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Heracles Cement Q1 net falls to on higher costs

Lafarge’s Heracles General Cement Company SA said its first quarter net earnings after taxes fell to EUR1.3m from EUR18.7m booked over the same period last year.   The company attributed the decre...
News - 27 May 2008

Cement cartel success boosts UK claims

Investigators gathering evidence over alleged cement price fixing in the UK have been boosted by Heidelberg, Lafarge, Holcim, Cemex and three other cement producers losing their court bid in Germa...
News - 22 May 2008

Cement stocks in the spotlight

Malaysian cement companies attracted attention yesterday following speculation that the industry will be the next to be liberalised after the steel industry. Analysts are positive that a cement pr...
News - 21 May 2008

Lafarge sets out guidance on Euro bond

Lafarge has set guidance on its planned two-part euro bond that will help refinance its purchase of Egypt’s Orascom Cement, an official at one of the banks managing the sale said on Monday. Lafarg...
News - 20 May 2008

India heads for more consolidation

After a flurry of mergers and acquisitions – CRH acquiring My Home Industries for $462 million, Lafarge buying L&T Concrete’s RMC business for $349 million and Heidelberg consolidating its busines...
News - 20 May 2008

Conch plans investment in quake-hit region

Leading Chinese cement producer Anhui Conch Cement Co Ltd plans to speed up capacity expansion in the aftermath of the most devastating earthquake to hit the country in decades. The company now pl...
News - 19 May 2008

UK producers take the strain

Recent financials by UK cement majors, Holcim, Lafarge and Heidelberg  indicate signs of weakening sales in the UK. Heidelberg, which sells cement in the UK through its Castle Cement business, sai...
News - 19 May 2008

Lafarge Malayan Cement reports 13.2% lift in pre-tax profit

Lafarge Malayan Cement Berhad on Thursday reported first quarter pre-tax profit of RM66.293 million (US$20.7 m), an increase of 13.2 per cent YoY thanks to higher domestic sales.   For the three m...
News - 16 May 2008

Lafarge Malaysia appoints new president, CEO

Lafarge Malayan Cement Bhd has appointed Bi Yong Chungunco as its president and chief executive officer with effect from May 5, 2008.   In a statement yesterday, Lafarge said she joined the group ...
News - 15 May 2008

Lafarge buys leading Indian concrete producer

Lafarge is paying EUR226m to acquire L&T Concrete from the Indian engineering group Larsen & Toubro.  When Larsen & Toubro sold its cement business to Birla in 2003, who renamed it UltraTech Cemen...
News - 15 May 2008