Cement News tagged: Corporate

Consolidation on the cards: Fitch report

03 February 2009, Published under Cement News

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

02 February 2009, Published under Cement News

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%

30 January 2009, Published under Cement News

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

30 January 2009, Published under Cement News

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 swings to 2008 net loss

29 January 2009, Published under Cement News

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

29 January 2009, Published under Cement News

India’s Madras Cements Ltd said Thursday its fiscal third-quarter net profit fell 43%

Cemex successful completion of refinancing

Cemex successful completion of refinancing

29 January 2009, Published under Cement News

Cemex announced that it has successfully completed its refinancing plan.

Siam Cement posts quarterly loss

28 January 2009, Published under Cement News

Siam Cement, Thailand’s fourth- largest publicly traded company, posted the first quarterly loss in eight

Cemex seeks US$2bn from asset sales

28 January 2009, Published under Cement News

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

28 January 2009, Published under Cement News

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

27 January 2009, Published under Cement News

Fitch Ratings says the 2009 credit outlook for European building materials (EBM) companies is Negative,

HeidelbergCement delays 2008 report to February

26 January 2009, Published under Cement News

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

23 January 2009, Published under Cement News

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

23 January 2009, Published under Cement News

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

22 January 2009, Published under Cement News

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

22 January 2009, Published under Cement News

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.