Corporate

06 April 2006

Government to buy-back Gresik

Indonesian government will use the preemptive rights to buyback 25.53 per cent shares of PT Semen Gresik, Cemex Asia Holdings plan to sell. The Minister of SOE Sugiharto said the government, controll

05 April 2006

New Lafarge offer still too low

A shareholder revolt against an attempted buyout of Lafarge North America Inc. (LAF) continues despite an enriched offer Lafarge SA made for the company on Tuesday. A pension fund that has been fight

05 April 2006

Holcim New Zealand higher profit

Holcim New Zealand reported a three per cent net profit increase and increased cement sales last year, despite rising energy costs and disruptions to shipping caused by a lengthy closure of the Buller

05 April 2006

IFC and Anhui Conch

Washington DC-based International Finance Corp has agreed to pay a higher-than-anticipated price for a 3.7 per cent stake in China’s largest cement manufacturer, Anhui Conch Cement Ltd. An offic

05 April 2006

Holcim open offer for GACL starts today

Holcim’s offer to acquire an additional 20.3 per cent of Gujarat Ambuja Cement Ltd (GACL) at Rs 90.64 per share from the retail investors will open on Wednesday. Holcim, which controls 14.8 per

04 April 2006

Steppe Cement: profits rise, Kazakhstan

Steppe Cement Limited operating subsidiary, Central Asia Cement JSC, has reported a full year pretax profit of KZT2562.5m compared with a year-earlier profit of KZT1590.9m. Consolidated net profit a

04 April 2006

Dalmacijacement net profit slumps

Croatian cement maker Dalmacijacement-RMC Group, now owned by Cemex, said on Monday its net profit fell last year to 47

04 April 2006

Capital Group slips under the wire

Holcim Ltd has reported that The Capital Group Inc, based in Los Angeles now holds a 9.99 per cent stake in its shares, from 10 per c

04 April 2006

Anhui Conch increases share price, China

China’s Anhui Conch Cement Ltd said Tuesday two strategic investors will pay 3.7 per cent more per share for the minority stakes they had ag

04 April 2006

Titan Cement buys ready-mix in Florida

Titan America LLC has bought two ready-mix concrete producers in Florida.

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