Cement News tagged: Corporate
Semen Gresik’s predicament
The predicament of publicly-listed PT Semen Gresik, which is now in an arbitration process at the International Center for Settlement of Investment Disputes in Washington, took a sharp turn for the wo
Lafarge lengthens debt maturity
Lafarge, joined the list of companies taking advantage of historically low interest rates to lengthen the maturity on its debt on Tuesday, as the company offered to buy back up to Euro1bn of its debt
Juan Minetti pays creditors US$13m
Juan Minetti, Argentina’s second largest cement producer, and controlled by Holcim, has paid bank and financial creditors some US$13m as part of a debt restructuring, Minetti said in a filing to
Siam City Cement names top exec
Siam City Cement, has appointed Leo Mittelholzer as managing director, replacing Vincent Bichet, who has moved to head Holcim’s unit in France. Siam City Cement is scheduled to hold a press con
Rough road ahead for UK arm, RMC warns
RMC has warned that reduced spending on roads in Britain coupled with problems at one of its cement plants would slash first-half profits in its UK business by almost half. However, the group, which i
Gresik shares suspended, Indonesia
Shares in Indonesia’s largest cement company, Semen Gresik, were suspended yesterday after its auditors attached a disclaimer to its 2003 results, citing incomplete data from a rebel unit of the
Cemex seeks US$800m syndicated loan-LPC
Cemex is negotiating a US$800m three-year syndicated loan to refinance other debt, Loan Pricing Corp. said, citing unnamed market sources. According to LPC, a unit of global news and information com
Buzzi Unicem approves EUR206m capital hike
The board of directors of Italy’s Buzzi Unicem has approved a capital increase of EUR206m (US$250.4m).
L&T re-listed, closes day one at Rs 635: The stocks markets have valued the engineering and construction business
The stocks markets have valued the engineering and construction business of Larsen & Toubro (L&T) at Rs 635 a share
Grasim offer for CemCo oversubscribed
Fifteen months after it opened its ambitious gambit for L&T’s cement business, the Aditya Birla group is poised to finally take control of Ultra Tech CemCo Ltd, into which the 16.5Mt cement divi
Lafarge eyes buyouts to increase capacity , India
Cement major Lafarge India will explore acquisitions to enhance its manufacturing capacity in view of the growing demand for cement.
HeidelbergCement Romania
HeidelbergCement Romania, the local subsidiary of German cement maker HeidelbergCement, expects a 10 per cent year-on-year rise in its turnover for 2004 to about Euro 130m, Ziarul Financiar daily said
Top EU Court Says Portugal was wrong
Europe’s top court said Tuesday that the Portuguese government was wrong to attempt to block the takeover of cement company Cimpor. The verdict represents a blow to governments who want to keep
Institutions will make good
The AV Birla Group company Grasim Ltd¹s open offer for 30 per cent of Ultra Tech CemCo, the demerged cement business of Larsen & Toubro, is likely to sail through with the financial institutions (FIs)
Cementos Molins’ shareholders to vote
The board of shareholders of Spanish cement producer Cementos Molins will vote tomorrow on a Euro 265.5m plan to take over the 40.9 per cent stake of the group which is in the hands of French counterp
Kuwait’s Shuaiba Paper
Kuwait’s Shuaiba Paper Products Co said on Monday it had signed a five-million Kuwaiti dinar agreement ($17m) with Saudi-based Yanbu Cement Co to establish a packing factory. Shuaiba Paper, whi