Corporate

10 July 2006

Siam Cement to invest more over the next five years, Thailand

The president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years.

10 July 2006

Spotlight on India Cements

When Mr N Srinivasan took over as vice chairman and managing director of India Cements Ltd. in 1989, the company had an annual production capacity of 1.6Mt and sales of 1.30 billion rupees (US$28.3m).

10 July 2006

India’s Petron wins Yemen contract

India’s Petron Engineering Construction Ltd. said on Monday it had signed a contract worth US$13.4m with Yemen’s National Cement Company for its participation in building a cement plant in

07 July 2006

Shree Cement more growth in July-August, India

MK Singhi, executive director of Shree Cements, says that the monsoon has not particularly affected sales the June quarter.

07 July 2006

Sibtsem acquires Kamenskiy plant, Russia

A stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy

07 July 2006

SCCC expected second quarter earnings to fall, Thailand

Siam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affecte

06 July 2006

Gresik forecasts rise in net profit, Indonesia

Despite a decline in cement demand in Indonesia, state-owned cement maker PT Semen Gresik is optimistic it will post a net profit of Rp1.12 trillion (US$123.5m) this year, up from Rp1.02 trillion last

06 July 2006

Qassim Cement H1 profit up, Saudi Arabia

Saudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said ear

06 July 2006

Ukrainian producer profit

Urkainian producer Mykolaivtsement ended 2005 with a net profit of UAH 21.98m, increasing net revenues by 28.4 per cent or UAH 44.42m, compared to 2004 to UAH 201.07m.

06 July 2006

US Concrete closes concrete purchases

US Concrete Inc has completed the purchase of Alberta Investments Inc and Alliance Haulers Inc for $165m.

05 July 2006

FFE Minerals acquisition

FFE Minerals has acquired US-based Excel Foundry and Machine, Inc., which is a leading provider of quality spare parts and services to the mining and aggregate industries. At the same time, FFE Minera

05 July 2006

Dontsement ends with improved 2005

Cement producer Dontsement company (Amrosiivka; Donetsk region) ended 2005 with a net profit of UAH 15.14 million.

05 July 2006

Readymix sells East Wall site

Irish Readymix has sold its site on East Wall Road to the Dublin Docklands Development Authority (DDDA) for €23 million in cash, €7 million more than the guide price. Readymix had said it expected to

05 July 2006

Bio Bio sells assets worth $73.95m

Chilean cement producer Cementos Bio Bio (CBB), controlled by industrial group Briones, announced on July 3, 2006, that it had sold the assets of some of its subsidiaries for a total of $73.95m.

05 July 2006

CNBM plans to spin off unit

China National Building Material Group Corp (CNBM) plans to spin off its machinery equipment making unit, Northern Heavy Industry, for a separate listing in Hong Kong. CNBM president Song Zhiping sai

05 July 2006

Holcim Bulgaria to push capacity increase in 2006

Holcim will complete a Euro 26.5m investment in raising the output capacity of one of its Bulgarian plants by the end of August, a senior company official said on Tuesday.