Cement News tagged under: corporate
Arabian Cement Co reports increase in Q1 net income13 April 2004, Published under Cement NewsThe Jeddah-based Arabian Cement Co. announced that its first quarter net income grew by 32.2 per cent to reach SR 60 million ($16m), compared with SR 45 million ($12m) in the same period a year earlier. The company, which is the first cement producer in the Kingdom and the Gulf region, is fully owned by the private sector. |
EPF buys 1.74m additional shares in Lafarge Malayan Cement09 April 2004, Published under Cement NewsThe Employees Provident Fund (EPF) has raised its stake in cement maker Lafarge Malayan Cement Bhd by buying an additional 1.74 mln shares between March 11 and 24 on the open market, the company said. It said in a filing that EPF bought the shares in 4 tranches, increasing its holdings in the company to 278.79 mln shares. No other details were given. |
SCCC: share repurchase09 April 2004, Published under Cement NewsCumulative number of shares repurchased to date 9,268,800 shares or equal to 3.7075% of paid-up capital which is 2,274,322,000.00 Baht in total. Lowest price (Baht/share): 240.00 Repurchase or Highest price: 240.00 Number of share repurchased: 101,300 Repurchased Date: 7 Apr 2004 Total Number of shares repurchased 12,500,000 shares or equal to 5% of paid-up capital. Share repurchasing for financial management purposes. The due date of the share repurchase project 25 June 2004 |
Holcim sets 1-for-7 share issue09 April 2004, Published under Cement NewsHolcim will offer shareholders one new share for every seven held at a price of 52 Swiss francs ($41) under a capital increase to raise 1.5 billion francs, the cement group said on Thursday. Detailing a previously announced capital increase, the firm said the increase was fully underwritten by a syndicate of banks on April 7 and that plans to issue 28.74 million new shares would be presented to the annual general meeting on May 14. |
Spain Megasa buys small stake in Cimpor09 April 2004, Published under Cement NewsSpanish steel manufacturer Metalurgica Galaica SA (Megasa) bought a 1.99 per cent stake in Portuguese cement producer Cimpor for 56.2 mln euro ($67.9m) on April 7, 2004. Megasa bought 13.4 million Cimpor shares via the Euronext Lisbon stock exchange. The shares represent 2.01 pct of the company’s voting rights. Megasa will broaden its production with building materials such as iron, cement and concrete. The Galician company is expected to further increase its stake in the cement producer, a... |
L&T cement division demerger to be over by June09 April 2004, Published under Cement NewsLarsen & Toubro today said the process of demerging its cement division into a separate company Ultra Tech CemCo would be over by the middle of this year. "The process of cement division demerger is likely to be over by June, 2004," L&T chairman A M Naik told PTI. The company, however, would continue to have a residual interest and also have two directors on the demerged entity’s board, he added. After the final demerger, L&T would have 11.5 per cent holding in CemCo, while Grasim would ho... |
Cementir’s Italian profits hit by cost pressures08 April 2004, Published under Cement NewsCementerie del Tirreno, or Cementir for short, has reported a 3.4 per cent increase in turnover for 2003 to €292.6m. The operating profit at the EBITDA level rose by 3.6 per cent to €87.7m. Higher input costs, notably for energy, led to a €2m decline in the EBITDA from the Italian operations to €72.6m, but the contribution from Cementas in Turkey grew by some 50 per cent to €15.1m aided by the restructuring programme introduced when Cementas was acquired in 2001. The Turkish subsidiary is ... |
Holcim - share capital increase08 April 2004, Published under Cement NewsWith the successful closing of the public purchase offer to the minority shareholders of Holcim Apasco, Holcim Ltd announced a share capital increase in the amount of approximately CHF1.5 billion which was fully underwritten by a syndicate of banks on April 7, 2004. The Board of Directors of Holcim Ltd will submit to the Annual General Meeting of May 14, 2004, the proposal to issue 28.74 million new registered shares, out of the previously stated maximum of 33.54 million new registered sh... |
Cimpor to view Iraq investment potential?08 April 2004, Published under Cement NewsA delegation of representatives from 11 Portuguese companies will meet Iraqi government officials and businessmen in London in late April to discuss investment opportunities, Diario Economico reports. Companies interested include energy group GalpEnergia, utility Electricidade de Portugal (EDP), cement company, Cimpor and Banco Espirito Santo |
Taiwan Cement invests07 April 2004, Published under Cement NewsTaiwan Cement Corp said the company invested 117.7 mln yuan (approx US$14m) yesterday in China-based Xuzhou Conch Cement, which was capitalized at 130 mln yuan ahead of the injection. To date, the company has invested a cumulative US$22.15m in the project, against the US$55.4m for which it has secured regulatory approval in Taiwan, it said in a filing to the Taiwan Stock Exchange. |