Corporate

10 May 2006

Camargo Corrêa issues US$250m in international bonds, Brazil

Brazilian civil engineering firm Camargo Corrêa has issued US$250m in senior unsecured bonds on international markets, local daily Valor Econômico reported

10 May 2006

Shree Cement improves

Shree Cement, like other players in the Indian cement sector, has reported improved performance in the March 2006 quarter. Operating profit grew 100 per cent YoY to Rs 81.59 crore in the last quarter,

10 May 2006

Valderrivas interested in Uniland

Fomento de Construcciones y Contratas SA’s cement unit Portland Valderrivas is eying ’with interest’ the acquisition of rival Cor

10 May 2006

Andalas looks for Padang stake

PT Andalas Tuah Sakato (ATS) (no relation to Lafarge Andalas) hopes the government would let the company to acquire 25.53 per cent shares of Semen Padang that was allocated for Cemex SA. The Commissi

09 May 2006

Sabanci plans to invest more

Sabanci Group plans to spend up to US$3bn in the next five years building new power stations and electricity distribution systems to help feed the country’s expanding economy. The company is al

09 May 2006

Ciments Francais Q1 2006 net profit up

Ciments Francais SA posted a net profit of 60.9 mln euro for the first quarter of 2006, up by 67.5 per cent year-on-year. Operating profit surged by 103.5 per cent to 148.2 mln euro with a margin of

09 May 2006

SCCC operating result for Q1 2006

The consolidated revenues for the 1st quarter 2006 of Siam City Cement Public Company Limited reached THB 6248 million which was THB 569 million or 10.0 per cent higher than in the same period of 2005

09 May 2006

Indocement reports higher net income

PT Indocement Tunggal Prakarsa Tbk posted a net income of Rp1429.9 billion in the first quarter ending at the end of March, it said in a statement. Indonesia’s second largest cement producer said the

09 May 2006

Titan Q1 net seen up 22 per cent

Titan is expected to report a 22 per cent rise in first-quarter net profit, thanks to strong growth at home and abroad, analysts said on Monday. A Reuters poll of eight analysts forecast on average

09 May 2006

Anhui Conch Cement gets approval to sell stake

Anhui Conch Cement Co Ltd said its parent has been given approval by the central government to sell a combined 14.34 per cent stake in the cement maker to MS Asia Investment Ltd and the International

09 May 2006

Cimpor dividend distribution

Cimpor - Cimentos de Portugal will distribute a dividend of 0.19 euro per share on its 2005 earnings, the company said in a note to Portugal’s national bourse regulator CMVM on May 8, 2006. The

08 May 2006

Cement credit stable on sound cash flow, Japan

Moody’s Investors Service’s general outlook for the Japanese cement sector is stable, with sector companies enjoying steady cash flow and market positions, as well as continued capital str

08 May 2006

Dyckerhoff narrows net loss, Germany

Dyckerhoff AG said Monday it narrowed its net loss in the first-quarter of 2006, aided by price increases as well as business growth in Eastern Europe.

05 May 2006

SCCC’s 1Q06 earnings unexciting, Thailand

Both Bank of Thailand and Siam Cement data show a deceleration in 1Q06’s cement demand. Siam City Cement (SCCC) is expected to follow the trend as well. Decelerated domestic cement demand should

05 May 2006

Italcementi Q1 EBITDA, sales boosted by Egypt ops, Italy prices

Italcementi SpA’s first quarter EBITDA and sales, due today, will be boosted by the inclusion of Egypt operations acquired last year, and higher Italian selling prices, analysts said. EBITDA pro

05 May 2006

CRH four month trading favourable

CRH said that overall trading in the first four months of the year has been favourable with in particular a strong start from operations in the Americas. The company said that the year has also starte