Corporate

31 August 2006

Heracles reports H1 profit increase

Athens-quoted Aget Heracles SA on Wednesday announced group sales of Euro 329.5m for the first half of 2006, up 14.8 per cent against the same period of 2005. The parent company’s sales totall

31 August 2006

Sagar Cements plans offer

The board of directors of Sagar Cements Ltd, India, at its meeting on Wednesday decided to issue 18,50,000 convertible warrants of Rs 82 each on a preferential basis to identified persons in the pr

31 August 2006

Bim Son to auction shares

The Bim Son Cement Joint Stock Company, Vietnam, is to float 14 million shares at the HCM City Securities Trading Centre on September 20, the company announced.

31 August 2006

GCC receives $250m syndicated loan

Mexican cement maker Grupo Cementos de Chihuahua (GCC) received a syndicated loan for US$250m from a group of national and international banks, the company said on August 30, 2006.

30 August 2006

Creaton anticipates stable profits on higher sales

The leading German clay roof tile producer Creaton has increased first half turnover by 15.0% to €62.6m, with domestic sales advancing by 13% to €45.0m and exports and Hungarian production accounting

30 August 2006

Omani Raysut Cement Co records higher sales

Oman’s Raysut Cement Co registered a 78 per cent year-on-year surge in sales to 24.29 mln Omani rials ($63.1 mln/49.4 mln euro) in the first half of 2006, it was reported on August 26, 2006. Th

30 August 2006

Holcim under review

Holcim reported good H1 06 results on 24/08/2006 in line with consensus expectations. Analysts at Exane BNP Paribas have slightly adjusted its FY results. Guidance for 2006 already disclosed in Q1 of

29 August 2006

Ultratech expects large turnover increase

Ultratech Cement Ltd expects a 20 per cent rise in its gross turnover for the current fiscal year ending Mar. 31, 2007, its chairman said Monday. "We expect production to total 17.74Mt in the current

29 August 2006

Cement Corporation restructuring

Seven shut down units of state-owned Cement Corporation of India (CCI) are planned to be sold off soon to revive three of the remaining plants in Andhra Pradesh, Assam and Himachal Pradesh, Heavy Indu

29 August 2006

CRH plc 2006 interim results

CRH has delivered a strong overall first half outcome with an improved organic operating profit performance in each of its six business segments. Total first half development activity exceeded euro 0.

29 August 2006

Twiga Cement oversubscribed ’three times’

Investors’ response to an initial public offer (IPO) floated by Tanzania Portland Cement Company (TPCC) a month ago has raised more capital that was needed by management. While the management wanted t

29 August 2006

Siam Cement reports Q2/06

The Siam Cement Group (SCG) announced the operating performance for the second quarter and first six months of 2006, citing increase sales, particularly shown in chemicals business, while net profit d

29 August 2006

Cimpor 1H net profit improves

Cimpor says improved turnover boosted net income by 14.7 per cent to Euro 142.7m in the first half of 2006 from Euro124.4m in the same period last year. Sales rose 11.2 per cent to Euro 824.4m from E

25 August 2006

’Sibcement’ ordered to decrease its shareholdings

The Department of the Federal Anti-monopoly Service for the Krasnoyarsk Krai issued an order to ’Holding Company ’Siberian Cement’ OJSC (Kemerovo) to reduce its shares in ’Kras

25 August 2006

YTL Corp earnings

YTL Corp Bhd reported a 63 per cent jump in its fourth-quarter net profit, driven mainly by its cement and utilities division. The group intends to grow these businesses by looking for opportunities i

25 August 2006

TPI falls short of target

TPI Polene Plc has raised Bt12.18 billion (US$340m) - short of its target of Bt16.78 billion - from selling 1.27 billion newly issued shares through a rights issue and a private placement. The compa