Cement News tagged: Corporate
RAK Cement posts US$1.08m loss
Ras Al Khaimah Cement Company made a loss of almost AED4m (US$1.08m) last year, as inventories fell on a tighter market that saw cement sales volumes and values decline.
Five pakistan producers report losses
Five leading Pakistan producers have announced their financial results for the six months period ending 31 December 2010.
Credit Suisse cuts Lafarge’s share target to EUR 42
Credit Suisse reiterated its "neutral" rating on Lafarge, cutting its share price target to EUR 42 from EUR 48.
Sino Cement Buys Shaanxi Shehui Cement Co
Sino Cement, Inc., announced that effective on February 21, the Company completed its acquisition of Shaanxi Shehui Cement Co.
Sephaku Holdings interim trading statement, South Africa
Sephaku Holdings expects an increase in net asset value per share (NAVPS) of between 40% and 50% for the six months ended December 2010, compared with February 2010.
Sagar & Amareswari Cements merger, India
Sagar Cement’s Scheme of Arrangement for the proposed merger of Amareswari Cements has been by the equity shareholders and
China cement makers surge on social housing plan
Shares in Chinese cement makers surged to all-time highs in Hong Kong on Wednesday, extending gains for a third consecutive session as investors flooded the sector following
Cemex to offer US$1.2bn in convertible notes
Cemex said Tuesday that it plans to offer US$1.2bn in convertible notes and use the money to pay down debt.
Cementir suffers from the poor Italian market
Cementir Holding, the Italian cement group that controls Aalborg Portland in Denmark and Cimentas Izimir Cimento Fabrikasi in Turkey
Italcementi looks for improved overseas volumes in 2011
Italcementi’s turnover declined by 4.3% to €4790.9m in 2010, the underlying EBITDA fell by 13.9% to €836.3m and the trading profit dropped 20.1% to €353.8m.
Egypt’s Sinai Cement 2010 net profit rises 35%
Egypt’s Sinai Cement said net profit jumped 35% in 2010 to EGP905.7m (US$153.5m), according to the stock exchange on Sunday.
Italcementi’s margins still being squeezed
Italcementi’s turnover declined by 4.3% to €4790.9m in 2010 and the underlying EBITDA came off by 13.9% to €836.3m and the trading profit fell by 20.1% to €353.8m. Net financial charges were re
Kenya: Bamburi, Athi River slide on report cement prices may decline
Bamburi Cement Co retreated the most in two months and Athi River Mining (ARM) snapped two days of gains after a report said the price of cement may decline by as much as 10% this year.
Sino Cement buys Shaanxi Shehui Cement
Sino Cement announced that it completed the acquisition of Shaanxi Shehui Cement Co Ltd as of 21 February 2011.
Far Eastern Group to buy cement suppliers in China expansion
Taiwan’s Far Eastern Group is considering the purchase of up to three cement companies in China as it expands into the retailing, materials and chemicals industries in the world’s second-larges
West China Cement plans CNY3bn expansion
The company is taking advantage of Beijing’s plan to invest and build infrastructure in less-developed western provinces. The central government has imposed limits on national cement production