Cement News tagged: Corporate
Dangote capitalisation hits NGN2.1trn
Companies under the Dangote Group listed on the Nigerian Stock Exchange (NSE) closed 2010 with a market capitalisation of
Cemex says it made US$100m debt prepayment
Cemex said Tuesday that it made a US$100m voluntary prepayment on refinanced debt last month, reducing the amount it has to amortisze in June 2012.
Oman’s Raysut Cement completes Pioneer acquisition, UAE
Oman’s Raysut Cement Company has acquired the United Arab Emirates’ (UAE) Pioneer Cement for US$172m
CRH second-half development update
CRH announces second-half 2010 development initiatives of €0.37bn bringing total 2010 acquisition and investment spend to €0.54bn.
Cemex sells US$1bn in seven-year bonds
Cemex sold US$1bn in seven-year bonds at a yield of 9.125 per cent on Tuesday, IFR said, to help pay 2012 debt and avoid a repayment bottleneck.
Shuangma Cement 2010 net profit forecast
Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY
Shuangma Cement 2010 net profit forecast
Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY
Shree Cement to increase coal imports
Shree Cement Ltd. may buy 3.5Mt of imported thermal coal for delivery in the year ending March 2012, India Coal Market Watch reported, citing an unidentified company official. The Kolkata, India-based
Foreign investor in Huaxin Cement share buy
Huaxin Cement Company, China has announced that its foreign shareholder Gaoling Fund, L.P bought an additional 155,300 US dollar denominated B shares or a 0.04% stake in the company through the tradin
Raysut plans for Pioneer deal
Raysut Cement Company, Oman’s largest producer, is pushing ahead with a US$172m deal to buy a UAE competitor. The acquisition of Pioneer Cement, a joint venture set up between Ras al Khaimah Inv
Vietnam Cong Thanh Cement sells bonds
Cong Thanh Joint Stock Company sold VND1.5 trillion (US$76.92m) worth of long-term secured corporate bonds in the domestic market on December 24 to raise fund for its cement project
Bharathi Cement announces second line start-up
Bharathi Cement has announced that Line No.2 at its Andhra Pradesh works in India has started production as per the original schedule in December 2010 pushing up capacity from 2.5Mta to 5.0Mta. The pl
ABC firms up sales contracts in lime
Australia’s Adelaide Brighton Cement has resolved some of the uncertainty surrounding its major sales contracts in lime and cement. Firstly the deal to supply lime to a local alumina producer cove
Yanbu Cement Q4 results show promise
Saudi Arabian producer, Yanbu Cement posted a 23% rise in net profit for the fourth quarter compared to the same period last year and 7.4% up against the third quarter, though full-year results saw
Cementos Argos share price falls
Cementos Argos SA dropped 1.4 per cent to 11,600 pesos. Colombia’s biggest cement maker fell for a second day after Colombia’s economy expanded less than forecast in the third quarter from a year earl
India’s Shree Cement fails to power up
Analysts at LKP have downgraded Shree Cements to underperformer in its December 28, 2010 research report. A laggard performance from its power division has been due to extended monsoons reducing