Cement News tagged: Corporate
Cemex heads for more debt refinancing
Four years after Cemex’s biggest-ever acquisition, the Mexican cement maker is still not generating enough cash flow to pay down its debts and
Fujairah Cement faces challenging future
UAE-based Fujairah Cement Industries Company (FCI) has declared its 1Q11 results recording net loss of AED2.6m (US$437,874) in 1Q11
Thailand’s Siam City Cement: 1Q11 earnings a four-year record
Siam City Cement (SCCC) has announced strong 1Q11 earnings of THB1160m (EPS Bt4.85), the highest in four years,
China Shanshui seeks to sell US$300m-500m dollar bond
China Shanshui Cement Group Co is seeking to sell a US$300m-$500m global dollar bond with a yield of
Vulcan declares quarterly dividend on common shares
The Board of Directors of Vulcan Materials Company at a regular meeting declared a quarterly dividend of
National Cement posts nine-month rise, Egypt
Egypt’s National Cement posted a 21 per cent rise in nine-month profit to EGP257.2m (US$43m)
Kuwaiti Hilal Cement 1Q net profit rises, Kuwait
Kuwaiti cement producer Hilal Cement said in a bourse filing its net profit rose to KWD 390,310 (US$1.4m)
Buzzi Unicem reports first-quarter advances
Buzzi Unicem has reported a favourable start to the year with first-quarter advances in volumes, turnover and EBITDA as milder winter weather boosts shipments.
Misr Beni Suef net profit falls, Egypt
Egypt’s Misr Beni Suef Cement has reported a 37.3% fall in first-quarter net profit to
Eurocement likely to hold IPO, Russia
Eurocement Group, owned by Filaret Galchev, is likely to hold an IPO late 2011 or early 2012
Taihieyo’s full-year net turnaround, Japan
Taiheiyo Cement Corp improved net loss from JPY37bn to a profit of JPY5.2bn (US$64m) on revenue
Lafarge’s plaster unit attracts 10 potential buyers
Some 10 sector companies and investment funds have shown interest in the acquisition of Lafarge’s plaster unit Lafarge Gypsum, local press report.
CNBM to benefit from capacity elimination
Selective China cements stocks are outperforming with China National Building Material rising
Lafarge divests to pay down debt – what’s next?
Lafarge is on track to meet its 2011 debt reduction target of €2bn following the announcement of the sale of its cement and concrete assets in the southeast United States to the Colombia-based conglom
Anhui Conch Cement approved by regulator, China
Anhui Conch Cement Co announced yesterday that it was approved by China Securities Regulatory
Misr Cement Qena 1Q net profit dips 11.2%, Egypt
Egypt’s Misr Cement Qena reported that first quarter net profit fell 11.2 per cent YoY, the stock exchange said on Wednesday.