Lafarge Malayan Cement expects robust 2H12 demand
At Lafarge Malayan Cement’s analysts 2Q12 briefing held on Monday, the company said it expects the robust cement demand seen in the first half to continue in the second half.
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S&P lowers West China Cement corporate rating, China
Standard & Poor's Ratings Services lowered its long-term corporate credit rating on West China Cement Ltd. (WCC) to 'B+' from 'BB-'. The outlook is negative. The research house ...
Indian cement capacity seen reaching 349.6Mt in FY13
Indian cement production capacity is expected to rise to 349.6Mt in the current fiscal year (FY13) from 336.1Mt reached in the last fiscal. "The projected demand and capacity to...
China Shanshui Cement first-half net profit falls 41 per cent
China Shanshui Cement has reported a net profit of CNY728m (US$114m) for the first half of 2012, representing a decline of 41 per cent YoY on the back of a slowing demand. In th...
India: builders protest against high cement prices
In a statewide protest organised by the Builders’ Association of India, builders in Coimbatore voiced their opinions on a protest rally on Tuesday, demanding measures by the sta...
Indian prices seen declining
Cement prices in July have declined in most Indian states. A drop has been recorded in Andhra Pradesh where a 50kg bag of cement was down by about INR20-25, meanwhile in Hyderab...
West China Cement net profit drops 65%, China
West China Cement has reported a 65 per cent drop in first-half profit as selling prices declined and production costs increased.
ACC sees Indian demand rising 10 per cent YoY, India
Indian cement major ACC has said cement demand may grow at a healthy rate of 10 per cent in 2012 but subdued capacity utilisation and higher raw material costs will keep prices ...
HSBC lifts Lafarge share price target, France
HSBC has lifted the share price target of Lafarge to EUR55 from EUR52 and reiterated its "overweight" recommendation. Analysts with HSBC revised up by three per cent their expec...
Indonesia’s July sales rise 9.9 per cent
Indonesia's domestic cement sales rose 9.9 per cent in July from a year ago, up from 9.5 per cent in June, data from the country's biggest cement firm PT Semen Gresik Tbk showed...