Cement News tagged: Corporate
Unye to participate in capital increase of Unye Cemento
Cement producer Unye Cimento informs that it will participate in the capital increase of its subsidiary Unye Cem Srl, based in Romania.
Unye to participate in capital increase of Unye Cemento
Cement producer Unye Cimento informs that it will participate in the capital increase of its subsidiary Unye Cem Srl, based in Romania.
Southeast Asia cement declines in Manila on competition outlook
Southeast Asia Cement Holdings Inc. fell the most in eight months in Manila trading on concern a government plan to remove tariffs on the construction material will boost imports and squeeze margins.
Mexican, Brazilian stocks down as US bailout Is debated
Mexican equities fell Monday, with investors cautiously assessing the US government proposal seeking to end to the financial crisis that has gripped
Mexican stocks fall
Mexican stocks fell sharply on Monday on concerns a costly US bailout plan for troubled financial institutions may not resuscitate a slumping economy and surging oil prices added to worries about
Holcim drops after being pushed higher by Eurocement
Holcim dropped the most in at least 18 years in Zurich trading after hopes of a takeover by Russian investor Eurocement Group faded.
European markets likely to open lower on weak global signals
Most major European markets area likely to extend their losses Tuesday, tracking Wall Street’s plunge overnight amid uncertainties related to the US$700bn bailout plan for failing financial firm
Thailand: Brokers bullish on Siam City Cement
Siam City Cement (SCCC), the country’s second biggest cement-producer, is expected to show solid earnings growth over the next two years despite higher operation costs, The Nation reports.
Semen Gresik expects earnings to rise 15 per cent
PT Semen Gresik estimates its income by the end of this year will reach Rp11 trillion (US$1.2 billion) or up by 15 per cent from around Rp9.5 trillion last year, the company’s chief said.
Ultratech Cement director resigns
Ultratech Cement Ltd director Santrupt Misra has resigned from the board, while S B Mathur has been appointed additional independent director.
Mandiri provides another IDR150bn non-cash loan
PT Bank Mandiri Tbk agreed to provide additional non cash loan transaction to PT Semen Padang as from IDR75bn into IDR150bn to support the company business.
Cement shares in freefall
With financial markets in turmoil and a deteriorating outlook for global construction activity, shares in many of the leading cement companies have tumbled.
GBL Bought EUR57.55m Worth Of Lafarge Shares Sept 2-5
Belgian Financier Albert Frere’s holding company, Groupe Bruxelles Lambert, bought a total of EUR57.55m worth
CIMA projects higher profit for this year, Malaysia
Cement Industries of Malaysia Bhd(CIMA) which registered a pre-tax profit of RM85.4m last year is projecting a higher profit for its financial year ending December 2008,
Holcim, Lafarge shares rise on merger rumours
Shares in Holcim and Lafarge rose strongly today as speculation swirled that the world’s two largest cement makers could merge. By 6:19 a.m. EDT, shares in Holcim had risen 6.2 per cent to 89.50
Brief slowdown in cement sector likely, India
Brokerage house Goldman Sachs is cautious in its outlook on the cement sector as it expects weakness in both demand for cement as well as cement prices. “We believe the industry is on the verge of a d