Cement News tagged: Corporate
Citi cuts China Resources Cement target price
Citigroup halved its target price for China Resources Cement (CRC) to HK$5.88 from HK$7.94, and
Fitch lowers West China outlook
Fitch lowered on Friday to "negative" from "stable" the outlook on Chinese cement manufacturer
Jidong Development Group to issue bills, China
Jidong Development Group Co Ltd, the parent company of Shenzhen-listed Tangshan Jidong Cement Co
China Tianrui Group Cement mulls IPO
China Tianrui Group Cement Co, in which US private equity firm Kohlberg Kravis Roberts & Co has a
Life Insurance Corp sells stake in ACC, India
Indian cement maker ACC Ltd on Tuesday said Life Insurance Corporation of India has sold 3.78 million shares
Gresik eyes 10% rise in income in 2012
Indonesia’s largest cement producer PT Semen Gresik said it hopes to post a 10 per cent growth in
Cemex disputes tax claim
Cemex said on Friday it would file a legal challenge to dispute a tax bill of US$142m authorities say the company owes from 2004.
Nigeria: Lafarge Cement WAPCO raises NGN11.8bn bond
Lafarge Cement WAPCO Nigeria plc raised a sum of NGN11.8bn (US$74m) bond at a fixed interest rate of 11.5%.
Lafarge Pakistan reports loss in 3Q11
Lafarge Pakistan Cement Ltd (LPCL) has incurred a PKR328.44m (US$3.75m) loss after taxation of during January-September 2011 against loss of PKR1.045bn
India: GP Goenka sells Andhra Cements to Jaypee Group for INR235 crore (US$45m)
Goenka group will sell its 32.95% promoter’s stake in Andhra Cements, out of the 45% that it held in the compamy.
India: acquisition of 11.24% of Gharibwal Cement announcement by Silkbank Limited
The Silkbank Ltd has entered into a debt-equity swap transaction with the Sponsors of Gharibwal Cement Ltd GCL),
Oyak Cement Group posts €73m net profit in Jan-Sep 2011
Oyak Cement Group issued a statement to the ISE and said that the group companies posted a net profit of TRY 183m (€73m) and a sales revenues of TRY 830m in January-September.
Pakistan: Lucky Cement sees surge in local sales
Lucky Cement Limited, a company belonging to the Yunus Brothers Group, is the largest manufacturer and exporter of cement in Pakistan.
Italcementi’s Afyon unit jumps after Cimsa bids for 51% stake
Afyon Cimento Sanayi TAS, a Turkish cement maker owned by Italcementi SpA’s Ciments Francais, headed for the biggest gain in almost three months after a rival Turkish cement maker bid for a 51% stake.
Caribbean cement market shows signs of a turnaround
The cement market rebounded in the third quarter, according to new data from primary supplier and producer Caribbean Cement Company Limited (CCCL),
Armenia: Mika cement sustained losses by 15-20% in 2011
Mika Cement, one of the largest companies producing cement in Armenia, sustained losses by 15-20% in 2011, said Naira Martirosyan the company’s general director.