Cement News tagged: Corporate
Tabuk and Eastern Province opposing results, Saudi Arabia
Tabuk Cement and Eastern Province Cement Company reported mixed results in their net profits, with reasons ranging from higher demand to higher labour cost.
Jidong Cement earnings rise almost 50%, China
Tangshan Jidong Cement posted a 40.88 per cent YoY rise in 2010 net profit to CNY1.4bn (US$214m), according to a company filing.
Attock Cement nine-month profit seen rising 65%, Pakistan
Attock Cement Pakistan Ltd (ACPL) is scheduled to announce its financial result for 9MFY11 on April 19, 2011.
Holcim posts slower profit hike after blackouts cut output
Holcim Philippines, Inc. grew profits by a slower pace in 2010 after plant operations in Mindanao were hit by a power shortage,
Daiwa ups West China Cement but prefers peers
Daiwa upgrades West China Cement to Hold from Underperform, and raises the target price to HK$3.33 from HK$2.38
Credit Suisse raises Asia Cement to outperform
Credit Suisse upgrades Taiwan-based producer, Asia Cement to Outperform from Neutral and boosts its
UOB keeps Sinoma at buy, booming Xinjiang demand, China
UOB KayHian keeps Sinoma at Buy with a target price of HK$9.50, citing "booming cement demand in Xinjiang
Fitch reaffirms Cementos Argos’ ratings, focus on Colombia
Fitch Ratings Colombia reaffirmed Cementos’ Argos’ rating of AA+ (high level) with a stable outlook for the bonds the company issued in 2009
Lucky Cement earnings’ outlook, Pakistan
Lucky Cement Limited is set to release its 9MFY11 financial results on April 16, 2011.
Texas Industries declares quarterly dividend, USA
The Board of Directors of Texas Industries, Inc (TXI) declared a cash dividend of US$.075 per common share payable May 31, 2011 to shareholders of record May 6, 2011.
Mexico’s Cemex sees US$400m in savings – report
Cemex expects a reorganisation to save some US$400m annually after 18 months, according to Chief Executive Lorenzo Zambrano
RAM Reaffirms ratings on Lafarge Malayan cement debt facility
RAM Ratings Bhd (RAM) has reaffirmed the respective long-term and short-term ratings of Lafarge Malayan Cement Bhd’s (LMCB) MYR350m
Misr Cement Qena posts 11% 1Q11 drop
Egypt’s Misr Cement Qena posted an 11 per cent drop in 2011 first quarter net profit to EGP103.7m (US$17m), the stock exchange said on Wednesday.
Cement makers up on Exane upgrade
Shares in Holcim and HeidelbergCement surged more than four per cent, outperforming a 1.8 per cent
Cemex sells US$800m in floating-rate notes
Cemex issued US$800m in floating-rate senior secured notes denominated in US dollars, the company said late Tuesday.
Mediobanca lowers Cementir’s price target, Italy
Analysts at Mediobanca lowered on Monday morning the price target on the shares of Italian cement maker Cementir Holding to