Cement News tagged: Corporate
Fujian Cement sees 1H net profit hit CNY 91.75m
Fujian Cement Inc saw its sales revenue hit CNY872m (US$135m) in the first half of 2011, sources
Cemex is worst junk in US market on losses
Bonds sold by Cemex are posting the biggest losses among major issuers of junk debt in the US after the company posted its seventh straight quarterly loss, Bloomberg reports.
Orient Paper to spin-off cement business, India
Kolkata-based Orient Paper and Industries Ltd. said it will separate its cement business and turn it into a new entity called Orient Cement Ltd
Lafarge 2Q11 net profit falls 12%
Lafarge said second-quarter net profit fell 12 per cent as weak US demand and higher raw material costs impacted results.
LSR Group places bonds worth RUB2bn
LSR Group announces the results of the Series BO-05 bond placement worth RUB2bn (US$72.4m).
Indonesia’s Indocement 2Q net profit rises 0.7%
Indocement Tunggal Prakasa , Indonesia’s biggest cement maker by market value, said on Thursday that its
Southern Province Cement: Dividend payout at 27.5%

The board of directors of Southern Province Cement, Saudi Arabia, approved distributing cash dividend for
Chaodong Cement Posts 1H earnings, China
Anhui Chaodong Cement reported a net profit of CNY167m (US$25.9m) and earnings per share (EPS) of
Jidong invests CNY240m into subsidiary, China
Tangshan Jidong Cement plans to inject capital into Tangshan Jidong Cement Investment Development with
Citigroup downgrades Cemex shares
Citigroup has downgraded Cemex’s shares to hold from buy, according to reports.
Cementir is more hopeful for the year
Cementir’s turnover improved by 13.2% to EUR450.9m in the first half, while the EBITDA declined by
JK Laskhmi first quarter turnover rises, India
JK Lakshmi Cement Ltd has reported a turnover of INR4.41bn in the first quarter of the financial year
Taiwan Cement to Acquire Chinese Cement Company
To achieve annual output of 55Mt of cement in China this year, Taiwan Cement Corp. has decided to
FITCH affirms Siam City Cement at A(tha); outlook stable
Fitch Ratings (Thailand) has affirmed Siam City Cement Public Company Limited’s (SCCC) National
Raysut 1H11 pretax profit declines
Oman’s largest cement producer Raysut Cement posted a pre-tax profit of OMR7.59m (US$19.7m) for
More downside risk for European producers


Cemex’s somewhat disappointing Q2 results announced late last week suggest that there is further