Cement News tagged: Corporate
Egyptian National Cement extends bid
Egypt’s National Cement Company (NCC), an affiliate of the state-owned Chemical Industries Holding Company (CIHC), has extended to May 16, 2004 the deadline for submitting offers in a sealed-bid
Alexandria Portland Cement
Alexandria Portland Cement, Egypt announced the release of FY03 results ending December,wherein the company sported a top line figure of LE235.3 million, illustrating a growth of 20.7 per cent over th
Egyptian Ameriya Cement to raise capital
Egyptian cement company Ameriya Cement will increase its capital to E£300m ($48.7m) from E£100m($16.2m), it was reported on April 13, 2004.
More concrete for Siam Cement
CPAC Concrete Products, a unit of the Siam Cement Group, yesterday outlined plans to invest a total of 500 million baht this year to expand its five factories to support revenue growth. The move woul
Turkish Bursa Cimento
The management board meeting of Turkish cement and clinker producer Bursa Cimento decided on April 8,
Egyptian Sinai Cement goes for more loans
Egyptian cement producer Sinai Cement will receive loans worth a total 245 mln Egyptian pounds ($39.8m) from the National Societe Generale Bank (NSGB) and HSBC Bank Egypt, it was reported on April 4,
Good interest in Saadi Cement stake
Pakistan: Several companies have shown interest in buying 51 per cent stake in Saadi Cement Ltd to help the company to run commercially. Faysal Bank Ltd, the financial adviser of the cement company, b
Holcim’s capital hike less dilutive than expected
Holcim will issue fewer new shares than expected in a capital increase to raise 1.5 billion Swiss francs ($1.18 billion), the world’s second biggest cement group said on Thursday, easing concern
Dirty tricks at Karaganda
Shareholders of Central Asia Cement enterprise (former Karaganda cement plant) are judicially deciding the right to own the property. Last Monday in Karaganda a press conference devoted to internal pr
Arabian Cement Co reports increase in Q1 net income
The Jeddah-based Arabian Cement Co. announced that its first quarter net income grew by 32.2 per cent to reach SR 60 million ($16m), compared with SR 45 million ($12m) in the same period a year earlie
EPF buys 1.74m additional shares in Lafarge Malayan Cement
The Employees Provident Fund (EPF) has raised its stake in cement maker Lafarge Malayan Cement Bhd by buying an additional 1.74 mln shares between March 11 and 24 on the open market, the company said.
SCCC: share repurchase
Cumulative number of shares repurchased to date 9,268,800 shares or equal to 3.7075% of paid-up capital which is 2,274,322,000.00 Baht in total. Lowest price (Baht/share): 240.00 Repurchase or Highe
Holcim sets 1-for-7 share issue
Holcim will offer shareholders one new share for every seven held at a price of 52 Swiss francs ($41) under a capital increase to raise 1.5 billion francs, the cement group said on Thursday. Detailin
Spain Megasa buys small stake in Cimpor
Spanish steel manufacturer Metalurgica Galaica SA (Megasa) bought a 1.99 per cent stake in Portuguese cement producer Cimpor for 56.2 mln euro ($67.9m) on April 7, 2004. Megasa bought 13.4 million Ci
L&T cement division demerger to be over by June
Larsen & Toubro today said the process of demerging its cement division into a separate company Ultra Tech CemCo would be over by the middle of this year. "The process of cement division demerger is
Cementir’s Italian profits hit by cost pressures
Cementerie del Tirreno, or Cementir for short, has reported a 3.4 per cent increase in turnover for 2003 to €292.6m. The operating profit at the EBITDA level rose by 3.6 per cent to €87.7m. Higher i