Cement News: Corporate

08 April 2010

Kuwait Portland wants to sell stake in AUB

Kuwait Portland cement Co said it has authorised Al Tamdeen Investment Co to sell at least half of its

07 April 2010

Egypt: Suez and Torah to pay cash dividend

Suez Cement, Egypt’s largest listed cement maker, approved a cash dividend of E£3.3/share, the stock

07 April 2010

Goldman Sachs trims price target on Italcementi, Buzzi

Analysts at Goldman Sachs on Wednesday cut the price targets on Italian producers Italcementi and Buzzi

07 April 2010

Maple Leaf to issue shares to raise funds, Pakistan

The board of directors of Pakistan’s Maple Leaf cement Factory on Monday recommended that 153m

Cemex to exchange as much as US$3bn bonds 06 April 2010

Cemex to exchange as much as US$3bn bonds

Cemex plans to exchange as much as US$3bn of perpetual bonds for notes maturing in seven and 1

06 April 2010

Tong Yang Cement to merge with Golden Oil, South Korea

South Korea’s Tong Yang Cement Corp has decided to merge with Golden Oil Corp, a local mid-sized oil

Citigroup upgrades Adelaide Brighton to Buy 06 April 2010

Citigroup upgrades Adelaide Brighton to Buy

Citi lifts Adelaide Brighton’s rating to Buy from Hold and raises its target to A$3.10 from A$2.58 vs

06 April 2010

Buzzi Unicem issues senior unsecured notes

Buzzi Unicem, through its 100% subsidiary RC Lonestar Inc, has successfully completed the new issue

05 April 2010

Cemex launches four debt exchange offers

Cemex launched four offers to exchange outstanding perpetual debentures for new senior secured notes to

01 April 2010

Conch: stimulus drives growth, profits surge

Anhui Conch, China’s largest cement producer, reported group turnover of CNY24.684bn (US$3.615bn)

01 April 2010

Rajawali sells stake in Gresik in US$1bn deal

Indonesia’s Rajawali Corp sold a 23.66% stake in PT Semen Gresik, the country’s largest cement maker by assets and volume, in a US$1.08bn deal

01 April 2010

Jurong Cement gets SGX’s in-principle approval for delisting

Jurong Cement said it has received in-principle approval from the Singapore Exchange (SGX) to be

01 April 2010

Maple Leaf granted loan for restructuring, Pakistan

Maple Leaf has entered into agreements with lender banks for restructuring of its debts.

31 March 2010

Siam Cement stocks rise on high earnings hopes, Thailand

Siam Cement stocks rose 2.8 per cent to THB254, having hit THB255, its highest since November 1, 2007,

31 March 2010

Anhui Conch net profit increases 34.4%

Anhui Conch Cement Co Ltd yesterday announced that its net profit for 2009 rose 34.48 per cent to

31 March 2010

Nomura cuts Buzzi Unicem’s price target

Analysts at Nomura have lowered the share price target on Italian cement maker Buzzi Unicem to