Cement News: Corporate

29 April 2010

Pahang to buy YTL Cement shares, Malaysia

The state assembly of Pehang unanimously passed a motion to purchase shares in YTL Cement Bhd.

29 April 2010

Deutshe Bank initiates coverage on cement with a Buy

Deutshe Bank initiates coverage on Cemex with a Buy rating. Deutsche analysts says: “In our view

29 April 2010

Fitch Rates CRH’s EUR4bn EMTN Programme ’BBB+’

Fitch Ratings has affirmed Ireland-based CRH Plc’s (CRH) euro medium-term note (EMTN) programme at

28 April 2010

Cemex increases first quarter loss

Cemex first quarter turnover declined by 10.2% to US$3,042.6m, which represented an underlying reduction of some 16%.

Siam Cement 1Q beats forecasts, Thailand 28 April 2010

Siam Cement 1Q beats forecasts, Thailand

Siam Cement posted a 32 per cent rise in quarterly net profit on Wednesday after the economic recovery

28 April 2010

HeidelbergCement secures liquidity until end-2013

HeidelbergCement said it has signed a new, self-arranged EUR3bn syndicated credit facility with a group

Jefferies International give Lafarge Hold rating 27 April 2010

Jefferies International give Lafarge Hold rating

Investment banking advisor Jefferies International Ltd is initiating coverage of Lafarge with a Hold rating

27 April 2010

Eagle Materials finished a poor year on a weak note

Including its share of the jointly-owned Texas Lehigh Cement,

27 April 2010

Cemex mulls sale of stakes

Cemex is considering selling off minority stakes in some of its worldwide operations in a bid to cut its debt,

26 April 2010

Cemex seen posting first quarter loss

Cemex is expected to post a US$140m net loss for the first quarter after a harsh winter in the

26 April 2010

Binani Cement Q4 net dips 15%

Binani Cement reported a 15% dip in net profit for the fourth quarter ended March at INR17 crore due to a

23 April 2010

Tarmac targetted by Marwyn

Private equity-backed acquisition vehicle, Marwyn Materials Ltd (UK), is in talks with Anglo American,

23 April 2010

Lafarge seeks approval to transfer US$12m, Zimbabwe

Next month, Lafarge will seek shareholder consent to transfer US$12m from its non-distributable

22 April 2010

West China Cement Issue of Equity

West China cement announces that it has issued 90,000 ordinary shares of 10 per cent each in the pursuant

22 April 2010

DG Khan posts quarterly loss, Pakistan

DG Khan Cement, Pakistan’s second largest producer of cement, posted a net loss in the third quarter

22 April 2010

Oman: Raysut posts lower earnings in first quarter

Ruysut Cement, Oman’s largest cement producer, reported a 32 per cent decline is sales revenue for the