Cement News tagged: Corporate
Egypt’s Sinai Cement 2008 net profit up 21 per cent
Egypt’s Sinai Cement posted a 21 per cent rise in net profit for 2008 to
Indonesia’s Gresik says 2008 net profit up about 40%
Indonesia’s largest cement firm, PT Semen Gresik , on Monday said net profit rose about 40 per cent to
China’s Huaxin plans share placement
China’s Huaxin Cement said it plans to raise up to CNY4bn(US$585m) through a private placement of domestically listed A shares.
Cemex rises most in three months
Cemex rose the most in three months and call options jumped on speculation its creditor banks will refinance the company’s debt to avoid pushing it into default.
Holcim Indonesia books record net profit
PT Holcim Indonesia Tbk, the country’s third-largest cement producer, on Wednesday announced that it had achieved a record profit in 2008
Semapa 2008 profit drops 12.8%
Portuguese holding firm Semapa yesterday posted a consolidated net attributable profit of EUR106.3m for 2008
Southern Province 2008 net profit up 12.4% YoY
Saudi cement producer Southern Province Cement (SPC) managed to boost its net profit to SAR791.1m
Huaxin Cement profits up 58% in 2008, China
Huaxin Cement Co, in which Holcim holds a 39.88 per cent stake, posted a 58 per cent jump in net profits in 2008, boosted by increased sales.
Fitch cuts debt ratings of Cemex
Cemex’s credit ratings were cut five levels by Standard & Poor’s and three levels by Fitch Ratings a day after
Holcim Philippines refinances short-term borrowings with bank loan
Holcim Philippines Inc. said it had taken a P2.45-billion loan from Banco de Oro Unibank to refinance maturing short-term borrowings
CRH rights issue will generate €4bn acquisition fund
CRH (Ireland) should be well placed to spend up to €4bn on acquisitions after its €1.2bn rights issue is completed
Cemex starts debt renegotiation talks after failed bond sale
Cemex has started discussions with banks to renegotiate about US$14.5 billion of debt after a surge in borrowing costs forced it to shelve a bond sale
Cement stocks rally
Shares in Korean cement manufacturers jumped after negotiations between cement manufacturers and
Lafarge, Saint-Gobain to sell US$3.8bn in shares
Saint-Gobain investors will be offered EUR1.5 billion of stock at EUR14 apiece,
Cemex says bond sale still on, shares sink
Cemex said on Thursday that it still aims to issue US$500m in bonds internationally to help pay maturing debt, but
Titan launches buyout bid for Serbian Unit
Titan on Thursday launched a buyout bid for the remaining 3.65% of Serbia’s Titan Cementara Kosjeric it does not own.