Saratovnedra announces deadline for accepting bids for exploration and development of the Tersinskoye limestone deposit located in the Saratov region. Among bidders are those of Eurocement Group, IKA-
Shares in China National Building Material Co. (CNBM) surged 18.2 per cent in their US$231m Hong Kong trading debut on Thursday, as investors clamoured to profit from China’s booming economy.
Global finance major JP Morgan is investing Rs 73 crore by way of debt and equity in Andhra Cements Ltd. The size of the equity has been pegged at Rs 24 crore and it would be invested through one of
PT Holcim Indonesia Tbk may apply the strategy of hedging on its IDR4 trillion foreign currency debt in April and Mat to prevent from foreign exchange losses. The company registered IDR247.192 billio
Saudi cement producer Tabuk Cement Company (TCC) registered an increase in net profit to 154.8 mln Saudi riyals (US$41.3m) for 2005, up from 128.6 mln riyals (US$34.2 mln/28.26 mln euro) for 2004. Sa
Sumitomo Osaka Cement Co said Monday that it aims to boost its group net profit fivefold to Y10 billion for the fiscal year ending March 2009, partly through cost reduction and by making further advan
Maxit, a company of the German construction materials production group Heidelberg Cement, plans to build a new ceramsite panel production plant in Latvia. Ivi Anna Buce, board member of the Latvian s
Cemex, the world’s third-largest cement maker, expects to obtain profit of some US$800m in 2006, up 26 per cent year-on-year, the Mexican press reported on March 20, 2006. The operating profit
Shares in loss-making company Mysore Cements Ltd, India, have shot up by 60 per cent since February 20 on the buzz that the company was finally coming out of difficult times, thanks to the recent spur
The Indonesian government has yet to take a decision on the possibility of buying back Cemex Holding Asia Ltd shares in PT Semen Gresik following the Mexican company’s plan to sell its 25.5 perc
The 13th Department of the Council of State halted the execution of the resolution of the Saving Deposits and Insurance Fund (TMSF) which approved the Sale Commission’s decision regarding the sa
Saudi cement producer Yanbu Cement Company (YCC) registered an increase in net profit to 453.6 mln Saudi riyals (US$120.9m) for 2005, up from 427.7 mln riyals (US$114m) for 2004. Sales rose slightly
Portuguese conglomerate Semapa SGPS, which controls local cement producer Secil, announced net profits of Euro 334m for 2005, a rise of 76.7 per cent from a year earlier. However, the company said t
The largest cement company in south India, India Cements with a group capacity of 8.8Mt, has posted strong numbers after a long time. For the first time since FY01, the company is set to make profits
Buzzi Unicem subsidiary Dyckerhoff AG has reported improving sales in 2005. However, the development of the divisions varied. With Germany posting a decrease in sales, the Eastern European division, i
Holcim Ltd said Thursday that it has no plans to raise its open offer price of INR90.64 a share for Gujarat Ambuja Cements Ltd.