Corporate

25 April 2006

Lafarge Shui On Cement sets up Guizhou business unit

Lafarge Shui On Cement, a joint venture between the world-leading cement producer Lafarge and Shui On Construction

25 April 2006

UltraTech board approves capital expansion

UltraTech Cement Ltd. said on Monday its board had approved additional capital expenditure of 4.9 billion rupees for productivity i

25 April 2006

Eagle Materials declares Quarterly dividend

The Board of Directors of Eagle Materials Inc. has declared a quarterly cash dividend of US$0.175 per share, payable on July 20, 200

25 April 2006

Holcim open offer fails to excite investors

Holcim’s open offer to Gujarat Ambuja Cements Ltd (GACL) shareholders to pick up an additional 20 per cent stake in the company, may have elicited lukewarm response, people in the know say. The

25 April 2006

Citigroup To lend Lafarge $30m to rebuild Aceh

Citigroup Inc has lent US$30m to Lafarge to refinance the reconstruction of PT Semen Andalas Indonesia’s cement plant in

25 April 2006

Sinoma signs Taiwan Cement contract

China’s Sinoma International Engineering said it has signed a series of deals to build cement facilities for Taiwan Cement Corp,

24 April 2006

Caixa triples Cimpor stake

State-owned savings bank Caixa Geral de Depositos bought 20 million shares of cement company Cimpor SA more than tripling its stake to 4.6 per cent. In a regulatory filing Cimpor said CGD bought 20

24 April 2006

Semapa says starts 175 mln euro bond issue

Portuguese conglomerate Semapa has begun a 10-year, Euro 175m bond issue in a private placement, the company said on Friday. The issue was launched on Thursday, Semapa said in a statement. The issue

24 April 2006

Limak, Sabanci interested in Elazig

According to the daily Dunya, Limak Group, Sabanci Group are interested in Oyak’s Elazig cement plant. This week, Oyak Group announced that it decided to sell the plant and informed 25 domestic and in

24 April 2006

UltraTech Cement Q4 net rises

UltraTech Cement is to announce its Q4 and FY06 results. According to estimates, its Q4 net profit is expected to go up from Rs 4.94 crore to Rs 69.1 crore.UltraTech Cement is to announce its Q4 and F

24 April 2006

Arabian Cement Company sales

The sales revenue of ACC for the year 2005 increased by 18.7 per cent to SR687.2m from SR578.8m in 2004. The cost of sales of SR338.7m, on the other hand, was higher by 7.5 per cent over the previous

21 April 2006

Siam Cement 1Q net down

Thailand’s Siam Cement is likely to report an on-year drop in its first-quarter earnings as high energy prices cut into profit, analysts said. However, the industrial conglomerate is expected to

21 April 2006

Cementir shareholders approve 2005 figures

The shareholders’ meeting of Italian cement group Cementir approved on April 20, 2006 the group’s 2005 balance sheet and appointed its new board of directors. The shareholders decided on t

20 April 2006

Steppe Cement initiated with "buy"

Analysts at Alfa Bank in New York have initiated coverage of Steppe Cement, Kazakhstan with a "buy" rating. The 12-month target price is set to US$6. In a research note Alfa Bank analysts mention that

20 April 2006

Holcim Philippines 2005 net profit dips

Holcim (Philippines) Inc said its net profit in 2005 fell 9 per cent to 1.27bn pesos from 1.4bn a year earlier, owing to weak demand for cement.

20 April 2006

GCC reports good 1Q results

Grupo Cementos de Chihuahua (GCC) net sales in the first quarter of 2006 increased 42.3 per cent to US$1212.4m pesos. This solid growth reflected higher sales in each of the company’s markets.