Corporate

01 June 2006

Carib Cement loses J$190m in three months

Caribbean Cement Company reportedly lost J$190m (US$2.94m) between January and March this year - with the deficit during the quarter following a 2005 full financial year in which the cement producer p

31 May 2006

Pricing-fixing trial against German producers delayed

Heidelberg Cement said the start of a civil damages trial against it and five other German cement producers has been delayed until Dec 6. The civil hearing in the Duesseldorf regional court, origina

31 May 2006

Monarch hits nine year high

EBITDA for The Monarch Cement Company for its twelve months ended March 31, 2006 was $26,088,413, a 108 per cent increase over the year earlier same twelve months when Monarch Cement generated $12,517

31 May 2006

Siam City Cement sees no sales growth

Siam City Cement PCL , Thailand’s second-biggest cement maker, said on Tuesday it expected no growth in sales this year due to weak domestic economic expansion. Previously, the company had expe

31 May 2006

Cimpor profits climb

Portuguese cement company Cimpor posted a Euro 78.8m consolidated net profit for the first quarter of 2006. Turnover rose to Euro 406m up 20.4 per cent. The company registered growth in all the countr

30 May 2006

JK Lakshmi Cement net profit up

JK Lakshmi Cement today reported a 113 per cent growth in its net profit at Rs 55 crore for the fiscal 2005-06, as against Rs 26 crore in the year-ago period. The company’s sales during the peri

30 May 2006

Madras Cements plans expansion

Madras Cements Ltd said on Monday its board approved setting up a new 2Mta cement plant at a cost of 6.13 billion rupees. The new plant is to be located in Tamil Nadu. The company also plans to set

30 May 2006

Energy costs impact on Siam Cement

High fuel costs and a slow down in the economy will affect Siam Cement’s performance this year, a report in Krungthep Turakij said. Although demand for cement rose three per cent in the first qu

30 May 2006

Cimpor buys into Firmes y Hormigones

Cimpor SGPS said Monday it has acquired 40 per cewnt of Spain’s Firmes y Hormigones SANI for Euro 4.19m. Cimpor also said it had arranged an option to buy, under the same terms, an additional 50

30 May 2006

Titan Cement considers bid for Uniland

Titan Cement said it is considering submitting a bid for the acquisition of a 73.7 per cent stake in Spanish cement-maker Uniland worth about Euo 1.5bn. "The estimated price is considered valid," Tita

26 May 2006

TPI founder Prachai dismissed from board, Thailand

Prachai Leophairatana remains undecided over whether to continue his fight to regain control of Thai Petrochemical Industry or to enter politics.

26 May 2006

Prosperity Minerals raises UK 115m

Prosperity Minerals has joined Aim via a placing that raised UK£115m. The Hong Kong-based company was advised by Evolution Securities in its placing of 77.7m shares at 148p with institutional investor

26 May 2006

Readymix appoints finance director

Irish cement products manufacturer Readymix has appointed Sergio Martinez finance director. He will join the board on June 1 2006.

25 May 2006

Lafarge aims for over five per cent underlying sales rise

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.

24 May 2006

Frere raises ’friendly’ stake in Lafarge

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

24 May 2006

Egyptian Ameriya Cement net profit up

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