Corporate

28 January 2009

Siam Cement posts quarterly loss

Siam Cement, Thailand’s fourth- largest publicly traded company, posted the first quarterly loss in eight

27 January 2009

Fitch: negative outlook for European building materials sector

Fitch Ratings says the 2009 credit outlook for European building materials (EBM) companies is Negative,

26 January 2009

HeidelbergCement delays 2008 report to February

HeidelbergCement AG has put off the release of its figures for full 2008 to the second week of February,

23 January 2009

Cemex drops after S&P reduces credit rating to junk

Cemex fell to the lowest in a month after Standard & Poor’s cut its credit rating to below investment grade

23 January 2009

TPI sees setback in bid to delay fine, Thailand

TPI Polene Plc, the country’s third-largest cement maker, has had its petition to suspend payment of a THB6.9bn fine rejected by the Appeal Court,

22 January 2009

Cemex loses investment grade as S&P cuts rating

Standard & Poor’s cut its credit rating for Cemex to junk status Wednesday, citing expectations that deterioration in key markets will hurt its cash flow.

22 January 2009

Saudi Cement Q4 profit down 21 per cent

Saudi Cement Company said the fourth-quarter profit fell 21 per cent to SAR131.7m (US$35.12m) after a government ban on exports.

21 January 2009

Mangalam Cement announces buy-back

Mangalam Cement through VC Corporate Advisors made an announcement to the equity shareholders and beneficial owners of the company to buy-back a minimum

20 January 2009

TPI Polene sees return to profit in ’09

Thailand’s third-largest cement maker, said on Tuesday lower costs would drive a return to profit in 2009,

20 January 2009

Ssangyong Cement staff agree salary cut

Ssangyong Cement on Monday said all executives and staff will voluntarily return

20 January 2009

Mangalam Cement up on buy-back approval, India

Mangalam Cement rose 5.07 per cent to Rs 52.80 on Monday as the board approved a buy-back at a

19 January 2009

FLSmidth to announce reduction in workforce

Despite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to

19 January 2009

FLSmidth to announce reduction in workforce

Despite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to

19 January 2009

Yamama and Tabuk cement saw Q4 profits fall

Two Saudi Arabian cement producers profit fell in the fourth quarter of 2008 on lower sales volumes following a government decision to ban exports, according to reports from Reuters.

19 January 2009

Asia Cement (China) Holdings IPO Wins Regional Awards

The major integrated cement producer in the Central Yangtze River Region and the Sichuan Region, Asia Cement (China) Holdings Corporation’s initial public offering (IPO)

19 January 2009

Semen Gresik relies on internal cash

PT Semen Gresik Tbk allocated internal cash worth IDR2.1-2.5 trillion to cover the US$371 million capital expenditure in 2009.