Corporate

23 October 2006

OCI discloses stake in Texas Industries – considering takeover

In a 13D filing on Texas Industries Inc. (TXI), Nassef Sawiris/NNS Holding and director and CEO of Orascom Construction Industries, disclosed a 2.3% stake (547,700 Shares)

23 October 2006

Cimsa and Oyak end partnership in Oysa Cimento, Turkey

Cement manufacturer Cimsa Cimento Sanayi and Oyak, a military pension fund, sent separate statements to the ISE and said that they decided to end their partnership in Oysa Oyak Cimento.

23 October 2006

OCL India Ltd Q2 net profit up 45 per cent, India

OCL of India today posted an increase of 45 per cent in its net profit at Rs 11.08 crore for the quarter ended

23 October 2006

Siam Cement expects 2.7% earnings rise, Thailand

Siam Cement Plc, the country’s largest industrial conglomerate, is expected to report a 2.7% rise in third-quarter earnings as weak cement demand undermines a strong petrochemical business.

23 October 2006

Siam Cement expects 2.7% earnings rise, Thailand

Siam Cement Plc, the country’s largest industrial conglomerate, is expected to report a 2.7% rise in third-quarter earnings as weak cement demand undermines a strong petrochemical business.

23 October 2006

Gujarat Ambuja net climbs 159%, India

Buoyed by higher cement prices, Gujarat Ambuja Cements’ net profit in the September quarter was up 159%

20 October 2006

Siam cement voted most admired company in Thailand

Siam Cement has been voted the most admired company in Thailand in the latest "Asia 200" survey by the Wall Street Journal Asia, The Nation reports.

20 October 2006

ACC sees marginal rise in net profit, India

Associated Cement Companies (ACC) posted a marginal rise in net profit at Rs 225.3 crore in the September ’06 quarter as compared with Rs 224.74 in the same quarter of the previous year

19 October 2006

Sinai Cement’s H1 profit more than doubles, Egypt

Egyptian cement company Sinai Cement more than doubled net profits in the first half of 2006 to E£147.3m (US$25.7m),

19 October 2006

FCCL registers flat results, Pakistan

Fauji Cement Company Limited (FCCL) has registered a flat trend with net profits standing at

18 October 2006

UltraTech net up on firm cement prices

AV Birla group company UltraTech Cement Ltd has posted a net profit of Rs 127 crore for the second quarter ended

18 October 2006

FCCL to announce Q1 after tax profit, Pakistan

Fauji Cement Company Ltd (FCCL) is expected to have earned after tax profit of Rs360.6m in the first quarter of the current financial year

17 October 2006

CRH signs letter of intent to buy China’s Jilin Cement, China

CRH PLC said it signed a letter of intent to acquire a 26 per cent stake in Yatai Cement, the cement business division of China’s Jilin Yatai Group, subject to Chinese government approval.

16 October 2006

Gresik forecasts up to 20% profit jump, Indonesia

PT Semen Gresik has predicted that its net profit this year would increase up to 20 per cent comparing with that of last year.

16 October 2006

Raysut Cement Q3 profit almost triples, Oman

Raysut Cement Co, Oman’s largest producer of cement, made a third-quarter net profit of OMR5.61m (US$14.57m), almost three times more than in the same quarter last year.

13 October 2006

Thailand’s Siam Cement (SCC): Strong 3Q06 earnings driven by petrochemicals

Siam Cement (SCC) will announce its 3Q06 earnings on Oct 25 and the normalised profit is expected to be very strong