Corporate

26 January 2006

UAE National Cement Co profits rise

UAE Dubai-based National Cement Company reported a net profit of 249.8 mln UAE dirhams (US$68m) in 2005, up from 113 mln dirhams ($30.8m) in 2004, it was reported on January 25, 2006. National Cement

26 January 2006

Peru’s Cementos Lima 4Q

Rising cement sales helped lift Cementos Lima SA’s fourth-quarter net income to 32.8 million soles (US$9.8m) compared with PEN22.8 million (US$6.8m) in the same quarter in the previous year. Cem

26 January 2006

Credit Suisse cuts Semapa voting rights

Credit Suisse International reduced its holding in cement and paper maker Semapa SGPS to 23,095,800 shares, equal to 19.52 per cent of capital and 19.98 per cent of voting rights, through the sale of

26 January 2006

Exane ups Lafarge to "outperform"

Exane BNP Paribas on Thursday raised its rating for Lafarge , the world’s biggest cement maker, to "outperform" from "neutral", citing savings from an expected restructuring among other factors.

26 January 2006

Ciments Francais higher as Exane raises target

Shares in Ciments Francais rose as Exane BNP Paribas increased its target price on the cement company to Euro 125 and reiterated an ’Outperform’ rating, dealers said. The new target reflec

25 January 2006

PPC cements rise in headline earnings per share share

PPC, SA’s largest cement maker, expects a 40-60 per cent jump in interim headline earnings a share on the back of better-than-expected sales and a reduced tax bill. The company, which is

25 January 2006

Anhui Conch improves share compensation

China’s Anhui Conch Cement Co said it is raising its compensation offer to public shareholders to 15 yuan in cash -- or 2.55 bonus shares -- per 10 tradable shares, in its plan to float its stat

25 January 2006

Podilsky Cement gets approval for new quarries

Ukraine’s antitrust regulator AMCU gave green light to the Podilsky Cement plant to buy stakes of over 50 per cent in the Behivsky and Popilnyansky crushed stone quarries. Podilsky Cement techni

25 January 2006

India Cements Q3 net up

India Cements Ltd has posted a net profit of Rs 7.22 crore on sales of 411.87 crore for the quarter ended December 31, 2005 compared to a loss of Rs 33.31 crore on sales of Rs 319.01

25 January 2006

Siam Cement sees 2006 revenues rising

Thailand’s biggest industrial conglomerate, Siam Cement , said on Wednesday it expected revenues to rise 5 to 10 per cent this year, led by its petrochemical and cement businesses. The firm expe

24 January 2006

India’s ACC Q3 net profit quadruples

Associated Cement Companies Ltd, India’s second-biggest cement maker, said on Tuesday its quarterly net profit nearly quadrupled, including a one-time gain, on surging prices and higher sales. A

24 January 2006

Javedan improves

Still awaiting the outcome of a recent court hearing regarding its privatisation and sale to the Haji Usman Ghani Group, Pakistani producer Javedan Cement reports that its financial condition is now i

24 January 2006

Holcim Croatia investment plans for 2006

The Croatian unit of Holcim says it plans to invest 37 million kuna (US$6.2m) this year, mainly in the modernisation of its production facilities. "A revamp of the factory in Koromocno is now underway

23 January 2006

HeidelbergCement eyes higher profit in 2006

HeidelbergCement , the world’s fourth largest cement maker, aims to increase its profit and sales in 2006, its chief executive told the Frankfurter Allgemeine Zeitung, reaffirming

23 January 2006

China B-shares close mixed as investors take profits

B-shares in Shanghai and Shenzhen closed mixed with investors continuing to cash out after recent sharp gains, dealers said. The Shanghai B-share Index rose 0.37 points to

20 January 2006

Portugal Cimpor, Secil 2005 sales down

Sales of Portuguese cement producers Cimpor and Secil fell in 2005 for a third year in a row, registering declines of 3.3 per cent year-on-year, according to Portugal’s Finance Ministry data rep