CemNet.com | Corporate Cement Industry News

PPC Cut to Hold From Buy at Deutsche Bank on weak outlook

Thu, 12 Nov 2009 00:00:00 +0000

Pretoria Portland Cement Ltd., Africas biggest manufacturer of the building material, was cut to hold

Birla group may hike stake in Grasim

Thu, 12 Nov 2009 00:00:00 +0000

The Aditya Birla Group may scale up its equity stake in Grasim Industries next financial year to

CRH expects EBITDA to drop by one-third this year

Wed, 11 Nov 2009 00:00:00 +0000

CRH reports its third quarter EBITDA being down by around a quarter, compared with the 41% drop

Indonesian infrastructure plays offer upside

Wed, 11 Nov 2009 00:00:00 +0000

Indonesian cement producer Semen Gresik and construction firm Wijaya Karya are among stocks set to

Benue Cement posts N27bn turnover

Wed, 11 Nov 2009 00:00:00 +0000

Benue Cement Company (BCC) Plc has recorded a turnover of N27.23bn (US$177m)

Pakistan cement sector reports fall in earnings

Wed, 11 Nov 2009 00:00:00 +0000

The Pakistan cement sector recorded a nine per cent drop in profitability for the first quarter of the year

Sri Lanka Tokyo Cement Sept net falls on building slowdown

Tue, 10 Nov 2009 00:00:00 +0000

Sri Lanka’s Tokyo Cement group said September quarter net profit fell 12 per cent to

Italcementi: Egypt growth insufficient to cover reductions elsewhere

Mon, 9 Nov 2009 00:00:00 +0000

Italcementi turnover for the first nine months declined by 12.9% to 3,847.5m and the running EBITDA was down by 13.1% to 787.7m.

China Resources Cement Jumps by Record on Credit Suisse Rating

Fri, 6 Nov 2009 00:00:00 +0000

China Resources Cement Holdings Ltd. surged the most on record after Credit Suisse Group initiated

Cementir’s pre-tax profit falls by 62.6%

Fri, 6 Nov 2009 00:00:00 +0000

Cementir’s turnover for the nine months to the end of September declined by 26.8% to 630m, a slightly

Lafarge reports higher earnings but outlook mixed

Fri, 6 Nov 2009 00:00:00 +0000

Lafarge’s turnover declined by 14.9 per cent to 12,243m in the first nine months of 2009 and the

Nigerias Dangote Cement plans London listing

Thu, 5 Nov 2009 00:00:00 +0000

Nigerias largest cement producer, Dangote Cement Plc, is investing in new production plants around

Cemex to issue at least US$225m in securities

Thu, 5 Nov 2009 00:00:00 +0000

Cemex said on Wednesday it plans to issue at least MXP3bn (US$225m) in convertible securities in

RBS keeps "sell" on Lafarge ahead of Q3 earnings

Wed, 4 Nov 2009 00:00:00 +0000

RBS reaffirmed its "sell" rating with a target of EUR 29.4 on Lafarge ahead of the publication of its third-

Kuwait Cement nine-month net profit down to US$52.2m

Wed, 4 Nov 2009 00:00:00 +0000

Kuwait Cement Company said yesterday its net profit plummeted to KWD14.94m (USD52.2m) for the nine

Gulf Cement 9-month profit drops 47%, UAE

Wed, 4 Nov 2009 00:00:00 +0000

UAE-based Gulf Cement has announced that its nine-month profit declined 47% as

Vulcan’s external cement sales more than halved

Wed, 4 Nov 2009 00:00:00 +0000

Vulcan Materials’ turnover for the first nine months of the year fell by 26.4% to US$2,100.3m as public

Vicat further strengthens its balance sheet

Wed, 4 Nov 2009 00:00:00 +0000

Vicat’s turnover for the first nine months of 2009 were down by 8.8% to 1443m, which represents an

Cemex Should Have Financed More Conservatively:

Tue, 3 Nov 2009 00:00:00 +0000

Cemex SAB Chief Executive Officer Lorenzo Zambrano is confident his $14.2 billion acquisition of

Cemex Considers long-term bond to pay bank debt

Mon, 2 Nov 2009 00:00:00 +0000

Cemex is considering selling a 5-year to 10-year bond within six months to pay bank debt and push

HeidelbergCement Rated New Outperform at Credit Suisse

Mon, 2 Nov 2009 00:00:00 +0000

HeidelbergCement was rated outperform in new coverage at Credit Suisse Group AG, which said the

Steppe Cement 3Q Revenue up 11% YoY

Fri, 30 Oct 2009 00:00:00 +0000

Steppe Cement Limited said Friday that for the third quarter ended September 30, it achieved a revenue of KZT3.08bn (US$20.5m) 11% higher than the corresponding quarter in 2008.

Colombian InverArgos to sell stake In Cementos Argos

Fri, 30 Oct 2009 00:00:00 +0000

Colombian holding company Inversiones Argos SA said late Wednesday it is evaluating the possibility of

Eastern Province Cement 9M review

Thu, 29 Oct 2009 00:00:00 +0000

 Eastern Province Cement Company has announced its 9M-2009 results. Net profits witnessed a decline

ACC 3Q Consolidated Net Profit INR4.16bn

Thu, 29 Oct 2009 00:00:00 +0000

India’s largest cement maker by capacity, said Wednesday its third quarter consolidated net profit jumped

Nigeria’s Benue Cement says Q3 profit up 171%

Thu, 29 Oct 2009 00:00:00 +0000

Nigeria’s Benue Cement Company posted a 171 per cent rise in pretax profit to NGN12.96bn (US$87m) in

Gresik nine-Month net profit down

Thu, 29 Oct 2009 00:00:00 +0000

PT Semen Gresik said Thursday its nine-month net profit rose 35% to IDR2.41 trillion ($251 million) from

Siam Cement Group optimistic about 4Q

Thu, 29 Oct 2009 00:00:00 +0000

Siam Cement Group (SCG), the country’s largest industrial conglomerate, is hopeful of a better fourth

DG Khan cement reverts to profit, Pakistan

Thu, 29 Oct 2009 00:00:00 +0000

DG Khan Cement Ltd., Pakistans second-biggest producer of the building material, returned to a profit in

Binani Cement in talks to acquire Turkish company

Wed, 28 Oct 2009 00:00:00 +0000

Binani Cement is in talks to acquire a cement firm in Turkey as part of its strategy

PPC sees FY headline EPS 35-45 per cent lower

Wed, 28 Oct 2009 00:00:00 +0000

Pretoria Portland Cement (PPC) said on Wednesday it expects to post a drop in full-year profit, mainly

Cemex seen posting a drop in 3Q net profit

Tue, 27 Oct 2009 00:00:00 +0000

Cemex is expected to report a fall in net profit for the third quarter on Tuesday, as U.S. and European

Oman’s Raysut Cement Q3 profit rises 22.9 per cent

Mon, 26 Oct 2009 00:00:00 +0000

Oman’s Raysut Cement reported a 22.9 per cent rise in third-quarter profit on Sunday, amid increased

RS Lodha’s son is now Birla Corp chairman

Mon, 26 Oct 2009 00:00:00 +0000

Harsh Vardhan Lodha has been appointed the chairman of Birla Corp "unanimously" by the board of

Binani Cement to mobilise funds for China operations

Mon, 26 Oct 2009 00:00:00 +0000

Project Today reported that Binani Cement Ltd is likely to raise US$30m via a bond issue by January 2010

JK Cement Board to consider Interim Dividend for 2009-10

Fri, 23 Oct 2009 00:00:00 +0100

JK Cement Ltd has announced that a meeting of the Board of Directors of the Company

Chettinad Cement Corp net up by 30 per cent for September quarter

Fri, 23 Oct 2009 00:00:00 +0100

Chettinad Cement Corporation announced a substantial rise in

West China Cement eyes Hong Kong

Fri, 23 Oct 2009 00:00:00 +0100

Chinese cement producer West China Cement proposes to list its shares

Prism Cement Equity Shareholders to approve scheme of amalgamation

Fri, 23 Oct 2009 00:00:00 +0100

Prism Cement Ltd has announced that by an Order passed on October 06, 2009,

Lafarge’s Nigerian unit Q3 pretax profit drops 21 per cent

Fri, 23 Oct 2009 00:00:00 +0100

Lafarge Cement WAPCO , the Nigerian unit

Wishing on a Texas star

Fri, 23 Oct 2009 00:00:00 +0100

Texas Industries annual meeting held in Dallas on October 22 looks set to see the Disney family investment firm Shamrock Holdings, replace three incumbent TXI directors with its own appointees.

