Cement News tagged under: corporate
Mexico stocks, Cemex rallies03 October 2007, Published under Cement NewsMexico’s stocks rallied on Tuesday, led by cement maker Cemex, as the local market adjusted to the Dow Jones Industrial Average’s record close on Monday. Cemex, whose shares have suffered recently amid aversion to construction stocks, saw its CPO shares rise 6.2% to MXN35.28. |
Sibirskiy Cement breaks ground on new plant03 October 2007, Published under Cement NewsRussian holding Sibirskiy Cement has broken ground on a Euro 220m cement plant in the Yashkinsky district of the Kemerovo Region, the company said Tuesday.The company plans to launch the plant in three years. The plant’s annual production capacity is expected to amount to 2.6 million tonnes of cement. Founded in 2002, Sibirskiy Cement is based in the Kemerovo Region. The holding includes five cement plants in the Siberian Federal District. The holding’s output in 2006 amounted to 4.383Mt of... |
South Cement targets high output levels03 October 2007, Published under Cement NewsShanghai-based South Cement Co., Ltd., founded on September 26, 2007, plans to enlarge its production capacity significantly over the next three years. South Cement, with a registered capital of CNY 3.5 billion, will receive total investment of CNY10bn to reshuffle the Chinese cement industry. It will operate in Zhejiang Province, and expects to take a 30% share of its target market in south China, including Shanghai, and Zhejiang, Jiangxi, Hunan, and Fujian Provinces in three years. China... |
Italmobiliare buys more Italcementi shares03 October 2007, Published under Cement NewsItalmobiliare SpA, the holding company that controls Italcementi SpA, said it bought Euro 16.2m in ordinary and savings shares in the cement company between Sept 4-26. As of Aug 31, Italmobiliare owned 59.02 per cent of Italcementi’s ordinary capital, according to the cement company’s website. Italcementi’s share price suffered from a sharp decline in the past months, slipping from nearly Eur 25 reached early May, due to rising oil prices and concern about a slowdown in the construction sec... |
Moody’s reports stable prospect on Semen Gresik02 October 2007, Published under Cement NewsMoody’s Investor Services has granted Ba2 rating with stable prospect and national rating of Aa2.id for Semen Gresik, two points higher than the sovereign rating of Indonesia. Senior Analyst of Moody’s Laura Acress said that the rating reflects that Semen Gresik is dominant cement player in Indonesia. Semen Gresik’s President Commissioner Rizal Ramli said that the rating is in line with the plan to issue dollar bonds as the company has planned to develop five million tons facility and to ex... |
Taiwan Cement, Chia Hsin Cement to Benefit From Merger02 October 2007, Published under Cement NewsTaiwan Cement Corporation and Chia Hsin Cement Corporation today (Oct. 2) will complete merging their subsidiaries—Taiwan Cement International and Chia Hsin China, both listed on the Hong Kong Stock Exchange. A foreign institutional investor said Chia Hsin Cement will become the largest beneficiary after the merger and Taiwan Cement will see better deployment integration in the mainland marketplace. Chia Hsin said its Jingyang and Union cement plants located in the mainland each scored ove... |
Semapa H1 net surges 116 per cent year-on-year01 October 2007, Published under Cement NewsSemapa SGPS Portugal said net profit surged 116 per cent to Euro 71.5m in the first half to June 30. Results were boosted by a Euro 25.6m capital gain on the sale of 19.2m shares in EDP Energias de Portugal SA, which was already booked in the first quarter. Revenue increased 8 per cent year on year to Eur 702.7m Recurring EBITDA, excluding the one-time gain, increased 20 per cent to Eur 203m . |
Siam Cement stocks rise on higher earnings projections01 October 2007, Published under Cement NewsSiam Cement, Thailand’s largest industrial conglomerate, rose 2.4 percent to a two-month high 260 baht on hopes its earnings would improve next year due to higher cement demand after a December general election, brokers said. |
R-ADAG eyeing cement business01 October 2007, Published under Cement NewsPower-to-telecom business house Reliance Anil Dhirubhai Ambani Group (R-ADAG) plans to enter cement manufacturing by setting up a plant near its 4,000MW coal-fired power project proposed at Sasan in east Madhya Pradesh. The cement plant proposed by R-ADAG will use millions of tonnes of fly ash generated at the power station, billed ultra mega power project for its large capacity, to produce cement. J.P. Chalasani, director, business development, Reliance Energy Ltd, said, “Our company keeps... |
Ssangyong Cement sells headquarters28 September 2007, Published under Cement NewsSouth Korean cement maker Ssangyong Cement Industrial Co. said Friday it sold its headquarter building in Seoul to Golden Bridge Asset Management Co. for 100 billion won (US$109m) in a bid to repay its debts. Ssangyong expected proceeds from the sale to lower the ratio of its debt to capital to 120 per cent from 134 percent, the company said. |