Corporate

19 February 2007

EA Portland After-Tax Profit Rises to Sh727.6m

Cement maker, East African Portland Cement Company (EAPCC), has posted an after tax profit of Sh727.6 million in the six months period ended December 31 last yea

16 February 2007

Cementir two years ahead of business plan

Italian cement and concrete group Cementir yesterday announced pre-tax profits of 168.9m euros for 2006,

16 February 2007

Bamburi posts higher earnings

Keny’s leading cement manufacturing company, Bamburi Cement has announced it earned Shs95 billion in pre-tax profits for the financial year ended December 31,

16 February 2007

Siam City Cement Mediocre FY07 prospects

The outlook for the domestic cement industry this year appears uninspiring with a slowdown expected in domestic construction activity, particularly in the real estate sector.

15 February 2007

Kuwait Cement’s 2006 net profit up 6.9 per cent

Kuwait Cement Co. posted a 2006 full-year net profit of KWD40.3m (US$139.3m), up 6.9 from the previous year.

15 February 2007

Titan Cement FY net to rise 31.7%

Titan Cement is expected to report on Feb 21 a 31.7% rise in full year group net profit to EUR276.8m from a year earlier, on the back of robust sales in Greece, healthy exports and due to its diversi

15 February 2007

Kuwait Cement’s 2006 net profit up 6.9 per cent

Kuwait Cement Co. posted a 2006 full-year net profit of KWD40.3m (US$139.3m), up 6.9 from the previous year.

15 February 2007

Semen Gresik to Conduct Corporate Restructuring

PT Semen Gresik Tbk has planned to conduct corporate restructuring by establishing holding companies to control some cement units like PT Semen Gresik Tbk, PT Semen Padang, and PT Semen Tonasa.

14 February 2007

Lafarge FY 06 Sales EUR16.9bn Vs EUR14.48bn

Lafarge said it recorded revenues of EUR16.9bn in 2006 compared to EUR14.48bn in 2005.

13 February 2007

CHC Jingyang’s Business Income Reaches RMB86.54M In January

Chia Hsin Cement Greater China Holding Corporation announced today that its subsidiary Chia Hsin Jingyang Company achieved an unaudited

13 February 2007

Hilal Cement Company retains GulfMerger to advise on strategies for long-term growth

GulfMerger, an independent financial advisory firm in the Middle East, has been retained by Hilal Cement Company as financial advisor to review its strategic growth alternatives.

12 February 2007

Tabuk Cement raises capital to US$240m

Officials at Saudi Arabian Tabuk Cement Company announced that the company has gained the approval of the country’s Capital Market Authority (CMA) to expand the company’s capital from $186

12 February 2007

Tanga Cement posts 16bn/- profit

Tanzania’s Tanga Cement Company (Simba) has posted 15.99bn/- net profit for its operations for the year ended December 2006, up from 7.233bn/- recorded in the preceding year.

12 February 2007

Chinese clear cement plant purchase by CRH

CRH has been cleared by the Chinese government to complete the purchase of a cement plant in Heilongjiang province, in the northeast of that country.

09 February 2007

CIMA surge draws query

Shares of Cement Industries of Malaysia Bhd (CIMA) rose 26 per cent, or RM1.30, yesterday, prompting a query from Bursa Malaysia.

09 February 2007

Strong margin improvement at Martin Marietta

Martin Marietta Materials sold 180.1Mt (198.5Mst) of aggregates in 2006, which was 2.3% less than in the previous year.