Cement News tagged: International
Feldschuh named head of Nesher
Yoel Feldschuh has been appointed CEO of the Nesher cement monopoly. The firm’s board of directors has approved the appointment, and Feldschuh will take over on February 2, replacing Herzl Ozer
Eco-cement to hit CRH profits
CRH stands to lose Euro10m a year as a result of new government measures to make up to 25 per cent of all cement used in state-funded projects more environmentally friendly.
Diamond Cement expands
Diamond Cement Ghana Limited (DCGL) a cement company in Aflao, Ghana has stated that products of the company could be obtained from the Volta, parts of Greater Accra, Eastern and the Northern regions.
Yamamah profit rise
According to Riyadh newsources, the Yamamah Cement Company reported SR 386.6 million profits last year (US$103m) compared with SR 320 million in the previous year.
Baltsem boosts output
In 2003, Ukraine`s major producer of cement, the Baltsem plant, (Balakleia, Kharkiv region) increased its production volume by 19.1 per cent, or UAH 24.995 million, compared with 2002, up to UAH 156.1
Bankruptcy court delays compromise
A decision on a compromise over the restructuring of TPI Polene Plc has been postponed for three months in the Central Bankruptcy Court, pending a decision by Krung Thai Bank, one of the company`s cre
Boral acquires two Queensland concrete companies
Building products firm Boral, which is engaged in an A$840m takeover bid for cement and lime company Adelaide Brighton, has acquired two cement companies in Queensland. Boral said it paid
Holcim announced a cash bid
Holcim has announced a cash bid for the 31 per cent minority in its largest profit earner, Mexican Holcim Apasco worth US$749m. Analysts at Merrill Lynch estimate Holcim is paying 5.4x 04E EV/EBITDA,
Yemen Cement Output
Yemen`s cement output stood at 1,541,352t in 2003 while sales of locally produced cement reached 1,540,308t worth 16.4 bln Yemeni rials (US$92.2m), it was reported on January 22, 2004.
Spanish cement demand record
Cement demand in Spain reached 46.06Mt in 2003, an all time high, Spanish Cement Makers Association OFICEMEN said on January 21, 2004.
Al-Abbas to take over Thatta Cement
The Al-Abbas Group confirmed to the Privatisation Commisison in a letter Wednesday that they would buy out Thatta Cement at Rs 9.95 per share, or a total of Rs 1.12 billion since the Star Cotton
Florida Rock record
Florida Rock Industries, Inc has announced record net income of $32,128,000 or $.73 per diluted share for the first quarter of fiscal year 2004 versus $12,729,000 or $0.29 per diluted share for fiscal
YTL Pahang Cement approval
YTL Cement Bhd has received the Securities Commission (SC) approval to acquire the remaining 50 per cent stake in Pahang Cement Sdn Bhd not already owned by the company.
Spasskcement increases production 23 per cent
The Spasskcement plant (located in the Primorsky region) made 585,000t of cement in 2003, a 23 per cent rise on the year.
Ambuja Cement to be merged with Gujarat Ambuja
Ambuja Cement Rajasthan Ltd has had approval for its merger with Gujarat Ambuja Cements Ltd, India`s fourth-biggest cement maker, the National Stock Exchange (NSE) said on Thursday.
Titan to lease port space
Tarmac America, a subsidiary of Titan America LLC is proceeding with plans to expand its operations in Tampa with a cement facility at the Port of Tampa