Cement News tagged: Corporate
Local companies: lending rates still too high, Indonesia
Indonesian companies say bank lending rates that are well above Bank Indonesia’s benchmark rate are
Century Plyboards to restructure, India
Century Plyboards, a diversified company, is moving towards de-merger of its cement and ferro-alloy
Fitch affirms Lafarge at ’BBB-’; outlook Negative
Fitch Ratings has affirmed Lafarge’s Long-term Issuer Default (IDR) and senior unsecured ratings at
China Shuangji Cement secures US$3.7m loan
China Shuangji Cement, Ltd a leading producer of high-quality Portland cement in Shandong and Hainan
Merrill Lynch keeps ‘buy’ rating for HeidelbergCement
US investment bank Merrill Lynch has set its classification for Heidelberg Cement to "Buy" with a target
HeidelbergCement to pay extra to sell high-yield bond
HeidelbergCement is paying a premium to sell high- yield bonds as corporate-debt sales start to revive
Fujian reports losses due to heavy rains, China
Chinese producer, Fujian Cement suffered losses of more than CNY20m due to the heavy rains on June
Alex Cement says rights issue nearly covered, Egypt
Egypt’s Alexandria Cement said on Tuesday it had almost covered a E£2.45bn (US$442.2m) rights issue
Morgan Stanley downgrades Holcim stocks
Rating agency Morgan Stanley has downgraded the stocks of Holcim to “underweight” from “equal
Grasim: more berated than re-rated
The company has a strong record of profitability and growth
Direct manage investments to buy into Jidong Cement
Direct Manage Investments Ltd plans to spend CNY1.91bn
HeidelbergCement seeks revival with cost cuts
HeidelbergCement said it aims to revive profit with spending reductions and by adding plants in emerging markets such as India, Indonesia and Bangladesh.
Offers to Tokyo Cement shareholders
Sri Lanka’s Tokyo Cement recently announced that it would be proposing to its existing
Madras Cements: Value pick for long term
Madras Cements, a leading player in the southern market, has been grappling
China Resources obtains HK$1bn loan
China Resources Cement said it has obtained a HK$1 billion 3-year term loan facility with a syndicate of
Court upholds Lafarge antitrust fine
The European Court of Justice confirmed yesterday a fine of EUR 249.6 million (USD308.7m) imposed