Cement prices may rise Rs 10
India’s top cement makers are likely to raise prices in the west, north and south, mainly on strong demand. Mumbai-based ACC has already increased prices between Rs 2 and Rs 5 p...
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Kuwait Cement Co Posts $83.2m nine month net profit
Kuwait Cement Company posted a net profit of KWD24.3m (US$83.2m) for the first nine months of 2005, up from KWD14.6m (US$50m) for the same period of 2004.
Lafarge buys back EUR80M Of Its Own Convertible Bonds
Lafarge SA (LR) said it has bought back EUR80m in convertible bonds, or 6.15% of a total EUR1.3bn bond launched in June 2001.
Anhui Conch raises three-year loan by 60 per cent
Anhui Conch Cement Co, China’s biggest cement maker, increased its first syndicated loan by 60 per cent to CNY800m (US$99m) as banks offered to lend more than it sought.
Greece’s Titan Cement nine-months net seen rising 12% on strong US ops
A continuing strong performance in the US market and improving sales in Greece will be the main drivers behind growth, they added.
Egyptian Misr Beni Suef net profit soars 290% YoY
The net profit of Egyptian cement producer Misr Beni Suef Cement (MBSC) jumped 290 per cent YoY to E£101m (US$17.5m) in the first nine months of 2005.
Exchange rate loss of Indocement to decrease
PT Indocement Tunggal Prakarsa Tbk predicted that the exchange rate loss of the company will decrease this year as the company has hedge some US$150m of its debt, while the exch...
US Lehman Brothers Cuts Italy Italcementi Stake
US investment bank Lehman Brothers has cut its stake in Italian cement group Italcementi to under the threshold of two per cent, Italian stock market regulator Consob reported o...
Semen Baturaja reports surge in profits
State-owned cement maker PT Semen Baturaja in South Sumatra reported a gross profit of Rp20bn (US$2 million) in the first 10 months of this year, up from only Rp4.14 billion in ...
Carib Cement’s earning up, but profit down
A 17.5 per cent increase in revenue for quarter to September 30 was not enough to offset the negative impact of Hurricanes Dennis and Emily and higher energy costs at Caribbean ...
Cemco seeks reversal of CA decision
Cemco Holdings Inc. has asked the Court of Appeals to reconsider its decision requiring the cement firm to tender an offer to buy the stakes of minority shareholders of Holcim P...
Grasim, Lafarge in race for UP cement unit
Grasim and Lafarge are apparently set to compete for the assets of the UP State Cement Corporation (UPSCCL). They have competed earlier also, the only difference being that this...
Member of the FTSE4Good Index
The FTSE4Good Index responds to the rising interest of socially responsible investors. HeidelbergCement has met the specific Index criteria by transparent reporting on progress ...
Swiss want to set up cement plants
The Ambassador of Switzerland to Pakistan, Dennis Filed Mayor, has said that Swiss businessmen are keen to invest in various sectors of Pakistan and particularly in Balochistan....
Ssangyong Cement to sell US$200m in bonds
Ssangyong Cement Industrial Co., South Korea’s largest cement manufacturer, said Friday that it plans to sell US$200m in floating rate notes. The three-year secured debt...
BoI fines Taiheiyo
The Philippine Board of Investments (BoI) has revoked the certificate of registration of Taiheiyo Cement Philippines Corp (formerly Grand Cement Manufacturing Corp) and slapped ...
Sanko to spend on Gaziantep renovation
Turkish textile group Sanko Holding will invest between US$20m and US$25m in the modernisation and renovation of cement mill Gaziantep Cimento, said Abdulkadir Konukoglu, chairm...
Eurocement improves Ukrainian output
In the past ten months of 2005, the Ukrainian factories of Russia’s Eurocement Group holding company made over 2.4Mt of cement, a 14 per cent rise year-on-year. Balcem of
Cementos Molins net profit down
Spanish cement company Cementos Molins posted a Euro 61.2m net profit for the first nine months of 2005, down 4.0 per cent year-on-year, the company informed in a statement the ...
Cement output keeps increasing in October
According to statistics provided by China Cement Association, China’s demand for cement will keep growing in the fourth quarter of this year, but the growth will slow down. Mean...
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