Corporate

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:

21 July 2006

Buzzi Unicem raises cash

Buzzi Unicem raises Euro 17.3m by selling one million treasury shares shares to parent company Fimedi SpA. The shares, which were sold yesterday, had a book value of Euro 8.7m.

20 July 2006

EBRD still in discussions with Garadagh

The EBRD suspended the acquisition of a stake in the equity of Garadagh Cement and the head of the EBRD local office in Azerbaijan Raymond Conway informed Azer-Press that the activity related to inves

20 July 2006

Peru’s Cementos Lima 2Q Net rises

Cementos Lima SA posted second-quarter net income of 27.9 million soles (US$8.6m) compared with PEN20.8 million in the same quarter in the previous year, the company said Wednesday. Total revenues ro

20 July 2006

Holcim launches A$260m August 2009 issue

Holcim Finance (Australia) Pty Ltd has launched a A$260m August 2009 issue. The notes are expected to price at between 35 and 38 basis points over the three year mid-swap/bank bill swap reference rat

19 July 2006

Government Orders Semen Gresik to Postpone EGM

The government has ordered PT Semen Gresik Tbk (SG) to postpone the extraordinary general meeting of shareholders (EGM) from the initial schedule of July 28 to wait for the conclusion of 24.9% shares

18 July 2006

Tanzania Portland shares likely to be oversubscribed

Shares of the Tanzania Portland Cement Company (TPCC), which were recently floated to the public, are likely to be oversubscribed, it was learnt in Dar es Salaam yesterday.

18 July 2006

India Cements posts record net profit

India Cements Ltd has posted a net profit of Rs 112.59 crore for the quarter ended June 30, 2006, which figure, it says, "far exceeds even the highest ever annual profit registered by the company at R

18 July 2006

Rinker Q1 profit up 14 per cent, Australia

Australian building materials maker Rinker Group Ltd. said its quarterly profit rose 14 percent after it raised prices, but its shares fell nearly 4 percent after it forecast lower earnings than analy

17 July 2006

Bacnotan H1 net profit PHP111m, Philippines

Bacnotan Consolidated Industries said in a statement to the stock exchange that it posted net profit of PHP111m for the six months to June.

17 July 2006

HeidelbergCement CEO Scheifele says co will continue eastward expansion

HeidelbergCement AG chief executive Bernd Scheifele told Handelsblatt his company intends to continue its aggressive expansion strategy in Eastern Europe and the former Soviet Union.