Cement News tagged: Corporate
Venezuelan government approves loan for cement plants
Venezuelan President Hugo Chávez has announced that his government has given its approval for a loan of
Cimsa to seek arbitration over GCC’s sale of Soboce stake
Bolivian investment holding Cimsa, the majority shareholder of the Bolivia’s largest cement firm, Soboce,
Asia Cement to meet investors on bond issue plan
Asia Cement (China) Holdings Corp is meeting with investors starting Tuesday on a proposed yuan bond
Citi cuts Holcim price target after weak 1H
Citi cuts Holcim’s price target to CHF48 from CHF60 (EUR42 from EUR52.6), citing market turbulence
China cement sector now more consolidated
Daiwa Securities says that compared with previous downcycles, the China cement industry is now more consolidated
Sinoma first-half net profit rises
Sinoma International Engineering recorded a 17.29 per cent YoY increase in interim net profits to
Shanshui, building material stocks fall on tightening concerns
China Shanshui Cement Group fell in Hong Kong trading, leading other construction companies lower, o
China National Buidling Materials to sell four companies
China National Building Material intends to sell four cement companie
East Africa Portland Cement seeks capital, Kenya
Kenya’s East African Portland Cement is concerned rising production costs will shrink profit this year as it seeks to raise capital through
GCC sells stake in Bolivia’s Soboce
Grupo Cementos de Chihuahua (GCC) said it had finalized the sale of its 47 per cent stake in Bolivian
Siam Cement to issue bonds, Thailand
Siam Cement said Monday its board has approved a plan to issue up to THB10bn (US$335.3m) worth of
Mozambique’s Grupo Insitec to keep small stake in Cimentos de Nacala
Mozambican group Insitec will own one per cent of Cimentos de Moçambique, a subsidiary of Cimpor,
Saudi Yanbu Cement 1H net profit rises
Saudi cement producer Yanbu Cement Co (YCC) said its net profit for the first half of 2011 rose 6.1% YoY
FLSmidth 2Q dented by Libyan unrest
FLSmidth kept its full-year guidance unchanged when reporting a surprise drop in second-quarter profit,
TPI Polene significant rise in net profit, Thailand
Thai conglomerate, TPI Polene (TPIPL), reported a 2Q11 net profit of THB1.7bn, +405% YoY and +67%
Adelaide Brighton net profit down 10.6%
Adelaide Brighton reported a 10.6 per cent decline in fiscal first-half net profit to A$61.5m from A$68.8m