Corporate

17 May 2006

Taiheiyo net profit down, revenues up

Taiheiyo Cement Corp, Japan, decreased net profit by 36.9 per cent to JPY9.1 billion for the year to March 31, 2006. Revenue increased 3.9 per cent to JPY906.7 billion, operating profit rose 28.7 per

17 May 2006

Lafarge now owns 100 per cent of Lafarge North America

Lafarge has today announced that it has successfully completed its acquisition of the remaining shares of Lafarge North America that it did not acquire previously through its tender offer that expired

16 May 2006

High interest for Camargo Corrêa bonds, Brazil

International markets gobbled up last week US$1.2bn worth of senior unsecured bonds issued by Brazilian civil engineering firm Camargo Corrêa’s, local daily Valor Econômico reported.

16 May 2006

Chilanga Cement spends on plant upgrades, Zambia

Chilanga Cement has spent K54.3bn over the past two years on maintaining its plants, company chairman Muna Hantuba has said. Reviewing the year ended December 31, 2005 at the company’s annual g

16 May 2006

HeidelbergCement unit changes manager, Bosnia

Tvornica Cementa Kakanj (TCK), a Bosnian cement factory owned by Germany’s HeidelbergCement, said on Monday its supervisory board has named Branimir Muidza new general manager of the company.

16 May 2006

BK Group plans cement unit in Assam

The BK Group, one of the leading business families of the North East, has finalised a plan to set up a greenfield cement project at Cachar in Assam, entailing an investment of about Rs 414 crore.

15 May 2006

Lafarge completes North American transaction

Lafarge has announced that it has successfully completed its cash tender offer for the 46.8% minority stake in Lafarge North America that it not previously

15 May 2006

Cementir Q1 profits more than double, Italy

Cementir, the Italian cement and concrete group, saw its pre-tax profits soar by 123 per cent, to EUR15m, during the opening quarter of 2006.

15 May 2006

Italcementi FY to rise to EUR550m from EUR391m

Italcementi SpA is expected to increase full year net profit to EUR550m from EUR391m a year earlier, boosted by an increase in sales to EUR5.50bn from EUR5.00bn. EBITDA is forecast to rise to EUR1.32b

15 May 2006

Profits jump at Egypt’s Suez Cement, Asec Cement

Egypt’s Suez Cement and Asec Cement, both controlled by Italcementi, reported sharp rises in their firt-quarter net profits on Sunday, with rises of 111 and 77 percent respectively.

15 May 2006

Holcim Shareholders OK Capital Increase, Dividend

Swiss based cement maker Holcim Lt Friday said its shareholders approved the planned capital increase and the payment of the dividend of CHF1.65 per registered share.

15 May 2006

Torah Cement’s Q1 net profit up 54%

Egypt’s Torah Cement made a net profit of E£80.8m (US$14m) in the first three months of 2006, 54 per cent up on the same period of 2005, the stock exchange said on Sunday.

12 May 2006

Juan Minetti profits slide 19 per cent, Argentina

Argentine cement and concrete company Juan Minetti made net profits totaling ARP18.7m (US$6.16m) during the first quarter this year, down 18.6 per cent compared to the same period of 2005, the company

12 May 2006

Suez net profit surges, Egypt

Egypt’s Suez Cement Co (SCC), 51 per cent held by Ciments Francais, registered a surge in consolidated net profit to E£222.7m (US$38.6m) in the first quarter of 2006, compared to E£105.7m (US$18

12 May 2006

FCC’s Q1 net profit rises 41 per cent, Spain

Spanish building and services group Fomento de Construcciones y Contratas (FCC) posted a 40.7 per cent rise in first-quarter net profit to EUR113.8m.

12 May 2006

Holcim to issue shares at CHF83 each in capital hike, Switzerland

Holcim Ltd announced Friday the final conditions of a previously-announced capital hike, confirming the issue price of CHF83 per share but slightly increasing the number of shares to be issued.