Cement News tagged: Corporate
Credit Suisse hikes Swiss Holcim’s price target
Credit Suisse increased today the share price target on Holcim to CHF 64 (EUR49.9) from CHF58 but did not change the "underperform" rating.
West China Cement mulls guaranteed senior notes issue
West China Cement said it proposes to conduct an international offering of guaranteed senior notes and will commence a
Eastern Province fourth-quarter up 66%, Saudi Arabia
Saudi Arabia’s Eastern Province Cement said Monday its fourth-quarter net profit soared 66 per cent to SAR83m (US$22.1m)
Saudi Tabuk Cement names al-Shatri board chairman
The management board of Saudi cement producer Tabuk Cement Company (TCC) appointed at a meeting on Sunday Khaled bin Saleh al-Shatri board chairman.
HeidelbergCement: plans measures to improve cash flow
HeidelbergCement announced the launch of its new three-year financial and operational excellence programme: “FOX 2013”.
Saudi Arabia: Yamama Cement profits rises 10 per cent
Yamama Cement posted a 10 per cent increase in its fourth quarter net profits, the company said in a bourse statement on Saturday.
Indonesia Semen Baturaja to sell 30 per cent stake via IPO-official
PT Semen Baturaja, an Indonesian state-owned cement maker, plans to sell a stake of about 30 per cent via initial public offering
Tasek Corp CEO resigns, Malaysia
Tasek Corp Bhd says its chief executive officer Gan Boon Ting has resigned effective from today
Titan Cement secures EUR585m syndicated credit facility
Greece’s Titan Cement said Friday it has secured a EUR585m syndicated multi-currency forward start revolving credit facility.
Dangote capitalisation hits NGN2.1trn
Companies under the Dangote Group listed on the Nigerian Stock Exchange (NSE) closed 2010 with a market capitalisation of
Cemex says it made US$100m debt prepayment
Cemex said Tuesday that it made a US$100m voluntary prepayment on refinanced debt last month, reducing the amount it has to amortisze in June 2012.
Oman’s Raysut Cement completes Pioneer acquisition, UAE
Oman’s Raysut Cement Company has acquired the United Arab Emirates’ (UAE) Pioneer Cement for US$172m
CRH second-half development update
CRH announces second-half 2010 development initiatives of €0.37bn bringing total 2010 acquisition and investment spend to €0.54bn.
Cemex sells US$1bn in seven-year bonds
Cemex sold US$1bn in seven-year bonds at a yield of 9.125 per cent on Tuesday, IFR said, to help pay 2012 debt and avoid a repayment bottleneck.
Shuangma Cement 2010 net profit forecast
Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY
Shuangma Cement 2010 net profit forecast
Sichuan Shuangma Cement adjusted its 2010 net profit estimate, forecasting that 2010 net profit will drop by between 82.4 and 84.3 per cent YoY