Cement News tagged: Corporate
Cemex drops after S&P reduces credit rating to junk
Cemex fell to the lowest in a month after Standard & Poor’s cut its credit rating to below investment grade
Saudi Cement Q4 profit down 21 per cent
Saudi Cement Company said the fourth-quarter profit fell 21 per cent to SAR131.7m (US$35.12m) after a government ban on exports.
Cemex loses investment grade as S&P cuts rating
Standard & Poor’s cut its credit rating for Cemex to junk status Wednesday, citing expectations that deterioration in key markets will hurt its cash flow.
Mangalam Cement announces buy-back
Mangalam Cement through VC Corporate Advisors made an announcement to the equity shareholders and beneficial owners of the company to buy-back a minimum
Mangalam Cement up on buy-back approval, India
Mangalam Cement rose 5.07 per cent to Rs 52.80 on Monday as the board approved a buy-back at a
Ssangyong Cement staff agree salary cut
Ssangyong Cement on Monday said all executives and staff will voluntarily return
TPI Polene sees return to profit in ’09
Thailand’s third-largest cement maker, said on Tuesday lower costs would drive a return to profit in 2009,
JP Associates to commission 4Mt plant in 2-3 months
Jaiprakash Associates’ Q3 FY09 net sales stood at Rs 1,380.6 crore as against Rs 942.88 crore in the same
Semen Gresik relies on internal cash
PT Semen Gresik Tbk allocated internal cash worth IDR2.1-2.5 trillion to cover the US$371 million capital expenditure in 2009.
Asia Cement (China) Holdings IPO Wins Regional Awards
The major integrated cement producer in the Central Yangtze River Region and the Sichuan Region, Asia Cement (China) Holdings Corporation’s initial public offering (IPO)
Yamama and Tabuk cement saw Q4 profits fall
Two Saudi Arabian cement producers profit fell in the fourth quarter of 2008 on lower sales volumes following a government decision to ban exports, according to reports from Reuters.
FLSmidth to announce reduction in workforce
Despite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to
FLSmidth to announce reduction in workforce
Despite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to
Dalmia Cement Board to consider interim dividend for 2008-09
Dalmia Cement Bharat Ltd has announced that a meeting of the Board of Directors of the Company will be
Siam Cement: net losses likely in 4Q08
Siam Cement (SCC) is expected to book a huge inventory loss of Bt7,000mn following an inventory loss
Holcim scales back investements
Holcim said on Thursday it would scale back its 2009 investment plans as it braces itself for tough conditions, though it would benefit from government projects.