Eagle Materials Manages to improve profits

Fri, 23 Oct 2009 00:00:00 +0100

Eagle Materials’ turnover, including its share of the Texan cement

Kenya’s Bamburi Cement sells 11 per cent in Athi Rive

Thu, 22 Oct 2009 00:00:00 +0100

Kenya’s Bamburi Cement sold 11 per cent of its

Vinita Singhania takes over as CMA President

Thu, 22 Oct 2009 00:00:00 +0100

Vinita Singhania, Managing Director of JK Lakshmi Cement, today took over as President of the Cement Manufacturers Association (CMA).

Fitch Upgrades HeidelbergCement’s IDR to ’BB-’: outlook positive

Thu, 22 Oct 2009 00:00:00 +0100

Fitch Ratings has today upgraded Germany-based HeidelbergCement AG’s

TXI, shareholders to face off today over board

Thu, 22 Oct 2009 00:00:00 +0100

A showdown between the management of Texas’ largest cement producer

Mexico’s Cemex 3Q earnings seen lower, but stabilising

Thu, 22 Oct 2009 00:00:00 +0100

In August, Cemex refinanced US$15bn in mostly bank debt

China Infrastructure Construction Completes USD$10m financing

Wed, 21 Oct 2009 00:00:00 +0100

China Infrastructure Construction Corporation (CHNC), one of the major U.S.-

Saudi Arabia’s Southern Cement Q3 net down 5.4 per cent

Wed, 21 Oct 2009 00:00:00 +0100

Saudi Arabia’s Southern Province Cement Co, the kingdom’s

Asia Cement (China)’s net profit up 74 per cent in Jan-Sep

Tue, 20 Oct 2009 00:00:00 +0100

Asia Cement (China) Holdings, a mainland subsidiary of Taiwan-based Asia Cement Corp,

Does Cemex still have room to run?

Tue, 20 Oct 2009 00:00:00 +0100

If you haven’t done so lately, you might want to take a gander at the stock chart

Titan may sell stake in Egyptian plant

Tue, 20 Oct 2009 00:00:00 +0100

Titan, Greeces biggest cement maker, is considering selling a minority stake in its Egyptian business

Saudi Arabia: Eastern Province Cement Co dips 0.4 per cent on low volume

Mon, 19 Oct 2009 00:00:00 +0100

Eastern Province Cement Company, Saudi Arabia’s 6th largest construction company

Qatar’s QNCC Q3 profit rises marginally

Mon, 19 Oct 2009 00:00:00 +0100

Qatar National Cement Co Monday posted a one per cent rise

Saudi Arabia: Yanbu Cement Co strengthens above Moving Average Price (MAP); 50-day MAP outperforms 200-day MAP

Mon, 19 Oct 2009 00:00:00 +0100

Yanbu Cement, Saudi Arabia’s 5th largest construction company by market capitalisation, has strengthened

India: Jaiprakash Associates: Invest for 1-2 years

Mon, 19 Oct 2009 00:00:00 +0100

aiprakash Associates Ltd (JAL) has come out with an attractive fixed deposit scheme

India: UltraTech Cement Q2 profit rises 53 per cent to INR251cr

Mon, 19 Oct 2009 00:00:00 +0100

Aditya Birla Group company UltraTech Cement on Friday reported

Cemex falls 3.8 per cent on high volume falling for a second consecutive day, a two day fall of 4.3 per cent

Mon, 19 Oct 2009 00:00:00 +0100

Cemex fell 53.0 cents (or 3.8 per cent) on high volume

Lafarge hits year-high 1st time in three months October 16, 2009

Mon, 19 Oct 2009 00:00:00 +0100

Lafarge, the 18th largest company by market capitalisation in the

Siberian Cement Holding shareholding to change, Russia

Thu, 15 Oct 2009 00:00:00 +0100

Two minorities of Siberian Cement Holding one of the cement holding founders,

HeidelbergCement doubles up

Thu, 15 Oct 2009 00:00:00 +0100

HeidelbergCement AG, the German cement maker, raised more than double the amount it initially sought

Lafarge launches a share capital increase for employees

Wed, 14 Oct 2009 00:00:00 +0100

Lafarge announces a share capital increase reserved for the eligible employees of companies participating

Ciments Francais up on Natixis upgrade

Wed, 14 Oct 2009 00:00:00 +0100

Shares in Ciments Francais gain 3.8 percent, one of the the biggest gainers on France’s broad SBF120 index

Cemex debt restructuring may trigger CDS payments

Tue, 13 Oct 2009 00:00:00 +0100

A recent debt restructuring by Cemex may trigger around US$600m in payments on credit default swaps

HeidelbergCement to sell EUR1bn of bonds

Tue, 13 Oct 2009 00:00:00 +0100

HeidelbergCement AG said it plans to sell at least EUR1bn (US$1.47bn) of five- and seven-year bonds to refinance borrowing in its first note issue in almost two years.

Texas Industries Calls Shamrock Talks Unsuccessful

Tue, 13 Oct 2009 00:00:00 +0100

Texas Industries Inc.’s management and the company’s third-largest shareholder have been unable to

JP Morgan maintains ’Overweight rating on Ultratech Cement

Mon, 12 Oct 2009 00:00:00 +0100

JP Morgan maintains the ’Overweight rating on Ultratech Cement with a revised target price of Rs 950.

JPMorgan Chase raises stake in China Shanshui Cement

Mon, 12 Oct 2009 00:00:00 +0100

US-based financial holding company JPMorgan Chase & Co recently raised its shareholding in China

S&P lifts corporate credit, debt ratings for Cemex

Sat, 10 Oct 2009 00:00:00 +0100

Standard & Poors Ratings Services said Thursday it raised its long-term corporate credit and senior

East Africa Portland Cement plans to sell bonds

Fri, 9 Oct 2009 00:00:00 +0100

East Africa Portland Cement Co., Kenyas second-largest cement maker, plans to issue a convertible bond

Hanson & Hawaiian Rock partnership, Guam

Thu, 8 Oct 2009 00:00:00 +0100

Hanson Permanente Cement of Guam and Hawaiian Rock Products have formed a strategic alliance

Saudi’’s Yanbu Cement Q3 profit drops 20%

Thu, 8 Oct 2009 00:00:00 +0100

Saudi Arabia’s Yanbu Cement Co. posted an almost 20 per cent drop in third-quarter net profit due to

Mexicos Peso Gains as PRI Seeks More Spending Cuts in 2010

Thu, 8 Oct 2009 00:00:00 +0100

Mexicos peso gained for a fourth day as lawmakers from the Institutional Revolutionary Party said they

Saudi Qassim Cement plans bonus share issue

Thu, 8 Oct 2009 00:00:00 +0100

Saudi Qassim Cement has announced plans to offer its shareholders one bonus share for each existing stock

Fitch raises Martin Marietta Materials’ rating

Thu, 8 Oct 2009 00:00:00 +0100

Fitch Ratings has affirmed the ratings of Martin Marietta Materials, Inc. as follows:

Prism Cement Q2 profit rises over two-fold

Wed, 7 Oct 2009 00:00:00 +0100

Prism Cement on Tuesday reported a rise of over two-fold in its net profit for the second quarter ended

HeidelbergCement to launch high-yield bond

Wed, 7 Oct 2009 00:00:00 +0100

HeidelbergCement AG will launch a high-yield bond of more than EUR1bn (US$1.47bn) early next week

Tabuk first half decline, Saudi Arabia

Mon, 5 Oct 2009 00:00:00 +0100

Saudi cement producer Tabuk Cement Company (TCC) registered a decline in its net profit for the first

CR Cement prices shares at high end of range

Mon, 5 Oct 2009 00:00:00 +0100

China Resources Cement Holdings has priced its shares at the high end of the offer range at HK$3.90 each.

