Cement News tagged: Corporate
TransCreditBank opens RUR500m facility for cement plant
TransCreditBank has opened a RUR500m (€12.45m) credit line for Topkinsky Cement, part of the Siberian Cement group
Emerging markets to support Sinoma’s earnings - UOBKH
Analysts at UOB KayHian says Sinoma is not a pure cement player, noting that cement engineering accounts for 58% of its revenue; it says Sinoma is expanding into new businesses through JVs
Taiheiyo Cement maintains net profit forecast
Taiheiyo Cement Corp maintained a full-year net profit forecast of JPY4bn (US$48.4m) after worsening net loss from
TPI Polene: 2010 Revenue Higher Than 2009
Thai cement maker TPI Polene, said Tuesday that revenue this year should be higher than 2010 due to strong demand for cement
Bank increases participation in Cimpor
Caixa Geral de Depósitos (CGD) and its subsidiary Companhia de Seguros-reinforced participation in Cimpor between August 6 and December 30 last year.
Cemex posts huge net loss for 2010
Cemex’ turnover declined by 3.3% in 2010 to US$14,069.4m, while in Mexican peso terms the turnover came down rather more, or by 9.9%. EBITDA was down by 12.9% to US$2313.8m and the trading profit fell
Cimentos Liz applies to hold IPO, Brazil
Brazilian cement company Cimentos Liz has filed a request with securities regulator CVM to hold an IPO on the São Paulo stock exchange Bovespa,
Italcementi’s Asian volumes improve
Italcementi’s turnover declined by 4.3% last year, or by 6.6% on a comparable basis to €4,790.9m, of which consolidated Italian operations contributed €619.6m, a reduction of 15.2%.
Exane, Jefferies lift share price targets on Buzzi Unicem
Exane and Jefferies revised up their share price targets on Italian cement producer Buzzi Unicem.
Sri Lanka cement firm rated ’A’ by RAM Ratings
Sri Lanka’s Tokyo Cement Company (Lanka) Ltd has been rated ’A’ by Ram Ratings on its strong market position and balance sheet a
Japanese producers’ FY10 Op profits likely to top forecasts
Japanese cement producers Taiheiyo Cement Corp and Sumitomo Osaka Cement Co are both on track to beat their consolidated operating profit projections
Cemex plans major share issue
Cemex said on Friday it would propose issuing up to 6 billion new shares to raise funds to pay its hefty debt, more than investors expected, prompting a slide in its stock price.
Attock Cement profit declines
The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to PKR235.101m in the half-year period ended December 31, 2010
Morgan Stanley cuts Lafarge rating to "equal-weight"
Morgan Stanley has downgraded its rating on Lafarge to "equal-weight" from "overweight", although it raised its share price target to EUR 53 from EUR 50.40.
Chaodong expects eight-fold rise in 2010 profit
Anhui Chaodong Cement predicts its net profit for fiscal year 2010 jumped eight-fold, according to a company filing
Demerged Dalmia Bharat makes listing debut, India
Dalmia Bharat Enterprises Ltd (DBEL), the demerged cement and power business of Dalmia Bharat Sugar & Industries (formerly Dalmia Cement Bharat) swung between