Corporate

17 August 2006

Truce in Lebanon boost UAE shares

Shares in UAE cement companies reacted strongly to the Lebanese ceasefire this week as prospects increase of infrastructure and property reconstruction in the war-torn country

17 August 2006

SCC unit shifts its focus

SCT Co, the international trading arm of Siam Cement Group, is focusing on its new recycling and alternative energy businesses in order to raise margins,

16 August 2006

Sinai Cement net profit climbs

Egyptian Sinai Cement Company’s (SCC) net profit jumped to E£147.3m (US$25.6m) in the first half of 2006 from E£65.5m (US$11.4m) in the year-ago period,

16 August 2006

Cementos Argos to offer Bonds worth US$105m

Cementos Argos, Colombia’s biggest cement maker, on Wednesday will sell as much as 250 billion Colombian pesos (US$105m) worth of bonds maturing in six months and one year

15 August 2006

Boral sees civil engineering supporting Australian construction volumes

In its financial year to the end of June, Boral increased turnover by 10.7% to Aus$4,767m (€2,864m) with the EBITDA moving up by a more modest 3.7% to Aus$823m (€494m), while the pre-tax profit declin

15 August 2006

Balala says leave Lafarge alone, Kenya

Mvita MP Najib Balala has defended Lafarge Cement Company against claims of monopolistic practices in Kenya.

15 August 2006

Moody’s increases Cemex outlook to positive

Moody’s has changed the outlook on Mexican cement company Cemex’s senior unsecured debt - around US$62m rated at Baa3 - from "stable" to "positive,"

15 August 2006

KHD reports higher earnings

KHD Humboldt Wedag International Ltd announces results for the quarter and six months ended June 30, 2006.

14 August 2006

Trinidad Cement financial reviewed

Amidst an environment of increasing prices and cement demand, Trinidad Cement Limited (TCL), the Caribbean’s premier cement provider, delivered a weak half year performance (report local financi

14 August 2006

Portland ownership structure set for review

East African Portland Cement Company (EAPCC) major shareholders have agreed to review the firm’s ownership structure. Trade and Industry Permanent Secretary, Mr David Nalo, said the review was necessa

14 August 2006

UAE cement stocks rise

A rally in cement stocks dominated the latest session in Abu Dhabi. Cement Company led turnover in Abu Dhabi, jumping 6.75 per cent to 4.43 dirhams. The stock hit a one-month high of 4.53 dirhams duri

14 August 2006

Egypt stocks rise, led by cement sector gains

Egyptian shares rose in thin volume on Sunday, with cement companies gaining on what traders said were hopes of an imminent truce in Lebanon followed by large scale rebuilding. "Maybe the cement compa

11 August 2006

Siam Cement profit to rebound on prices

Siam Cement Plc, 30 percent-owned by the Thai royal family, said profit in the third quarter may rise for the first time in five periods as record petrochemical product margins counter a decline in bu

11 August 2006

JK Lakshmi Cement can give shareholders good returns

Jigar Shah of KR Choksey Securities is of the view that JK Lakshmi Cement can give 40-50% appreciation in a year. Shah told CNBC-TV18, “If one looks at Q1 numbers, cement has been the most impressive

11 August 2006

Yanbu Cement to pay higher dividends

Saudi cement producer, Yanbu Cement Company (YCC), will pay a cash dividend of 52.5 mln Saudi riyals (US$14m) for the first half of 2006, the company said on August 10, 2006. The dividend equals 0.5 r

11 August 2006

Madras Cements on expansion mode

Madras Cement, India, expects a healthy balance sheet for the year given the surging demand for cement and the increase in prices, according to its Executive Director - Finance, Mr A.V. Dharmakrishnan