Corporate

30 March 2006

Lafarge to bid for Semen Gresik stake?

According to the Indonesian government, French building materials group Lafarge is among the bidders for a 25 per cent stake in PT Semen Gresik, Indonesia’s leading cement group.The holding, val

30 March 2006

Lafarge and the Sarbanes-Oxley Act

Lafarge announces the results of its assessment of its internal control over financial reporting, carried out in accordance with the provisions of section 404 of the Sarbanes-Oxley Act. These results,

30 March 2006

Gresik to miss March 31 deadline

Indonesia’s largest cement maker PT Semen Gresik will miss the March 31 deadline for reporting its 2005 audited financialresults, investor relations head Agung Wiharto said. "We won’t make

30 March 2006

Colombian Argos plans

Colombian cement producer Cementos Argos is planning to enter the oil and hydroelectric business, according to modifications to its statutes approved during the latest shareholders’ assembly. In

30 March 2006

Profit-booking in India Cements

Southern Indian cement maker India Cements is seeing sizeable selling by foreign-based funds. On Wednesday, CLSA sold 1.1 million shares at Rs 161. CLSA’s sale comes after ABN AMRO Bank sold 1.0

29 March 2006

Yanbu Cement to triple its dividends, Saudi Arabia

Yanbu Cement Co announced yesterday that it will triple its dividends for the second half of 2005. The company will pay SR15/share in dividends for the second half, following a six-per cent increase i

29 March 2006

Misr Beni Suef Cement 2005 profit jumps, Egypt

The net profit of Egyptian Misr Beni Suef Cement (MBSC) jumped to E£132.8m (US$23.2m) in 2005 from E£51.5m (US$9m) in 2004, the company said in a statement to Cairo and Alexandria Stock Exchanges (CAS

29 March 2006

Holcim open offer for Guj Ambuja rescheduled, India

Holcim’s open offer, to acquire 20 per cent stake from the shareholders of Gujarat Ambuja Cements (GACL), has been rescheduled for later this week. The offer, at Rs 90.64 per share, was delayed follow

28 March 2006

Doha Bank launches zero per cent IPO loan

Doha Bank has launched the Zero per cent IPO loan for the forthcoming Gulf Cement Company’s maiden public issue. The IPO loan is available to Qatari nationals applying for the Gulf Cement Company’s IP

28 March 2006

Carib Cement says its prepared for lawsuits

Caribbean Cement Company Limited says it has coverage in place in the event that it’s slapped with lawsuits arising from its recent product recall. A statement from its parent company Trinidad C

28 March 2006

Ashaka Cement raises turnover by N3.2bn

Nigeria’s Askaka Cement Company Plc raised turnover by N3.2 billion from N12.6 billion in a comparable period of 2.4 to N15.8 billion for the year ended December 31th 2005. The audited results for the

28 March 2006

Ambuja Cement Eastern’s managing director resigns

Ambuja Cement Eastern Ltd. said its managing director, Harshavardhan Neotia, had resigned and will act as an additional director. The company also said on Monday its board had appointed Ramit Budhraja

28 March 2006

Saudi Cement Co net profit rises

Saudi Cement Company (SCC) posted a net profit of 484.3 mln Saudi riyals ($129.1m) for 2005, up from 437.5 mln riyals ($116.6m) a year ago. The increase was supported by a rise in total revenue to 56

27 March 2006

HeidelbergCement wants more consolidation

HeidelbergCement AG believes it should play a major role in the consolidation of the cement industry and wants to make a further acquisition, CEO Bernd Scheifele said in an interview with Boersen-Zeit

27 March 2006

Cement Australia takes miner off the market

The parent company of Tasmanian coal miner Cornwall Coal has decided to keep the business. Cement Australia put the company on the market six months ago to see if there was a prospective owner who wou

27 March 2006

CCI employees to agitate for revival of unit

Workers and employees of the closed Cement Corporation of India’s (CCI) Adilabad plant have threatened to launch agitations, including a fast unto death, as the unit has not been considered for