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HeidelbergCement to raise Euro 500m capital

HeidelbergCement has decided to carry out a capital increase to raise Euro 500m in cash to partly refinance its takeover of Britain’s Hanson Plc . VEM, part of German billionaire Adolf Merckle’s...
News - 23 May 2007

Chinese approve Lafarge purchase

The China Security Regulatory Commission (CSRC) has approved the acquisition of Sichuan Shuangma Investment Group, in Mianyang City, Sichuan Province, in southwest China, by Lafarge Shui On Cemen...
News - 21 May 2007

Ecuador investment plans

  Ecuador investment plans The Ecuador Development Corporation (CAF) has recently approved a US$40 million loan to cement manufacturing company Lafarge Cementos (former Cementos Selva Alegre). By ...
News - 21 May 2007

La Tribune: strong growth in profit for Lafarge

Lafarge achieved a net operating profit of € 345m for the first quarter of 2007, up 58 per cent on the corresponding period of last year. The net profit increased six-fold to € 362m, owing to th...
News - 18 May 2007

British Precast member companies updated on UK cement supply position

At today’s British Precast Concrete Federation AGM and Annual Conference members heard informative presentations from Mike Gilbert, Chief Executive of the British Cement Association, and Andy Murp...
News - 18 May 2007

Orascom acquires stake in Algeria’s Samba

Orascom Construction Industries announced that it has acquired a 60% stake in Samba SPA, the largest aggregates producer in Algeria, for a total sum of US$8 million. Samba owns and operates a crus...
News - 17 May 2007

HeidelbergCement offers EUR11,700m for Hanson

The agreed bid by HeidelbergCement for Hanson will create the world’s largest aggregates producer and the at the bid price of 1,100 pence values Hanson at some EUR11,700m, a record price for a bui...
News - 16 May 2007

Polish producers warn over cement shortages

A potential lack of construction materials in Poland has been highlighted in the local Polish press, following recent announcements that Poland has been awarded the prize of hosting the European C...
News - 16 May 2007

Polish producers warn over cement shortages

A potential lack of construction materials in Poland has been highlighted in the local Polish press, following recent announcements that Poland has been awarded the prize of hosting the European C...
News - 15 May 2007

Heidelberg lines up banks for possible Hanson takeover

HeidelbergCement has lined up the Royal Bank of Scotland and Deutsche Bank as debt providers ahead of a possible takeover bid for Hanson, the world’s biggest supplier of sand and gravel which is v...
News - 11 May 2007