Cement News tagged: Corporate
Kuwait Cement ’09 net profit jumps to US$44.5m
Kuwait Cement Company said yesterday its net profit surged to KWD 12.81m (US$44.5m) in 2009 from
Norwegian investor increases stake in HeidelbergCement
Norwegian state-owned investment company Norges Bank Investment Management (NBIM) has built up its
West China Cement refinances loans
West China Cement says that it has finalised the repayment of the US$60m term loan facility originally
HeidelbergCement - strong results in Asia and Africa
HeidelbergCement’s turnover declined 21.6% to €11,117m in 2009 while the EBITDA fell by 28.7% to
Pakistan: two cement firms post losses
Pakistan producers, Maple Leaf Cement Factory and Cherat Cement Company, have posted substantial
Egypt’s Misr Cement Qena 09 net profit up 16%
Egypt’s Misr Cement Qena posted a 16 per cent rise in full year 2009 net profit to E£352.3m (US$64m), the
Italcementi Finance plans to sell 10-year bonds in euros
Italcementi Finance SA is selling 10-year bonds in euros, according to a banker involved in the transaction.
Athi River Mining profits up, Kenya
Athi River Mining Ltd (ARM), has announced a 34 per cent increase in its 2009 full-year pre-tax profit as
Cemex appoints new director at Rugby Cement, UK
Cemex, has appointed a new director at its flagship cement plant in Rugby Warwickshire with immediate
Nigeria: Lafarge WAPCO reports 30% fall in pre-tax profit
Lafarge Cement WAPCO said on Thursday its 2009 pre-tax profit fell 30 per cent to NGN8.96bn
CSN says spin-off of units to boost value
Brazil’s biggest diversified steelmaking group, will start a gradual spin-off of its main business divisions
ING downgrades Holcim, Lafarge, St-Gobain
Holcim Ltd was downgraded to hold from buy at ING, which also cut its rating on Lafarge to sell from
Vicat reduces costs ahead of target
Vicat has further strengthened it already solid balance sheet with the gearing level falling from 34.7% at the end of 2008 to 31.4%, this time.
Italcementi cautious on Ciments Francais merger talks
Italian cement maker Italcementi cooled market talk it could buy out its French unit Ciments Francais,
Anhui Conch plans to expand through M&A activity, China
Anhui Conch Cement plans to expand its business through mergers and acquisitions (M&A), after the
Italcementi’s net profit halved
Italcementi’s turnover declined by 13.3% in 2009, with the underlying EBITDA being off by 12.7% to