Corporate

30 November 2006

Heracles Cement 9-month net profit down 39.1%

Greek cement producer Heracles, majority owned by Lafarge, said on Wednesday nine-month net profit after tax fell 39.1 per cent, due to a one-off gain last year.

30 November 2006

Heracles Cement 9-month net profit down 39.1%

Greek cement producer Heracles, majority owned by Lafarge, said on Wednesday nine-month net profit after tax fell 39.1 per cent, due to a one-off gain last year.

30 November 2006

West China Cement to raise 22 mln stg ahead of AIM listing

West China Cement Ltd, a producer and distributor of cement, based in Shaanxi Province in the Peoples’ Republic of China, said it plans to raise 22 mln stg ahead of its admission to AIM, expecte

29 November 2006

Votorantim acquires CCRG

Votorantim Cimentos has acquired from Koranyi Ribeiro family the 95,65% stake held by CP Cimentos in the cement company CCRG

27 November 2006

Egyptian Ameriya Cement US$35.3m net profit

Egyptian company Ameriya Cement booked a consolidated net profit of E£201.8m (US$35.3m) for the first nine months of 2006,

27 November 2006

Bim Son cement plant gets listed

Bim Son Cement Joint Stock Company on Nov. 24 listed more than 90 million shares on the Hanoi Securities Trading Centre under the code BCC.

24 November 2006

Egypt’s Amreya Cement 9-mth profit jumps 56 per cent

Egypt’s Amreya Cement reported net profit of E£201.8m (EUR35.3m) for the first nine months of 2006, a 56 per cent increase, the stock exchange said on Thursday.

24 November 2006

Taiwan Cement to Inject more in Mainland China reinvestments

The Investment Commission under the Ministry of Economic Affairs (MOEA) approved Taiwan Cement Corp to invest US$33.2m in the mainland China on cement plant located at Yingde of Guangdong province.

23 November 2006

Lafarge Malayan Cement returns to profit

Lafarge Malayan has recorded a nine-month pre-tax profit of RM138.688m (US$38m) against a loss of RM26.237m a year ago as it benefits from firmer domestic and higher export prices

23 November 2006

HeidelbergCement’s Merckle raises stake

Adolf Merckle, a member of Heidelberg Cement AG’s supervisory board, has increased his stake in the company but it’s unclear if this will reduce the company’s free float

23 November 2006

Cementos Portland sees 2007 revs at EUR1.8bn

Spanish cement group Cementos Portland Valderrivas (CPV) expects to make turnover of more than EUR1.8bn in 2007, double the sales it achieved in 2005,

23 November 2006

Chia Hsin eager to cement place in Top-10

Hong Kong-listed Chia Hsin Cement Greater China seeks to boost its annual production capacity to about 10Mt in a couple of years and to 30Mt by 2016.

23 November 2006

Lafarge to guarantee Lafarge North America’s US$400m of outstanding debt securities

Lafarge announces that it is providing an unconditional guarantee on all outstanding bonds issued by its subsidiary Lafarge North America In

22 November 2006

Monarch Cement’s EBITDA Hits Nine Year High

Monarch Cement Company for its 12 months ended September 30, 2006 was $30,302,931, a 60% increase over the year earlier same 12 months when Monarch Cement generated

21 November 2006

Siberian Cement’ to repurchase ’Topkinsky Cement’

The Kemerovo-based holding ’Siberian Cement’ has repurchased 100% of the shares of ’Topkinsky Cement’ Ltd, as reported yesterday

20 November 2006

Profit drops 31% at Egypt’s National Cement in Q1

Egypt’s National Cement reported a 31 per cent drop in net profit to E£106m (US$18.5m) for its fiscal first quarter ended September, the stock exchange said on Sunday.