Cement Industry News tagged under: Corporate

23 June 2010

Alex Cement says rights issue nearly covered, Egypt

Egypt’s Alexandria Cement said on Tuesday it had almost covered a E£2.45bn (US$442.2m) rights issue

23 June 2010

Fujian reports losses due to heavy rains, China

Chinese producer, Fujian Cement suffered losses of more than CNY20m due to the heavy rains on June

23 June 2010

HeidelbergCement to pay extra to sell high-yield bond

HeidelbergCement is paying a premium to sell high- yield bonds as corporate-debt sales start to revive

23 June 2010

Merrill Lynch keeps ‘buy’ rating for HeidelbergCement

US investment bank Merrill Lynch has set its classification for Heidelberg Cement to "Buy" with a target

HeidelbergCement seeks revival with cost cuts 22 June 2010

HeidelbergCement seeks revival with cost cuts

HeidelbergCement said it aims to revive profit with spending reductions and by adding plants in emerging markets such as India, Indonesia and Bangladesh.

22 June 2010

Direct manage investments to buy into Jidong Cement

Direct Manage Investments Ltd plans to spend CNY1.91bn

Grasim: more berated than re-rated 22 June 2010

Grasim: more berated than re-rated

The company has a strong record of profitability and growth

21 June 2010

Madras Cements: Value pick for long term

Madras Cements, a leading player in the southern market, has been grappling

21 June 2010

Offers to Tokyo Cement shareholders

Sri Lanka’s Tokyo Cement recently announced that it would be proposing to its existing

18 June 2010

Court upholds Lafarge antitrust fine

The European Court of Justice confirmed yesterday a fine of EUR 249.6 million (USD308.7m) imposed

18 June 2010

China Resources obtains HK$1bn loan

China Resources Cement said it has obtained a HK$1 billion 3-year term loan facility with a syndicate of

17 June 2010

Binani Cement announces buy back, India

Binani Cement through Keynote Corporate Services made an announcement to the shareholders

15 June 2010

PPC Zimbabwe appoints Sternford Moyo to its board of directors?

Portland Holdings Limited (PPC Zimbabwe) announces the appointment of Mr Sternford Moyo to its board

15 June 2010

Cemex concerns on missing out on mergers

Cemex is concerned that its efforts to cut debt will mean sitting out the next round of industry

10 June 2010

Nigeria’s Ashaka Cement 2009 profit, turnover fall

Nigeria’s Ashaka Cement said on Wednesday its pre-tax profit fell just over 30 per cent to NGN2.36bn last

10 June 2010

Goldman Sachs lifts rating on Danish FLSmidth to "buy"

Goldman Sachs has upgraded the recommendation on Danish cement and minerals system supplier