Cement News: Corporate

15 December 2009

Shree Cement to treble power share in sales

Shree Cement is targeting a three-fold increase in the contribution of the power business

14 December 2009

Fitch: negative outlook for European building materials expected to stabilise in 2010

Fitch Ratings says today that although the majority of Fitch-rated European building materials (EBM)

14 December 2009

Saudi Arabian Cement CEO to step down in January

Saudi Arabian Cement Company’s chief executive Muhammad Uthman has resigned and will be replaced

14 December 2009

Binani leads gains in India cement company shares

Binani Cement Ltd., an Indian manufacturer of the building material, rose to its highest level in more

RTM Group may loss assets 14 December 2009

RTM Group may loss assets

On December 10, 2009 RTM development group informed its shareholders (among them co-owners of

11 December 2009

Saudi Arabian Cement Co 9 month net profit down

Arabian Cement Company (ACC) registered a decline in its net profit for the first

Cemex to issue MXN4.1B convertible bonds 11 December 2009

Cemex to issue MXN4.1B convertible bonds

Cemex will issue MXN4.1bn (US$320m) in convertible bonds Thursday in exchange for local notes held

10 December 2009

Analysts see two new drivers for Cimpor’s stock

Market analysts see two new drivers for the stock of Portuguese cement producer Cimpor they said

09 December 2009

Citadel cuts back on ASEC

Citadel Capital a leading private equity firm in the Middle East has announced it has partially exited

09 December 2009

Rajawali offers to sell 25.2% Gresik Stake

PT Rajawali Corp. is offering to sell its 25.2% stake in cement producer PT Semen Gresik for

08 December 2009

Cemex’s debt costs to rise in bond sale

Cemex Chief Executive Officer Lorenzo Zambrano is ready to pay higher rates to avoid spending limits

08 December 2009

Lafarge sells EUR750m of debt as rates fall

Lafarge SA sold EUR750m (US$1.1bn) of 10-year notes, bringing its borrowing in the bond market this

08 December 2009

Taiheiyo Cement downgrades FY net profit forecast

Taiheiyo Cement Corp decreased full-year net profit forecast from JPY8.5 billion to a loss of JPY4.5

07 December 2009

Cementos Portland sells stakes in three South American firms

Spanish cement producer Cementos Portland Valderrivas disposed of its stakes in three South American

04 December 2009

Cemex seen issuing US$1bn in 7-Year bonds

Cemex SAB de CV will likely issue at least $1 billion in seven-year bonds offering a yield around 10%

03 December 2009

FCC plans bond placement in early 2010

Spanish construction company Fomento de Construcciones y Contratas SA expects to carry out a bond