Corporate

07 July 2006

SCCC expected second quarter earnings to fall, Thailand

Siam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affecte

06 July 2006

Gresik forecasts rise in net profit, Indonesia

Despite a decline in cement demand in Indonesia, state-owned cement maker PT Semen Gresik is optimistic it will post a net profit of Rp1.12 trillion (US$123.5m) this year, up from Rp1.02 trillion last

06 July 2006

Qassim Cement H1 profit up, Saudi Arabia

Saudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said ear

06 July 2006

Ukrainian producer profit

Urkainian producer Mykolaivtsement ended 2005 with a net profit of UAH 21.98m, increasing net revenues by 28.4 per cent or UAH 44.42m, compared to 2004 to UAH 201.07m.

06 July 2006

US Concrete closes concrete purchases

US Concrete Inc has completed the purchase of Alberta Investments Inc and Alliance Haulers Inc for $165m.

05 July 2006

FFE Minerals acquisition

FFE Minerals has acquired US-based Excel Foundry and Machine, Inc., which is a leading provider of quality spare parts and services to the mining and aggregate industries. At the same time, FFE Minera

05 July 2006

Dontsement ends with improved 2005

Cement producer Dontsement company (Amrosiivka; Donetsk region) ended 2005 with a net profit of UAH 15.14 million.

05 July 2006

Readymix sells East Wall site

Irish Readymix has sold its site on East Wall Road to the Dublin Docklands Development Authority (DDDA) for €23 million in cash, €7 million more than the guide price. Readymix had said it expected to

05 July 2006

Bio Bio sells assets worth $73.95m

Chilean cement producer Cementos Bio Bio (CBB), controlled by industrial group Briones, announced on July 3, 2006, that it had sold the assets of some of its subsidiaries for a total of $73.95m.

05 July 2006

CNBM plans to spin off unit

China National Building Material Group Corp (CNBM) plans to spin off its machinery equipment making unit, Northern Heavy Industry, for a separate listing in Hong Kong. CNBM president Song Zhiping sai

05 July 2006

Holcim Bulgaria to push capacity increase in 2006

Holcim will complete a Euro 26.5m investment in raising the output capacity of one of its Bulgarian plants by the end of August, a senior company official said on Tuesday.

04 July 2006

BASF completes acquisition of Degussa’s construction chemicals business

The acquisition of Degussa AG’s construction chemicals business by BASF Aktiengesellschaft was completed on July 1. The purchase price for equity is just under €2.2 billion. As a result, the transacti

04 July 2006

TPI Polene preparing to raise B16bn

TPI Polene Plc is preparing to raise up to THB16bn through a private placement and an offer of new shares to its existing shareholders in order to pay down its debts.

03 July 2006

South Korea begins selling stake in Ssangyong Cement

Creditors of South Korea’s Ssangyong Cement have started the sale process of a 46 percent stake in the cement maker, officials at its creditors said.

03 July 2006

SG Eyes IDR8 trillion revenue

Amid the slower cement market on the first half of the year, PT Semen Gresik Tbk (SG) set the sales growth target of 6.24% to IDR8 trillion from IDR7.53 trillion last year.

30 June 2006

Kesoram increases borrowing limit to meet expansion plans, India

To meet the expenses of its future expansion plans, Kesoram Industries Ltd on Thursday increased its borrowing limit to Rs 2,000 crore from Rs 1,000 crore.