Weekly Newsletter
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Morgan Stanley raises Buzzi Unicem rating
Morgan Stanley has raised its rating on Italy's Buzzi Unicem to "overweight" from "equal weight", on a strong upside potential for the cement maker's stock which has underperfor...
Cemex Latam to build new cement works
Cemex Latam Holdings is to invest around US$340m in building an additional cement works in Colombia. The new plant will be built in the Antioquia department, which is enjoying g...
Corporate restructuring at FLSmidth
FLSmidth has announced a number of organisational structure changes, as well as adjustments to the Group Executive Management. The new organisation will consist of the four divi...
Aganang works to launch clinker production
Sephaku Cement has completed the commissioning of the clinker production facility at Aganang, South Africa, and is ready to commence production, the company said in a statement....
Sagar in talks to buy BMM Cements, India
Sagar Cement is in talks to buy BMM Cements as it plans to use the proceeds from the sale of its stake in the Vicat Sagar joint venture to fund growth organically and through M&...
CRH to sell Turkish joint venture
CRH and its Turkish partner, Eren Holding AS, have hired JPMorgan Chase & Co to help sell their cement joint venture in Turkey, according to reports in the Irish Times. Sources ...
Oman: Raysut Cement first-half net profit ahead
Oman’s Raysut Cement reported a 5.9 per cent rise in net profit in the six months to the end of June 2014 while cement volumes held firm despite heightened competition.
Pakistan sales decline in first month of new fiscal
Pakistan cement dispatches during the first month of the new fiscal (FY14-15) proved disappointing with both domestic and export sales registering YoY declines. Total sales duri...
Fitch affirms HeidelbergCement’s ratings
Fitch Ratings has affirmed HeidelbergCement’s Long-term Issuer Default Rating (IDR) at 'BB+' and Short-term IDR at 'B'. The Outlook on the Long-term IDR is 'Stable'. The agency ...