Cement News tagged: Corporate
Nomura keeps "reduce" rating on Buzzi Unicem
Analysts at Nomura have confirmed their "reduce" recommendation on the stock of Italian cement producer
Jiangxi Cement expects marked rise in 1Q net profit
China-based Jiangxi Wannianqing Cement Co Ltd said yesterday that it expected its net profit for the first quarter of this year to surge to between
Conch to issue CNY9.5bn in bonds in 2011
Anhui Conch Cement Co Ltd, the biggest cement producer in Asia by output, plans to issue CNY9.5bn (US$1.5bn)
Conch’ upside likely capped despite profit guidance, China
Anhui Conch Cement’s upside is likely to be limited despite its upbeat profit guidance; the company expects its 1Q11 net profit to rise
Shui On plans cement phase-out – may sell to Lafarge
Shui On Construction and Materials Ltd plans to phase out cement production, possibly by selling its stake in an underperformed China joint venture to partner Lafarge
S&P confirms Buzzi and Dyckerhoff rating, negative outlook
Buzzi Unicem informs that today Standard & Poor’s confirmed the long-term corporate rating (BBB minus)
Dangote announces dividend payment, Nigeria
Nigeria’s Dangote Cement has informed the Nigeria Stock Exchange that it is offering
Bestway invests further in Mustehkam Cement, Pakistan
Pakistan cement producer Bestway Cement has invested PKR1.25bn (US$15,000) into the company’s subsidiary, Mustehkam Cement Limited
Fitch revises Votorantim’s outlook to stable, Brazil
Fitch Ratings has assigned a ’BBB-’ rating to Votorantim Cimentos SA’s (VCSA) US$750m bonds
S&P downgrades Greek Titan to BB, warns of further cuts
S&P today cut to BB from BB- the long-term corporate credit and issue ratings on Greek cement maker Titan Cement Co SA while keeping intact its B short-term rating.
YTL Cement scraps exchangable bond sale, Malaysia
Malaysian cement producer YTL Cement Bhd. (YTLC) has scrapped a US$200m exchangeable bond sale after
Dr Commaraswamy appointed to Tokyo Cement Board, Sri Lanka
Sri-Lankan born ad international economist Dr Indrajit Coomaraswamy has been appointed as a
Morgan Stanley exists Shanshui Cement
Morgan Stanley private equity has sold a HK1.73bn (US$222m) block in China Shanshui Cement.
S&P gives BBB to Votorantim Cimentos senior unsecured notes
S&P said Thursday it had rated the senior unsecured notes, to be issued by Brazilian cement maker Votorantim Cimentos SA, at BBB.
Cimentos Liz delays IPO on risk aversion
Brazilian cement producer Cimentos Liz postponed on Friday a plan to sell shares to investors for as many as 60 days because of deteriorating market conditions.
Buzzi 2011 advance restrained by Italy & USA
On a turnover that was off by just 0.9% to €2648.4m in 2010, Buzzi Unicem’s underlying EBITDA was almost stable (-0.3%) at €540.2m.