Cement News tagged: Corporate
Cemex cut to underperform by Credit Suisse
Credit Suisse cut its rating on shares of Cemex to underperform from outperform Monday, pointing to a
Moody’s Sparks West China Cement fall on ‘Red Flags’ report
Moody’s Investors Service cited five Chinese companies as having more “red flags” on corporate governance than others it examined, sending shares of West China Cement Ltd. to a record decline.
Qassim sees 6.55% second quarter rise, Saudi Arabia
Qassim Cement Company said net profits for the second quarter will reach US$38.56m (SAR144.6m),
Saudi Arabia: Yanbu Cement expects second-half increase
Yanbu Cement Company expects net profits for the second quarter and the half year to be higher than last
UBS trims stake in Buzzi Unicem
Swiss bank UBS AG has reduced its stake in Italian cement maker Buzzi Unicem to
Shanshui Cement mulls senior notes issuance, China
China Shanshui Cement said it proposes to commence an international offering of senior notes and would
Pretoria Portland Cement to appoint new CFO, South Africa
Pretoria Portland Cement Company will appoint Tryphosa Ramano as Chief Financial Officer
Regulator approves sale of an Inteco plant
Russia’s Federal Anti-trust Service (FAS) said it has approved the sale of 100% of shares of
Cemex offering revival sparked by Europe rebound
Cemex SAB, the largest cement maker in the Americas, has become the biggest Mexican issuer of debt overseas this year after an easing of the European debt crisis allowed the company to revive a sale i
South Africa: PPC appoints new CFO
Pretoria Portland Cement has appointed Tryphosa Ramano as chief financial officer and executive director from 1 August, it said on Thursday.
China Cement stocks rally and Asia Cement forecasts 350% surge in 1H11 profit
Hong Kong-listed China cement stocks extended their rally in the afternoon, with sector leaders Anhui Conch Cement and China National Building Material setting 52-week highs.
Sichian Shuangma Cement Co Ltd to acquire 25% stake in Lafarge Dujiangyan Cement
Sichian Shuangma Cement Co Ltd, a producer and distributor of cement and electric power, is planning to acquire a 25% stake in cement manufacturer Lafarge Dujiangyan Cement Co Ltd.
CRH plc 1H11 development strategy update
CRH plc, the international building materials group, today announces 21 acquisition and investment initiatives, totalling approximately €200m (US$287m) undertaken during the 1H11 as part of its contin
India: Prism Cement to raise INR1bn via bonds
Prism Cement plans to raise INR1bn (US$22.5m) via two-, three- and four-year bonds, a source with knowledge of the deal told Reuters on Tuesday.
Binani to seek strategic investor in cement
The diversified commodity player Binani not only plans to relist Binani Zinc in about two years, but also bring in a foreign strategic investor into the recently-delisted Binani Cement around that tim
India’s UltraTech Cement June shipments up 2%
India’s largest cement producer, UltraTech Cement, said shipments in June rose an annual 2% to 3.22Mt.