Heidelberg open offer falls through
The open offer made by the German cement major HeidelbergCement to the shareholders of Mysore Cements Ltd has fallen through.
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Rival takeover pressures Cemex bid
Cemex is under new pressure to jack up its US$12.8bn ($16.3bn) hostile takeover bid for Rinker after the latest play by Holcim for Canada’s St Lawrence Cement Group.
Bío Bío 2006 profits surge 82% to US$89m
Chilean company Cementos Bío Bío saw net profits climb 81.9% to 48.0bn pesos (US$88.8m) last year compared to the 26.4bn
Readymix FY pretax profit up 32 per cent
Irish cement maker Readymix PLC reported a 32 per cent rise in full-year pretax profit, as a result of favourable economic conditions and a range of performance improvement ini...
India’s Gujarat Ambuja Feb shipments up 9.7 per cent YoY
Gujarat Ambuja Cements Ltd. , India’s third-biggest cement maker, said its February shipments rose 9.7 per cent to 1.36Mt from a year earlier.
Frere aiming to raise Lafarge stake
Belgian financier Albert Frere is planning to eventually raise his stake in French cement maker Lafarge to 30 per cent,
India Cements Board approves Visaka merger
India Cements today said its Board of Directors has decided to merge Visaka Cement Industry, an associate company with itself and has also appro
India Finance Ministry: cement prices beyond "reasonable limit"
India’s Finance Minister P. Chidambaram Thursday asked cement makers and other manufacturers for help in fighting inflation.
Lafarge completes roof division sale to PAI Partners
Lafarge SA has completed the sale of a controlling stake in its roofing-tile business to Paris-based private equity firm PAI Partners.
Indian expansion leads growth at Holcim
Holcim’s turnover rose by 29.8% in 2006 to SFr23,969m (EUR15,170m) and the operating EBITDA advanced by 31.5% to SFr6,086m (EUR3,852m) as margins improved from 25.1% in 20...
Holcim Romania to halt white cement production in 2008
The Romanian unit of Holcim would halt its production of white cement next year due to persistent rise in natural gas prices, the company said on Tuesday.
Lafarge invest US$50m in plasterboard plant
French cement maker Lafarge and Mexican paints maker Comex have invested US$50m (EUR37.8m) in a plasterboard plant in Mexico, the two companies announced.
Real estate developers worried over cement shortage
Ghana Real Estate Developers (GREDA) on Tuesday expressed worry over the non-availability of cement as a core product of the building industry.
Egypt’s OCI in deal to build Saudi cement plant
Egypt’s Orascom Construction Industries said on Tuesday it had agreed to a joint venture with the Saudi Khayyat Group to construct a greenfield cement plant in the kingdo...
Vicat’s offer for Malaysia’s CIMA units lapses
An offer by French cement firm Vicat to acquire equity interests in five subsidiaries of
Ukraine Cement output up 56.9 per cent YoY Jan 2007
Ukraine’s cement output jumped by 56.9 per cent YoY, but declined by 26.9 per cent month-on-month to 767,000t in January 2007, data of the State Statistics Committee showed.
Cimpor completes acquisition of Turkish cement company YLOAC
Cimpor said that it has completed the acquisition of 99.68 pre cent of the share capital of
India Cements to issue 1 share for 5 held in Visaka
India Cements Ltd. said on Wednesday its board approved the merger of its associate, Visaka Cement Industry Ltd.
Vietnam expected to see cement oversupply in 2010
Vietnam’s domestic supply for cement is forecast at around 60Mt in 2010, while its demand at some 50Mt,
Location for new cement plant sought, Azerbaijan
Representatives of France’s Lafarge are going to Baku today to examine raw material sources required for production of cement.
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