Cement News tagged: Corporate
Cementos Lima share swap?, Peru
Cementos Lima on Tuesday launches a tender offer of investment shares for common shares entitled to
Cemex scraps US$650m overseas bond sale as yields soar
Cemex has scrapped a US$650m bond offering today as Europe’s debt crisis eroded demand for higher-yielding debt and undermined the company’s efforts to refinance bank loans.
Asia Cement’s China unit likely to grow in 2Q
Credit Suisse keeps Asia Cement at Outperform and retains its NT$48.40 (US$1.6) target price.
FCC boosts stake in Cementos Portland to 69.78%
Spanish construction major FCC has increased its stake in cement subsidiary Cementos Portland Valderrivas to 69.78%
Trinidad Cement Company close to a deal with creditors
Trinidad Cement Company is "close" to an agreement with its major creditors that its latest disclosures
West China Cement in new joint venture
West China Cement said its indirect wholly- owned subsidiary Yaobai Special Cement Group and
Saudi Cement Co to pay US$0.53/share dividend
The management board of Saudi cement producer Saudi Cement Company (SCC) approved at a meeting
Fitch Rates Cemex’s proposed notes due 2019 ’B+/RR3’
Fitch Ratings has assigned a ’B+/RR3’ rating to Cemex’s proposed note issuance due in 2019.
Lafarge increases stake in Ashaka Cement, Nigeria
As part of its efforts to enhance cement production in the country, Lafarge has acquired additional shareholding in Ashaka Cement
Cemex topping list of bond issuers
Cemex is selling the most debt overseas this year by a Mexican company to repay bank loans even as its
Qassim Cement revenue rises, Saudi Arabia
Qassim Cement reported a 1Q11 net profit of SAR147.2m, 6.1% above estimate of SAR138.7m by
Yamama’s strong first-quarter performance
Yamama Cement posted a net profit of SAR179.8m (US$48m) in 1Q11 which was 7.3% above
Chinese companies gain on public housing report
Chinese cement makers rose sharply on expectations China’s massive construction of public houses will boost demand.
Lafarge to decide on gypsum unit around September
A decision on the sale of Lafarge’s gypsum unit will not be taken before September
Sinai first-quarter net profit down 25%
Egypt’s Sinai Cement posted a 25 per cent fall in first-quarter unconsolidated net profit to EGP116.9m
Southern Cement forecasts rise in quarterly profit, Saudi Arabia
Southern Province Cement Co, Saudi Arabia’s biggest cement producer by market value, said