Cement News tagged: Corporate
Daiwa ups West China Cement but prefers peers
Daiwa upgrades West China Cement to Hold from Underperform, and raises the target price to HK$3.33 from HK$2.38
Credit Suisse raises Asia Cement to outperform
Credit Suisse upgrades Taiwan-based producer, Asia Cement to Outperform from Neutral and boosts its
UOB keeps Sinoma at buy, booming Xinjiang demand, China
UOB KayHian keeps Sinoma at Buy with a target price of HK$9.50, citing "booming cement demand in Xinjiang
Fitch reaffirms Cementos Argos’ ratings, focus on Colombia
Fitch Ratings Colombia reaffirmed Cementos’ Argos’ rating of AA+ (high level) with a stable outlook for the bonds the company issued in 2009
Lucky Cement earnings’ outlook, Pakistan
Lucky Cement Limited is set to release its 9MFY11 financial results on April 16, 2011.
Texas Industries declares quarterly dividend, USA
The Board of Directors of Texas Industries, Inc (TXI) declared a cash dividend of US$.075 per common share payable May 31, 2011 to shareholders of record May 6, 2011.
Mexico’s Cemex sees US$400m in savings – report
Cemex expects a reorganisation to save some US$400m annually after 18 months, according to Chief Executive Lorenzo Zambrano
RAM Reaffirms ratings on Lafarge Malayan cement debt facility
RAM Ratings Bhd (RAM) has reaffirmed the respective long-term and short-term ratings of Lafarge Malayan Cement Bhd’s (LMCB) MYR350m
Misr Cement Qena posts 11% 1Q11 drop
Egypt’s Misr Cement Qena posted an 11 per cent drop in 2011 first quarter net profit to EGP103.7m (US$17m), the stock exchange said on Wednesday.
Cement makers up on Exane upgrade
Shares in Holcim and HeidelbergCement surged more than four per cent, outperforming a 1.8 per cent
Cemex sells US$800m in floating-rate notes
Cemex issued US$800m in floating-rate senior secured notes denominated in US dollars, the company said late Tuesday.
Mediobanca lowers Cementir’s price target, Italy
Analysts at Mediobanca lowered on Monday morning the price target on the shares of Italian cement maker Cementir Holding to
Qassim 1Q beats expectations, Saudi Arabia
Qassim Cement Company said it has seen net profits rise more than 30% against the previous quarter.
Fitch assigns ‘B’ to Cimento Tupi, Brazil
Fitch Ratings has assigned the following ratings to Brazilian producer Cimento Tupi S.A. (Tupi):
Cemex announces senior level changes
Cemex announced today changes to its senior level organisation, effective April 12, 2011 that includes the departure of Chief Financial Officer Rodrigo Trevino
Mixed results for Yanbu and Yamama, Saudi Arabia
Two leading Saudi Arabian cement producers, Yanbu Cement and Yamama Cement, have posted mixed first-quarter 2011 results.