Cement News: Corporate

06 August 2009

Qassim Cement to double capital to US$240m

Saudi cement producer Qassim Cement Co (QCC) has received approval from Saudi stock market

06 August 2009

Morgan Stanley, wary on stimulus impact, cuts CRH

Morgan Stanley on Wednesday cut its rating on Irish building-materials company CRH Plc to underweight

04 August 2009

Italcementi’s strongest volume falls in Spain, Italy and USA

Italcementi’s first half turnover showed an 11.6% reduction to EUR2,585.7m and the running EBITDA was down by 16.2% to EUR497.4m

04 August 2009

Dyckerhoff’s sharp volume drops in Ukraine, Russia & USA

Buzzi Unicem’s quoted subsidiary Dyckerhoff has reported a 32.4% drop in first half turnover to

Cemex may need to sell more assets 04 August 2009

Cemex may need to sell more assets

Cemex’s attempts at restructuring some US$15.5bn in debt may not be enough to stabilise its financial

04 August 2009

TCL profits down

Weak demand for cement products and the economic downturn around the Caribbean have chipped away

Holcim Indonesia reports 22% fall in net profit 04 August 2009

Holcim Indonesia reports 22% fall in net profit

PT Holcim Indonesia said net profits fell 21.78 per cent to IDR280bn (US$28m) in the first half of 2009

04 August 2009

Holcim prices A$500m 3-yr bond issue

The Australian unit of Holcim has priced A$500m (US$423m) in three-year notes at 335 basis points

03 August 2009

Cemex Says Bankers Agree to Waiver in Debt Proposal

Cemex said banks agreed to extend a covenant waiver to allow the company to complete a refinancing of

31 July 2009

Global recession continues to undermine Cemex

Cemex’ results continue to slide as global recession undermines second quarter results.

31 July 2009

Thailand’s TPI Polene (TPIPL): 2Q09 earnings

TPIPL reported a 2Q09 net profit of Bt840mn, turning from a net loss of Bt6.8bn in 2Q08 and up 109%

31 July 2009

Colombia’s Cementos Argos 1H profit up

Cementos Argos SA, Colombia’s biggest cement maker, reported profit rose 128 per cent in the first six

30 July 2009

Cemex Has 90% creditor support for refinance plan

Cemex has 90 per cent creditor support for a plan to refinance almost $15 billion of bank debt and is

30 July 2009

Siam Cement second quarter drop, Thailand

Siam Cement PCL reported a 5% drop in second-quarter profit on weaker sales, and warned that its

29 July 2009

Portland opts to hedge on loan over volatility, Kenya

East African Portland Cement Company has decided to hedge on a yen-denominated loan it got from the

29 July 2009

Strong sales lift Grasim net 61%

Grasim Industries, part of the Aditya Birla Group, has posted a 61% growth in consolidated net profit at