Cement News: Corporate

29 November 2009

Holcim Apasco expecting US$73mn from accounts receivable securitisation

Holcim Apasco, a subsidiary of Holcim, expects to raise up to 950mn pesos (US$73.1m) from a

27 November 2009

Significant fall in Cimpor 9-month profits

Cimpor’s turnover for the first nine months emerged 0.3% lower at €1565m, but, thanks to a 1.6%

27 November 2009

Banca IMI, Deutsche Bank to lead Buzzi Unicem’s bond issue

Banca IMI and Deutsche Bank will act as joint lead managers and joint bookrunners of Italian cement

27 November 2009

ING starts covering Italcementi with "hold"

Analysts at ING have started coverage of Italian cement maker Italcementi with a "hold" recommendation

Kuwaiti Hilal Cement 9-mo net profit drops 27 November 2009

Kuwaiti Hilal Cement 9-mo net profit drops

The net profit of Kuwaiti cement producer Hilal Cement) declined to KWD315,100 (US$1.1m) for the

26 November 2009

Cimpor’s profits boosted by derivatives trading

Cimpor’s turnover for the first nine months emerged 0.3% lower at €1,565.0m, but, thanks to a 1.6%

Peru’s Cemento Andino to get US$162m loan for expansion 26 November 2009

Peru’s Cemento Andino to get US$162m loan for expansion

Peru’s Cemento Andino will receive a US$162m loan to increase cement-production capacity, the

26 November 2009

Saudi Yamama Cement 9-month net profit down

Saudi cement producer Yamama Cement Company registered a 17% YoY decline in its net profit for the

24 November 2009

TXI cement shipments to remain under pressure

Analysts at KeyBanc Capital Markets maintain their “hold” rating on Texas Industries Inc (TXI).

24 November 2009

Strabag says Deripaska won’t buy back stake in 2009

Russian oligarch Oleg Deripaska, who crashed from the top of Russia’s rich list during the credit crisis,

23 November 2009

UltraTech Cement up 11 per cent in six days

UltraTech Cement rose 2.10 per cent to INR807.60 at 11:29 IST on BSE

20 November 2009

Cemex falls 3.5% on high volume falling for a third consecutive day, a three day fall of 6.8%

Cemex fell 41.0 cents (or 3.5%) on high volume to close at US$11.18.

20 November 2009

CRH dips 0.4% on high volume

CRH, the 4th largest Construction company by market capitalisation

20 November 2009

’Very complex’ merger cements Amarchand, Aditya Birla

Amarchand Mangaldas Mumbai has advised Aditya Birla Group in the series of mergers

20 November 2009

East Africa Portland Shareholders Back Bond Sale, Nation Says

Shareholders of East African Portland Cement Co, Kenya’s second-biggest maker

19 November 2009

Vicat Sagar Cement plant to tie up fund by January

Vicat Sagar Cement Limited (VSCL), a 51: 49 per cent joint venture between France-based Vicat and