Corporate

21 August 2006

Heidelberg revises Mysore terms

HeidelbergCement subsidiary Cementrum I bv has decided to waive off the conditions for accepting minimum number of shares under the open offer made by it to the shareholders of SK Birla group company

18 August 2006

Govt to offload shares in cement industry, Kenya

The government will soon offload more of its shareholding in the cement industry to the public through the Nairobi stock exchange, in a bid to certify the requirements of the Capital Markets Authority

17 August 2006

TPIPL places new shares

TPI Polene Plc has successfully sold capital-raising shares to existing shareholders, according to Prachai Leophairatana, the company’s chief executive.

17 August 2006

Antitrust board fines Akcansa

Akcansa, a major Turkish cement manufacturer, said that it received the antitrust board’s ruling that the company should pay

17 August 2006

Truce in Lebanon boost UAE shares

Shares in UAE cement companies reacted strongly to the Lebanese ceasefire this week as prospects increase of infrastructure and property reconstruction in the war-torn country

17 August 2006

SCC unit shifts its focus

SCT Co, the international trading arm of Siam Cement Group, is focusing on its new recycling and alternative energy businesses in order to raise margins,

16 August 2006

Sinai Cement net profit climbs

Egyptian Sinai Cement Company’s (SCC) net profit jumped to E£147.3m (US$25.6m) in the first half of 2006 from E£65.5m (US$11.4m) in the year-ago period,

16 August 2006

Cementos Argos to offer Bonds worth US$105m

Cementos Argos, Colombia’s biggest cement maker, on Wednesday will sell as much as 250 billion Colombian pesos (US$105m) worth of bonds maturing in six months and one year

15 August 2006

Boral sees civil engineering supporting Australian construction volumes

In its financial year to the end of June, Boral increased turnover by 10.7% to Aus$4,767m (€2,864m) with the EBITDA moving up by a more modest 3.7% to Aus$823m (€494m), while the pre-tax profit declin

15 August 2006

Balala says leave Lafarge alone, Kenya

Mvita MP Najib Balala has defended Lafarge Cement Company against claims of monopolistic practices in Kenya.

15 August 2006

Moody’s increases Cemex outlook to positive

Moody’s has changed the outlook on Mexican cement company Cemex’s senior unsecured debt - around US$62m rated at Baa3 - from "stable" to "positive,"

15 August 2006

KHD reports higher earnings

KHD Humboldt Wedag International Ltd announces results for the quarter and six months ended June 30, 2006.

14 August 2006

Trinidad Cement financial reviewed

Amidst an environment of increasing prices and cement demand, Trinidad Cement Limited (TCL), the Caribbean’s premier cement provider, delivered a weak half year performance (report local financi

14 August 2006

Portland ownership structure set for review

East African Portland Cement Company (EAPCC) major shareholders have agreed to review the firm’s ownership structure. Trade and Industry Permanent Secretary, Mr David Nalo, said the review was necessa

14 August 2006

UAE cement stocks rise

A rally in cement stocks dominated the latest session in Abu Dhabi. Cement Company led turnover in Abu Dhabi, jumping 6.75 per cent to 4.43 dirhams. The stock hit a one-month high of 4.53 dirhams duri

14 August 2006

Egypt stocks rise, led by cement sector gains

Egyptian shares rose in thin volume on Sunday, with cement companies gaining on what traders said were hopes of an imminent truce in Lebanon followed by large scale rebuilding. "Maybe the cement compa