Cement News tagged: Corporate

China cement sector now more consolidated

23 August 2011, Published under Cement News

Daiwa Securities says that compared with previous downcycles, the China cement industry is now more consolidated

Citi cuts Holcim price target after weak 1H

23 August 2011, Published under Cement News

Citi cuts Holcim’s price target to CHF48 from CHF60 (EUR42 from EUR52.6), citing market turbulence

Asia Cement to meet investors on bond issue plan

23 August 2011, Published under Cement News

Asia Cement (China) Holdings Corp is meeting with investors starting Tuesday on a proposed yuan bond

Cimsa to seek arbitration over GCC’s sale of Soboce stake

23 August 2011, Published under Cement News

Bolivian investment holding Cimsa, the majority shareholder of the Bolivia’s largest cement firm, Soboce,

Venezuelan government approves loan for cement plants

Venezuelan government approves loan for cement plants

23 August 2011, Published under Cement News

Venezuelan President Hugo Chávez has announced that his government has given its approval for a loan of

Mozambique’s Grupo Insitec to keep small stake in Cimentos de Nacala

22 August 2011, Published under Cement News

Mozambican group Insitec will own one per cent of Cimentos de Moçambique, a subsidiary of Cimpor,

Siam Cement to issue bonds, Thailand

Siam Cement to issue bonds, Thailand

22 August 2011, Published under Cement News

Siam Cement said Monday its board has approved a plan to issue up to THB10bn (US$335.3m) worth of

GCC sells stake in Bolivia’s Soboce

22 August 2011, Published under Cement News

Grupo Cementos de Chihuahua (GCC) said it had finalized the sale of its 47 per cent stake in Bolivian

East Africa Portland Cement seeks capital, Kenya

22 August 2011, Published under Cement News

Kenya’s East African Portland Cement is concerned rising production costs will shrink profit this year as it seeks to raise capital through

TPI Polene significant rise in net profit, Thailand

19 August 2011, Published under Cement News

Thai conglomerate, TPI Polene (TPIPL), reported a 2Q11 net profit of THB1.7bn, +405% YoY and +67%

FLSmidth 2Q dented by Libyan unrest

19 August 2011, Published under Cement News

FLSmidth kept its full-year guidance unchanged when reporting a surprise drop in second-quarter profit,

Saudi Yanbu Cement 1H net profit rises

19 August 2011, Published under Cement News

Saudi cement producer Yanbu Cement Co (YCC) said its net profit for the first half of 2011 rose 6.1% YoY

Cemento Andino approves investments, to issue bonds

18 August 2011, Published under Cement News


The Board of Cemento Andino has agreed to extend the lease it has with the Credit Bank of Peru (BCP) at

Deepak Parekh appointed to Lafarge India’s advisory board

18 August 2011, Published under Cement News

Deepak Parekh, Chairman, HDFC, has been inducted on the Lafarge’s International Advisory Board.

Star Cement drops stake sale plan, India

18 August 2011, Published under Cement News

Star Cement, a subsidiary of Kolkata-based Century Plywoods, has put its decision to sell 10-15 per cent on

Cimpor’s first-half turnover improves

18 August 2011, Published under Cement News

Cimpor’s first half turnover improved by 5.7% to €1,149.58m and the EBITDA increased by the same percentage to €315.6m with Brazil, Turkey and China are proving to be the company’s top performer