ashaka Cement Honours 153 Staff
No fewer than 153 staff of Ashaka Cement Plc yesterday received the year 2004 long-service award from the company. Thirty two of the workers got award for serving the company for 20 years while 121 r
Mexico’s Cemex sells options, issues more
Cemex exercised about 136 million stock options on Monday, as part of its executive compensation program. Cemex, the world’s third largest cement producer, exercised the options as part of a
Greek Interbeton Buys out Livanis-Korbeton
Greek concrete building products manufacturer Interbeton Building Materials, a subsidiary of Titan Cement group, bought out local concrete maker and trader Livanis-Korbeton in October 2004, Titan Ceme
PPC chief executive’s pay reduced
Pretoria Portland Cement (PPC) had reduced the pay of its chief executive, John Gomersall, by 12 per cent in the year to September, even as profit at Africa’s biggest cement maker
Union Cement shares
The Securities and Exchange Commission’s Office of the Government Counsel is reviewing whether Cemco Holdings should be required to buy out minority shareholders of publicly Union Cement Corp, a
Dniprotsement appoints Panchenko board chairman to replace Tsymerynov, Ukraine
During the December 16 meeting, shareholders of the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region) dismissed board chairman Oleh Tsymerynov and appointed Andrii Panchenko as his repla
TXI Announces Decision To Spin-Off Steel Business
Texas Industries Inc (TXI) will spin off its steel business from the cement, aggregate and concrete segment to allow the two units to pursue separate growth strategies. The spinoff is expected to be i
Cement Akmene sales investments
Akmenes Cementas, the only producer of cement in Lithuania, plans to invest 14.3 million litas (4.1 million euros) in 2005, twice the amount it invested this year. Arturas Zaremba, the CEO of the manu
Qatar National Cement Co To Sign $120m loan
The Qatar National Cement Company (QNCC) will sign on December 19, 2004 a $120m syndicated loan agreement, it was reported on December 15, 2004. QNCC mandated a number of banks to arrange the loan in
Siam Cement units receive Deming awards
Three Siam Cement Group subsidiaries have won Deming awards from the Japanese Union of Scientists and Engineers for excellence in Total Quality Management (TQM), according to Kan Trakulhoon, an SCC vi
Cemex aims for 4Q04 Ebitda of US$560m
Cemex plans to report more than US$560m in Ebitda fourth quarter this year, which would represent a 10% jump over the same quarter last year, Cemex said in a statement.
Shree Cement expects good run in North India
Cement prices are expected to firm up in the coming months, on the back of nearly 8%-9% growth in demand. Rajasthan-based Shree Cement is confident of achieving a good growth in both its top and botto
Cemex: Latin Equity Preview
Cemex SA the world’s third-largest cement maker is scheduled to release its fourth-quarter earnings forecast before the market opens today. Cemex’s fourth-quarter earnings before interest,
Helwan Cement Announces 9M FY04 Results
Helwan Cement announced 9M FY04 results ending September, wherein the company posted a LE1.8 million net profit balance compared to a LE44.8 million net loss incurred in 9M FY03. Sales revenues advanc
Somani to set up cement plant in Bhavnagar
Somani Cement Company Ltd of Vadodara is setting up a 1000tpd cement plant at Bhavnagar with an investment of Rs150 crore. Financial institutions, foreign institutional investors and insurance compani
Italcementi’s Ciments Francais sees post-bid investments in Egypt
Italcementi SpA’s quoted unit Ciments Francais SA plans to invest to improve efficiency and logistics at its Egyptian affiliate Suez Cement after the planned takeover, according to Ciments Franc