Cement News: Corporate

31 March 2010

HeidelbergCement seeks loan refinancing – report

HeidelbergCement is in talks with banks about a self-arranged loan that will refinance debt remaining

30 March 2010

YTL Corp on track to double first half sales, Malaysia

YTL Corp has said it is on track to nearly doubling its 2010 sales from last year’s US$2.6bn.

30 March 2010

Prism Cement: margins still of concern, India

Prism Cement recently received approval from the relevant authorities for the merger of two of its

29 March 2010

Cemex plans to issue 750m shares

Cemex said on Friday it will seek shareholder approval to issue 750 million shares, reports Reuters.

Egypt’s Sinai Cement to pay cash dividend 29 March 2010

Egypt’s Sinai Cement to pay cash dividend

Egypt’s Sinai Cement approved a dividend of E£4/share, the stock exchange said on Sunday.

29 March 2010

AMInvestment Bank to manage Lafarge Islamic debt issue

AMINVESTMENT Bank Bhd has been appointed as the principal adviser, lead arranger and lead

S&P cuts cement producer Texas Industries’ ratings 26 March 2010

S&P cuts cement producer Texas Industries’ ratings

Standard & Poor’s Ratings Services on Thursday lowered its corporate credit rating on cement producer

26 March 2010

Cimpor to vote on new board members - report

The general shareholders’ meeting of Cimpor scheduled for April 29 will elect new board members,

25 March 2010

Titan to sell 16% of Egyptian unit to World Bank

Greek cement maker Titan Cement said on Tuesday it had agreed to sell a 16% stake in its Egyptian

25 March 2010

Cemex sees net loss in 1Q10

Cemex said on Wednesday it sees a likely consolidated net loss in the first quarter of 2010 versus the

24 March 2010

Cemex plans convertible bond issue

Cemex said on Tuesday it plans to sell convertible bonds worth US$500m as part of a wider refinancing

24 March 2010

Rain Commodities to sell tax-free bonds

Rain Commodities Ltd plans to raise US$100m by selling tax-free bonds in two US states.

23 March 2010

Cimpor mulls Mario Lino nomination for chairman

Former Minister of Public Works, Transport and Communications, Mario Lino, may be one of the nominees

22 March 2010

Horta resigns as Cimpor chairman and CEO, Portugal

Ricardo Manuel Simões Bayão Horta has announced his resignation as Chairman and CEO of

22 March 2010

CSN still looking to acquire foreign cement assets

Steel producer CSN remains on the lookout for foreign cement assets to acquire,

22 March 2010

Asia Cement FY09 earnings may fall below forecast

Asia Cement (0743.HK) may fall, after reporting weaker-than-expected FY09 results; net profit +48.5%