Cement News tagged: Corporate
RAK Cement sees 3Q2011 losses
A drought in new projects in UAE impacts on RAK Cement profits in 3Q2011.
Grasim reports improved Q2FY12 performance
Grasim Industries Ltd, part of the Aditya Birla Group, has reported good results for the second quarter ended 30 September 2011, supported by improved performance of both its cement and viscose staple
China Resources Cement Holdings chairman resigns
The board at China Resources announced that Madam Zhou had tendered her resignation from the positions of the chairman of the Board
BankMuscat signs OMRO. 26m loan agreement with Oman Cement Co
BankMuscat signed an agreement with Oman Cement Company (OCC) for term loans totalling OMRO. 26m, which aims at refinancing and modernising OCC plants.
Cemex makes loan prepayment to avoid higher interest rate
Cemex SAB, the largest cement maker in the Americas, has paid off more than half of a US$15bn bank loan, allowing the company to avoid an increase in interest rates that was set to take effect a
Votorantim, Camargo said to be in talks to buy rest of Cimpor
Brazilian holding companies Votorantim Participacoes SA and Camargo Correa SA are in talks to buy a remaining stake in Cimpor-Cimentos de Portugal SGPS SA, Bloomberg reports.
Nigeria: Lafarge Cement WAPCO raises NGN11.8bn bond successfully
Lafarge Cement WAPCO Nigeria plc has successfully raised a total sum of NGN11.8bn (US$113m) bond at a fixed interest rate of 11.5 per cent, in an issuance completed under the company’s NGN50bn Bond Is
Mexico: Cemex waits settlement for cement assets nationalised in Venezuela
The Venezuelan government expects to ink in an agreement with Cemex, in the next weeks, whose Venezuelan assets were nationalised in 2008.
Saudi Al Jouf Cement’s net profit almost triples
Saudi Arabia’s Al Jouf Cement Co said its third-quarter net profit surged to SAR14.4m (US$3.8m), compared with SAR5m a year earlier, on higher sales and output.
Italcementi Finance: commercial paper program up to EUR800m
Italcementi Finance SA, the French company acting as Group’s treasury vehicle, has received the approval
Jiangxi Wannianqing to issue CNY400m bills
Jiangxi Wannianqing Cement Co Ltd, has said that it will issue CNY400m (US$62.8m) worth of short-term
Hail Cement Company IPO successfully completed, Saudi Arabia
Shares of Hail Cement Company were traded on the Saudi Stock Exchange for the first time on Sunday,
UltraTech, Century Textiles deny merger talks, India
UltraTech Cement Ltd and Century Textiles and Industries Ltd have denied media reports that the latter
Arabian Cement net profit beats expectations, Saudi Arabia
Arabian Cement posted a 3Q11 net profit rise of 28.4 per cent to SAR104.9m, exceeding estimates by
Sinoma Cement Co to issue notes, China
China Sinoma Cement Co, a wholly-owned subsidiary of China National Materials Co Ltd, will issue
Century Textile up on UltraTech merger report, India
Shares of Century Textiles gained on report that the process of merging the cement business of Century