Cement News tagged: Corporate
CCI in talks to set up cement plant
The Steel Authority of India (SAIL) is in talks with Cement Corporation of India (CCI) to set up a 1Mta cement plant near its Bokaro steel plant. The cement plant will be a 50:50 joint venture betwee
Cement firms top capacity use
A number of cement companies are utilising 100% capacity. Kesoram Industries tops the list, having raised its capacity utilisation from 108% in 2001 to 137% in 2004. Mangalam Cement is close by, with
RMC gains amid talk of cement price increase
RMC Group recovered from recent weakness amid talk that France’s Lafarge is set to push through further cement price rises in Germany.
Mitsubishi Materials expands in China
Mitsubishi Materials Corp and Mitsubishi Corp. said Friday they have set up a joint venture company for cement production in China. The new company, Qingdao Mitsubishi Cement Co., is capitalized at 2
Republic Cement optimistic
Republic Cement Corp. hopes to top profits in 2003 with an expected increase in cement sales this year. In the recent annual stockholders’ meeting, President and Chief Executive Juan Miguel R Mo
Madras Cements net up
Madras Cements registered a profit after tax of Rs 33.40 crore (Rs 12.96 crore) in 2003-04, higher by 158 per cent in relation to the previous year. The company’s board recommended a final divi
Holcim’s delists Apasco shares
The Mexican unit of Swiss cement company Holcim Ltd said Thursday it has delisted its shares from the local stock market. The shares of Holcim Apasco have traded occasionally since the European paren
Rinker¹s advance hit by weak US dollar
In the year to the end of March, Rinker increased turnover by only 2.0 per cent to A$5,339m (US$3,706m), because of the weakness of the US dollar, which accounted for 77.4 per cent of the turnover. Th
Taiheiyo down in Japan
Taiheiyo Cement Corporation, the largest Japanese cement producer, has reported a turnover 5.2 per cent lower at ¥879,484m (US$7,990m) for its financial year to the end of March 2004. The trading pro
Amnesty wants Israeli wall inquiry
Amnesty International has called on the Government to investigate links between Cement Roadstone Holdings (CRH) and the construction of Israel’s controversial security fence in the West Bank. H
Siam City Cement changes top staff
In its most drastic management revamp since Swiss cement maker Holcim Ltd took management control six years ago, Siam City Cement Plc is changing its chief executive and the heads of marketing, produc
Cement Shares Take A Hit
Indian Cement stocks have taken a heavy beating in June with the onset of monsoons. Industry majors such as Gujarat Ambuja, ACC and Grasim Industries have plunged up to 15 per cent on the bourses in J
Grasim offers to acquire 30% stake
Grasim Industries has made an open offer for acquiring a 30 per cent stake in Ultratech Cemco. The company came into existence after the demerger of Larsen & Toubro’s cement business. The offer
PSP Engineering sees losses rise
PSP Engineering, which took control of production at the bankrupt Prerovske strojirny engineering firm last year, posted an audited loss of CZK 93.4 mln in 2003, up from a loss of CZK 6.58 bn the prev
Greek Alpha Beton Reports
Greek Nimatemporiki-Alpha Beton, the company which emerged from the merger of textile company Nimatemporiki and concrete maker Alpha Beton, closed 2003 with a pre-tax profit of 3.17 mln euro ($3.81 ml
Holcim shareholder committed to keeping stake
Holcim’s leading shareholder Thomas Schmidheiny - one of Switzerland’s richest men - is committed to keeping his stake in the world’s second largest cement maker, his spokesman said