Corporate

03 August 2006

New CEO for Heracles Cement, Greece

Management of Athens-quoted Heracles General Cement Co said on Wednesday that a new managing director was in place.

03 August 2006

Bamburi profits soar, Kenya

Bamburi Cement announced its half year group results with a 22 per cent growth in operating profit from Sh1.6bn to Sh1.9bn during the past six months. Turnover for the year rose by 12 per cent to S

03 August 2006

Carib Cement second quarter loss

For the second quarter to June 30, 2006, Carib Cement reported a loss of $43.7m which, when added to the first quarter loss of $190.6m that includes $160m for claims relating to non-conforming cement,

02 August 2006

Lafarge H1 net profit jumps 53 pct on strong organic growth

Lafarge said net profit jumped a greater-than-expected 53 per cent to EUR548m in the first half from EUR359m a year earlier, lifted by ’strong organic growth’, especially at its cement act

02 August 2006

Lawrence swings to profit on higher prices

St. Lawrence Cement Group Inc. swung to a second-quarter profit on Tuesday, as a lower Canadian income tax rate and higher selling prices for construction materials helped offset a decline in sales vo

02 August 2006

Egyptian Torah Cement net profit jumps to $31.4 Mln H1 2006

Egyptian Torah Cement registered a net profit jump to E£180.4m (US$31.4m) in the first half of 2006, from E£70.5m (US$12.3m) in the year-ago period, Cairo and Alexandria Stock Exchanges (CASE) said on

02 August 2006

Merger between FLSmidth and Potagua FLS

On 1 August, the Boards of Directors of FLSmidth & Co and Potagua FLS A/S ("Potagua FLS") have made a final decision to carry out a taxable merger between the two companies, FLSmidth & Co. being the c

02 August 2006

Argos expects to recover US$700mn US investment in 5-6yrs

Colombia’s dominant cement company Argos expects to recover within five-six years its investments from the three companies it acquired in the US, even though it has already begun to collect prof

01 August 2006

GCC completes private placement

Grupo Cementos de Chihuahua (GCC) a leading cement producer in markets where it competes in Mexico, the United States and Bolivia, today announced the successful completion of a US$250m senior guarant

01 August 2006

Qatar National Cement profits down

Qatar National Cement Company (QNCC ) registered a net profit of 88.09 mln Qatari rials (US$24.2m) for the first half of 2006, down from 90.64 mln rials (US$24.9m) in the corresponding period of 2005,

01 August 2006

Mandiri, Holcim sign pact on housing loans

Indonesia’s Bank Mandiri signed a memorandum of understanding Monday with PT Holcim Indonesia, on the extending of loans to Holcim’s partner distributors to encourage them to build low-cost hous

31 July 2006

Binani Cement to divest stake to Mauritius fund, India

In a notice to stock exchanges, Binani Industries said that it had decided to divest 10.09 per cent in its subsidiary Binani Cements to Ganesha Prime Holdings (Mauritius), a subsidiary

31 July 2006

Polpaico ups profits 18 per cent, Chile

Chilean cement producer Cemento Polpaico increased consolidated net profits 18.3 per cent to 9.82bn pesos (US$18.2m) during the first half of this year, compared to the same period last year, the comp

31 July 2006

Cemex Venezuela profit gains

The Venezuelan unit of Mexican cement company Cemex (CX) saw profits skyrocket 87 per cent during the first half of the year as demand for cement in the Andean country set new records

31 July 2006

Grasim 1Q improvements, India

India’s Grasim Industries Ltd said Saturday its fiscal first-quarter consolidated net profit rose 47 per cent as its cement and viscose staple fiber business grew. The company’s net profit

31 July 2006

Dalmia Cement net up four-fold

Dalmia Cement (Bharat) Ltd today reported a more than four-fold increase in net profit at Rs 50.28 crore for the April-June quarter this fiscal as compared to Rs 10.72 crore in the year-ago period