Cement News tagged: Corporate
TCC to acquire Yingde Chien Kuo Mining, China
TCC International (Hong Kong) Co, Ltd and TCC (Yingde) Cement Company Limited have entered into
Kuwait Cement posts 1Q net profit
Kuwait Cement Company said it booked a net profit of KWD 4.88m (US$17.7m) for the three months
Lafarge WAPCO May Raise NGN45bn from market
Lafarge Cement WAPCO Nigeria Plc is likely to hit the capital market with NGN45bn (US$289m) bond issue to refinance its medium-term loan
Anhui Conch Cement appoints Zhang Mingjing as director
Anhui Conch Cement Co, China’s largest cement maker by output, said Thursday it has appointed
Lafarge buys 35% stake in Spanish grinding unit
Lafarge Cementos SAU has acquired 35% of the shares of Elite Cements, a grinding operation located in
Asia Cement returns with US$172.5m convertible bonds
Taiwan-based Asia Cement last night returned to the market to raise US$172.5m from a convertible bond
DBS lowers West China Cement target price
DBS Vickers Research lowered its target price for West China Cement to HK$3.3 from HK$4, and downgraded the stock to "hold" from "buy".
BBMG completes purchase of assets, China
BBMG Corporation completed the purchase of CNY2.65bn (US$408.8m) worth of assets from its parent
Binani Cement delisted from Bombay Stock Exchange, India
Binani Industries (BIL) today said its cement making arm Binani Cement has been delisted from the
Alexandria Cement posts 34% decline in 1Q11 net profit, Egypt
Egypt’s Alexandria Cement posted a 34 per cent fall in consolidated net profit to E£101.4m (US$17m) for
New Cemex Spain CEO announced
Jaime Ruiz de Haro has been appointed the new CEO of Cemex Spain.
HeidelbergCement upgraded to ‘Ba1’ by Moody’s
Moody’s Investors Service raised HeidelbergCement’s Corporate Family rating to ‘Ba1’ from ‘Ba2‘ and the senior unsecured long term rating to ‘Ba2’ from ‘Ba3
Shree swings to quarterly profit
Shree Cement Ltd reported a net profit of INR66 crore (INR660m) for the quarter ended on March 31, 2011.
JK Cement revenues surge
JK Cement (India) announced the company’s Q4 FY11 revenues were up 27% at INR680 crore (INR6.8bn)
Lafarge capital increase
Lafarge has announced a share capital increase reserved for the eligible employees of companies participating in the Lafarge Group Savings Plan.
Merckle Group builds stake in HeidelbergCement
The Merckle Group has acquired more than 400,000 shares in German cement maker HeidelbergCement amounting to over