Akermann CEO: liquidity needs met

Mon, 5 Oct 2009 00:00:00 +0100

Holcim Ltd.’s liquidity needs have been met with recent refinancing efforts, and the firm doesn’t plan any

UltraTech plans public offer to fund expansion

Mon, 5 Oct 2009 00:00:00 +0100

UltraTech is planning a follow-on public offer to fund the expansion of its cement business. The

Merckle loses blocking minority in HeidelbergCement

Thu, 1 Oct 2009 00:00:00 +0100

Ludwig Merckle holds only 24.42% in German cement maker HeidelbergCement after he sold around

Holcim names Thackwray to executive Committee as of 2010

Tue, 29 Sep 2009 00:00:00 +0100

Holcim Ltd Tuesday said it has named Ian Thackwray, currently CEO of Holcim Philippines, to the company’s executive board as of

China Resources Cement raises HK$6.39bn via HK IPO

Tue, 29 Sep 2009 00:00:00 +0100

China Resources Cement Holdings Ltd(1313), the largest cement producer in South China, has raised HK$6.39 billion through an initial public offering on the Hong

Vietinbank Finances VND700bn for Vietnam plant

Tue, 29 Sep 2009 00:00:00 +0100

Vietnam Joint Sock Bank for Industry and Trade (VietinBank) has inked a deal to finance VND700 billion ($39.23 million) for ROLI Investment JSC underway cement

Semen Gresik plans to buy state-owned paper producer

Tue, 29 Sep 2009 00:00:00 +0100

Indonesia’s largest cement producer, PT Semen Gresik is exploring the possibility to acquire a local state-owned paper producer

ACC to raise US$62.5m via bonds

Fri, 25 Sep 2009 00:00:00 +0100

India’s largest cement maker, ACC, plans to raise INR3bn (US$62.5m) via bonds,

HeidelbergCement rating outlook raised to positive by Moodys

Fri, 25 Sep 2009 00:00:00 +0100

HeidelbergCements credit rating may be raised by Moodys Investors Service after

Holcim US Finance/ Holcim Cap sells US$1bn debt

Thu, 24 Sep 2009 00:00:00 +0100

Holcim US Finance and Holcim Capital Corp on Thursday sold US$1bn debt in a two-part offering, said

Sekhsaria to replace Neotia at Ambuja, India

Thu, 24 Sep 2009 00:00:00 +0100

Ambuja Cements chairman Suresh Neotia has stepped down from the board of the company after serving

Merckle’s HeidelbergCement stake at 25 per cent -source

Wed, 23 Sep 2009 00:00:00 +0100

Ludwig Merckle will be left with roughly 25 percent in HeidelbergCement after a share sale,

Vietnam Cement Co revenue meets 105% of full-year target

Tue, 22 Sep 2009 00:00:00 +0100

Hoang Mai Cement Joint Stock Company (HOM) had revenue of VND99.8bn (US$5.595m) in the first

Eagle Materials names three executives to finance

Tue, 22 Sep 2009 00:00:00 +0100

Cement, aggregate, ready mixed and wallboard producer Eagle Materials recently named Craig Kesler

HeidelbergCement’s rights issue & placing

Tue, 22 Sep 2009 00:00:00 +0100

HeidelbergCement’s rights issue and the share placing by the controlling shareholders is set to raise a gross

TXI: Largest investor joins other shareholders in push for new directors

Mon, 21 Sep 2009 00:00:00 +0100

Texas Industries Inc.’s largest investor said Thursday that he would side with a faction of shareholders to

Lee Shau-kee buys into shares of China Resources Cement

Mon, 21 Sep 2009 00:00:00 +0100

Tycoon Lee Shau-kee, chairman of Henderson Land Development Co Ltd, subscribed US$100m worth of

TPI: Cheap valuation still offers implied upside

Mon, 21 Sep 2009 00:00:00 +0100

Despite the SET’s recent rally Buy call is reiterated for TPIPL based on its positive earnings outlook with

Boral appoints Mark Selway as CEO

Thu, 17 Sep 2009 00:00:00 +0100

Building materials supplier Boral Ltd has appointed Mark Selway as chief executive, effective from

UniCredits HVB may cut stake in HeidelbergCement

Thu, 17 Sep 2009 00:00:00 +0100

UniCredit SpAs HVB Group will probably dilute its stake in HeidelbergCement AG to 4 percent, daily Il Sole 24 Ore reported

Cemex Rises to highest in 11 Months on US outlook

Thu, 17 Sep 2009 00:00:00 +0100

Cemex rose to the highest in 11 months in New York trading on increasing evidence of a recovery in the

Advance tax numbers suggest pressure on cement cos

Thu, 17 Sep 2009 00:00:00 +0100

UltraTech Cement, an Aditya Birla Group company, has skipped advance tax payment in the second

Fitch: No Rating Impact For HeidelbergCement

Wed, 16 Sep 2009 00:00:00 +0100

Fitch Ratings said today that there will be no immediate rating impact on HeidelbergCement AG’s (HC)

Wienerberger plans capital hike; Libya may buy 10% stake

Tue, 15 Sep 2009 00:00:00 +0100

Wienerberger AG said Monday it aims to raise at least EUR335.8m to repay debt and strengthen its

Execs defect from CRH to join former US boss

Mon, 14 Sep 2009 00:00:00 +0100

Ireland’s biggest listed company CRH has lost a number of top executives, who have left to join rival

HeidelbergCement two-for-one share sale to repay debt

Mon, 14 Sep 2009 00:00:00 +0100

HeidelbergCement AG plans a two-for-one share sale to raise funds that will help cut debt.

Saudi’s Tabuk Cement General Manager Resigns

Mon, 14 Sep 2009 00:00:00 +0100

Saudi Arabia’s Tabuk Cement Co. said Saturday its general manager Walid Kassab al Hemaidi has resigned

Monarch Cement reports acquisition by VP Perez

Mon, 14 Sep 2009 00:00:00 +0100

Monarch Cement Co, Humboldt, Kan, has filed the Securities and Exchange Commission noting the change

ICRA places RMC Readymix India’s ratings on "positive" watch

Sun, 13 Sep 2009 00:00:00 +0100

ICRA has placed on "positive" watch the LBBB+ and A2+ ratings on Indian concrete maker and trader

UBS cuts Lafarge to "neutral"

Thu, 10 Sep 2009 00:00:00 +0100

UBS downgraded French cement group Lafarge to "neutral" from "buy", but raised its share price target

West China additional listing

Thu, 10 Sep 2009 00:00:00 +0100

The directors of West China Cement advise that the Company has allotted 60,000 ordinary shares of 10p,

Cemex announces global public offering

Wed, 9 Sep 2009 00:00:00 +0100

Cemex announced today that it commenced a global public offering of 1,200 million of its

Competition Board approves Van Cimento deal, Turkey

Tue, 8 Sep 2009 00:00:00 +0100

The competition board announced that it approved the deal between local cement maker Askale Cimento

UltraTech rating reaffirmed, India

Mon, 7 Sep 2009 00:00:00 +0100

Credit rating agency, CRISIL has withdrawn its ratings on UltraTech`s INR1.50-billion non-convertible

Cemex shareholders approve issue of new shares worth US$2bn

Mon, 7 Sep 2009 00:00:00 +0100

Shareholders of Cemex have approved a resolution to issue US$2bn worth of shares, equivalent to 1.6bn

West China Cement pretax profit up, debates listing location

Fri, 4 Sep 2009 00:00:00 +0100

West China Cement Ltd said its first-half pretax profit more than doubled, mainly reflecting higher cement prices and margins, and that it was on track to produce around 7.5Mt of cement from next year

BRI provides L/C for Semen Gresik

Thu, 3 Sep 2009 00:00:00 +0100

PT Bank Rakyat Indonesia Tbk (BRI) provides the letter of credit (L/C) facility worth EUR33.3m and

Cimpors Teixeira Duarte resigns

Thu, 3 Sep 2009 00:00:00 +0100

Portugal-based Cimpor has announced that Pedro Teixeira Duarte has resigned from its management board.

