Cement News tagged: Corporate
Vulcan’s volumes fall, but prices rise
Vulcan Materials increased turnover by 9.7% last year to US$3651.4m, helped by a full year’s contribution from Florida Rock
High coal prices dent cement firms’ realisations, India
Indian cement companies continued to reel under the high cost of production besides drastic fall in
RAK Cement reports loss, UAE
Ras Al Khaimah Company for White Cement & Construction Materials Company (RAK Cement) said it
Yanbu Cement 2008 net profit down
The net profit of Saudi cement producer Yanbu Cement Co (YCC) dropped to SAR559.7m
Dalmia Cement Q3 net plummets 78.93%
Dalmia Cement (Bharat) announced a substantial drop in standalone net profit for the quarter ended December 2008, due to low operating margins and high interest cost.
Consolidation on the cards: Fitch report
In its outlook released today, Fitch Ratings has said that with depressed valuations and smaller players getting realistic about their expectations, some more consolidation in the industry is on the c
Gresik planning to acquire foreign cement company
PT Semen Gresik has appointed Credit Suisse as its financial advisor with regard to its foreign acquisition plan.
Dalmia Dec quarter net falls by over 75%
Dalmia Cement (Bharat) Ltd on Thursday said net profits for the December quarter were dragged down by more than 75 per cent
Binani Cement 3Q net profit falls
India’s Binani Cement Ltd said Friday its third-quarter net profit fell to INR84.9m from INR539.5m a year
TPI Polene swings to 2008 net loss
TPI Polene of Thailand said Thursday it swung to a net loss of THB5.45bn (US$56.1m) in 2008 from a net profit of THB2.33bn
Madras Cements 3Q net profit falls
India’s Madras Cements Ltd said Thursday its fiscal third-quarter net profit fell 43%
Cemex successful completion of refinancing
Cemex announced that it has successfully completed its refinancing plan.
Siam Cement posts quarterly loss
Siam Cement, Thailand’s fourth- largest publicly traded company, posted the first quarterly loss in eight
Cemex seeks US$2bn from asset sales
Cemex has confirmed that it aims to nearly double the amount raised from asset sales to more than US$2bn this year and use the proceeds to pay down its hefty debt.
Boral profit forecast by one third
Weaker construction markets in the USA, Asia and Australia has led to Boral reducing its profit guidance for the year to the end of June from Aus$200m to Aus$120m.
Fitch: negative outlook for European building materials sector
Fitch Ratings says the 2009 credit outlook for European building materials (EBM) companies is Negative,