Cement News tagged: Corporate
Egypt: Suez and Torah to pay cash dividend
Suez Cement, Egypt’s largest listed cement maker, approved a cash dividend of E£3.3/share, the stock
Buzzi Unicem issues senior unsecured notes
Buzzi Unicem, through its 100% subsidiary RC Lonestar Inc, has successfully completed the new issue
Citigroup upgrades Adelaide Brighton to Buy
Citi lifts Adelaide Brighton’s rating to Buy from Hold and raises its target to A$3.10 from A$2.58 vs
Tong Yang Cement to merge with Golden Oil, South Korea
South Korea’s Tong Yang Cement Corp has decided to merge with Golden Oil Corp, a local mid-sized oil
Cemex to exchange as much as US$3bn bonds
Cemex plans to exchange as much as US$3bn of perpetual bonds for notes maturing in seven and 1
Cemex launches four debt exchange offers
Cemex launched four offers to exchange outstanding perpetual debentures for new senior secured notes to
Maple Leaf granted loan for restructuring, Pakistan
Maple Leaf has entered into agreements with lender banks for restructuring of its debts.
Jurong Cement gets SGX’s in-principle approval for delisting
Jurong Cement said it has received in-principle approval from the Singapore Exchange (SGX) to be
Rajawali sells stake in Gresik in US$1bn deal
Indonesia’s Rajawali Corp sold a 23.66% stake in PT Semen Gresik, the country’s largest cement maker by assets and volume, in a US$1.08bn deal
Conch: stimulus drives growth, profits surge
Anhui Conch, China’s largest cement producer, reported group turnover of CNY24.684bn (US$3.615bn)
HeidelbergCement seeks loan refinancing – report
HeidelbergCement is in talks with banks about a self-arranged loan that will refinance debt remaining
Nomura cuts Buzzi Unicem’s price target
Analysts at Nomura have lowered the share price target on Italian cement maker Buzzi Unicem to
Anhui Conch net profit increases 34.4%
Anhui Conch Cement Co Ltd yesterday announced that its net profit for 2009 rose 34.48 per cent to
Siam Cement stocks rise on high earnings hopes, Thailand
Siam Cement stocks rose 2.8 per cent to THB254, having hit THB255, its highest since November 1, 2007,
Prism Cement: margins still of concern, India
Prism Cement recently received approval from the relevant authorities for the merger of two of its
YTL Corp on track to double first half sales, Malaysia
YTL Corp has said it is on track to nearly doubling its 2010 sales from last year’s US$2.6bn.