Corporate

27 April 2006

Lafarge’s North America narrows operating loss

Lafarge North America, which parent company Lafarge SA plans to fully acquire in the coming weeks, said late yesterday its operating loss narrowed to US$55.8m in the first quarter, from the US$78.6m l

27 April 2006

Gulf Cement IPO raises US$1.6bn

The Gulf Cement Company’s IPO has raised more than $1.63bn and was about nine times oversubscribed. Applicants will receive a minimum

27 April 2006

Cementos Argos 1Q net profit up, Colombia

Colombian cement and cement products maker Compania de Cementos Argos posted a net profit of COP19.552bn (US$8.2m) for the first quarter of 2006.

26 April 2006

Taiheiyo increases profit forecast, Japan

Taiheiyo Cement Corp said it has raised its forecast of net profit for the year to last March to Yen 8bn from Yen 5bn

26 April 2006

EBRD to take decision Garadag decision, Azerbaijan

The EBRD Board of Directors will take decision on purchase of 20 per cent stake in the Garadag Cement JSC. The A

26 April 2006

Share sale news in brief, Italy

Lehman Brothers has cut its stake in Italian cement group Italcementi to the threshold of 2.0 per cent, Italian news sources reported on April 24, 2006. The operation took place on April 13, 2006. Leh

26 April 2006

Florida Rock record second quarter results

Florida Rock Industries, Inc today announced record net income of US$57,810,000 or US$0.86 per diluted share for the

26 April 2006

Siam Cement 1Q net down

Siam Cement PCL said Wednesday its net profit in the first quarter dropped slightly on year, as lower taxes were offset by weak operating results. In the January-March quarter, the company recorded a

26 April 2006

Prism Cement net surges

Prism Cement reported a 114 per cent increase in net profits to Rs 24.39 crore for the quarter ended March 2006 compared with Rs 11.35 crore recorded in the corresponding period last year, reports Bus

25 April 2006

Baticim submits bid for Limas port operator

Baticim Bati Anadolı Cimento, a cement company, announced that it submitted its bid regarding Limas, which runs a port in Iz

25 April 2006

KHD Humboldt Wedag announces agreement

KHD Humboldt Wedag International Ltd. ("KHD") announces that it has entered into an arrangement agreement (the "Arrangement")

25 April 2006

Lafarge Shui On Cement sets up Guizhou business unit

Lafarge Shui On Cement, a joint venture between the world-leading cement producer Lafarge and Shui On Construction

25 April 2006

UltraTech board approves capital expansion

UltraTech Cement Ltd. said on Monday its board had approved additional capital expenditure of 4.9 billion rupees for productivity i

25 April 2006

Eagle Materials declares Quarterly dividend

The Board of Directors of Eagle Materials Inc. has declared a quarterly cash dividend of US$0.175 per share, payable on July 20, 200

25 April 2006

Holcim open offer fails to excite investors

Holcim’s open offer to Gujarat Ambuja Cements Ltd (GACL) shareholders to pick up an additional 20 per cent stake in the company, may have elicited lukewarm response, people in the know say. The

25 April 2006

Citigroup To lend Lafarge $30m to rebuild Aceh

Citigroup Inc has lent US$30m to Lafarge to refinance the reconstruction of PT Semen Andalas Indonesia’s cement plant in