Corporate

29 March 2007

Hanson Pipe & Precast to Expand Chesapeake Site

Hanson Pipe & Precast, a division of Hanson PLC, one of the world’s leading heavy building materials companies, today announced its plans to build a new facility

29 March 2007

Mitsubishi Materials sees higher growth

Mitsubishi Materials Corp has set a group net profit target of Y53 billion in the fiscal year ending March 2010 under its three-year business plan.

29 March 2007

Alas Intl to invest in Bosnian Cement Plant

Alas International, a subsidiary of Austrian building materials producer Asamer Holding, plans to invest 40 million euro ($53.3 million) in the upgrade of its Bosnian cement plant Lukavac

29 March 2007

Morocco’s Ciments du Maroc’s sales up

Ciments du Maroc, one of Morocco’s leading cement companies with 27.3 per cent market share, increased sales by 9.1 per cent last year

29 March 2007

ACC plans major investment

ACC will pump in around US$100m in three years to push its annual cement production capacity to 27.5Mt. This will be an increase of over 38 per cent over

28 March 2007

TCL 2006 profits slip 1.3% to US$24m

Trinidad & Tobago’s Trinidad Cement Limited (TCL) has reported its 2006 net profits fell 1.3% to TT$152m (US$24.3m).

28 March 2007

Tanzania Portland’s profits go up by 25 per cent

Tanzania Portland Cement Company’s revenue went up by 16 per cent last year, while the net profit increased by 25 per cent.

28 March 2007

Orascom Construction 2006 net rises 59 per cent

Egypt’s Orascom Construction Industries said on Wednesday its net income rose 59 per cent in 2006 to $464.5m.

27 March 2007

Pretoria Portland cement proposes share split

Pretoria Portland Cement Co said it will propose to its shareholders that each of its shares of 1.00 rand be subdivided into 10 shares with a par value of ZAR0.10 each.

26 March 2007

Monarch Cement Co - Nine Year high in EBITDA for Monarch Cement

The Monarch Cement Company (OTC:MCEM) for its twelve months ended December 31, 2006 was $30,989,138, a 25% increase over the year earlier same 12 months when Monarch Cement

23 March 2007

HeidelbergCement to pay out 1.25 euros per share

HeidelbergCement, the German cement product manufacturer, is to increase its dividend for 2006 from 1.15 euros to 1.25 euros. On average, analysts had expected a dividend of 1.39 euros per share.

22 March 2007

Turkish Adana Cimento plans US$61m dividend for 2006

Turkish cement company Adana Cimento said it would propose its shareholders to vote on the payment of a dividend of TRL85.4m (US$61m) for 2006.

22 March 2007

Taiheiyo Cement: to book Y2.2b special loss from land sale

Taiheiyo Cement Corp said Thursday it will book a special loss of Y2.2bn from the sale of land in eastern Tokyo for this fiscal year ending March 31.

21 March 2007

China Jiangxi Wannianqing Cement to issue up to 70m A-shares to parent

Wannianqing Cement Co Ltd said it plans to issue up to 70m additional A-shares to its parent, Jiangxi Cement Co Ltd, and other institutional investors via private placement.

20 March 2007

Turkish News in Brief-Mardin Cimento, Bolu Cimento, Aksa

Turkish cement company Mardin Cimento said on March 20, 2007 that its net profit increased by 36.7 per cent YoY to TRL89.067m (US$63.85m) in 2006.

20 March 2007

TPIPL to refinance B10bn in debt

TPI Polene, the country’s third largest cement producer, plans to refinance debt of 10.12 billion baht before exiting its rehabilitation plan later this year, according to senior vice-president