Cement News tagged: Corporate
Gansu Qilianshan to issue CNY400m in bills, China
Gansu Qilianshan Cement Group Co Ltd announced today that it plans to issue CNY400m in short-term bills with maturity of 365 days on the inter-bank market on Mar. 25,
Cimpor secures financing for investment plans
The financing of the investment projects of Portuguese cement producer Cimpor is guaranteed, chairman Castro Guerra said yesterday.
S&P cuts Vulcan Materials to BB
S&P on Friday cut to BB from BBB- its corporate credit and senior unsecured debt ratings on US construction materials firm, Vulcan Materials Co.
Arabian Cement Net profit up by 48.5%, Saudi Arabia
Arabian Cement Company (ACC) posted a net profit SAR9.9m (US$2.6m) compared to Global Investment House’s (GIH) estimate of SAR70.8m in 4Q10.
Jiangxi Wannianqing Cement’s profit jumps 131.91% in 2010
Jiangxi Wannianqing Cement Co announced that its net profit skyrocketed 131.91% YoY last year,
Lafarge credit rating trimmed to junk bond status
Standard and Poor’s (S&P) has downgraded its credit rating on Lafarge to junk bond status.
Adelaide Brighton’s clear, organic focus, Australia
Since becoming managing director of Adelaide Brighton (AdBri) in 2001, Mark Chellew has focused on shareholder returns and helped the group become
Lafarge Zimbabwe revenue rises
Zimbabwean group Lafarge Cement reported flat full-year earnings as a tax expense offset strong revenue growth, and said it expected further sales growth as the economy recovers.
LSR Group bond placement, Russia
OJSC LSR Group, a Russian construction and building materials company, announces the placement of
HeidelbergCement upgraded to ‘BB’ by Standard&Poor’s
Standard&Poor’s Rating Services raised HeidelbergCement’s long-term corporate credit rating and the issue ratings on the company’s senior unsecured bonds to ‘BB’ from ‘BB-‘.
HeidelbergCement profit rises
German cement major HeidelbergCement ended the 2010 financial year successfully, reporting increases in turnover and operating margins
Indocement 4Q10 net profit falls, Indonesia
PT Indocement Tunggal Perkasa, Indonesia’s biggest cement maker by market value, on Thursday said its fourth-quarter 2010 net profit fell four percent as costs climbed.
Lafarge Cement Zimbabwe profit unchanged
Lafarge Cement Zimbabwe Ltd. said net income for the 12 months through December was unchanged at US$2.7m
Schenck Process acquires Clyde Process Solutions
Since the end of February Schenck Process (Germany) has been the sole shareholder of Clyde Process Solutions
Cemex announces closing of US$1.67bn convertible notes
Cemex announced today the closing of an offering of US$1.67bn aggregate principal amount of two series of convertible subordinated notes, one of which matures in 2016
HeidelbergCement reports 4Q10 net profit
HeidelbergCement reported a profit in the fourth quarter of 2010 and also expects higher turnover and operating income in 2011.