Corporate

23 March 2006

Results of tender to explore and develop

Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of Eurocement Group, IKA-

23 March 2006

China building firm surges on US$231m debut

Shares in China National Building Material Co. (CNBM) surged 18.2 per cent in their US$231m Hong Kong trading debut on Thursday, as investors clamoured to profit from China’s booming economy.

22 March 2006

JP Morgan investing in Andhra Cements

Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd. The size of the equity has been pegged at Rs 24 crore and it would be invested through one of

22 March 2006

Holcim to hedge IDR4 trillion debts

PT Holcim Indonesia Tbk may apply the strategy of hedging on its IDR4 trillion foreign currency debt in April and Mat to prevent from foreign exchange losses. The company registered IDR247.192 billio

21 March 2006

Tabuk Cement net profit up to US$41.3m

Saudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004. Sa

21 March 2006

Sumitomo Osaka Cement looks for higher profit

Sumitomo Osaka Cement Co said Monday that it aims to boost its group net profit fivefold to Y10 billion for the fiscal year ending March 2009, partly through cost reduction and by making further advan

21 March 2006

Maxit to build plant in Latvia

Maxit, a company of the German construction materials production group Heidelberg Cement, plans to build a new ceramsite panel production plant in Latvia. Ivi Anna Buce, board member of the Latvian s

21 March 2006

Cemex expects higher profit for 2006

Cemex, the world’s third-largest cement maker, expects to obtain profit of some US$800m in 2006, up 26 per cent year-on-year, the Mexican press reported on March 20, 2006. The operating profit

21 March 2006

Mysore Cements: Holcim link?

Shares in loss-making company Mysore Cements Ltd, India, have shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent spur

21 March 2006

Govt yet to decide to buy back Cemex shares

The Indonesian government has yet to take a decision on the possibility of buying back Cemex Holding Asia Ltd shares in PT Semen Gresik following the Mexican company’s plan to sell its 25.5 perc

20 March 2006

Sale of Ladik Cement halted

The 13th Department of the Council of State halted the execution of the resolution of the Saving Deposits and Insurance Fund (TMSF) which approved the Sale Commission’s decision regarding the sa

20 March 2006

Yanbu Cement 2005 net profits up

Saudi cement producer Yanbu Cement Company (YCC) registered an increase in net profit to 453.6 mln Saudi riyals (US$120.9m) for 2005, up from 427.7 mln riyals (US$114m) for 2004. Sales rose slightly

20 March 2006

Semapa FY net up 76.7 per cent

Portuguese conglomerate Semapa SGPS, which controls local cement producer Secil, announced net profits of Euro 334m for 2005, a rise of 76.7 per cent from a year earlier. However, the company said t

20 March 2006

Promising results from India Cement

The largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make profits

20 March 2006

Dyckerhoff results for FY 2005 approved

Buzzi Unicem subsidiary Dyckerhoff AG has reported improving sales in 2005. However, the development of the divisions varied. With Germany posting a decrease in sales, the Eastern European division, i

17 March 2006

No plan to raise Gujarat Ambuja open offer price, India

Holcim Ltd said Thursday that it has no plans to raise its open offer price of INR90.64 a share for Gujarat Ambuja Cements Ltd.