Cement News tagged: Corporate
Buzzi Unicem reports first-quarter advances
Buzzi Unicem has reported a favourable start to the year with first-quarter advances in volumes, turnover and EBITDA as milder winter weather boosts shipments.
Misr Beni Suef net profit falls, Egypt
Egypt’s Misr Beni Suef Cement has reported a 37.3% fall in first-quarter net profit to
Eurocement likely to hold IPO, Russia
Eurocement Group, owned by Filaret Galchev, is likely to hold an IPO late 2011 or early 2012
Taihieyo’s full-year net turnaround, Japan
Taiheiyo Cement Corp improved net loss from JPY37bn to a profit of JPY5.2bn (US$64m) on revenue
Lafarge’s plaster unit attracts 10 potential buyers
Some 10 sector companies and investment funds have shown interest in the acquisition of Lafarge’s plaster unit Lafarge Gypsum, local press report.
CNBM to benefit from capacity elimination
Selective China cements stocks are outperforming with China National Building Material rising
Lafarge divests to pay down debt – what’s next?
Lafarge is on track to meet its 2011 debt reduction target of €2bn following the announcement of the sale of its cement and concrete assets in the southeast United States to the Colombia-based conglom
Anhui Conch Cement approved by regulator, China
Anhui Conch Cement Co announced yesterday that it was approved by China Securities Regulatory
Misr Cement Qena 1Q net profit dips 11.2%, Egypt
Egypt’s Misr Cement Qena reported that first quarter net profit fell 11.2 per cent YoY, the stock exchange said on Wednesday.
National Cement mulls financing plans, Egypt
National Cement is intending to do without both World Bank and Egyptian Environmental Affairs Agency (EEAA) loans amounting to US$13.9m
Standard & Poor’s downgrades Titan
Standard & Poor’s Ratings Services said today that it lowered its long-term corporate credit rating on Greek producer (Titan) to ’BB-’ from ’BB’.
US Cement Shipments decline only 0.8% in March
US Geological Survey preliminary estimates indicate that US cement shipments in March 2011 were 0.8% lower than in March 2010, better than expected, according to
FLSmidth 1Q revenue dips, 2011 contracted cement capacity forecasts Denmark
Danish engineering group FLSmidth has reported a two per cent decrease in first-quarter revenue to DKK4385m as
National Cement first-quarter revenue falls, UAE
UAE-based National Cement Company said first-quarter revenue fell by 24% against the same period last year
Lafarge denies UK asset disposal
Lafarge has denied a report in the Financial Times that it and joint-venture partner Anglo American are lining up asset disposals to pay down debt
China Resources Cement positive guidance
China Resources Cement is up 3.3% at HK$7.54, after releasing positive guidance on its 1Q11 operating data