Corporate

17 July 2006

HeidelbergCement CEO Scheifele says co will continue eastward expansion

HeidelbergCement AG chief executive Bernd Scheifele told Handelsblatt his company intends to continue its aggressive expansion strategy in Eastern Europe and the former Soviet Union.

14 July 2006

Anhui Conch to buy cement assets from parent

Anhui Conch Cement Co, China’s largest cement producer by output, plans to buy cement-related assets from its parent, the Wall Street Journal reported, citing people familiar with the situation.

13 July 2006

Lafarge to issue Euro bonds, France

Lafarge SA will launch a US$1.5bn (EUR1.18bn) bond issue in the USA, it was reported on July 12, 2006.

13 July 2006

Texas Industries boosted by land sales, US

Turnover in the year to the 31st of May rose by 13.1 per cent to US$943.9m and the trading profit jumped by 38.1 per cent to US$88.3m, thanks to a US$12.4m gain on property disposals, without which th

11 July 2006

Expectations of impressive SCC’s 2Q06 earnings, Thailand

Siam Cement (SCC) is expected to announce net profit of around Bt8,381mn (EPS of Bt6.98) down 12% qoq and 4% yoy. SCC will announce their 2Q06 earnings results on July 26.

10 July 2006

Cementir increases stake in Cimentas

Cementir Cementerie Del Tirreno S.p.A announced that its stake in Cimentas Izmir Cimento, a cement company, increased to 29.06 per cent from 19 per cent, following Cimentas Cimento’s capital increase.

10 July 2006

Arabian Cement H1 profits up

The Arabian Cement Company made a net profit of US$51.2m in H1, an increase of 15.9 per cent on the same period last year, reported Arab News

10 July 2006

Holcim heads for the outback, Australia

Holcim is scheduled to hold a roadshow in the week from on 10 July 2006 visiting Sydney, Melbourne and Brisbane to promote a new bond transaction.

10 July 2006

Siam Cement to invest more over the next five years, Thailand

The president of Siam Cement said that Siam Cement would invest 60 billion baht in petrochemicals and 60 billion baht in cement, paper and other projects over the next five years.

10 July 2006

Spotlight on India Cements

When Mr N Srinivasan took over as vice chairman and managing director of India Cements Ltd. in 1989, the company had an annual production capacity of 1.6Mt and sales of 1.30 billion rupees (US$28.3m).

10 July 2006

India’s Petron wins Yemen contract

India’s Petron Engineering Construction Ltd. said on Monday it had signed a contract worth US$13.4m with Yemen’s National Cement Company for its participation in building a cement plant in

07 July 2006

Shree Cement more growth in July-August, India

MK Singhi, executive director of Shree Cements, says that the monsoon has not particularly affected sales the June quarter.

07 July 2006

Sibtsem acquires Kamenskiy plant, Russia

A stake in the Russian Kamenskiy cement plant’s (KCZ, Kabanskiy district, Republic of Buryatia) property has been sold to Timluyiskiy

07 July 2006

SCCC expected second quarter earnings to fall, Thailand

Siam City Cement (SCCC) is expected to announce a lower 2Q06 earnings, both quarter-on-quarter and year-on-year, but still acceptable after rather impressive 1Q06 earnings. This report will be affecte

06 July 2006

Gresik forecasts rise in net profit, Indonesia

Despite a decline in cement demand in Indonesia, state-owned cement maker PT Semen Gresik is optimistic it will post a net profit of Rp1.12 trillion (US$123.5m) this year, up from Rp1.02 trillion last

06 July 2006

Qassim Cement H1 profit up, Saudi Arabia

Saudi Arabia’s Qassim Cement Co said its first-half net profit grew 22.9 per cent to SAR161m ($43m) compared to the same period in 2005. In a statement posted on the bourse, the company said ear