China Resources to expand after HK$4b offering

Thu, 3 Sep 2009 00:00:00 +0100

China Resources Cement Holdings, a spin-off from China Resources Holdings, aims to boost annual

Peru’s Brescia buys part of Lafarge Chile unit

Wed, 2 Sep 2009 00:00:00 +0100

Peru’s Brescia group has completed the purchase of a large stake in the Chilean unit of Lafarge SA, the

Cemex ratings will continue to improve, analyst says

Tue, 1 Sep 2009 00:00:00 +0100

Standard & Poor’s (S&P) has reviewed its creditwatch on Cemex’s national and international ratings

China Resources Cement to sell 1.64bn shares

Tue, 1 Sep 2009 00:00:00 +0100

China Resources Cement Holdings Ltd. plans to sell 1.64 billion shares in an initial public offering next

ACC to raise US$62m bonds, loans-sources

Tue, 1 Sep 2009 00:00:00 +0100

ACC Ltd is looking to raise about INR3bn (US$61.5m) via bonds or loans or a combination of both,

Portuguese Cimpor still wants to sell C+PA

Tue, 1 Sep 2009 00:00:00 +0100

Cimpor still wants to sell its 48% stake in C+PA after the failure of the sale agreement with builder

BBMG to buy 61% stake in Tianjin producer

Tue, 1 Sep 2009 00:00:00 +0100

BBMG Corporation said it has signed a non legally-binding memorandum of understanding on 30 August

KHD appoints new COO

Sun, 30 Aug 2009 00:00:00 +0100

KHD Humboldt Wedag International Ltd (KHD) announced that its Board of Directors has appointed

Controlling Shareholder raises stake in Anhui Conch Cement

Fri, 28 Aug 2009 00:00:00 +0100

Anhui Conch Cement Co Ltd, announced that its controlling shareholder, Wenzhou Conch Group Co,

Arkan Building Materials 100m Shares to be unlocked

Fri, 28 Aug 2009 00:00:00 +0100

After the expiry of a two year lock-in period on Tuesday, 100 million shares of Arkan Building Materials

Prosperity: proposed transfer of shares, Hong Kong

Thu, 27 Aug 2009 00:00:00 +0100

Prosperity Minerals Holdings Limited which operates a cement manufacturing business in the

Yanbu Cement H109 net profit down

Thu, 27 Aug 2009 00:00:00 +0100

Saudi cement producer Yanbu Cement Co (YCC) registered a decline in its net profit for the first half of

Readymix posts EUR6.9m losses

Thu, 27 Aug 2009 00:00:00 +0100

Readymix has reported a pre-tax loss of 6.9m for the first half of the year and warned that demand has

Capital Group cuts stake in Anhui Conch Cement to 5.7%

Tue, 25 Aug 2009 00:00:00 +0100

Capital Group Companies Inc recently cut its shareholding in Anhui Conch Cement Co Ltd to 5.7% from

CRH sees 82 per cent profits slump

Tue, 25 Aug 2009 00:00:00 +0100

The ISEQ’s biggest company CRH has announced an 82 per cent slump

TXI boardroom battle, US

Mon, 24 Aug 2009 00:00:00 +0100

Management at the Dallas-based cement maker faces a new onslaught from the people

FLSmidth reports 2Q rise

Fri, 21 Aug 2009 00:00:00 +0100

FLSmidth & Co. A/S reported a 17% jump in second-quarter net profit and said it will pay an

SCCC’s profit decline slows as demand revives

Fri, 21 Aug 2009 00:00:00 +0100

In 2Q09, Siam City Cement Plc (SCCC) posted a fall of 9.5% in net profit on a YoY basis to

Adelaide Brighton sticks to outlook, Australia

Fri, 21 Aug 2009 00:00:00 +0100

Adelaide Brightons managing director Mark Chellew said yesterday that commercial activity would be

Forbes: billionaire on the brink?

Thu, 20 Aug 2009 00:00:00 +0100

Aliko Dangote, Nigerias first billionaire and richest man (net worth: $2.5 billion), has faced down bitter

Fitch changes Cemex outlook to stable, leaves rating At B

Wed, 19 Aug 2009 00:00:00 +0100

Fitch Ratings said Tuesday it affirmed cement company Cemex’s (CX) credit rating at B, and changed the

Sephaku to list on JSE main board

Wed, 19 Aug 2009 00:00:00 +0100

South African diversified exploration company Sephaku Holdings would list on the main board of the

Readymix posts first half loss of EUR6.9m

Wed, 19 Aug 2009 00:00:00 +0100

Cement products supplier Readymix has posted a pre tax loss of EUR6.9m for the six months to June, as

ACC 2Q benefits from rise in cement realisations

Fri, 14 Aug 2009 00:00:00 +0100

ACC’s result for the June ’09 quarter was better than expectations. The company benefited from a 13%

Italcementi secures EU550m in new financing

Fri, 14 Aug 2009 00:00:00 +0100

Italcementi Group, the holding that controls Italcementi SpA, has agreed to a EUR550m (US$782m)

Taiwans cement firms see earnings growth in Q2

Thu, 13 Aug 2009 00:00:00 +0100

Taiwains leading cement producers, including Taiwan Cement Corp., Asia Cement Corp., Universal Cement Corp. and Goldsun Development & Construction Co,

Cemex says all creditors support debt deal

Tue, 11 Aug 2009 00:00:00 +0100

Mexicos Cemex said on Monday all its creditors have indicated they will support a proposal to refinance

Prism Cement board approves amalgamation

Mon, 10 Aug 2009 00:00:00 +0100

Prism Cement Ltd has informed that the Board of Directors of the Company at its meeting held on

PPC chief operating officer resigns, South Africa

Fri, 7 Aug 2009 00:00:00 +0100

Dr Orrie Fenn has resigned as a director of PPC with effect from 5 August 2009

Qassim Cement to double capital to US$240m

Thu, 6 Aug 2009 00:00:00 +0100

Saudi cement producer Qassim Cement Co (QCC) has received approval from Saudi stock market

Morgan Stanley, wary on stimulus impact, cuts CRH

Thu, 6 Aug 2009 00:00:00 +0100

Morgan Stanley on Wednesday cut its rating on Irish building-materials company CRH Plc to underweight

Cemex may need to sell more assets

Tue, 4 Aug 2009 00:00:00 +0100

Cemex’s attempts at restructuring some US$15.5bn in debt may not be enough to stabilise its financial

Holcim prices A$500m 3-yr bond issue

Tue, 4 Aug 2009 00:00:00 +0100

The Australian unit of Holcim has priced A$500m (US$423m) in three-year notes at 335 basis points

Holcim Indonesia reports 22% fall in net profit

Tue, 4 Aug 2009 00:00:00 +0100

PT Holcim Indonesia said net profits fell 21.78 per cent to IDR280bn (US$28m) in the first half of 2009

TCL profits down

Tue, 4 Aug 2009 00:00:00 +0100

Weak demand for cement products and the economic downturn around the Caribbean have chipped away

Dyckerhoffs sharp volume drops in Ukraine, Russia & USA

Tue, 4 Aug 2009 00:00:00 +0100

Buzzi Unicems quoted subsidiary Dyckerhoff has reported a 32.4% drop in first half turnover to

Italcementi’s strongest volume falls in Spain, Italy and USA

Tue, 4 Aug 2009 00:00:00 +0100

Italcementi’s first half turnover showed an 11.6% reduction to EUR2,585.7m and the running EBITDA was down by 16.2% to EUR497.4m

Cemex Says Bankers Agree to Waiver in Debt Proposal

Mon, 3 Aug 2009 00:00:00 +0100

Cemex said banks agreed to extend a covenant waiver to allow the company to complete a refinancing of

Thailands TPI Polene (TPIPL): 2Q09 earnings

Fri, 31 Jul 2009 00:00:00 +0100

TPIPL reported a 2Q09 net profit of Bt840mn, turning from a net loss of Bt6.8bn in 2Q08 and up 109%

Colombias Cementos Argos 1H profit up

Fri, 31 Jul 2009 00:00:00 +0100

Cementos Argos SA, Colombias biggest cement maker, reported profit rose 128 per cent in the first six

Cemex Has 90% creditor support for refinance plan

Thu, 30 Jul 2009 00:00:00 +0100

Cemex has 90 per cent creditor support for a plan to refinance almost $15 billion of bank debt and is

Siam Cement second quarter drop, Thailand

Thu, 30 Jul 2009 00:00:00 +0100

Siam Cement PCL reported a 5% drop in second-quarter profit on weaker sales, and warned that its

Portland opts to hedge on loan over volatility, Kenya

Wed, 29 Jul 2009 00:00:00 +0100

East African Portland Cement Company has decided to hedge on a yen-denominated loan it got from the

Strong sales lift Grasim net 61%

Wed, 29 Jul 2009 00:00:00 +0100

Grasim Industries, part of the Aditya Birla Group, has posted a 61% growth in consolidated net profit at

Holcim increases shares in Cessa, El Salvador

Wed, 29 Jul 2009 00:00:00 +0100

Holcim has acquired 90% of the shares of Cemento del Salvador (Cessa).

