Cement News tagged: Corporate
Saudi Southern Province nine-month net profit jumps
Saudi cement producer Southern Province Cement (SPC), said its net profit for the nine months to
S&P downgrades Cemex rating on global slowdown
Ratings agency Standard & Poor’s (S&P) has lowered its global rating for Cemex from B to B- and its national rating from mxBB+ to mxBB with a negative outlook.
Titan suffers from weak domestic market
Titan’s turnover for the first nine months of 2010 declined by 18.4% to €838.9m and the EBITDA came down by 15.5% to €219.8m as the company suffered from weak Greek sales both in terms of domest
Saudi Cement Co nine-month net profit rises
Saudi cement producer Saudi Cement Company (SCC) said its net profit for the nine months through
Fitch cuts Lafarge to ’BB+’
Fitch Ratings has downgraded Lafarge’s Long-term Issuer Default Rating (IDR) to ’BB+’ from ’BBB-’.
Lafarge Shui On Cement sells 3-Year Dim Sum Bonds
Lafarge Shui On Cement Ltd., a joint venture between Lafarge and Hong Kong-listed Socam Development Ltd sold CNY1.5bn
HeidelbergCement taps seven year bond
HeidelbergCement carried out a EUR200m tap issue of its most recent seven year EUR300m Eurobond
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
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%
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)
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.
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.
China cement stocks – UBS comment
The recent rebound in China cement stocks is "largely policy driven," says UBS. Looking forward, the
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
Baturina sells Verkhnebakansky cement plant, Russia
Russian billionaire businesswoman Yelena Baturina has sold the Verkhnebakansky cement plant to
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".