Corporate

14 June 2007

Lafarge plans 10-year EUR500m

Lafarge plans to sell a 10-year EUR500m bond, one of the banks managing the sale said on Wednesday.

13 June 2007

Net profit growth rate declines 85%, India

The net profit growth rate of Indian cement firms declined to 85 per cent in the fourth quarter ended March 2007 compared with 150 per cent in the first three quarters

12 June 2007

Lafarge bought 71,000 own shares last week for EUR8.82m

Lafarge SA said that it bought 71,000 of its own shares last week for a total outlay of EUR8.8m

12 June 2007

Thai Siam City to write off 12.5M treasury shares

Siam City Cement PCL, Thailand’s second-largest cement producer by capacity, said Tuesday it is in the process of writing off 12.5m treasury shares

12 June 2007

Holcim redeems two convertible bonds ahead of schedule

Holcim said it plans to redeem ahead of schedule two convertible bonds with a face value of SwFr131m and US$22m, respectively.

11 June 2007

Shiva Cement defers decision on allotment of shares to ACC, India

Shiva Cement board today could not approve the proposal to allot 14.5 million equity shares to ACC and 25.7 million share warrants on preferential basis as the "in-principle" clearance from SEBI has n

07 June 2007

Raysut Cement 1Q07 net profit soars, Oman

Oman’s Raysut Cement Co booked a 43.8 per cent YoY rise in net profit to OMR7.32m (US$19m) for the first quarter of 2007, driven by improvements in production and marketing.

04 June 2007

Lafarge Cement to pay out Kc252.6m in dividends this year

Czech cement maker Lafarge Cement will pay its shareholders Kc252.6m in dividends, or Kc221 per a share, based on a decision made at today’s annual general meeting.

04 June 2007

Readymix says has held talks on selling part of concrete products operations

Irish cement maker Readymix PLC said it has been in talks with a potential buyer regarding selling a part of its concrete products division.

04 June 2007

Eurocement Group Ukraine ends 2006 with profits of UAH 98m

The Kyiv-based Eurocement Group Ukraine company, which is a subsidiary of the Russian largest holding for cement production Moscow-base

04 June 2007

Mexico’s Cemex wins acceptances for 41.57 per cent of Australia’s Rinker

Cemex SA said it now has won acceptances for 41.57 per cent of Rinker Group Ltd’s issued capital, including shares held under an institutional acceptances facility.

01 June 2007

Vicat to increase floating capital

Vicat, France’s third largest cement maker, is to increase its floating capital from 5.1 to 28.1 per cent

01 June 2007

Cemex increases stake in Australia’s Rinker to 39.42%

Cemex SA said it has increased its stake in Rinker Group Ltd to 39.42 per cent from 37.39 per cent via

31 May 2007

Siam Cement Group reports 1Q07 operating results

The Siam Cement Group, Thailand announced operating performance for the first quarter of fiscal 2007 decreased from the previous year, noting that the chemicals business was still doing well.

31 May 2007

Orascom Construction posts 54 per cent Q1 profit growth, Egypt

Orascom Construction Industries reported a 53.5 per cent rise in its first-quarter net profit to US$140.3m on Thursday, helped by growth in demand for cement and construction services.

31 May 2007

Birla Corp FY07 net up 160%, India

Birla Corporation, the M P Birla group flagship, has registered a net profit of Rs 326.23 crore for the year ended March 31, 2007, an increase of 159.40 per cent.