Cement News tagged: Corporate
Consolidation on the cards: Fitch report
In its outlook released today, Fitch Ratings has said that with depressed valuations and smaller players getting realistic about their expectations, some more consolidation in the industry is on the c
Gresik planning to acquire foreign cement company
PT Semen Gresik has appointed Credit Suisse as its financial advisor with regard to its foreign acquisition plan.
Dalmia Dec quarter net falls by over 75%
Dalmia Cement (Bharat) Ltd on Thursday said net profits for the December quarter were dragged down by more than 75 per cent
Binani Cement 3Q net profit falls
India’s Binani Cement Ltd said Friday its third-quarter net profit fell to INR84.9m from INR539.5m a year
TPI Polene swings to 2008 net loss
TPI Polene of Thailand said Thursday it swung to a net loss of THB5.45bn (US$56.1m) in 2008 from a net profit of THB2.33bn
Madras Cements 3Q net profit falls
India’s Madras Cements Ltd said Thursday its fiscal third-quarter net profit fell 43%
Cemex successful completion of refinancing
Cemex announced that it has successfully completed its refinancing plan.
Siam Cement posts quarterly loss
Siam Cement, Thailand’s fourth- largest publicly traded company, posted the first quarterly loss in eight
Cemex seeks US$2bn from asset sales
Cemex has confirmed that it aims to nearly double the amount raised from asset sales to more than US$2bn this year and use the proceeds to pay down its hefty debt.
Boral profit forecast by one third
Weaker construction markets in the USA, Asia and Australia has led to Boral reducing its profit guidance for the year to the end of June from Aus$200m to Aus$120m.
Fitch: negative outlook for European building materials sector
Fitch Ratings says the 2009 credit outlook for European building materials (EBM) companies is Negative,
HeidelbergCement delays 2008 report to February
HeidelbergCement AG has put off the release of its figures for full 2008 to the second week of February,
TPI sees setback in bid to delay fine, Thailand
TPI Polene Plc, the country’s third-largest cement maker, has had its petition to suspend payment of a THB6.9bn fine rejected by the Appeal Court,
Cemex drops after S&P reduces credit rating to junk
Cemex fell to the lowest in a month after Standard & Poor’s cut its credit rating to below investment grade
Saudi Cement Q4 profit down 21 per cent
Saudi Cement Company said the fourth-quarter profit fell 21 per cent to SAR131.7m (US$35.12m) after a government ban on exports.
Cemex loses investment grade as S&P cuts rating
Standard & Poor’s cut its credit rating for Cemex to junk status Wednesday, citing expectations that deterioration in key markets will hurt its cash flow.