Cement News tagged: Corporate
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.
St-Gobain denies held merger talks with Lafarge
French building materials group Saint-Gobain denied on Thursday ever having held merger talks with Lafarge
Jordan Cement Factories net profit drops
Jordan Cement Factories Co (JCFC) posted a net profit of JOD42.4m (US$59.9m) for the first nine months of 2007, down from JOD50.6m ($71.4m) a year ago.
CGD cuts stake in Cimpor
Portuguese state-owned bank Caixa Geral de Depositos (CGD) has cut its stake in the share capital of local cement production group Cimpor
Lafarge 3Q Net Profit +9% despite US slowdown
Lafarge SA Thursday said net profit for the third quarter was up 9%, supported by emerging markets growth and higher prices, and in spite of the slowdown in the U.S. residential market.
Italcementi cuts FY opg guidance after Q3 profits miss expectations
Italcementi SpA has cut its guidance for full-year operating profits after its third-quarter results came in below market expectations.