Fitch cuts Lafarge to ’BB+’
Fitch Ratings has downgraded Lafarge’s Long-term Issuer Default Rating (IDR) to ’BB+’ from ’BBB-’.
Cement industry news
Earlier cement industry news and analysis from International Cement Review's global newsroom.
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Saudi Cement Co nine-month net profit rises
Saudi cement producer Saudi Cement Company (SCC) said its net profit for the nine months through
Cimpor nine-month profit rises
Cimpor’s turnover rose by 3.6% to €1,741.8m in the first nine months, boosted by operations in Mozambique, Turkey and Brazil.
Swiss franc, energy costs hit Holcim 3Q profit
Holcim posted a 34.5 per cent in third quarter net profit as price hikes failed to offset rising energy costs and the strong Swiss franc.
Indian cement prices may be set for further rises
Cement prices in India, which have been rising since September after a sluggish run during monsoon, may increase by
Qatar cement demand forecast to rise
The average demand for cement in Qatar is estimated at 4.8Mta in 2012-17, which is higher than the
PPC aims for sales beyond South Africa to rise to 50%
Pretoria Portland Cement Co (PPC) said it’s aiming to increase sales from the rest of the continent to 50 per cent in the next five years.
Pokot project on track, Kenya
Construction of the new Pokot cement works, being built by the Sanghi Cement group, will be completed in
Kuwait Portland Cement nine month profit plummets
Cement trader Kuwait Portland Cement said in a bourse statement its net profit plummeted to KWD510,500 (US$1.9m)
Italcementi says French unit merger long-term plan
Italcementi will not pursue a merger with its French unit Ciments Francais in the near-term, but has not abandoned tie-up plans
Yanbu net profit up 13.6%, Jan-Sept
Saudi cement producer Yanbu Cement Co (YCC) said its net profit for January-September 2011 rose 13.6%
Ciments Francais 3Q11 net profit dips 42.8% YoY
Ciments Francais, a subsidiary of Italy’s Italcementi announced yesterday a drop in net profit of 42.8% in
CRH revises 2011 EBITDA guidance, changes primary listing
CRH published its 3Q11 Interim Management Statement with like-for-like sales showing growth of
Italcementi’s volumes fall in Greece, Egypt Bulgaria and Spain
Italcementi’s turnover for the first nine months edged ahead by an underlying 0.8% to EUR3,600.2m, but the running EBITDA came down by 15.2% to EUR564m.
S&P reduces outlook on HeidelbergCement to "stable"
Standard & Poor’s (S&P) announced today it had decreased the outlook for German cement producer HeidelbergCement to "stable" from "positive".
Cementir sees an improving trend in Italian cement prices
Cementir’s turnover was ahead by 10.4% for the first nine months of the year to €696.6m.
Baturina sells Verkhnebakansky cement plant, Russia
Russian billionaire businesswoman Yelena Baturina has sold the Verkhnebakansky cement plant to
Dangote continues with Gboko expansion, Nigeria
Dangote Cement Plc has invested NGN50bn into its Gboko plant, , the Managing Director and C
Xinjiang Tianshan Cement to issue CNY400m bills
Xinjiang Tianshan Cement Co Ltd, based in the Xinjiang Uygur Autonomous Region, has said it plans to issue CNY400m
Vietnam 10 month consumption at 39.1Mt in Jan-Oct
Vietnam’s cement consumption stood at 39.1Mt in the first 10 months of this year, fulfilling 71% of the sector’s whole-year target.
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