Lafarge is aiming for underlying sales growth of over five per cent per year but it gave no period for the forecast in slides posted on its website ahead of an annual shareholder meeting on Wednesday.
Lafarge’s future was in further question last night after the investment group run byBelgian financier Albert Frere raised its holding in the France-based cement maker to 10 per cent. Groupe Br
Egyptian company Ameriya Cement almost doubled its consolidated net profit to 74.1 mln Egyptian pounds (US$12.8m) in the first quarter of 2006, compared to 40 mln pounds (US$6.9m) in the year-ago peri
Holcim has sold 99.9 per cent of the new shares issued under its latest SFr1.7bn rights issue, the Swiss cement maker’s UBS Investment bank announced. In total, 21.055m shares were issued and
Through its International Europe division, investment bank Lehman Brothers now owns 2.35 per cent of Italcementi, making it the second largest shareholder in the Italian cement and concrete company. T
ICICI Bank has finalised a deal with the GP Goenka group-promoted Andhra Cement (ACL) to pick up a 6% stake in the company for Rs 50 crore.
Belgian holding company Groupe Bruxelles Lambert (GBL) now holds over 10 per cent of Lafarge , according to a statement from Euronext Brussels on Monday.
China Resources (Holdings) took a step closer to privatising its locally listed cement subsidiary when an independent financial adviser hired by the company recommended shareholders accept the buyout
Saudi cement producer Yamama Cement Company (YCC) posted a net profit of 158.7m Saudi riyals ($42.3m) for the first quarter of 2006, down from 102.8m riyals ($27.4 mln/21.5 mln euro) for the same peri
Vice President Jusuf Kalla has expressed confidence that the country’s state-owned enterprises are financially capable of purchasing Mexican cement giant Cemex SA’s stake in state-owned ce
The net profit of UAE Dubai-based National Cement Company PSC declined to 55.7 mln UAE dirhams (US$15.2m) in the first quarter of 2006 from 66.2 mln dirhams (US$18m) a year ago, the company said in a
PT Indocement Tunggal Prakarsa said it hopes to increase its annual production capacity to 16Mt after the completion of its revamping program. The company is upgrading one of its factories to incre
FLSmidth & Co AS raised its sales and earnings guidance for the full-year 2006 after posting a first quarter pretax profit of DKr115m up from DKr50m the year before and above the consensus of DKr93m.
Lafarge Aggregate Betoane (Aggregate Concrete) bought several stone quarries in Brasov for some Euro 550,000 from Romaco. Lafarge has already used the quarries on lease contracts, Business Review repo
Gansu Qilianshan Cement Co., Ltd. has bought Shoulushan Cement Co., Ltd., the biggest cement producer in Baiyin City of the northwestern Chinese province of Gansu.
Czech cement maker Holcim raised sales by four per cent year-on-year to Kc2.2 billion in 2005, chairman Roland van Wijnen told CTK today