Cement industry news

31 Jul 2007 International

Polpaico 1H07 profits drop 37%

Chilean cement producer Polpaico’s consolidated net profits fell 37.5% to COP6.32bn (US$12m) during

31 Jul 2007 Corporate

Lafarge profit seen higher in first half

Lafarge is set to report higher first-half profit on Thursday, boosted by price increases, cost controls and buoyant construction activity in emerging countries.

31 Jul 2007 Corporate

Italcementi H1 EBITDA may rise less than sales due to higher costs

Italcementi SpA’s second-half results, due to be released Friday, may show EBITDA rising less than sales compared to a year earlier

31 Jul 2007 International

Florida Rock Industries, Inc announces 3Q results

Florida Rock Industries, Inc today announced net income of $36,054,000 or $.54 per diluted share for the third quarter of fiscal year 2007

31 Jul 2007 Corporate

Lucky Cement earnings may increase up to six per cent

The earnings of Lucky Cement Limited are expected to increase by three to six per cent to Rs 1, 997m to Rs 2,052m for the fiscal year ended on June 30, analysts said.

31 Jul 2007 International

Anhui Conch Cement expands in northwest China by alliance

Anhui Conch Cement Company Limited will ally with a cement company in China’s northwestern province of Gansu to expand the regional market.

30 Jul 2007 International

Lafarge to invest EUR38.3m in upgrading Ukraine works

Lafarge is to invest EUR38.3m in upgrading the Mykolayivtsement cement works in Lviv region, a statement released by the company says.

30 Jul 2007 International

Go-ahead for cement merger

The Protection of Competition Committee yesterday gave the green light to the Cyprus Cement Company and the Vassiliko Cement Company to merge, saying the merger was compatible w...

30 Jul 2007 Corporate

India’s Grasim Q1 net up 64 pct, beats forecast

India’s Grasim Industries Ltd. on Saturday reported a 64 per cent rise in standalone quarterly net profit, beating forecasts,

30 Jul 2007 International

IDFC to buy 6.6% in Andhra Cements

Infrastructure Development and Finance Corporation (IDFC) is to acquire a 6.55% stake in Andhra Cements to help

30 Jul 2007 Trading

Some pricing stability in the States

Texas Industries has announced that it was now beginning to achieve cement price increases in both of its major markets, Texas and California.

30 Jul 2007 International

Siam Cement Group set to increase its investments in R&D

The Siam Cement Group (SCG) plans to invest heavily in research and development (R&D) to make it the country’s largest unit, said Kanokrot Phalakornkul, director of SCG&rs...

30 Jul 2007 Corporate

Cementos Portland profit up

In the six months to June 30, Spanish cement manufacturer Cementos Portland recorded an attributable profit of EUR107.3m, a YoY increase of 11.5 per cent.

30 Jul 2007 Environmental

Qilianshan CDM Project Registered Successfully

The 6000kW low-temperature excess heat power generation CDM project of Gansu Qilianshan Cement Co.,

30 Jul 2007 International

Key shareholders consider selling stake in Iskitimcement

Eduard Taran, the key shareholder in Siberia-based RATM Group, discussed the details of a proposed cement holding to be built around Iskitimcement (ISKC), the group’s main...

30 Jul 2007 International

Sales of cement increase in Venezuela

Sales of cement in Venezuela increased 23 per cent during the first half of 2007.

30 Jul 2007 International

Meeting on ways to develop the cement industry of Belarus

On July 24, 2007 the President of the Republic of Belarus, Alexander Lukashenko, held a meeting focused on the development of the Belarusian cement industry, reported the Presid...

30 Jul 2007 Corporate

HeidelbergCement CEO sees Maxit sale soon

HeidelbergCement’s chief executive expects to soon sell its clay and mortar unit Maxit, which generated just over EUR1.2bn (US$1.64bn) in revenue and an operating profit o...

30 Jul 2007 International

India’s Binani Cement buys 49 per cent in Chinese cement plant

Binani Cement, part of the Rs 15bn (US$371m) Binani Group, announced it will acquire a 49 per cent stake in a cement plant in China from Shandong Rongan Group.

27 Jul 2007 Corporate

Exane-BNP marks Titan down

Titan reported H107 sales down 1% to EUR757.3m and EBITDA up 3% to EUR221.8m. Net income increased from EUR120.4m to EUR126.1m, 7% below consensus expectations of EUR134.8m.