Cement News tagged: Corporate
Cemex rises most in three months
Cemex rose the most in three months and call options jumped on speculation its creditor banks will refinance the company’s debt to avoid pushing it into default.
Holcim Indonesia books record net profit
PT Holcim Indonesia Tbk, the country’s third-largest cement producer, on Wednesday announced that it had achieved a record profit in 2008
Semapa 2008 profit drops 12.8%
Portuguese holding firm Semapa yesterday posted a consolidated net attributable profit of EUR106.3m for 2008
Southern Province 2008 net profit up 12.4% YoY
Saudi cement producer Southern Province Cement (SPC) managed to boost its net profit to SAR791.1m
Huaxin Cement profits up 58% in 2008, China
Huaxin Cement Co, in which Holcim holds a 39.88 per cent stake, posted a 58 per cent jump in net profits in 2008, boosted by increased sales.
Fitch cuts debt ratings of Cemex
Cemex’s credit ratings were cut five levels by Standard & Poor’s and three levels by Fitch Ratings a day after
Holcim Philippines refinances short-term borrowings with bank loan
Holcim Philippines Inc. said it had taken a P2.45-billion loan from Banco de Oro Unibank to refinance maturing short-term borrowings
CRH rights issue will generate €4bn acquisition fund
CRH (Ireland) should be well placed to spend up to €4bn on acquisitions after its €1.2bn rights issue is completed
Cemex starts debt renegotiation talks after failed bond sale
Cemex has started discussions with banks to renegotiate about US$14.5 billion of debt after a surge in borrowing costs forced it to shelve a bond sale
Cement stocks rally
Shares in Korean cement manufacturers jumped after negotiations between cement manufacturers and
Lafarge, Saint-Gobain to sell US$3.8bn in shares
Saint-Gobain investors will be offered EUR1.5 billion of stock at EUR14 apiece,
Cemex says bond sale still on, shares sink
Cemex said on Thursday that it still aims to issue US$500m in bonds internationally to help pay maturing debt, but
Titan launches buyout bid for Serbian Unit
Titan on Thursday launched a buyout bid for the remaining 3.65% of Serbia’s Titan Cementara Kosjeric it does not own.
China National Building Materials plans US$146m joint venture
China National Building Material Co Ltd said on Friday it would set up a joint venture firm with registered
Ciments Francais unit 2008 net drops
Italcementi unit Ciments Francais posted a near 44 per cent fall in 2008 net profit and said 2009
Indonesian Semen Bosowa cancels IPO plan
Indonesian cement producer PT Semen Bosowa has decided to cancel its plan to launch an initial public offering (IPO) this year, given the uncertain condition of the market.