Wesfarmers chairman to succeed Ken Moss at Boral, Australia

Wed, 29 Jul 2009 00:00:00 +0100

After 10 years as chairman of building materials group Boral, Ken Moss will step down next May to

Union Cement’s earnings up 50% , UAE

Tue, 28 Jul 2009 00:00:00 +0100

Union Cement Co (UCC) yesterday reported profits for the first half rose by 50 per cent to Dh90m.

Cementos Portland 1H09 profit dips

Tue, 28 Jul 2009 00:00:00 +0100

The net profit of Spanish cement producer Cementos Portland Valderrivas fell by 69.7% on the year to

VHMEL to acquire 28.955 % shares of Pioneer Cement, Pakistan

Tue, 28 Jul 2009 00:00:00 +0100

Vision Holding Middle East Ltd (VHMEL), a company incorporated in British Virgin Islands has

Bain, CVC, 3i Eyeing HeidelbergCement Malaysian Assets

Tue, 28 Jul 2009 00:00:00 +0100

Private equity firms Bain Capital LLC, CVC Capital Partners Ltd. and 3i Group PLC have shown interest

Umm Al-Qaiwain Cement 2Q net drops

Tue, 28 Jul 2009 00:00:00 +0100

Umm Al-Qaiwain Cement Industries Co, a United Arab Emirates-based cement producer, said second-

Holcims Weijde named new CEO of Ambuja Cements

Tue, 28 Jul 2009 00:00:00 +0100

Ambuja Cements Ltd (ACL), Indias second largest cement maker, will get a new chief executive officer

CRH offers to buy back $100m of bond debt

Mon, 27 Jul 2009 00:00:00 +0100

CRH Plc is offering to buy back as much as US$100m (70m) of 6.4pc bonds due 2033 issued by

China National Materials Co to sell bonds

Mon, 27 Jul 2009 00:00:00 +0100

China National Materials Co said on Monday that it has won approval from China’s securities regulator to

Qatar National Cement first-half profit

Sun, 26 Jul 2009 00:00:00 +0100

Qatar National Cement Co, a producer of materials for the construction industry, said first- half profit rose

TPI Polene upbeat on 2009 earnings, Thailand

Thu, 23 Jul 2009 00:00:00 +0100

TPI Polene PCL , Thailand’s third-largest cement maker, said on Thursday it expected debt restructuring

Lafarge falls on lower guidance talk

Thu, 23 Jul 2009 00:00:00 +0100

Lafarge falls 2.7 per cent on market talk that the company may revise its sales forecast lower, traders say.

Raysut Cement 2Q profit up nine per cent

Thu, 23 Jul 2009 00:00:00 +0100

Oman’s Raysut Cement Company reported on Wednesday profit of OMR9.46m (US$24.56m) in the second

Cimentas to buy 70% of waste company

Tue, 21 Jul 2009 00:00:00 +0100

Turkish cement producer Cimentas is set to buy a 70% stake in a waste company, namely Serhat Atik.

Arabian Cement Q2 net profit drops 8.6%

Tue, 21 Jul 2009 00:00:00 +0100

Saudi’’s Arabian Cement Co posted on Monday an 8.6 per cent decline in net profit for the

Moody’s cuts to "negative" outlook on Italcementi’s Baa2 rating

Tue, 21 Jul 2009 00:00:00 +0100

Credit rating agency Moody’s lowered today its outlook on the Baa2 issuer rating of

Chile: Blondot confirms Lafarge divestment plans

Tue, 21 Jul 2009 00:00:00 +0100

In a note to the Superintendencia de Valores y Seguros (SVS), the general director of Lafarge Chile

Holcim Indonesia to appoint temporary president director

Mon, 20 Jul 2009 00:00:00 +0100

PT Holcim Indonesia Tbk will soon appoint an official to temporarily take the post of president director

Cemex completes MXN$2.2bn securitisation of accounts receivables

Fri, 17 Jul 2009 00:00:00 +0100

Cemex announced today that it has successfully raised MXN$2.2bn (approximately US$160m), through

L&T profit triples after stake sale in UltraTech Cement

Fri, 17 Jul 2009 00:00:00 +0100

Indias biggest engineering and construction firm Larsen and Toubro Ltd (L&T) on Thursday said firs

Morgan Stanley sells US$80m block in Shanshui Cement

Thu, 16 Jul 2009 00:00:00 +0100

Morgan Stanley Private Equity last night took advantage of the improved sentiment in the Hong Kong

Cemex expecting US$170m

Thu, 16 Jul 2009 00:00:00 +0100

Cemex expects to raise up to CHP2.3bn (US$170m) from a securitisation of accounts receivables

Readymix predicts 7m pre-tax loss

Wed, 15 Jul 2009 00:00:00 +0100

Readymix has forecast it will post a pre-tax loss of nearly 7m for the first half of this year.

Cemex to raise US$167m in debt sale

Wed, 15 Jul 2009 00:00:00 +0100

Cemex is planning to sell 2.5-year bonds worth US$167m, The Wall Street Journal reports.

New capacity ’key to Lafarge India plans’

Tue, 14 Jul 2009 00:00:00 +0100

Lafarge is planning to nearly double the revenue contribution of its Indian subsidiary to 8% over the next

Tabuk Cement Q2 net profit tumbles 45%

Tue, 14 Jul 2009 00:00:00 +0100

Saudi Arabia’s Tabuk Cement Co said on Monday its 2009 second-quarter net profit dropped 45 per cent

Yamama profit drops 27%, Saudi Arabia

Tue, 14 Jul 2009 00:00:00 +0100

Yamama Saudi Cement Co said on Monday its 2009 second-quarter net profit dropped 27 per cent to

Qassim Cement mulls 100 per cent bonus shares

Mon, 13 Jul 2009 00:00:00 +0100

The Qassim Cement Company of Saudi Arabia is planing to offer shareholders one bonus share for each

Southern Cement 2Q net falls 7.8% , Saudi Arabia

Mon, 13 Jul 2009 00:00:00 +0100

Southern Cement made a net profit of SAR212m ($56.53m) in the three months to June 30, down from

Sunway declines comment on HeidelbergCement buy

Mon, 13 Jul 2009 00:00:00 +0100

Sunway Holdings Bhd has declined comment on talk that the company is bidding to acquire the local

Prosperity Minerals FY Pretax profit US$7.7m vs US$59.3m

Thu, 9 Jul 2009 00:00:00 +0100

Prosperity Minerals Holdings Ltd said Thursday that for the year ended March 31, it made a pretax profit

Holcim successfully places a CHF1bn bond

Thu, 9 Jul 2009 00:00:00 +0100

Holcim Ltd has issued a CHF 1 billion bond with a coupon of four per cent and a tenor of four years and five months

Hanson may list local unit on Australian Exchange

Thu, 9 Jul 2009 00:00:00 +0100

Hanson Ltd may list its local unit on the Australian stock exchange

Holcim sees difficult outlook for 2009

Wed, 8 Jul 2009 00:00:00 +0100

Holcim said 2009 would remain difficult with demand still weak in the United States, Spain and Eastern Europe but emerging markets helping to slow a decline in earnings.SwFr42 ($38.5) per share. The c

Prism Cement April-June net at INR742.5m

Tue, 7 Jul 2009 00:00:00 +0100

Prism Cement Ltd on Tuesday posted a net profit of INR742.5 rupees on net sales of INR2.7bn

