YTL plans more acquisitions, Malaysia
YTL Corp Bhd, the best performer on Malaysia’s benchmark index this year, may buy power, cement or property assets in Asia in the next six months to expand its business in the r...
Acquisition
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Athi River pretax profit rises, Kenya
Kenya-based firm, Athi River Mining, posted a 23 per cent rise in 2011 pretax profit to KES1.36bn (US$16.4m), the company said while net profit came in at KES1150m.
TCC International reports 38% rise in revenues
TCC International Holdings Limited together with its subsidiaries reported a 38.6 per cent rise in revenues on the back of exceptionally strong demand during the low season in t...
UltraTech Cement in talks to buy northeastern plant
UltraTech Cement, the largest cement producer in India, is in talks to buy north-eastern cement producer Adhunik MPS Cement’s Meghalaya plant for over INR7bn., according to repo...
West China net profit down, acquisition announced
West China Cement said its net profit for the year ended 31 December 2011 declined by 28.43 per cent YoY to CNY662m (US104.7m). Meanwhile, basic earnings per share were about CN...
Semapa announces Brazil investments
Semapa, a Portuguese holding company that controls cement maker Secil, will invest about EUR300m (US$394m) in Brazil’s cement industry, Diario Economico reported, citing the pro...
FLSmidth to tap market for air pollution control equipment in China
FLSmidth has achieved authority approval of its first acquisition in China. Together with a minority shareholder, FLSmidth has started a company to market and sell air pollution...
Shriram EPC to buy 68% stake in Jayajothi Cement, India
Shriram EPC confirmed it would buy a 68 per cent stake in Sree Jayajothi Cements Ltd, along with its group companies, reports the Business Standard of India. The acquisition wil...
Cements Argos: positive outlook after strong 2011 results
Cementos Argos, Colombia's largest cement producer, achieved more than COP3.6bn (US$2bn) in consolidated revenues for FY2011, representing YoY growth of 21% in peso terms as it ...
Fujian joint-venture announced, China
Chinese cement producer, Fujian Cement plans to set up a joint venture, Fujian Jianfu Southern Cement, with its second-largest shareholder, Southern Cement to consolidate the ce...