Cement News: Corporate

13 October 2009

HeidelbergCement to sell EUR1bn of bonds

HeidelbergCement AG said it plans to sell at least EUR1bn (US$1.47bn) of five- and seven-year bonds to refinance borrowing in its first note issue in almost two years.

13 October 2009

Cemex debt restructuring may trigger CDS payments

A recent debt restructuring by Cemex may trigger around US$600m in payments on credit default swaps

12 October 2009

JP Morgan maintains ’Overweight’ rating on Ultratech Cement

JP Morgan maintains the ’Overweight’ rating on Ultratech Cement with a revised target price of Rs 950.

12 October 2009

JPMorgan Chase raises stake in China Shanshui Cement

US-based financial holding company JPMorgan Chase & Co recently raised its shareholding in China

S&P lifts corporate credit, debt ratings for Cemex 10 October 2009

S&P lifts corporate credit, debt ratings for Cemex

Standard & Poor’s Ratings Services said Thursday it raised its long-term corporate credit and senior

09 October 2009

East Africa Portland Cement plans to sell bonds

East Africa Portland Cement Co., Kenya’s second-largest cement maker, plans to issue a convertible bond

Hanson & Hawaiian Rock partnership, Guam 08 October 2009

Hanson & Hawaiian Rock partnership, Guam

Hanson Permanente Cement of Guam and Hawaiian Rock Products have formed a strategic alliance

08 October 2009

Saudi’’s Yanbu Cement Q3 profit drops 20%

Saudi Arabia’s Yanbu Cement Co. posted an almost 20 per cent drop in third-quarter net profit due to

08 October 2009

Mexico’s Peso Gains as PRI Seeks More Spending Cuts in 2010

Mexico’s peso gained for a fourth day as lawmakers from the Institutional Revolutionary Party said they

08 October 2009

Saudi Qassim Cement plans bonus share issue

Saudi Qassim Cement has announced plans to offer its shareholders one bonus share for each existing stock

08 October 2009

Fitch raises Martin Marietta Materials’ rating

Fitch Ratings has affirmed the ratings of Martin Marietta Materials, Inc. as follows:

07 October 2009

HeidelbergCement to launch high-yield bond

HeidelbergCement AG will launch a high-yield bond of more than EUR1bn (US$1.47bn) early next week

07 October 2009

Prism Cement Q2 profit rises over two-fold

Prism Cement on Tuesday reported a rise of over two-fold in its net profit for the second quarter ended

05 October 2009

Tabuk first half decline, Saudi Arabia

Saudi cement producer Tabuk Cement Company (TCC) registered a decline in its net profit for the first

05 October 2009

CR Cement prices shares at high end of range

China Resources Cement Holdings has priced its shares at the high end of the offer range at HK$3.90 each.

05 October 2009

Akermann CEO: liquidity needs met

Holcim Ltd.’s liquidity needs have been met with recent refinancing efforts, and the firm doesn’t plan any