Corporate

23 November 2006

Lafarge Malayan Cement returns to profit

Lafarge Malayan has recorded a nine-month pre-tax profit of RM138.688m (US$38m) against a loss of RM26.237m a year ago as it benefits from firmer domestic and higher export prices

23 November 2006

HeidelbergCement’s Merckle raises stake

Adolf Merckle, a member of Heidelberg Cement AG’s supervisory board, has increased his stake in the company but it’s unclear if this will reduce the company’s free float

23 November 2006

Cementos Portland sees 2007 revs at EUR1.8bn

Spanish cement group Cementos Portland Valderrivas (CPV) expects to make turnover of more than EUR1.8bn in 2007, double the sales it achieved in 2005,

23 November 2006

Chia Hsin eager to cement place in Top-10

Hong Kong-listed Chia Hsin Cement Greater China seeks to boost its annual production capacity to about 10Mt in a couple of years and to 30Mt by 2016.

23 November 2006

Lafarge to guarantee Lafarge North America’s US$400m of outstanding debt securities

Lafarge announces that it is providing an unconditional guarantee on all outstanding bonds issued by its subsidiary Lafarge North America In

22 November 2006

Monarch Cement’s EBITDA Hits Nine Year High

Monarch Cement Company for its 12 months ended September 30, 2006 was $30,302,931, a 60% increase over the year earlier same 12 months when Monarch Cement generated

21 November 2006

Siberian Cement’ to repurchase ’Topkinsky Cement’

The Kemerovo-based holding ’Siberian Cement’ has repurchased 100% of the shares of ’Topkinsky Cement’ Ltd, as reported yesterday

20 November 2006

Profit drops 31% at Egypt’s National Cement in Q1

Egypt’s National Cement reported a 31 per cent drop in net profit to E£106m (US$18.5m) for its fiscal first quarter ended September, the stock exchange said on Sunday.

17 November 2006

Star Cement seals loan deal, UAE

Bahrain-based Star Cement, a part of the ETA/Star Group, has signed a $104m term loan facility agreement with a syndicate of banks led by the mandated lead arrangers Abu Dhabi Commercial Bank and the

17 November 2006

Alexandria Cement 9-mth net profit down 24 per cent

Egypt’s Alexandria Cement reported a 24 per cent drop in nine-month net profit to E£136m (US$23.8m), the stock exchange said on Thursday.

16 November 2006

Holcim acquires additional stake in GACL

Holcim has reportedly acquired a 3.7 stake per cent in Indian cement maker Gujarat Ambuja Cements Ltd. to add to its existing 15.6 per cent holding, a source close to the deal said on Thursday.

15 November 2006

Spain’s FCC beats 9-month target, to beat 2006 goal

Spanish construction group FCC posted a 41.8 per cent rise in nine-month profit on Tuesday thanks to a strong order book, acquisitions and faster overseas growth and said it expects to beat previous t

15 November 2006

Buzzi Unicem improves financial ratios

Buzzi Unicem’s turnover rose by 8.3% to EUR2,378.4m, with margins widening from 26.8% to 28.7% as the EBITDA improved by 15.7% to EUR681.9m

14 November 2006

Buzzi nine month net rises to EUR255m vs EUR184 on lower financial costs

Buzzi Unicem SpA said nine-month net profit rose to EUR255.0m from EUR184.2m a year earlier, thanks to a strong decrease of financial charges and the absence of restructuring costs at its German activ

14 November 2006

Egypt’s ASEC says 9-month net up 18%

Egypt’s ASEC Cement made net profit of E£291.8m (US$51m) in the first nine months of 2006, 18 per cent up on the same period of 2005,

14 November 2006

Orascom Construction Industries 3rd Quarter Results

OCI posts 84% growth in consolidated EBITDA and 66% rise in net income during the third quarter 2006