Corporate

10 August 2006

Spain Bipadosa raises stake in Cimpor, Portugal

Spanish company Bipadosa has raised its stake in Portuguese cement company Cimpor - Cimentos de Poertugal SGPS to 2.326 pct of the share capital, and 2.336 pct of the voting rights, Cimpor informed in

09 August 2006

Dalmia Cement update

During the most recent quarter, dalmia Cement has witnessed a 369.03 per cent rise in profits from Rs107.20m to Rs502.80m. Sales for the quarter rose 55.37 per cent to Rs2077m compared with the corres

09 August 2006

Valderrivas confirms Uniland stake

Cementos Portland Valderrivas has now acquired 50.5 per cent of fellow cement group Corporacion Uniland on Friday for Euro 1.092bn. CementosPortland Valderrivas, a subsidiary of construction and servi

09 August 2006

Egyptian National Cement profits down

Egyptian National Cement Company (NCC) registered a decrease in net profit to 256.2m Egyptian pounds (US$44.6m) for the first nine months of the fiscal 2005/2006, ended June 30, 2006, against 308.6m p

09 August 2006

Higher returns improve cement sector fortunes

With cement prices climbing higher, the balance sheet of leading Indian cement companies are looking healthier than ever before, reports The business Standard. The cement industry is hoping that the t

08 August 2006

Gulf Cement debut on August 21

The Doha Securities Market has completed preparations for the listing of Gulf Cement Company. The bourse said shareholders can place their trade orders before the debut date of August 21. "All informa

08 August 2006

Hallack named principal executive Camargo Correa

Vitor Sarquis Hallack has been selected by the shareholders of Camargo Correa group as head of the management of the operating holding Camargo Correa, replacing Raphael Nogueira, which is leaving this

08 August 2006

Eurocement Group raises 7M-2006 shipments

Eurocement Group raised cement shipments to customers by 13 per cent year-on-year in 7M2006. The company is operating at over 90 per cent capacity utilisation (77% in 2005). This became possible beca

07 August 2006

Sibirskiy Cement raises cement production in 1H2006

Sibirskiy Cement Holding (Kemerovo) raised production of cement by 25 per cent in the first half of 2006 against the same period 2005 - to 1,757,000t. Topkinskiy Cement raised output by 32.7 per cent,

07 August 2006

Sanko receives credit line from IFC

Abdulkadir Konukoglu, board chairman of the Turkish Sanko Holding, announced that the company secured US$75m loan from the IFC and US$100m syndicated loan from a consortium of seven foreign banks for

07 August 2006

Cement gets a reality check from private equity investors

One of the biggest beneficiaries of the present real estate boom in India seems to be the cement sector. This has led to a huge interest from private equity players in the sector.

04 August 2006

EAPC boss resigns

The managing director of the East African Portland Cement Company has resigned. Mr Zakayo ole Mapelu stepped down three weeks after he was sent on forced leave. He handed in his resignation letter on

03 August 2006

Hanson’s British volumes decline

Hanson increased first half turnover by 14.4% to £1,998.2m, with the EBITDA advancing by 16.4% to £322.5m and the trading profit by 15.8% to £228.4m, with

03 August 2006

Semen Kupang on the brink of bankruptcy, Indonesia

State-owned cement maker PT Semen Kupang in Kupang is on the brink of bankruptcy, a company official said. The company needs Rp50bn (US$5.5m) i

03 August 2006

Athi River Mining profits rise to Sh$175m

Athi River Mining’s half-year profits went up by 41 per cent in the six months ending June this year. The company made Sh175.5m, up from Sh124.7m in the same period in 2005. Turnover grew by 25

03 August 2006

New CEO for Heracles Cement, Greece

Management of Athens-quoted Heracles General Cement Co said on Wednesday that a new managing director was in place.