Corporate

30 June 2006

FCC ups 2006 forecasts, sees European buys

Spanish construction and services group FCC wants to accelerate its growth through acquisitions and is looking at various opportunities in Europe where it could replicate its business model.

30 June 2006

Cementos Molins net profit increase, Spain

Spain’s Cementos Molins plans to increase to EUR100m its net profit in 2006, compared to EUR84.1m registered in 2005.

29 June 2006

Cement cartelisation probe to be widened

All cement makers in India are set to answer some uncomfortable questions in the next few days. The Monopolies & Restrictive Trade Practices (MRTP) Commission has asked its investigation arm to broade

29 June 2006

Siam City Cement in share buy-back

Siam City Cement, Thailand’s second largest cement maker by capacity, said Thursday it will buy back up to 7.5 million shares, or three per cent of its total issued shares, for as much as THB1.8

29 June 2006

Buyout will help CNBM boost output

Hong Kong-listed China National Building Material announced Wednesday it will pay 961.1 million yuan (US$120m) to fully acquire Xuzhou Conch Cement, in a move designed to boost its production capacity

29 June 2006

Lucky Cement clinches three gold medals

Lucky Cement clinched three gold medals in Sarhad Chamber of Commerce & Industry (SCCI) ’Businessman of the Year’ Gold Medal Awards for 2004-05 in categories of ’top investor’

29 June 2006

US Concrete to buy Alberta Investments affiliate

US Concrete Inc on Wednesday said it agreed to acquire all outstanding capital stock of Alberta Investments Inc. and its affiliate Alliance Haulers Inc. for US$165m.

29 June 2006

Merger at FLSmidth

The respective Boards of Directors of FLSmidth & Co. and Potagua FLS decided to carry out a taxable merger of the two companies with FLSmidth & Co. being the continuing company and Potagua FLS the dis

28 June 2006

Eagle Materials Inc. Raises Q1, FY 2007 EPS Guidance

Eagle Materials Inc. announced that it has increased its first quarter and fiscal year 2007 earnings per share (EPS) guidance. For the first quarter of 2007, it expects EPS of $1.10 to $1.20, compared

27 June 2006

ACC sells shares to Ambuja Cement

The Associated Cement Companies(ACC) has sold 38,75,627 shares aggregating to 2.07 per cent of the total share capital of the company between May 31, 2006 and June 14, 2006, to Ambuja Cement India. Th

27 June 2006

UltraTech Cement net zooms

UltraTech Cement has disclosed a phenomenal jump in net profits for the quarter ending in March 2006. During the quarter, the company witnessed a 1549.80 per cent rise in profits from Rs49.40m to Rs.

27 June 2006

HeidelbergCement to buy out Teutonia

German cement company Teutonia Zementwerk AG said Monday its majority shareholder HeidelbergCement AG will make a cash offer to holders of preference shares ahead of a delisting from the Hanover stock

27 June 2006

GCC looking for cash

On the back of a rather aggressive foray into the United States with four acquisitions in the past six months, Mexican company Grupo Cementos de Chihuahua (GCC) entered the private market last week vi

26 June 2006

CRH boss’s EUR6.5m pay package

CRH handed its chief executive Liam O’Mahony a staggering €6.5m shares and stock options package last week, shattering Irish pay records in the process. O’Mahony, who is try

26 June 2006

Lafarge could sell some German activities

Lafarge is expected to sell its business with roof-tiles, which would mean the withdrawal of the group from large parts of its German operations. The company says that it is still at an early stage in

26 June 2006

Cementos Molins may seek more acquisitions

Smarting from its failure earlier this month to acquire fellow Spanish cement producer Uniland, Spanish cement group Cementos Molins is looking to other opportunities for growth via acquisitions. Ceme