Cement News tagged: Corporate
HeidelbergCement upgraded to ‘Ba1’ by Moody’s
Moody’s Investors Service raised HeidelbergCement’s Corporate Family rating to ‘Ba1’ from ‘Ba2‘ and the senior unsecured long term rating to ‘Ba2’ from ‘Ba3
Shree swings to quarterly profit
Shree Cement Ltd reported a net profit of INR66 crore (INR660m) for the quarter ended on March 31, 2011.
JK Cement revenues surge
JK Cement (India) announced the company’s Q4 FY11 revenues were up 27% at INR680 crore (INR6.8bn)
Lafarge capital increase
Lafarge has announced a share capital increase reserved for the eligible employees of companies participating in the Lafarge Group Savings Plan.
Merckle Group builds stake in HeidelbergCement
The Merckle Group has acquired more than 400,000 shares in German cement maker HeidelbergCement amounting to over
Hoang Mai Cemen to Buy Back 2M Shares
Hoang Mai Cement JSC (HOM), listed on the Hanoi Stock Exchange, plans to buy back two million shares
Debt concerns driving asset sell-offs among European players
FCC’s plan to sell its US cement subsidiary Cementos Portland Valderrivas is part of the Spanish
YTL posts higher 3Q pre-tax profit, Malaysia
YTL Cement Bhd posted a higher pre-tax profit of MYR127.258m (US$4.4m), for the third quarter ended
Lafarge selects few bids for plaster business
Lafarge has chosen a handful of bids, including those of investment funds Cinven and Bain Capital, for its plaster unit Lafarge Gypsum
CI Capital cuts Sinai Cement rating to Hold
CI Capital cut Sinai Cement by 29%, to EGP53/share, leaving 17% upside potential and downgraded its recommendation from Strong Buy to Hold.
Lafarge Malayan Cement pre-tax profit rises
Lafarge Malayan Cement Bhd’s pre-tax profit increased by 21 per cent to MYR69m (US$22m) in the first quarter ended March 31, 2011
Bim Son Cement first-quarter net profit, Vietnam
Bim Son Cement JSC (BCC), listed on the Hanoi Stock Exchange, made a net profit of VND22.88bn (US$1.12m
China Shanshui: Sold US$400m bond, China
China Shanshui Cement Group Co Ltd has sold a US$400m five-year global dollar bond at par to yield 8.50%
BoF-Merrill Lynch upgrades Lafarge’s rating to "buy"
Bank of America-Merrill Lynch upgraded French cement maker Lafarge (EPA:LG) to "buy" from "neutral",
Italcementi unit approves cap hike for EUR51m
Italian Calcestruzzi, a unit of Italcementi, has given the green light to a recapitalisation of EUR50.8m (US$72.5m),
Anhui Conch to issue CNY9.5bn corporate bonds??
Anhui Conch Cement plans to issue CNY9.5bn worth of corporate bonds, including CNY5bn (US$768m)