Cement News tagged: Corporate
Egypt’s South Valley plans capital increase
Egypt’s South Valley Cement said on Sunday its board had approved a plan to increase its capital to E£2.2bn (US$398.6 m) from E£1.48bn to finance expansion.
HeidelbergCement: Still mulling hybrid, but equity cheaper
HeidelbergCement AG (HEI.XE) is still considering selling a hybrid bond to help fund its acquisition of U.K.-based Hanson,
Vulcan Materials buys Florida Rock
Vulcan Materials Co has closed its acquisition of Florida Rock Industries, Inc, for total consideration to Florida Rock shareholders of approximately $4.2bn based on the closing price of Vulcan stock
Saint-Gobain never approached Lafarge
French building materials group Saint-Gobain said on Friday it had never approached cement giant Lafarge about a possible merger and reaffirmed its commitment to sell its packaging unit in 2008.
Taiwan Cement aims to boost return on equity to 25 per cent
Taiwan Cement Corp aims to raise the return on equity (ROE) to 25 pct from the current 12-13 per cent,
Holcim ordered to dish out US$32m to workers
The office of Ecuador’s attorney general (PGE) has ordered the local branch of Holcim to pay US$31.7mn to its workers, PGE
ACC to transfer ready-mix concrete business to subsidiary
Cement major ACC has decided to transfer the ready-mix concrete business to its wholly owned subsidiary
Vulcan Materials and Florida Rock receive approval to close transaction
Vulcan Materials Company and Florida Rock Industries, Inc announced today that they have received clearance from the Department of Justice
Taiheiyo Cement downgrades FY net profit forecast
Taiheiyo Cement Corp decreased full-year net profit forecast 29.7 per cent to JPY22.5bn after increasing net profit 7.9 percent to JPY8.5 billion for the half-year to September 30, 2007.
Holcim’s open offer to Ambuja Cements begins tomorrow
Holcim’s open offer for over 20 per cent stake in Ambuja Cements will start from tomorrow.
Egypt’s Torah Cement 9-month net profit up 10.6 per cent
Egypt’s Torah Portland Cement reported a 10.6 percent rise in net profit for the first nine months of 2007 to £290.6m (US$52.8m),
Egypt’s Misr Beni Suef Cement says 9-mnth profit up
Misr Beni Suef Cement said its profit for the first nine months of 2007 rose 2.6 per cent to £E211.4m (US$38.44m).
Holcim Indonesia seeks new loans to prepay US$214.71m debt
Cement maker PT Holcim Indonesia said Tuesday it is proposing to borrow funds to prepay some of its US$214.71m debt.
Lafarge Asks Albert Frere To Join Board Of Directors
Lafarge SA has invited Belgian businessman Albert Frere to join its board of directors, Belgian daily L’Echo reports Friday, citing Lafarge.
New order for Sinoma in Iran
China Sinoma International Engineering Co., Ltd announces that its subsidiary recently signed a contract with Iranian Neyriz Grey Cement Company.
Lafarge Cement sales in Romania up 58.6 per cent YoY Jan-Sept 2007
Lafarge’s cement sales in Romania rose 58.6 per cent YoY in terms of value in the first nine months of 2007.