Corporate

15 June 2006

China Resources Cement shares suspended

Trading in shares of China Resources Cement Holdings Ltd. was suspended on Thursday, the Hong Kong exchange said. No further details were immediately available. Shares of China Resc Cement ended at H

14 June 2006

Dalmia Cement net rises

Dalmia Cement (Bharat) India has reported a phenomenal jump in net profits for the quarter ending in March, 2006. During the quarter, the company saw a 342.03 per cent rise in profits from Rs 121.1 mi

14 June 2006

S K Birla group may exit cement business

After hiving off Saurashtra Chemicals Ltd last year, the S K Birla group might sell its stakeholding in loss-making Mysore Cements Ltd.

14 June 2006

Cimsa not to participate in capital increase

Cimsa Cimento Sanayi, Turkey, said that it decided not to participate in the capital increase of its subsidiary Enerjisa Enerji Uretim. Recently other Sabanci Holding group companies, namely Akcansa,

14 June 2006

India Cements FY06 net soars

Buoyed by higher demand and better prices, India Cements Ltd (ICL) has reported a sharp growth in net profit at Rs 45.31 crore for the fiscal ended March 31, 2006 compared to Rs 4.58 crore in the prev

13 June 2006

Tongyang Major sells stake in subsidiary

Tongyang Major Corp., a flagship company of the long-established cement manufacturer Tongyang Group, said Monday it has sold a stake in its subsidiary to a US-based investment fund for 225bn won (US$2

12 June 2006

Tongyang Major sells stake in subsidiary

Tongyang Major Corp., a flagship company of the long-established cement manufacturer Tongyang Group, said Monday it has sold a stake in its subsidiary to a US-based investment fund for 225 billion won

12 June 2006

Tangshan Jidong Cement sees H1 net profit up

Tangshan Jidong Cement Co Ltd said that it expects net profit for the first half to rise over 50 per cent year-on-year, on higher sales and cost cutting. The company’s net profit in the first ha

12 June 2006

EBRD considering Garadagh stake

Terms of consideration of the issue of shareholding of the Bank in OJSC Garadagh Cement have been extended according to EBRD spokesman Raymond Conway in Baku. "The Board of Directors will consider thi

12 June 2006

Lafarge Romania reports higher profits

Lafarge Cement Romania, the local subsidiary of the French group Lafarge, reported a profit of approximately Euro 55m last year. The 2005 turnover recorded by Lafarge Cement stood at some Euro 175m,

12 June 2006

ACC shareholders approve merger of Tarmac India

Associated Cement Companies Ltd (ACC) today said it has approved the merger of Tarmac India Ltd with itself. The equity shareholders of the company at their court convened meeting held yesterday appr

09 June 2006

China’s Tangshan Jidong Cement sees H1 net profit up

Tangshan Jidong Cement Co Ltd said that it expects net profit for the first half to rise over 50 pe cent YoY, on higher sales and cost cutting. The company’s net profit in the first half of 20

09 June 2006

Citigroup Global acquires shares of Mangalam Cement

Citibank, N.A. has informed the Exchange that Citigroup Global Mkts (Mauritius) Private Ltd. has acquired 55,106 shares aggregating to 0.20 per cent of the total paid up capital of Mangalam Cement Lim

08 June 2006

Taiwan’s Asia Cement mulls listing China ops in Hong Kong

Asia Cement Corp is considering to list its China operations in Hong Kong next year, the Economic Daily News quoted company chairman Douglas Hsu as saying. The company expects to more than triple its

07 June 2006

OCI posts 54% growth in first quarter consolidated earnings, Egypt

Orascom Construction Industries announced consolidated revenue of EGP 3,286.2m with EBITDA of EGP 945m and net income of EGP 525m for the first quarter ended 31 March 2006.

07 June 2006

Binani to restructure demerged cement, India

Faced with BSE’s refusal to list shares of Binani Zinc, the Kolkata-based Binani group has decided to offer shares of Binani Cement Ltd (BCL) and Binani Zinc Ltd (BZL) to the shareholders of Bin