Cement News tagged: Corporate
National Cement mulls financing plans, Egypt
National Cement is intending to do without both World Bank and Egyptian Environmental Affairs Agency (EEAA) loans amounting to US$13.9m
Standard & Poor’s downgrades Titan
Standard & Poor’s Ratings Services said today that it lowered its long-term corporate credit rating on Greek producer (Titan) to ’BB-’ from ’BB’.
US Cement Shipments decline only 0.8% in March
US Geological Survey preliminary estimates indicate that US cement shipments in March 2011 were 0.8% lower than in March 2010, better than expected, according to
FLSmidth 1Q revenue dips, 2011 contracted cement capacity forecasts Denmark
Danish engineering group FLSmidth has reported a two per cent decrease in first-quarter revenue to DKK4385m as
National Cement first-quarter revenue falls, UAE
UAE-based National Cement Company said first-quarter revenue fell by 24% against the same period last year
Lafarge denies UK asset disposal
Lafarge has denied a report in the Financial Times that it and joint-venture partner Anglo American are lining up asset disposals to pay down debt
China Resources Cement positive guidance
China Resources Cement is up 3.3% at HK$7.54, after releasing positive guidance on its 1Q11 operating data
Siam Cement Group reports 34% 1Q profit gain
Thailand’s Siam Cement Group (SCG) registered 34% increase in net profit to
Cementir advances in Scandinavia and Turkey
Cementir increased turnover by 19.6% to EUR188.6m during the first quarter of the year, which is a more
Italcementi first quarter 2011 improves
Italcementi’s first quarter turnover improved by 9.7% to €1,153.2m, while the running EBITDA declined by 6.4% to €130.4m as the company reported advances in France, but declines in Egypt.
HeidelbergCement upgraded to ‘BB+’ by Fitch
Fitch Ratings raised HeidelbergCement’s long-term Issuer Default Rating (IDR) and the senior unsecured ratings to ‘BB+’ from ‘BB‘.
Shanshui mandates four banks for five-year non-call three bond
China Shanshui Cement has mandated Barclays Capital, Credit Suisse, Deutsche Bank and Standard Chartered
Outlook for Indian capacity utilisation levels
An interesting correlation has been made between Indian cement stocks and capacity utilisation rates: the higher the utilisation level in a company, the better its stock price
S&P rates China Shanshui Cement ’BB’, proposed notes ’BB-’
Standard & Poor’s Ratings Services (S&P) assigned its ’BB’ long-term corporate credit rating and
MI Cement makes upbeat debut, Bangladesh
MI Cement started its first trading day with positive note and was traded above the indicative price level at the Chittagong Stock Exchange (CSE) Sunday.
Anhui Conch Cement’s 1Q net profit up 179%
Anhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, announced Monday that its