Cement Industry News tagged under: Corporate

06 January 2011

Dangote capitalisation hits NGN2.1trn

Companies under the Dangote Group listed on the Nigerian Stock Exchange (NSE) closed 2010 with a market capitalisation of

05 January 2011

Shuangma Cement 2010 net profit forecast

Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY

05 January 2011

Shuangma Cement 2010 net profit forecast

Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY

05 January 2011

Cemex sells US$1bn in seven-year bonds

Cemex sold US$1bn in seven-year bonds at a yield of 9.125 per cent on Tuesday, IFR said, to help pay 2012 debt and avoid a repayment bottleneck.

CRH second-half development update 05 January 2011

CRH second-half development update

CRH announces second-half 2010 development initiatives of €0.37bn bringing total 2010 acquisition and investment spend to €0.54bn.

05 January 2011

Oman’s Raysut Cement completes Pioneer acquisition, UAE

Oman’s Raysut Cement Company has acquired the United Arab Emirates’ (UAE) Pioneer Cement for US$172m

Cemex says it made US$100m debt prepayment 05 January 2011

Cemex says it made US$100m debt prepayment

Cemex said Tuesday that it made a US$100m voluntary prepayment on refinanced debt last month, reducing the amount it has to amortisze in June 2012.

03 January 2011

Vietnam Cong Thanh Cement sells bonds

Cong Thanh Joint Stock Company sold VND1.5 trillion (US$76.92m) worth of long-term secured corporate bonds in the domestic market on December 24 to raise fund for its cement project

03 January 2011

Raysut plans for Pioneer deal

Raysut Cement Company, Oman’s largest producer, is pushing ahead with a US$172m deal to buy a UAE competitor. The acquisition of Pioneer Cement, a joint venture set up between Ras al Khaimah Inv

03 January 2011

Foreign investor in Huaxin Cement share buy

Huaxin Cement Company, China has announced that its foreign shareholder Gaoling Fund, L.P bought an additional 155,300 US dollar denominated B shares or a 0.04% stake in the company through the tradin

03 January 2011

Shree Cement to increase coal imports

Shree Cement Ltd. may buy 3.5Mt of imported thermal coal for delivery in the year ending March 2012, India Coal Market Watch reported, citing an unidentified company official. The Kolkata, India-based

31 December 2010

Yanbu Cement Q4 results show promise

Saudi Arabian producer, Yanbu Cement posted a 23% rise in net profit for the fourth quarter compared to the same period last year and 7.4% up against the third quarter, though full-year results saw

31 December 2010

ABC firms up sales contracts in lime

Australia’s Adelaide Brighton Cement has resolved some of the uncertainty surrounding its major sales contracts in lime and cement. Firstly the deal to supply lime to a local alumina producer cove

31 December 2010

Bharathi Cement announces second line start-up

Bharathi Cement has announced that Line No.2 at its Andhra Pradesh works in India has started production as per the original schedule in December 2010 pushing up capacity from 2.5Mta to 5.0Mta. The pl

30 December 2010

Holcim’s newest US plant illustrates cement economics

Given current US market conditions, the recently commissioned Ste. Genevieve plant on the Mississippi will be hard-pressed to generate adequate returns for the foreseeable future. However, now that th

30 December 2010

India’s Shree Cement fails to power up

Analysts at LKP have downgraded Shree Cements to underperformer in its December 28, 2010 research report. A laggard performance from its power division has been due to extended monsoons reducing