Corporate
Italcementi net profit at EUR 213.3m
Italcementi ended the first half of 2005 with a net profit of EUR213.3m down 2.2% compared to the same period of 2004.
EU OKs HeidelbergCement To Buy 50% Of Belgian Mermans
The European Commission cleared Germany’s Heidelberg Cement) to take a 50% share of Dutch cement company De Hoop Terneuzen BV’s Belgian subsidiary, Mermans Beton.
Italcementi H1 EBITDA flat as Egypt inclusion offsets weak Italy
Italcementi SpA’s first half EBITDA due on Friday is expected to be broadly flat, with the first-time inclusion of its Egypt acquisition Suez Cement, offsetting weak Italy activities, analysts s
Serbian Novi Popovac Renamed Holcim Srbija
Serbian cement producer Novi Popovac changed its name to Holcim Srbija following a change in its ownership structure.
Cementir’s balance sheet remains strong
In spite of having acquired Aalborg Portland Cement and Unicon last October, Cementir retains one of the strongest balance sheets in the sector and could easily afford further acquisitions. Net debt
Cemex offering to generate US$260m
Cemex has already significantly increased the efficiency of the UK’s RMC after buying it last year, is offering 31m shares after its stock price rose by two-thirds since the acquisition was anno
Buzzi Unicem increases first half pre-tax by 48 per cent
Buzzi Unicem’s first half turnover rose by 5.2 per cent to EUR1,382.2m and the EBITDA advanced by 8.2 per cent to EUR328.1m. Helped by a 25.5 per cent drop in net finance costs to EUR69m and an increa
Aditya Birla name game
The Aditya Birla Group has taken a cue from the Tatas and Reliance. All group companies are likely to have the name of its founder-chairman, and the creation of Aditya Birla Nuvo is just the beginning
Tunisia sells stake in cement co Sotacib to Spanish group
Tunisia has sold its entire, 50 per cent stake in the Tunisian-Algerian cement company Sotacib to an unnamed Spanish sector group
Cementir net profit at EUR27.9m H105
Italian cement company Cementir SpA, a unit of local construction company Caltagirone, posted a net profit of EUR27.9m (US$34.4m) for the first half of 2005, up by 85% YoY.
Cemex guidance
Cemex said on Monday it saw third-quarter EBITDA close to US$1bn, up 50 per cent from a year earlier on higher sales.
Cement giant holds talks on CNY700m long-term loan
Anhui Conch Cement, China’s largest cement producer, is in talks to secure a long-term loan of CNY600-700m (HK$576-HK$672m), the company said.
Lafarge hit by lower cement prices in Brazil, Malaysia and Korea
On the previously announced 6.3% increase in turnover 5.7% to €7,220m for the first half, Lafarge’s EBITDA for the period fell by 3.7% to €1,291m. The trading profit declined by 7.3%, or by 9.3
Boral attractive, but near-term bid talk seen overdone
A run of takeovers among global building products groups could deter any near-term bid for Australia’s Boral Ltd, despite a sharp price spike on takeover speculation, fund managers and analysts
Lafarge 1H net profit down
Lafarge said its first-half net profit fell by 18% to EUR359m on difficult market conditions in Brazil, Malaysia, Germany and South Korea.
Cemex reverts losses betting on rates
Rodrigo Treviño, Finance manager at Cemex S.A., had losses of US$467m two years ago, because of betting on an interest rate rise in the United Sates. Currently, the company is reverting that loss wit