Corporate

06 June 2006

Saudi Qassim Cement Co Appoints Al-Amr Director General

Saudi cement producer Qassim Cement Company (QCC) has appointed Amr bin Abdullah Ibrahim al-Amr director general, effective June 3, 2006, the company said

05 June 2006

Yanbu Cement to raise output, Saudi Arabia

Saudi Yanbu Cement plans to raise its annual output by 75 per cent to 7Mta by next year, official and company sources said. he trade and industry ministry has authorised the firm to build a fifth prod

05 June 2006

Holcim Romania opens 15th batching plant

Holcim Romania has recently launched its 15th concrete station in the country in the southern city of Campulung, the company said on June 2, 2006.

05 June 2006

Goldman Sachs builds up stake in Italcementi, Italy

Italy’s stock market regulator, Consob, has revealed that US group Goldman Sachs Asset Management has increased its stake in Italian cement and concrete producer Italcementi.

05 June 2006

Conch and Prosperity Cement buy into Anhui Chaodong, China

Anhui Chaodong Cement Group, has signed an agreement to sell a 40 per cent stake in the listed company to Wealcity (Prosperity minerals) and a 19.69 per cent stake to Anhui Conch Cement Co Ltd. Accord

05 June 2006

Siam Cement wants growth as energy costs bite, Thailand

High energy costs are hurting Siam Cement, its chief financial officer said on Monday. High oil prices, coupled with a 10 per cent increase in electricity costs, were likely to depress Siam Cement&rs

02 June 2006

Vassiliko Cement profits rise

Vassiliko Cement Works posted a strong set of 1Q06 results with Net Profit reaching CYP 1.89m (+4.0% YoY), slightly above our estimate of CYP 1.99m. The main drivers of profitability were the satisfac

02 June 2006

Binani Industries to sell cement stake

India’s second largest zinc producer Binani Industries Ltd. plans to divest a 10 percent stake in subsidiary Binani Cement Ltd to fund the latter’s ongoing expansion project, the company s

02 June 2006

Tarmac America Acquires Miami Valley Concrete

Tarmac America reported today the acquisition of another independent ready mix concrete producer located on the west coast of Florida. Miami Valley Concrete represents Tarmac’s third acquisition

01 June 2006

French Vicat to raise capital via bonus issue

Vicat plans to increase its capital by Euro 124.7m to Euro 187.1m through a bonus issue financed from its reserve funds, it was reported on May 31, 2006. The decision is subject to approval by the gen

01 June 2006

Texas Industries sells Houston-area plant

Cement producer Texas Industries Inc. said on Wednesday it sold the site of its Houston-area expanded shale and clay plant. TXI said it will continue to serve the Houston area from the current plant f

01 June 2006

SCC spends more on mortar

iam Cement Plc (SCC) will invest more than one billion baht to raise its production capacity for printing, writing paper and mortar cement, according to SCC president Kan Trakulhoon. The SCC’s

01 June 2006

Positive outlook on Yanbu Cement

The sales revenue of Yanbu Cement Co (YCC) for the year 2005 increased only by 0.6 per cent to SR778.9mn from SR774.6mn reported in 2004. The was mainly due to the decline in the production of clinker

01 June 2006

Carib Cement loses J$190m in three months

Caribbean Cement Company reportedly lost J$190m (US$2.94m) between January and March this year - with the deficit during the quarter following a 2005 full financial year in which the cement producer p

31 May 2006

Pricing-fixing trial against German producers delayed

Heidelberg Cement said the start of a civil damages trial against it and five other German cement producers has been delayed until Dec 6. The civil hearing in the Duesseldorf regional court, origina

31 May 2006

Monarch hits nine year high

EBITDA for The Monarch Cement Company for its twelve months ended March 31, 2006 was $26,088,413, a 108 per cent increase over the year earlier same twelve months when Monarch Cement generated $12,517