Cement News tagged: Corporate
India’s UltraTech Cement June shipments up 2%
India’s largest cement producer, UltraTech Cement, said shipments in June rose an annual 2% to 3.22Mt.
India Cements’ MD Srinivasan increases stake in company
Vice Chairman and MD of the Chennai-based India Cements, N Srinivasan has increased his stake in the company to 0.14% from 0.05% by shelling out INR18.9m (US$0.424m).
China Resources Cement to acquire assets from Goldman Sachs
China Resources Cement Holdings Ltd, the largest cement producer in South China, has announced plans to acquire a 100% stake in Inner Mongolia Cement Strategic Investment Holdings Ltd (IMCS) from US-b
China: Jidong Cement agreement for private placement
Tangshan Jidong Cement has won approval from the China Securities Regulatory Commission for its private placement, reports 163.com, citing a company filing.
Lafarge and Anglo American seek asset buyers
Lafarge and Anglo American have approached potential bidders for some of their UK cement and quarrying assets, as the two groups look to pre-empt regulatory action over their bid
US Investment Firm Ups Share In Heidelberg Voting Rights
Germany’s HeidelbergCement said Monday that U.S. investment firm Arnhold and S. Bleichroeder
Trinidad Cement sees third consecutive quarterly loss
Trinidad Cement Limited (TCL) reported a loss per share of $0.09 for the 1Q ended March 31, 2011,
Daiwa cuts West China Cement target
Daiwa cuts its target for West China Cement to HK$3.25 from HK$3.45, after it cuts its 2011 and 2012 EPS
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.