Cement News tagged: Corporate
BBMG rises on plans to list through merger, China
Shares of BBMG Corp rose 3.7 per cent to HK$11.10 yesterday after the mainland cement producer issued its prospectus on its plans to list in Shanghai through a merger.
Saudi Cement reports increase of 13.2% in annual net profits
Saudi Cement announced the preliminary 2010 results, which showed net profit of US$175.8m, compared to US$155.3m in 2009
TCL to suspend debt servicing as group restructures
Trinidad Cement Limited (TCL) said Monday that it will cease paying its debts until a new turnaround plan is crafted and agreed to by lenders and investors in the company.
Sberbank to control largest producer in Novosibirsk, Russia
Sberbank has appealed to the Russian Federal Antimonopoly Service for approval in its bid to receive a 51 per cent stake in Iskitimcement
Cemex to issue US$1bn in bonds
Cemex plans to issue US$1bn in junk bonds to help pay down debt, the company said late Tuesday.
Wagners seeks listing plans, Australia
Director and co-owner Denis Wagner said that Wagners is seeking a sharemarket listing in 2012 to increase its capital base and improve its position for acquisitions.
Qassim Cement net slips, Saudi Arabia
Qassim Cement Company saw net profits for the fourth quarter and the year overall fall, as the company struggles in a tighter market
Exane starts coverage of Italcementi
Analysts at Exane launched coverage on cement maker Italcementi with a EUR-5.50 share price target and
JP Morgan upgrades Anhui Conch
JPMorgan upgrades Anhui Conch of China to Overweight from Neutral after the company issued a profit alert earlier this week
Credit Suisse hikes Swiss Holcim’s price target
Credit Suisse increased today the share price target on Holcim to CHF 64 (EUR49.9) from CHF58 but did not change the "underperform" rating.
West China Cement mulls guaranteed senior notes issue
West China Cement said it proposes to conduct an international offering of guaranteed senior notes and will commence a
Eastern Province fourth-quarter up 66%, Saudi Arabia
Saudi Arabia’s Eastern Province Cement said Monday its fourth-quarter net profit soared 66 per cent to SAR83m (US$22.1m)
Saudi Tabuk Cement names al-Shatri board chairman
The management board of Saudi cement producer Tabuk Cement Company (TCC) appointed at a meeting on Sunday Khaled bin Saleh al-Shatri board chairman.
HeidelbergCement: plans measures to improve cash flow
HeidelbergCement announced the launch of its new three-year financial and operational excellence programme: “FOX 2013”.
Saudi Arabia: Yamama Cement profits rises 10 per cent
Yamama Cement posted a 10 per cent increase in its fourth quarter net profits, the company said in a bourse statement on Saturday.
Indonesia Semen Baturaja to sell 30 per cent stake via IPO-official
PT Semen Baturaja, an Indonesian state-owned cement maker, plans to sell a stake of about 30 per cent via initial public offering