Cement News tagged: Corporate
Semen Gresik Director Resigns
A director of PT Semen Gresik Tbk has filed his resignation plan to the company’s board and the company plans to arrange extraordinary general meeting of shareholders on December 10 2007.
Sinoma places shares to six investors
China’s largest cement production equipment manufacturer China National Materials Group Corporation (Sinoma) has chosen 6 investors to take up 20% stake
Italcementi adds 1.1 per cent on low volume, rising for a seventh straigh day
talcementi added €16.0cents (1.1%) to €14.14.
CRH in €170m Florida deal
CRH has acquired ready-mixed concrete businesses in Florida from cement giant Cemex in a deal worth US$250m (€170m, writes Richard Curran.
Huaxin halts trading, mulls foreign proposal
According to China Knowledge Press, Huaxin Cement Company Limited is reportedly considering an investment offer from an overseas company and has stopped stock trading temporarily.
Lafarge Malayan Cement posts 77.2% rise in nine month pretax profit
Lafarge Malayan Cement has registered a 77.2 per cent jump in nine-month pre-tax profit to RM245.713m (US$72.7m) from RM138.688m
Dangote Group Appoints New CEO
Dangote Industries Limited, the holding company for the Dangote Group, the largest industrial conglomerate in West Africa and one of the largest in Africa has announced the appointment of Mr. Tony
Egypt’ National Cement Q1 net profit slides 39 per cent
Egypt’s National Cement posted a 39 percent drop in net profit to E£55.5m ($10.04m) in the first quarter of the fiscal year
Burnpur Cement plans IPO, India
Burnpur Cement Ltd, a West Bengal-based cement manufacturer, is foraying into the capital market with an IPO of 2,19,00,000 equity shares of Rs 10 each for cash at a premium of Rs 2 per share
Asia Cement plans to raise US$300m in Hong Kong
Asia Cement Corp., Taiwan’s second-biggest cement maker, will spin off its China unit to raise $300m in a Hong Kong initial public offering in the first quarter,
Jakarta rejects Semen Gresik plan to issue convertible bond
The government refuses to approve plan by state-owned cement maker PT Semen Gresik to issue convertible bond (CB) to finance the construction of new cement factories.
Morgan Stanley stakes stake in Portuguese Semapa
US investment bank Morgan Stanley has become the holder of a 2.67 per cent stake in the the share capital and 2.799 per cent in the voting rights of Semapa.
Ecocem appoints Laurence Crowley
Irish cement-maker Ecocem has appointed accountant and former Bank of Ireland governor Laurence Crowley as its chairman.
JK Lakshmi Cement’s net profit more than doubles
JK Lakshmi Cement Ltd (JKLC) has posted a net profit at Rs 142 crore during six months of the current fiscal as compared to Rs 66 crore in the corresponding period of the previous year.
Downward revisions by Euroconstruct
The latest Euroconstruct Conference held in Vienna, issued its revised forecasts for 19 European construction markets for 2007 to 2009 and released new forecasts for 2010.
Cemex given extension for divesture of US assets
According to the US Department of Justice’s web-site, Cemex has being given a 21-day extension for it to divest of its 39 rmc, concrete block and aggregates facilities in Florida and Arizona,