Yanbu Cement Q2 net hits US$40.2m

Tue, 7 Jul 2009 00:00:00 +0100

Saudi-based Yanbu Cement Company has posted a net profit of SR151m (US$40.27m) in the three months

Siberian Cement Holding new President

Tue, 7 Jul 2009 00:00:00 +0100

Siberian Cement Holding has announced the appointment of Georg Kleger as a

Yamama to take 20% stake in Yemeni Saudi

Mon, 6 Jul 2009 00:00:00 +0100

Saudi Arabia’s third biggest cement firm by sales, Yamama Cement, has said that it has agreed to take a

Qassim Cement to double capital to US$240m

Mon, 6 Jul 2009 00:00:00 +0100

Saudi’s Qassim Cement Co said Saturday it will double its capital to SAR900m (US$239.9m) to meet the

HVB controls 6.4 per cent of HeidelbergCement

Fri, 3 Jul 2009 00:00:00 +0100

Unicredit’s German unit HVB holds a 6.4 percent stake in HeidelbergCement AG as part of a

Vietnam cement firm plans share offer to raise capital

Thu, 2 Jul 2009 00:00:00 +0100

Bim Son Cement Joint Stock Company (BCC) has passed a plan to offer unsold shares from 2008 to raise

Not much value in merging with UltraTech: Grasim

Thu, 2 Jul 2009 00:00:00 +0100

Grasim Industries, the leading cement maker of the A V Birla group, is not enthusiastic at a proposal to

HeidelbergCement puts Irvine Whitlock up for sale

Thu, 2 Jul 2009 00:00:00 +0100

Brickwork contractor Irvine Whitlock is being put up for sale as part of the break-up of the Hansons

CNBM buys parent’s cement biz at US$851m

Wed, 1 Jul 2009 00:00:00 +0100

China National Building Material (CNBM) has agreed to acquire from its controlling shareholder equity

Cemex presents bank debt refinancing plan

Wed, 1 Jul 2009 00:00:00 +0100

Cemex said it’s in the process of presenting a refinancing plan to its core bank creditors that seeks to reschedule US$14.5bn in debt through 2014.

CNBM acquires stakes in 10 cos from parent

Mon, 29 Jun 2009 00:00:00 +0100

China National Building Material Co made successful bids to acquire stakes in 10 cement companies from

BK Birla targets 50% stake in group companies

Mon, 29 Jun 2009 00:00:00 +0100

Basant Kumar Birla intends to scale up promoter’s holding in group companies to at least 50 % over the next three years.

Czech Republic: Lafarge Cement to use CZK379m profit for dividend

Fri, 26 Jun 2009 00:00:00 +0100

Czech cement maker Lafarge Cement will use last year’s CZK379.4m (14.6m or US$20.4m) profit for dividend payment

India’s Grasim may absorb UltraTech unit

Thu, 25 Jun 2009 00:00:00 +0100

India’s Grasim Industries plans to absorb its unit UltraTech Cement, to consolidate the group’s cement business under one arm,

CRH announces non-executive board appointment

Wed, 24 Jun 2009 00:00:00 +0100

The Board of CRH plc announced the co-option to the Board today, 24 June 2009, of John W Kennedy, as a non-executive Director.

Holcim well placed to buy into construction downturn

Wed, 24 Jun 2009 00:00:00 +0100

Holcim, the worlds second-largest cement maker, is well equipped to exploit a global construction slump and snap up more

No HeidelbergCement deal on Hanson set in concrete just yet

Mon, 22 Jun 2009 00:00:00 +0100

Germany’s HeidelbergCement has refinanced 8.7bn (US$15.1bn) in debt, taking some of the urgency away from any potential sale of its local unit, Hanson Australia

HeidelbergCement shares rise on refinancing agreement

Fri, 19 Jun 2009 00:00:00 +0100

HeidelbergCement, the German cement maker owned by billionaire Ludwig Merckle, rose the most in more than three months

Cemex could sell stock to relieve debt squeeze

Fri, 19 Jun 2009 00:00:00 +0100

Mexican cement giant Cemex SA, weighed down by huge debts from an acquisition made as the US housing-market went into freefall,

HeidelbergCement seen up on financing

Thu, 18 Jun 2009 00:00:00 +0100

Shares in German cement maker HeidelbergCement are indicated 4.4 per cent higher in pre-market trade

LIC purchases INR174 crore shares of Ultratech Cement

Thu, 18 Jun 2009 00:00:00 +0100

Life Insurance Corporation (LIC) of India has purchased 24lakh share of Ultratech Cement

Cemex Falls to Three-Week Low on Bank of America Cut

Wed, 17 Jun 2009 00:00:00 +0100

Cemex plunged to the lowest in three weeks in New York trading after it was cut to underperform from

Italcementi, Ciments Francais boards to meet Friday

Wed, 17 Jun 2009 00:00:00 +0100

The boards of Italcementi and Ciments Francais will meet on Friday to discuss the merger of the two

Cemex in further divestments

Mon, 15 Jun 2009 00:00:00 +0100

Martin Marietta Materials has paid Cemex US$65m for three quarries in Nebraska, Wyoming and Utah as

Larsen & Toubro said to be selling 8.3% of UltraTech

Thu, 11 Jun 2009 00:00:00 +0100

Larsen & Toubro Ltd, Indias biggest engineering company, is offering to sell 10.3 million shares in

Vulcan expects weak orders to cut 2009 profit

Thu, 11 Jun 2009 00:00:00 +0100

Vulcan Materials Co on Wednesday forecast 2009 profit below Wall Street expectations as construction

Lafarge Cement appoints new SA chief

Thu, 11 Jun 2009 00:00:00 +0100

Lafarge Cement has appointed Thierry Legrand as its new CEO for South Africa.

GCC says talks with creditors continue

Wed, 10 Jun 2009 00:00:00 +0100

Mexican cement maker Grupo Cementos de Chihuahua (GCC), said Tuesday that it is still in talks with

TCC Intl buys Guangxi cement maker at HK$1.76bn

Mon, 8 Jun 2009 00:00:00 +0100

TCC International said its subsidiary, TCCI, agreed to acquire the entire issued share capital of TCCI

Heidelberg Cement says financing goes in right direction

Thu, 4 Jun 2009 00:00:00 +0100

Talks between German highly-indebted Heidelberg Cement AG and some 40 creditors are going in the right direction

Cemex not likely to issue bonds before 3Q

Mon, 1 Jun 2009 00:00:00 +0100

Cemex is unlikely to go through with a MXP5bn (US$379m) bond issue without first announcing the

Semen Gresik: in IDR3.55trn funding deal with bank Mandiri

Fri, 29 May 2009 00:00:00 +0100

Semen Gresik Group said Thursday that it has secured a IDR3.55 trillion debt-financing facility with PT

Cimpor names Jorge Moura permanent CEO

Fri, 29 May 2009 00:00:00 +0100

Cimpor will appoint Jorge Moura, its temporary CEO, officially to the post as of June 1, 2009, Cimpor

Holcim (Slovensko) Reports EUR 26.673m. Profit Last Year

Fri, 29 May 2009 00:00:00 +0100

The largest cement producer in Slovakia, Holcim (Slovensko), a.s. Bratislava, netted SKK 803.539m

South Africa: Stuiver to take over at PPC from CEO Gomersall

Thu, 28 May 2009 00:00:00 +0100

Pretoria Portland Cement (PPC), SA’s largest cement maker, yesterday announced the sudden departure of

New MD of Holcim Bangladesh

Wed, 27 May 2009 00:00:00 +0100

Rajnish Kapur has been appointed the new Managing Director of Holcim Bangladesh Ltd, to succeed

Bank Sohar, Oman Cement sign deal for term loan facility

Tue, 26 May 2009 00:00:00 +0100

Bank Sohar and Oman Cement Company have signed an agreement for a term loan facility for OMR20m

Siam City Cement to focus on cost-cutting, Thailand

Thu, 21 May 2009 00:00:00 +0100

Siam City Cement PCL, Thailand’s second largest cement maker, is focusing on cost-cutting to

Fitch Rates Lafarge’s Bonds At BBB

Thu, 21 May 2009 00:00:00 +0100

Fitch Ratings has today assigned Lafarge EUR1bn 7.625% bond, maturing in 2014, and its GBP350m

