Cement News tagged: Corporate
Frere aiming to raise Lafarge stake
Belgian financier Albert Frere is planning to eventually raise his stake in French cement maker Lafarge to 30 per cent,
India Cements to issue 1 share for 5 held in Visaka
India Cements Ltd. said on Wednesday its board approved the merger of its associate, Visaka Cement Industry Ltd.
GCC Reports 2006 Fourth Quarter and Full Year Results
The record growth in GCC’s results in 2006 reflected the successful integration of acquisitions and solid organic growth derived from higher volumes
Holcim Q4 net profit seen strong at SwFr414m amid good weather
Holcim is expected to report on Wednesday a strong fourth-quarter net profit of SwFr414m, supported by exceptionally good weather conditions and improved pricing power, analysts said
Lafarge aims to increase cement capacity by 40Mt by 2010
Excluding the roofing business, which is being sold, Lafarge increased its turnover last year by 16.7% to €16,909m and the EBITDA improved by 19.7% to €3,704m.
Orascom prepares tender offer for cement producer Baticim
Egypt’s Orascom Construction Industries (OCI) applied to the capital markets board for a voluntary tender offer for A and B class shares of the cement producer Baticim Bati Anadolu Cimento.
Oman: Raysut Cement profits more than double in 2006
Officials at Raysut Cement announced that the company’s net profits have more than doubled to $53.6 million in 2006, compared with $26.06m in the previous year, Times of Oman reported.
Hanson plays down takeover target rumours
Industrial group Hanson has played down rumours that it has been made a takeover target.
Adelaide Brighton hits FY06 record protfit
Cement and lime producer Adelaide Brighton Ltd has produced a record full year profit and expects to continue to grow its business this year, despite a patchy housing market.
Record high for Hanson as investors build on long-term hopes
Building materials group Hanson was chased to an all-time high as investors relished the prospect of further consolidation in the sector.
Holcim raises CHF650m with bond
Holcim Ltd said Tuesday it has raised CHF650m in a bond issue aimed at refinancing existing debt.
Siam Cement unit sees sales growing 20% on rising demand
Cementhai Logistics Co , the logistics arm of the Siam Cement Group, projects its sales to rise 20% this year from 7.6 billion baht last year.
Lafarge Malayan Cement books sharply higher annual profit
Thanks to recovery in domestic cement prices, Lafarge Malayan Cement Berhad has booked pre-tax profit of RM212.095m (US$60.7m) for the 12 months ended 31 December 2006,
EA Portland After-Tax Profit Rises to Sh727.6m
Cement maker, East African Portland Cement Company (EAPCC), has posted an after tax profit of Sh727.6 million in the six months period ended December 31 last yea
Siam City Cement Mediocre FY07 prospects
The outlook for the domestic cement industry this year appears uninspiring with a slowdown expected in domestic construction activity, particularly in the real estate sector.
Bamburi posts higher earnings
Keny’s leading cement manufacturing company, Bamburi Cement has announced it earned Shs95 billion in pre-tax profits for the financial year ended December 31,