Cement News tagged: Corporate
Sri Lanka cement firm rated ’A’ by RAM Ratings
Sri Lanka’s Tokyo Cement Company (Lanka) Ltd has been rated ’A’ by Ram Ratings on its strong market position and balance sheet a
Japanese producers’ FY10 Op profits likely to top forecasts
Japanese cement producers Taiheiyo Cement Corp and Sumitomo Osaka Cement Co are both on track to beat their consolidated operating profit projections
Cemex plans major share issue
Cemex said on Friday it would propose issuing up to 6 billion new shares to raise funds to pay its hefty debt, more than investors expected, prompting a slide in its stock price.
Attock Cement profit declines
The profit after tax of Attock Cement Pakistan Limited (ACPL) has declined to PKR235.101m in the half-year period ended December 31, 2010
Morgan Stanley cuts Lafarge rating to "equal-weight"
Morgan Stanley has downgraded its rating on Lafarge to "equal-weight" from "overweight", although it raised its share price target to EUR 53 from EUR 50.40.
Chaodong expects eight-fold rise in 2010 profit
Anhui Chaodong Cement predicts its net profit for fiscal year 2010 jumped eight-fold, according to a company filing
Demerged Dalmia Bharat makes listing debut, India
Dalmia Bharat Enterprises Ltd (DBEL), the demerged cement and power business of Dalmia Bharat Sugar & Industries (formerly Dalmia Cement Bharat) swung between
Rain Commodities to transfer its cement business
The board of India’s Rain Commodities’ has given its approval for transfer of cement business from Rain Commodities (Holding Company) to Rain CII Carbon (India)
Sinoma estimates 2010 profit to have grown 80%
China Sinoma International Engineering announced that it expected to see net profit for 2010 surge more than 80% YoY
Thai Siam Cement net profit rises 53.5%
Thailand’s largest industrial conglomerate by revenue, said Wednesday its 2010 net profit rose 53.5% mainly due to a gain from selling its stake in PTT Chemical, as well as higher sales.
Votorantim, Holcim seen buying 40% stake in BRC for US$1bn
Brazilian conglomerate Votorantim or the Brazilian unit of Holcim are the potential buyers of a 40% stake in US-controlled cement maker BRC Cimentos
Siam Cement 2010 net profit likely +44.4%
Thailand’s Siam Cement is likely to post a 44.4% YoY increase in its 2010 net profit to THB35.16bn (US$1.1bn)
Merckle rearranges HeidelbergCement holdings, Germany
Ludwig Merckle, a major shareholder of HeidelbergCement AG, has rearranged his holdings in the group, HeidelbergCement said
Gresik 2010 seen rising due to cost-efficiency
Indonesia’s largest cement producer PT Semen Gresik said its net profit in 2010 was estimated at IDR3.5trn (US$390m), up from IDR3.3trn in the previous year.
UltraTech posts 36% fall in quarterly profit, India
UltraTech Cement Ltd, India’s largest cement maker by capacity, Tuesday posted a 36% fall in its third-quarter net profit.
China Resources acquires stakes in four companies
China Resources Cement Holdings acquired stakes in four cement companies for a total of CNY406m (US$61.7m),