Cement News tagged: Corporate
UltraTech volumes decline in September, India
UltraTech Cement, part of the Aditya Birla Group, dispatched 2.75Mt of cement in September compared to
Holcim downgraded by Credit Suisse, JP Morgan lowers price target
Credit Suisse (CS) has downgraded Holcim to neutral from outperform citing the stock’s recent
Pakistan cement industry shows mix results FY2011
Pakistan’s cement manufacturers and exporters reported mix financial results for 2010-11 fiscal
Trinidad Cement Ltd creditors agree repayment plan
Trinidad Cement Limited has reached a deal with the majority of its creditors that gives the producer
Ceylon Cement Corp earns LKR5.7m profit
The Ceylon Cement Corporation earned a profit of LKR5.7m at 31 July 2011, compared with LKR5m during the same period last year.
Votorantim and Daewoo eye Gallardo assets
Brazil’s Votorantim and South Korea-based Daewoo are interested in acquiring the cement and steel assets of Grupo Industrial Gallardo.
India: stocks ignoring oversupply issues - Citi
Citigroup remains cautious on India’s cement sector, saying stocks are ignoring oversupply issues and are
HeidelbergCement seen down on Cemex
HeidelbergCement are indicated 2.4 per cent lower in pre-market trade as traders point to peer Cemex,
Cemex stock suspended
Trading in Cemex’s shares was suspended after a sharp drop on Monday caused by investor concerns about the group’s future
Goldman cuts TCC International target prices
Goldman Sachs has lowered its target price for TCC International to HK$4.65 from HK$6.25, and maintained its "buy" rating.
Schmidheiny plans to boost Holcim stake
Holcim board member Thomas Schmidheiny said he plans to increase his stake in the Swiss cement maker
Anhui Conch Cement Co added to Index
Anhui Conch Cement Co. Ltd of China will be added to the Dow Jones Construction & Materials Titans 30
Qassim Cement net profit rises in 1H11, Saudi Cement
Saudi cement producer Qassim Cement Co (QCC) said its net profit for the first half of 2011 rose 3.9%
Paraguay: troubled INC reports major losses
Paraguay producer, Industria Nacional del Cemento (INC) reported a loss of PYG55.7bn last August, but
Hail Cement IPO jumps above 130%, Saudi Arabia
Saudi Arabia’s Hail Cement Co’s initial public offering of 50 per cent of its shares was more than 130 per
S&P changes Buzzi Unicem’s rating
Standard & Poor’s has changed the long-term corporate rating assigned to Buzzi Unicem and to its German subsidiary