Corporate

09 January 2007

Taiwan’s Asia Cement Dec parent sales TWD871.52m vs TWD1.02bn

Asia Cement Corp said its parent sales in December fell to TWD871.52m from 1.02bn

09 January 2007

Saudi Eastern Cement Q4 net profit up 79 per cent

Saudi Arabia’s Eastern Province Cement Company said on Tuesday fourth quarter net profit rose 79 per cent from a year earlier to SAR111m ($29.60m).

08 January 2007

Buzzi Unicem not to raise Dyckerhoff offer

Italian cement maker Buzzi Unicem will not raise its offer for minority sharesholders in Dyckerhoff any further, Buzzi’s chief executive said in a German news reports.

08 January 2007

China’s Huaxin Cement suspended pending announcement

Huaxin Cement Co Ltd said its shares will be suspended from trading on the Shanghai bourse today ahead of an announcement

05 January 2007

Jordan Cement Factories Co Net Profit at $71.4m Jan-Sept 2006

Cement producer Jordan Cement Factories Co (JCFC) booked a net profit of JOD50.6m (US$71.4m) for the first nine months of 2006, an increase from JOD48.8m (US$68.9m ) posted a year ago.

05 January 2007

Ex-president of Taiheiyo Cement Corp dies at 78

Ken Moroi, former president of Taiheiyo Cement Corp. and a former vice chairman of a major business lobby, died from lymph tumor on Dec. 29, sources close to the businessman said.

05 January 2007

FLSmidth is negotiating to sell marine and turbo gear business in Switzerland

MAAG Gear AG, FLSmidth’s Swiss-based subsidiary, will in future focus on gears for the cement and minerals industries.

04 January 2007

Belgium’s GBL raises Lafarge stake slightly

Groupe Bruxelles Lambert , the Belgian holding company controlled by the families of Albert Frere and Paul Desmarais, said on Wednesday it had slightly increased its stake in Lafarge.

04 January 2007

Malabar Cements registers record profit in first eight months

The State public sector Malabar Cements Limited (MCL) at Walayar here has registered a record profit of

01 January 2007

Oyak’s Bolu puts more into cement

Bolu Cimento, part of the Turkish Oyak Group, plans to invest 6.1 mln lira (US$4.3m) in 2007, as production is forecast at 1.8Mt of

01 January 2007

Development Board supports Holcim expansion

The Waitaki Development Board in New Zealand has come out in support of a proposed cement plant at Weston, citing the economic benefits. Chief executive Mark Jurisich said the "silent majority" mi

01 January 2007

SCC cuts power costs

Siam Cement Plc (SCC), Thailand’s largest industrial conglomerate, plans to spend 1.96 billion baht on power generators to help reduce energy costs

01 January 2007

Kuznetsk Cement Plant to provide investment funding

Caspian Resources (Kazakhstan), which recently bought 100% of the shares of Kuznetsk Cement Plant (Kemerovo region) will invest

01 January 2007

Heidelberg Mediterranean requests tender call exemption

Heidelberg Cement Mediterranean Basin Holding has applied to the capital markets board for an exemption from launching a tender

01 January 2007

Birla offloads entire stake in Mysore Cement

Bangalore-based SK Birla group company Birla VXL offloaded its entire stake, representing 2.62 per cent in Mysore Cement in an open market transaction. Mysore Cement in a filing on the Bombay Stock Ex

01 January 2007

Buzzi reports progress with Dyckerhoff takeover

Buzzi Unicem reports that, by Wednesday, its improved takeover bid for the German building materials group Dyckerhoff had g