Corporate

27 July 2006

Portland Valderrivas profit up 51 per cent, Spain

In the first half of this year, Spanish cement producer Cementos Portland Valderrivas recorded a net profit of EUR96.19m , up 51.37 per cent on the same period in 2005.

27 July 2006

UltraTech Q1 net profit triples, India

UltraTech Cement Ltd, an Aditya Birla group company has announced that net profit more than tripled for the first quarter ended June 30 2006 on higher domestic realisation and volumes.

27 July 2006

Titan is boosted by US market strength

Titan increased turnover in first six months by 24.8% to EUR 764.7m and the operating profit at the EBITDA level by 36.5% to EUR 220.4m. Sales of cementitious materials grew by 7.5% to 7.75Mt, while

26 July 2006

Fujairah Cement reports net profit of $21.1m, UAE

The UAE based Fujairah Cement Industries Company made $21.1m in net profits for the first half of this year compared to $19.01m during the same period last year, KUNA reported.The company realized net

26 July 2006

Florida Rock 3Q profit rises 27 per cent

Florida Rock Industries Inc., provider of concrete and other materials for the construction industry, said Tuesday fiscal third-quarter profit increased 27 percent, as growth in nonresidential demand

26 July 2006

Thai Siam Cement Q2 net down 13 per cent on costs

Siam Cement PCL (SCC) , Thailand’s top conglomerate, reported a larger-than-expected 13 percent fall in second-quarter earnings on Wednesday as high energy costs continued to bite into profits.

26 July 2006

Ciments Français shows good first half growth

Ciments Français, which essentially covers the non-Italian operations of the Italcementi group, increased first half turnover by an underlying 16.4% to €2,156.9m. With an increase of 10.4% to €1.032.8

25 July 2006

USG advances across the board

USG, which emerged out of its asbestos related bankruptcy proceedings last month, increased turnover by 23.5 per cent to US$3038m in the first six months of the year, with the trading profit jumping 8

25 July 2006

Titan to invest in Albania

Titan Cement plans to start a US$200m cement and clinker factory construction in Albania, it was reported on July 24, 2006. The project will also be co-financed by the European Bank for Reconstructio

25 July 2006

JP Morgan to help finance Gresik acquisition

JP Morgan has agreed to provide a loan to the Rajawali Group to help finance its acquisition of 24.9 per cent stake of Cemex in state cement maker PT Semen Gresik, a report said. Cemex has agreed to s

25 July 2006

Chinese bank loans $97m

The Industrial and Commercial Bank of China (ICBC) will provide a credit package worth US$97m to the Tay Ninh Cement Plant, according to the agreement signed July 24 between the ICBC and France’

24 July 2006

Guj Ambuja net surges on higher prices

More good news for the Indian cement sector as Gujarat Ambuja posted a more-than-double growth in its profitability for the quarter ended June 30. Riding on the back of higher prices, India’s f

24 July 2006

Thai majors to reflect downturn

Siam Cement and its rival Siam City Cement are both likely to report a decline in second-quarter net profit due to high oil prices and a slowdown in construction projects, analysts say. "Cement sales

21 July 2006

Titan Cement H1 pretax

Credit Suisse First Boston expects Greece’s Titan Cement to announce pretax profits of Euro 141m for the first half on sales of Euro 722m. Operating profits are seen at Euro 155m, the broker sai

21 July 2006

Italian-Thai warns of poor Q3

Italian-Thai Development, one of the country’s biggest construction company, said yesterday that it expected a second-quarter net profit similar to the previous quarter’s 197 million baht.

21 July 2006

Gujarat Ambuja cements update

Gujarat Ambuja Cements Ltd., has announced the following business outlook to the Mumbai stock exchange: