Cement News tagged: Corporate
Saudi Tabuk Cement recommends dividend for 2H10
The management board of Saudi cement producer Tabuk Cement Company (TCC) have decided to recommend to shareholders a cash
Fitch revises outlook of Siam Cement to "positive"
Fitch changed on Monday to "positive" from "stable" the outlook of Thai industrial holding Siam Cement
Rain Commodities acquires Birla Cement & Industries
Rain Commodities Ltd, which manufacturers Priya Cement, has acquired Birla Cement and Industries Ltd from Yash Birla Group for an undisclosed sum.
BBMG’s merger of Taihang Cement approved, China
BBMG Corporation of China said that it received the official written approval from the Beijing Municipal Commission of Commerce
Siam City to 2010 net profit down, Thailand
Thailand’s Siam City Cement PCL Thursday reported an 8.5% fall in 2010 net profit mainly due to higher costs, including distribution expenses.
India Cements 3Q net down 38%
India Cements, a major cement producer in south with increasing presence in the north, on Thursday reported a 38.3 per cent lower net profit for the quarter ending December, 2010.
HSBC downgrades Holcim to underweight
HSBC downgrades Holcim to underweight from overweight. Energy cost inflation is likely to undermine cement margins in 2011-12
TransCreditBank opens RUR500m facility for cement plant
TransCreditBank has opened a RUR500m (€12.45m) credit line for Topkinsky Cement, part of the Siberian Cement group
Emerging markets to support Sinoma’s earnings - UOBKH
Analysts at UOB KayHian says Sinoma is not a pure cement player, noting that cement engineering accounts for 58% of its revenue; it says Sinoma is expanding into new businesses through JVs
Taiheiyo Cement maintains net profit forecast
Taiheiyo Cement Corp maintained a full-year net profit forecast of JPY4bn (US$48.4m) after worsening net loss from
TPI Polene: 2010 Revenue Higher Than 2009
Thai cement maker TPI Polene, said Tuesday that revenue this year should be higher than 2010 due to strong demand for cement
Bank increases participation in Cimpor
Caixa Geral de Depósitos (CGD) and its subsidiary Companhia de Seguros-reinforced participation in Cimpor between August 6 and December 30 last year.
Cemex posts huge net loss for 2010
Cemex’ turnover declined by 3.3% in 2010 to US$14,069.4m, while in Mexican peso terms the turnover came down rather more, or by 9.9%. EBITDA was down by 12.9% to US$2313.8m and the trading profit fell
Cimentos Liz applies to hold IPO, Brazil
Brazilian cement company Cimentos Liz has filed a request with securities regulator CVM to hold an IPO on the São Paulo stock exchange Bovespa,
Italcementi’s Asian volumes improve
Italcementi’s turnover declined by 4.3% last year, or by 6.6% on a comparable basis to €4,790.9m, of which consolidated Italian operations contributed €619.6m, a reduction of 15.2%.
Exane, Jefferies lift share price targets on Buzzi Unicem
Exane and Jefferies revised up their share price targets on Italian cement producer Buzzi Unicem.