Cement News tagged: Corporate
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
Qassim 1Q beats expectations, Saudi Arabia
Qassim Cement Company said it has seen net profits rise more than 30% against the previous quarter.
Fitch assigns ‘B’ to Cimento Tupi, Brazil
Fitch Ratings has assigned the following ratings to Brazilian producer Cimento Tupi S.A. (Tupi):
Cemex announces senior level changes
Cemex announced today changes to its senior level organisation, effective April 12, 2011 that includes the departure of Chief Financial Officer Rodrigo Trevino
Mixed results for Yanbu and Yamama, Saudi Arabia
Two leading Saudi Arabian cement producers, Yanbu Cement and Yamama Cement, have posted mixed first-quarter 2011 results.
Nomura keeps "reduce" rating on Buzzi Unicem
Analysts at Nomura have confirmed their "reduce" recommendation on the stock of Italian cement producer
Jiangxi Cement expects marked rise in 1Q net profit
China-based Jiangxi Wannianqing Cement Co Ltd said yesterday that it expected its net profit for the first quarter of this year to surge to between
Conch to issue CNY9.5bn in bonds in 2011
Anhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, plans to issue CNY9.5bn (US$1.5bn)
Conch’ upside likely capped despite profit guidance, China
Anhui Conch Cement’s upside is likely to be limited despite its upbeat profit guidance; the company expects its 1Q11 net profit to rise
Shui On plans cement phase-out – may sell to Lafarge
Shui On Construction and Materials Ltd plans to phase out cement production, possibly by selling its stake in an underperformed China joint venture to partner Lafarge
S&P confirms Buzzi and Dyckerhoff rating, negative outlook
Buzzi Unicem informs that today Standard & Poor’s confirmed the long-term corporate rating (BBB minus)