Cimpor sells 48% in C+PA to Teixeira Duarte

Thu, 21 May 2009 00:00:00 +0100

Portuguese cement producer Cimpor agreed to sell 48% in C+PA to local builder Teixeira Duarte for

Lafarge sets size eight-year bond at UK£350m

Wed, 20 May 2009 00:00:00 +0100

Lafarge set final terms on a planned eight-year sterling bond at a size of UK£350m (US$54m) and final

Grasim 4Q net profit down; sees pressure on margins

Wed, 20 May 2009 00:00:00 +0100

India’s Grasim Industries Ltd posted Tuesday a 42% decline in fiscal fourth-quarter unconsolidated net

Arabian Cement Co 1Q09 net profit down 10% YoY

Tue, 19 May 2009 00:00:00 +0100

Saudi cement producer Arabian Cement Company (ACC) said its net profit for the first quarter of 2009 has

Ciment de Sibline 2008 profit at LBP9.8bn

Tue, 19 May 2009 00:00:00 +0100

Ciment de Sibline SAL, the third largest cement producer in Lebanon, said net profit for 2008 reached

Lafarge Plans 2014 Euro Benchmark Bond Issue

Mon, 18 May 2009 00:00:00 +0100

Lafarge SA plans to issue a euro-denominated benchmark bond that is due to mature May 27, 2014, one of

Siam City Cement (SCCC): Fair 1Q09 earnings

Mon, 18 May 2009 00:00:00 +0100

Siam City Cement (SCCC) was still able to post an acceptable 1Q09 net profit of Bt805mn (EPS Bt3.50),

Egypt’s Alexandria Cement 1Q net profit surges 87 per cent

Mon, 18 May 2009 00:00:00 +0100

Egypt’s Alexandria Cement posted an 87 per cent rise in net profit on Sunday to E£66.6m (US$11.9m) for

Cemex prices were countrys highest in Jan-Apr, Mexico

Fri, 15 May 2009 00:00:00 +0100

A survey conducted by the Mexican branch of Citigroup has determined that the prices charged by

Siam Cement Group expects its export business to fall

Thu, 14 May 2009 00:00:00 +0100

Siam Cement Group expects its international trade to suffer its first-ever drop in annual revenue, to

HeidelbergCement may sell Australian arm

Thu, 14 May 2009 00:00:00 +0100

HeidelbergCement is considering selling its A$2bn ($1.5bn) Australian business as it looks to pay down

HeidelbergCement Gets Bridge Financing Of EUR600m

Thu, 14 May 2009 00:00:00 +0100

HeidelbergCement AG said Thursday it has received bridge financing for a EUR600m loan.

Caribbean Cement, Union reach agreement

Wed, 13 May 2009 00:00:00 +0100

The Caribbean Cement Company Limited and the National Workers Union (NWU), which represents the

Saudi Cement Co first quarter fall

Mon, 11 May 2009 00:00:00 +0100

Saudi Cement Company said yesterday its first-quarter profit fell 12.3 per cent after a government ban on

Holcim Indonesia to conclude acquisition deal by month-end

Mon, 11 May 2009 00:00:00 +0100

Publicly listed Holcim Indonesia (HI), the local unit of Zurich-based Holcim Ltd, will seal a US$50m

Semen Gresik capital expenditure worth US$784m

Fri, 8 May 2009 00:00:00 +0100

PT Semen Gresik Tbk allocated US$784m capital expenditure or IDR8.07 trillion as from 2008 up to

Holcim Indonesia prepays a debt of US60m

Thu, 7 May 2009 00:00:00 +0100

PT Holcim Indonesia said it has serviced debt to its creditor Cemasco paying US$60m before maturity on

Pretoria Portland Cement’s Trading Statement

Thu, 7 May 2009 00:00:00 +0100

Pretoria Portland Cement Company (PPC.J) advises that its earnings per share and headline earnings per

Harsh winter hits Holcim’s volumes

Thu, 7 May 2009 00:00:00 +0100

First quarter turnover at Holcim declined by 17.9% to SFr4,523m (3,015m), or by 8.5% on a comparable basis

Lafarges European & American operations pull down 1Q results

Thu, 7 May 2009 00:00:00 +0100

Cement shipments in the quarter were off by 10.3% to 31.3Mt, while turnover from cement declined by 8.6% to 2,335m and the EBITDA emerged 9.5% lower at 573m

Heidelberg presents creditors with refinancing plan

Thu, 7 May 2009 00:00:00 +0100

HeidelbergCement presented its creditors with a refinancing plan to help the company avoid breaching

CRH expects profit cut amid bad economies, weather

Thu, 7 May 2009 00:00:00 +0100

CRH issued a profits warning Wednesday over sharper-than-expected drops in demand in both Europe and the United States.

Vicat first quarter decline

Wed, 6 May 2009 00:00:00 +0100

Vicat today reported first-quarter 2009 sales of 425 million for the three months ended 31 March 2009,

Holcim 1Q Net Profit CHF74m versus profit CHF370m

Wed, 6 May 2009 00:00:00 +0100

Holcim Ltd reported a fall in net profit to SwFr74m (US$64m) compared with CHF370m a year ago.

Caribbean Cement FX losses cut into profit

Wed, 6 May 2009 00:00:00 +0100

Caribbean Cement Company’s thrust into the export market enabled the company to mitigate against a

Vulcan first quarter turnover down

Tue, 5 May 2009 00:00:00 +0100

Reduced production and stock levels led to a 26.6% fall in Vulcan Materials’ first quarter turnover to

Nigeria Lafarge unit’s Q1 2009 profit climbs 23 per cent

Fri, 1 May 2009 00:00:00 +0100

Lafarge Cement WAPCO, the Nigerian unit of the world’s biggest cement maker, Lafarge, reported a 23

HeidelbergCement Said to Offer More Interest to Extend Loans

Fri, 1 May 2009 00:00:00 +0100

HeidelbergCement AG, the German cement maker owned by the Merckle family, is offering banks more

Semapa Q1 ’09 profit plummets 47.6% YoY

Wed, 29 Apr 2009 00:00:00 +0100

Semapa closed the first quarter of 2009 with a net profit of EUR12.8m (US$16.9m), down 47.6% on the

Lafarge successfully completes cap hike

Tue, 28 Apr 2009 00:00:00 +0100

The EUR1.5bn (US$1.97bn) capital increase launched by Lafarge on April 2 has been closed successfully.

Mysore Cements is now HeidelbergCement India

Wed, 22 Apr 2009 00:00:00 +0100

Mysore Cements Ltd has announced that the name of the Company has been changed from "Mysore Cements Ltd"

Italcementi unlikely to make acquisitions in 2009

Mon, 20 Apr 2009 00:00:00 +0100

Italian cement company Italcementi is unlikely to make acquisitions this year but if opportunities arise

Siam Cement back to black

Mon, 20 Apr 2009 00:00:00 +0100

Siam Cement Company (SCC) is expected to report a 1Q09 net profit of Bt4.3bn, down 39.0% YoY but

Prosperity Minerals CEO to transfer stake to HK firm

Fri, 17 Apr 2009 00:00:00 +0100

China-focused Prosperity Minerals Holdings Ltd said its Chief Executive David Wong had signed a

Cemex to issue new shares for dividend payment

Fri, 17 Apr 2009 00:00:00 +0100

Cemex plans to issue up to 1 billion new shares that analysts say will finance a dividend payment of

Taiheiyo sees cement market recovery in ’10

Fri, 17 Apr 2009 00:00:00 +0100

Taiheiyo Cement Corp expects its business in the U.S. to recover next year, one year earlier than

Sinoma increases merger budget to CNY8.1bn

Thu, 16 Apr 2009 00:00:00 +0100

China National Materials (Sinoma) will increase capital expenditure this year to CNY11bn (HK$12.48bn)

Holcim Indonesia to buy Holcim Sdn Bhd

Wed, 15 Apr 2009 00:00:00 +0100

Cement maker PT Holcim Indonesia said in a prospectus Wednesday that it plans to buy all of Malaysia’s

Steppe to raise UK£10m in offer

Wed, 15 Apr 2009 00:00:00 +0100

Steppe Cement Ltd said it planned to offer 40 million shares to raise UK£10m, shortly after the company

