Corporate

01 February 2006

New chairman for FCC cement units

The board of Cementos Portland Valderrivas SA, Fomentos de Construccion y Contratas SA’s cement operations, named Jose

01 February 2006

Semen Gresik books higher profit

PT Semen Gresik Tbk will have booked the net profit of IDR900 billion last year, representing an increase of 72.88 per cent from IDR520

01 February 2006

Dniprotsement To Join Kryvyi Rih Cement

Shareholders of the Dniprotsement company (Dniprodzerzhynsk, Dnipropetrovsk region, Ukraine) decided to join one of the five biggest producers of cement

01 February 2006

Birla Corp profit up 189%

Birla Corporation Limited, flagship company of the M P Birla Group, reported 189 per cent growth in net profit at Rs17.22

01 February 2006

Portland Cement’s half year profits rise

East African Portland Cement announced its profit before tax had increased by 138 per cent during the last six months.

31 January 2006

UAE Ras al-Khaimah Cement net profit rises

UAE cement producer Ras al-Khaimah Cement Company achieved a net profit of 119.7 mln UAE dirhams ($32.6m) in 2005, up from 96.9 mln dirhams ($26.4m) in 2005, the company said on January 29, 2006. The

31 January 2006

Steppe Cement Limited - Director/PDMR Shareholding

Steppe Cement Ltd Acquisition of Shares by a Director. John Richardson, who is a director of Steppe Cement Ltd has acquired a total of 500,000 fully paid ordinary shares in the Company at a price of U

31 January 2006

Jaypee acquires UP Cement’s assets

Jaypee Associates have acquired the assets of UP State Cement Corporation in a hotly-contested bid. The acquisition of the 2Mt capacity units will cost the Gaurs Rs 459 crore (US$100m). Besides the Ja

31 January 2006

Rinker says construction outlook positive

Heavy building materials company Rinker Group Ltd says the outlook for its key markets of the United States and Australia continues to be favourable, despite a slower housing construction sector. The

30 January 2006

Hanson expands US concrete activities

Hanson has acquired PaverModule, a leading producer of concrete paving in Florida, with five plants and a staff of 170, two in Fort Myers, two in Pompano Beach and one production site in

30 January 2006

Holcim substantially increases Indian exposure

Holcim is further consolidating its relationship with Gujarat Ambuja Cements Ltd., the third largest Indian cement producer by acquiring

30 January 2006

Saudi Cement Net Profit Up 10.7%

Saudi Cement, the country’s third largest cement firm, yesterday posted a net profit of SR484.3 million (US$129m), up 10.7 per cent from the previous year. Net profit in 2004 reached SR437.5

30 January 2006

Orascom announces intention to raise capital

Orascom Construction Industries announced that following an Extraordinary General Meeting (EGM) convened last Wednesday to successfully approve the increase of OCI’s authorized capital from EGP

30 January 2006

Lafarge upgraded to ’hold’ at SG Securities

Shares in Lafarge SA have been upgraded to ’hold’ from ’sell’ at SG Securities, with an increased fair value target of Euro 89 from Euro 63, dealers said. SG said Groupe Bruxel

30 January 2006

The Cemex 2005 final numbers

Cemex increased its 2005 turnover by 88.0 per cent to US$15,3201.0m and the EBITDA for the year rose by 40.1 per cent to US$3,557.1m. The trading profit improved by 34.3 per cent to US$2,486.7m, whic

27 January 2006

Lucky Cement first half earnings up

Lucky Cement after tax profits have increased by 111.8 per cent in the first six months of the current financial year on the back of higher turnover and gross profit compared with