Corporate

03 April 2006

Caltagirone SpA net profit increases

Italian holding company Caltagirone SpA posted a net profit of Euro 113.68m in 2005, up 199 per cent from Euro 51.91m in 2004. The 2005 results can be partly attributed to the October 2004 acquisition

03 April 2006

CIMA suggests a smaller stake to Vicat

Cement Industries of Malaysia Bhd (CIMA) is keen to sell a share of its assets to French cement manufacturer VICAT SA but the stake may be smaller than the 51 per cent reported earlier, local news rep

03 April 2006

China Resources to take its cement arm private

China Resources (Holdings) Co. Ltd. said on Monday that it plans pay HK$428m (US$55m) to take its cement arm, China Resources Cement Holdings Ltd, private. Through its wholly-owned Smooth Concept Inv

31 March 2006

Ministry forecasts US$1bn in Japanese investment

Vietnam expects to draw US$1 billion in foreign direct investment (FDI) from Japan this year, according to the Ministry of Planning and Investment (MPI). Japan is ranked as third on the list of invest

31 March 2006

Egyptian Alexandria Cement net profit climbs

Egyptian cement producer Alexandria Cement registered a surge in consolidated net profit to 194 mln Egyptian pounds (US$33.8m) in 2005, compared to 52.3 mln pounds (US$9.1m) in 2004, the company said

31 March 2006

Heracles shows higher earnings

Heracles General Cement Company has reported consolidatedprofits before tax of Euro 134.1m in 2005 and earnings for the parent company of Euro 123.4m in the same year.The Heracles Group of Companies p

31 March 2006

Texas Industries 3Q down

Texas Industries Inc.’s (TXI) fiscal third-quarter profit fell 29 per cent from a year-earlier period that included income of US$14.5m from discontinued operations. The Dallas cement producer sa

31 March 2006

Mysore Cement stake sold

The Indian ICICI Bank has sold its entire 8.5 per cent stake in the SK Birla promoted Mysore Cements (MCL) to SBI Mutual Fund and Templeton Mutual Fund for a consideration of Rs 35.5 crore. ICICI Bank

30 March 2006

FLSmidth and Iraq’s oil for food programme

The Public Prosecutor for Serious Economic Crime has decided to raise charges against FLSmidth A/S as well as against several other Danish companies.

30 March 2006

Portland Cement quizzed on auditing procedures

Analysts have asked Portland Cement Limited, whose majority shareholder is Lafarge, to engage an independent auditing firm to investigate the financial scam that has resulted in the loss of K258 milli

30 March 2006

Lafarge to bid for Semen Gresik stake?

According to the Indonesian government, French building materials group Lafarge is among the bidders for a 25 per cent stake in PT Semen Gresik, Indonesia’s leading cement group.The holding, val

30 March 2006

Lafarge and the Sarbanes-Oxley Act

Lafarge announces the results of its assessment of its internal control over financial reporting, carried out in accordance with the provisions of section 404 of the Sarbanes-Oxley Act. These results,

30 March 2006

Gresik to miss March 31 deadline

Indonesia’s largest cement maker PT Semen Gresik will miss the March 31 deadline for reporting its 2005 audited financialresults, investor relations head Agung Wiharto said. "We won’t make

30 March 2006

Colombian Argos plans

Colombian cement producer Cementos Argos is planning to enter the oil and hydroelectric business, according to modifications to its statutes approved during the latest shareholders’ assembly. In

30 March 2006

Profit-booking in India Cements

Southern Indian cement maker India Cements is seeing sizeable selling by foreign-based funds. On Wednesday, CLSA sold 1.1 million shares at Rs 161. CLSA’s sale comes after ABN AMRO Bank sold 1.0

29 March 2006

Yanbu Cement to triple its dividends, Saudi Arabia

Yanbu Cement Co announced yesterday that it will triple its dividends for the second half of 2005. The company will pay SR15/share in dividends for the second half, following a six-per cent increase i