Cement News tagged: Corporate
LSR Group retains Fitch rating, Russia
Fitch ratings has affirmed OJSC LSR Group’s (LSR) Long-term foreign currency Issuer Default Rating
Grace opens new manufacturing facility in India
Grace Construction Products, an operating segment of WR Grace & Co, has started manufacturing from a new facility near Delhi, India.
Egypt’s Alex Cement lifts first-half profit 25%
Egypt’s Alexandria Cement said on Thursday its first-half net profit rose 25 per cent YoY
Siam City Cement profit rises
Siam City Cement’s consolidated net profit jumped 44.4 per cent to THB1.06bn in the three months ending
TCC International in new China investment
TCC International said it agreed to acquire about 97.94% equity interest in Scitus Cement (China) Holdings
Moody’s cuts Italcementi’s rating to “negative”
Moody’s lowered Thursday the outlook on all credit ratings of Italy’s cement maker Italcementi SpA and its units to "negative" from "stable".
BBMG’s Recent underperformance unjustified - Goldman
BBMG’s recent underperformance against other Chinese cement stocks is unjustified, Goldman Sachs says,
Lafarge WAPCO profit falls, Nigeria
Lafarge’s Nigerian unit said first-half profit dropped because the West African nation’s second-biggest
Lafarge stock sinks on Moody’s possible downgrade
Shares in French cement group Lafarge tumbled by 3.81% to EUR34.325 at close on Tuesday after rating agency Moody’s placed its Baa3 credit rating under review
Vulcan volumes weaker than expected - Jefferies
Vulcan reported second-quarter EPS of US$0.07 from continuing operations after adding back
Vicat first-half 2011 net profit seen rising
CM-CIC Securities are expecting Vicat to report net profits of EUR100m (vs. EUR94.6m in H1-2010)
Titan hit by weak domestic construction activity, Greece
Titan Cement of Greece posted a 36 per cent fall in profit in the second quarter due to weak building activity in its main markets.
Prosperity set to dilute stake in two companies
Diversified China focused investment company Prosperity Minerals Holdings updated investors on changes in its shareholdings in two cement companies in China
Angel Broking maintains neutral rating on UltraTech
Angel Broking has maintained neutral rating on UltraTech Cement, in its July 28, 2011 research report.
Suez Cement first-half net profit down 37%, Egypt
Suez Cement’s first-half net profit dropped 37 per cent because of a fall in local cement consumption and political instability in the region
Tangshan Jidong Cement to issue bonds, China
Hebei Province-based cement manufacturer Tangshan Jidong Cement Co Ltd announced on July 29 that it