Corporate

15 February 2007

Titan Cement FY net to rise 31.7%

Titan Cement is expected to report on Feb 21 a 31.7% rise in full year group net profit to EUR276.8m from a year earlier, on the back of robust sales in Greece, healthy exports and due to its diversi

15 February 2007

Semen Gresik to Conduct Corporate Restructuring

PT Semen Gresik Tbk has planned to conduct corporate restructuring by establishing holding companies to control some cement units like PT Semen Gresik Tbk, PT Semen Padang, and PT Semen Tonasa.

14 February 2007

Lafarge FY 06 Sales EUR16.9bn Vs EUR14.48bn

Lafarge said it recorded revenues of EUR16.9bn in 2006 compared to EUR14.48bn in 2005.

13 February 2007

CHC Jingyang’s Business Income Reaches RMB86.54M In January

Chia Hsin Cement Greater China Holding Corporation announced today that its subsidiary Chia Hsin Jingyang Company achieved an unaudited

13 February 2007

Hilal Cement Company retains GulfMerger to advise on strategies for long-term growth

GulfMerger, an independent financial advisory firm in the Middle East, has been retained by Hilal Cement Company as financial advisor to review its strategic growth alternatives.

12 February 2007

Tabuk Cement raises capital to US$240m

Officials at Saudi Arabian Tabuk Cement Company announced that the company has gained the approval of the country’s Capital Market Authority (CMA) to expand the company’s capital from $186

12 February 2007

Tanga Cement posts 16bn/- profit

Tanzania’s Tanga Cement Company (Simba) has posted 15.99bn/- net profit for its operations for the year ended December 2006, up from 7.233bn/- recorded in the preceding year.

12 February 2007

Chinese clear cement plant purchase by CRH

CRH has been cleared by the Chinese government to complete the purchase of a cement plant in Heilongjiang province, in the northeast of that country.

09 February 2007

CIMA surge draws query

Shares of Cement Industries of Malaysia Bhd (CIMA) rose 26 per cent, or RM1.30, yesterday, prompting a query from Bursa Malaysia.

09 February 2007

Strong margin improvement at Martin Marietta

Martin Marietta Materials sold 180.1Mt (198.5Mst) of aggregates in 2006, which was 2.3% less than in the previous year.

09 February 2007

Claudius Peters opens new outpost in India

Langley Holdings Claudius Peters division has a recently announced the opening of its new outpost in India. Located in Mumbai

08 February 2007

Cemex offloads bonds to cement Rinker bid

Cemex has sold off US$750m ($965m) worth of hybrid bonds to clean up its balance sheet in preparation for its hostile US$12.8bn takeover of building materials group, Rinker.

07 February 2007

Buzzi Unicem FY sales to rise 6-7 per cent on Dyckerhoff’s, Mexico ops

Buzzi Unicem SpA full-year sales, due to be released Thursday, are seen rising by 6-7 per cent from 2005, thanks to solid results at its Dyckerhoff AG subsidiary, particularly in Eastern Europe,

07 February 2007

Boral H1 profit drops 15 per cent, sees housing recovery in 08

Boral Ltd has reported a dip in first half profit and stuck to its forecast for lower annual earnings, but the brick, tile and concrete maker has forecast a recovery in its two key markets in 2008.

06 February 2007

Fujairah Cement net profit rises US$41m 2006

The UAE Fujairah Cement Industries Co said its net profit rose to AED150m (US$41m) in 2006 from the AED137.3m (US$37.4m) it generated in the previous year.

06 February 2007

Oman Cement Co 2006 net profit reaches US$54m

Oman Cement Co (OCC) reported an unaudited net profit of OMR20.7m (US$54m) for 2006, up from OMR18.1m (US$47m) in 2005, according to OCC statement to Muscat Securities Market (MSM).