Wendel in talks to buy Materis for more than EUR2bn
French holding company Wendel Investissement is in talks to buy specialty materials maker Groupe Materis for more than EUR2bn, local press reported.
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Argentina’s Loma Negra considering bond programme
Argentine cement manufacturer Loma Negra is analysing the launch of a US$500m bond programme, the company said in a filing to the local stock exchange.
Cement giants put up bulk of shares for auction
Bim Son will offer 18 million shares and But Son 22m. The reserve price for both is VND11,000 compared to a par value of VND10,000. The deadline for registration of Bim Son shar...
TPI asks court for exit from debt restructuring status
TPI will ask the Central Bankruptcy Court on 29 December for approval to exit business rehabilitation, according to Gen Mongkol Ampornpisit, the chairman of the rehabilitation p...
Cibinong now Holcim Indonesia
The country’s third largest cement maker PT Semen Cibinong changed its name to PT Holcim Indonesia on January 1
Lafarge Malayan Cement buys back 6.16M shares
Lafarge Malayan Cement Bhd said it bought back 6.16 million of its own shares at prices ranging from MYR0.605 to MYR0.62 each
Orascom expands its bag interests
Orascom Construction Industries has acquired Egypt Sack Company for E£43m (EUR6.3m). Egypt Sack operates a single plant with an annual capacity of 60m cement bags and generated...
Tabuk Cement net profit up 20 per cent, Saudi Arabia
Tabuk Cement’s net profit rose to SR154.8m in 2005, up 20 per cent from the previous year, the Saudi Arabian company said yesterday.
China Resources Cement expands for 11th Five-Year plan
China Resources Cement Holdings will continue to invest in cement production in the next three year although there is downward pressure on cement price.
Holcim declines comment on Indian bid talk
Holcim , the world’s second biggest cement maker, has declined comment on market talk that it was eyeing India’s third-largest cement maker Gujarat Ambuja Cements Lt...
CRH spends some €1370m on acquisitions in 2005
The bulk of CRH’s acquisition activity last year came to fruition in the second half, when 35 deals totalling around €1200m were completed. Including development capital e...
Iranian company builds floating silos for cement shipment
An Iranian company in Arak has devised a new method to carry cement across the Caspian sea from Iran to customers in neighbouring countries. It makes use of containers similar to
Indian cement sales show steady gains
Local analysts expect India’s demand (including exports) to increase by about 10Mt in the new calendar year and cross the 150Mt mark.
ACC December figures
Associated Cement Companies Ltd. (ACC), has announced the company’s production and despatch figures for the month of December 2005, as follows: cement production: 1.574Mt,
Ciliberto buys Cementir shares
Mario Ciliberto, a member of the board of directors of Italian cement group Cementir, a unit of local construction company Caltagirone, has acquired Cementir shares for a total ...
Gujarat Ambuja Cements December production up
Gujarat Ambuja Cements Ltd today reported 3 per cent increase in the cement production at 1.161Mt for the month of December 2005, against 1.129Mt in the year-ago period. The
Konya Cimento to invest in cement mill construction
Turkish building materials producer Konya Cimento will invest Euro 12m in the construction of a new cement mill, the company said in a statement to the Istanbul Stock Exchange (...
Cemento Melón submits new plant for approval
Chile’s Cemento Melón group, controlled by France’s Lafarge, has submitted to the national environmental commission (Conama) an environmental impact study (EIS) for ...
Lafarge confirms update at Chilanga
Lafarge, the holding company for Chilanga Cement Plc, plans to spend Euro 85m in setting up a new cement line at its Lusaka facilities in Zambia. With a 750,000tpa capacity, the...
Pakistan cement sales up 12 per cent
Cement sales during the first six months of the current fiscal year registered a growth of 12.09 per cent as construction activity in the country was in full swing despite the f...
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