Cement News tagged: Corporate
Holcim South Africa Buy Backed By Roughly EUR1B Bonds-Sources
The buyout of South Africa-based cement producer Holcim South Africa will be backed by roughly EUR1bn worth of high-yield bonds
China’s Sinoma Raises $538 Million in Cement IPO
China National Materials Co., the world’s largest provider of cement engineering services and equipment, raised HK$4.19bn
Burnpur Cement IPO subscribed 15.19 times
The initial public offer of Burnpur Cement Limited (BCL), one of the established cement manufacturers of Eastern India, has been subscribed 15.19 times.
Vietnam Bim Son Cement to sell 4.27M shares On Dec 25
Bim Son Cement Joint Stock Co. Wednesday said it plans to sell 4.27 million existing shares - equivalent to a 4.74% stake - on December 25.
GBL ready to up Lafarge stake to 20-30 per cent
Group Brussel Lambert said Tuesday it was ready to increase its stake in Lafarge to 20-30 per cent over time, a day after the French company announced a deal to buy Egypt’s Orascom Cement.
Peru’s Cementos Lima sees 2007 sales up 13-4%
Peru’s largest cement producer, Cementos Lima SA, expects its sales to be between 13% and 14% higher this year than last year, director general Carlos Ugas said
Fujairah Cement reports Dh135.98m profit
For the nine months ended September 30, 2007, Fujairah Cement Industries (FCI) reported an 11.7 per cent increase in net profit to Dh135.98 million from Dh121.71 million in 9M06.
India’s Holcim ups stake in Ambuja Cements to 46% for US$780m
Holcim said it has increased its stake in Ambuja Cements by 13 per cent to 46 per cent for US$780m through an open offer.
Holcim Indonesia extends gains on robust earnings outlook
Shares of PT Holcim Indonesia continued to surge Thursday after brokerages recently
Thai TPI Polene delays refinancing after huge fines
TPI Polene, Thailand’s third largest cement firm, said on Thursday it had delayed a plan to refinance around 8bn baht (US$264m) of debt
Cementir rises 1.8 per cent on high volatility
Cementir traded between an intraday low of €6.35 and a high of €6.41.
HeildelbergCement strengthens above moving average price
Heidelberg Cement AG has strengthened above its trend. The 200-day moving average price (MAP) was €110.60.
Egyptian Alexandria Cement AGM Approves US$0.54 Dividend/Share 9-Mo 2007
The annual general meeting (AGM) of Egyptian company Alexandria Cement approved on December 5,
India: cement scripts trail Sensex in returns
Cement manufacturing companies are facing a tough time in the current quarter as cement prices move south, while the cost of power and coal move north.
Sinoma IPO allure untarnished by mainland austerity measures
Despite the uncertainties posed by mainland austerity measures and a chilly response to some recent initial public offerings, the upcoming initial public offering for China National Materials (Sinoma)
Holcim consolidates stake in Ambuja Cements to 46 pc
Holcim Ltd, world’s second largest cement-maker, today said it has increased its stake in Ambuja Cements by 13 per cent to 46 per cent