Cement News tagged under: corporate
Italcementi -Fabbriche Riunite Cemento increases 2.2 per cent, rising for a third day13 October 2008, Published under Cement NewsItalcementi -Fabbriche Riunite Cemmento, Italy’s largest basic materials company by market capitalisation, increased 17.50 Eurocents (or 2.2 per cent) to €8.18. Compared with the MIBTEL Index which fell 1,070.0 points (or 6.5 per cent) on the day, this represented a relative price change of 8.7 per cent. The volume was 0.01 times average trading of 359,470 shares. The stock rose for a third day on Friday bringing its three day rise to 61.50 Eurocents or 8.1 per cent. The price advanced 6... |
Buzzi Unicem Spa price 39.7 per cent below volume weighted price13 October 2008, Published under Cement NewsBuzzi Unicem SpA, Italy’s largest Construction, Engineering & Materials company by market capitalisation, plunged €2.25 (or 21.3 per cent) to €8.30 in the week ending Friday October 10. The price is at a discount of 39.7 per cent to the 3-month volume weighted average price of €13.76, which may appeal as a value proposition. The stock fell for a third week on Friday. Compared with the MIBTEL Index which fell 4,142.0 points (or 21.1 per cent) in the week, this represented a relative price c... |
Heidelbergcement AG rises 1.3 per cent, in significant uptrend13 October 2008, Published under Cement NewsHeidelbergCement AG rose 95 Eurocents (or 1.3 per cent) to €72.65. Compared with the DAX Index which fell 342.7 points (or seven per cent) on the day, this represented a relative price change of 8.3 per cent. Today its percentile rank in the German market was 86. The bulls are maintaining control with price open, high, low and close exceeding yesterday’s levels. The support price is hovering at the €70.15 level. Volume traded at the weak support price zone was 0.6 times average during the ... |
ACC to increase capacity to retain declining market share10 October 2008, Published under Cement NewsIndia producer ACC, a part of the Holcim Group, plans to add more capacity after 2010 to retain market share. Sumit Banerjee, managing director, ACC, said, “We will not stick only to 30Mta capacity. Beyond the target of 2010, we are working on 2-3 projects. We are studying the feasibility of the projects.”he move is aimed at maintaining its market share as its competitors have announced massive expansion plans. ACC, currently, has a capacity of around 22.4Mt, which will ramped up to 30.4Mt... |
Cemex: statement in light of current market conditions10 October 2008, Published under Cement NewsCemex warned on Thursday its derivatives position slid into negative territory as its share price collapsed and investors panicked about the company’s outlook. But the Monterrey based-company tried to assuage fears, saying it has sufficient cash to meet all operating and financial requirements. "We continue to employ derivatives only to execute our financing plan and to partially hedge our capital investment in our foreign subsidiaries," Cemex said in a statement. Cemex said the current v... |
Merckle buys more shares in HeidelbergCement09 October 2008, Published under Cement NewsMajority shareholder of German cement producer HeidelbergCement, Adolf Merckle, bought further 578,395 shares in the group on Monday via his holding firm VEM Vermoegensverwaltung GmbH. This was the third time he hiked his stake over the last week, HeidelbergCement said today. The group reported the previous two transactions yesterday. All in all, Merckle has increased his interest in the cement producer by 694,381 shares for a total purchase price of EUR 50.1 m (USD 68.4m) since the beginn... |
NNS Holding boosts Lafarge stake to 13.2 per cent09 October 2008, Published under Cement NewsNNS Holding, the Luxembourg-based investment fund controlled by Nassef Sawiris, has boosted its stake in Lafarge to 13.2 per cent, a spokesman said on Wednesday. A spokesman for NNS said the fund bought 300,000 shares in the last 48 hours, in a single transaction worth EUR26.6m. NNS has had two seats on Lafarge’s board since December, when it took an 11.4 percent stake, which it has since been gradually building, the spokesman said. |
Malaysia: offer for UEM Builder, CIMA becomes unconditional09 October 2008, Published under Cement NewsUEM Group Bhd’ takeover offers of UEM Builders Bhd and Cement Industries of Malaysia Bhd (CIMA) became unconditional yesterday. According statements to Bursa Malaysia here yesterday, the group said it had obtained more than 50% of the voting shares of UEM Builders and CIMA it did not own, making the offer unconditional. The group proposed to acquire all the remaining shares it did not own in UEM Builders and CIMA at RM1.42 a share and RM6.26 apiece, respectively. UEM Group said the offers ... |
Sawaris want more from Texas09 October 2008, Published under Cement NewsNassef Sawiris, an Egyptian executive who owns nearly 15 percent of Texas Industries Inc.’s stock, has sent a letter to the company’s shareholders, petitioning them to oust two board directors, including Sam Coats, a former Dallas mayoral candidate. Sawaris wants the Dallas-based cement maker’s shareholders to withhold their votes on Coats and Thomas Ransdell, who are both up for re-election on Oct. 21. Coats is a business and aviation consultant in Dallas. He also was president and CEO of ... |
Mondi Bag Converting invests in bag plant in North Western Europe08 October 2008, Published under Cement NewsOn 3 October 2008 Mondi will inaugurate a new bag converting plant in Belgium. The plant in Tubize with its long tradition of bag production, which goes back to 1928, was closed and production moved 30 kilometres to Mondi Brussels South in Gislenghien, a site well equipped for the future. Between August 2007 and September 2008, the new premises were constructed and machinery was set up. The last production line was transferred and installed on 22 September 2008, and the official opening of ... |