China National Materials to buy cement producer

Tue, 14 Apr 2009 00:00:00 +0100

Cement equipment provider China National Materials Co Ltd will pay CNY1.01bn (US$147.8m) to its

Taiwanese Bank, Vietcombank loan for cement project

Tue, 14 Apr 2009 00:00:00 +0100

Taiwan’s Mega International Commercial Bank Co.’s branch in Ho Chi Minh City and the Joint Stock

RAK cement firm’s quarterly profit nearly triple

Tue, 14 Apr 2009 00:00:00 +0100

Ras Al Khaimah Cement Co said its first quarter profit almost tripled as sales increased,

Heidelberg nears bank deal-sources

Tue, 14 Apr 2009 00:00:00 +0100

HeidelbergCement is drawing closer to a deal with its banks to fill a EUR6bn refinancing hole

Holcim mulls buying more assets in India

Tue, 14 Apr 2009 00:00:00 +0100

After acquiring majority stake in ACC and Ambuja Cements, Holcim is open to buying more good

Holcim increases bond by EUR150m

Thu, 9 Apr 2009 00:00:00 +0100

Holcim Ltd said on Wednesday it had successfully increased a March 26 bond issue of EUR500m

CP Cimento stake to attract Cimpor and Holcim?

Thu, 9 Apr 2009 00:00:00 +0100

The possible interest of Portuguese cement company Cimpor in Brazilian sector firm CP Cimento is

Holcim seeks approval to buy Malaysian unit

Wed, 8 Apr 2009 00:00:00 +0100

PT Holcim Indonesia, the nation’s third-biggest cement maker, said it will hold a shareholders meeting next

Adelaide Brighton to raise $100m

Wed, 8 Apr 2009 00:00:00 +0100

Adelaide Brighton has announced a $100 million capital raising which will increase its shares on issue by

Yanbu Cement 1Q09 net profit seen down 10%

Wed, 8 Apr 2009 00:00:00 +0100

Saudi cement producer Yanbu Cement Co (YCC) said yesterday in a statement to the Saudi bourse it

Taiwan Cement loan

Mon, 6 Apr 2009 00:00:00 +0100

Taiwan Cement Corp, the islands biggest maker of the building material, plans to borrow as much as NT$15bn (US$453m) to refinance maturing debt.

 Billionaire Merckles banks sign extended standstill 

Mon, 6 Apr 2009 00:00:00 +0100

Germanys billionaire Merckle family has won an extension of bridge financing from its banks, buying

Mexico’s Cemex shares surge after US removes tariffs

Fri, 3 Apr 2009 00:00:00 +0100

Shares in Mexico’s Cemex surged on Thursday after the United States removed anti-dumping tariffs on

Cemex jumps on bets fed swap may help financing

Thu, 2 Apr 2009 00:00:00 +0100

Cemex SAB, the Mexican cement maker currently in talks with creditors to refinance $14.5 billion of debt, saw

Cementos Argos to Reduce Debt to $900 Million

Thu, 2 Apr 2009 00:00:00 +0100

Colombias biggest cement maker, Cementos Argos, said its net debt will fall to about $900 million after

Holcim Česko increases sales by 5 pct in 2008

Thu, 2 Apr 2009 00:00:00 +0100

Holcim Cesko, Czech Republic’s leading producer of cement, raised sales revenues on own products and

Suez Cement 2008 profit up six per cent

Wed, 1 Apr 2009 00:00:00 +0100

Egyptian Suez Cement posted a six per cent rise in 2008 net profit to E£1.04bn,

Kenya’s ARM 2008 profit jumps 14 per cent

Wed, 1 Apr 2009 00:00:00 +0100

Kenya’s Athi River Mining, the country’s third-biggest cement maker, said on Tuesday 2008 pretax profit

Ambuja Cements aims to double capacity, India

Wed, 1 Apr 2009 00:00:00 +0100

Ambuja Cements, part of the Holcim group, is planning to double its capacity to 35Mt in the next five years,

Vulcan realigns businesses into two regions

Tue, 31 Mar 2009 00:00:00 +0100

Vulcan is realigning its businesses into two regions. The East Region will include the states of

Cemex advancing in resolving problems

Tue, 31 Mar 2009 00:00:00 +0100

Cemex is "advancing well" toward resolving its financial problems, Mexican Finance Minister Agustin Carstens

Mysore Cements allots shares

Mon, 30 Mar 2009 00:00:00 +0100

Mysore Cements Ltd has announced that pursuant to the Scheme of Amalgamation of Indorama Cement Ltd (IRCL) and HeidelbergCement India Pvt Ltd (HIPL) i

Hilal Cement 2008 net profit drops to US$2.2m

Mon, 30 Mar 2009 00:00:00 +0100

Kuwaiti cement producer Hilal Cement registered a decline in its net profit to KWD 684,321 (USD 2.2m

Ciments Francais shareholders contest absorption

Fri, 27 Mar 2009 00:00:00 +0000

Shareholder lobby group Adam contested the project for absorption of Ciments Francais by its parent Italcementi

HeidelbergCement Ukraine 2008 profit

Fri, 27 Mar 2009 00:00:00 +0000

HeidelbergCement Ukraine, Dnipropetrovsk region, ended 2008 with a net profit of UAH262.616m,

TXI volumes fall both in Texas and in California

Fri, 27 Mar 2009 00:00:00 +0000

In the nine months to the end of February, Texas Industries saw its turnover decline by 13.9% to US$656.9m

SCG expects better first quarter, Thailand

Wed, 25 Mar 2009 00:00:00 +0000

The Siam Cement Group (SCG) expects its first quarter to be better than the previous one as it will have

Jaiprakashs profit margins may be little changed

Wed, 25 Mar 2009 00:00:00 +0000

Jaiprakash Associates Ltd profit margin may be little changed this year, Chairman Manoj Gaur said, as

Cemex to sell properties to pay debt

Tue, 24 Mar 2009 00:00:00 +0000

Cemex is selling properties across Mexico to help pay off its debt amid talks to refinance its maturing bank loans, reports Reuters.

Nigeria: Lafarge Board to pay N1.8bn dividend

Mon, 23 Mar 2009 00:00:00 +0000

The Board of Directors of Lafarge Cement WAPCO Nigeria has proposed a gross dividend of N1.8bn

HeidelbergCement extends contract of CEO

Mon, 23 Mar 2009 00:00:00 +0000

The supervisory board of HeidelbergCement extended the contract of CEO Bernd Scheifele by five years,

Indocement sees profit up 78%

Mon, 23 Mar 2009 00:00:00 +0000

PT Indocement Tunggal Prakarsa Tbk, a unit of HeidelbergCement, expects sales to drop for the first time in six years

El Ameriyah net profit gains, Egypt

Mon, 23 Mar 2009 00:00:00 +0000

El Ameriyah Cement, a unit of Cimpor, said its full-year profit in 2008 gained 43 per cent.

Ha Tien 2 cement maker to go public from Mar 26

Mon, 23 Mar 2009 00:00:00 +0000

On March 26, 88 million HT2 coded shares of Ha Tien 2 Cement Joint Stock Co will be officially traded

Cemex suspends 1Q guidance

Mon, 23 Mar 2009 00:00:00 +0000

Cemex announced that it is suspending its quarterly guidance announcement, a long-standing company practice, due to

Binani Cement eyes LSE listing

Fri, 20 Mar 2009 00:00:00 +0000

The Braj Binani Group is looking to get its cement manufacturing flagship Binani Cement listed on

HeidelbergCement says its in intensive talks with investors

Fri, 20 Mar 2009 00:00:00 +0000

HeidelbergCement AG said its in intensive talks with potential investors and extended a deadline to reorganise finances.

Indocement 2008 net profit IDR1.75trn Vs IDR980.10bn

Fri, 20 Mar 2009 00:00:00 +0000

Cement maker PT Indocement Tunggal Prakarsa said Friday its 2008 net profit rose 79% to IDR1.75trn

Holcim cut at Morgan Stanley on cost of refinancing

Thu, 19 Mar 2009 00:00:00 +0000

Morgan Stanley cut its rating on Holcim to underweight from equal-weight and

Santander: Cemex may report earnings decline

Wed, 18 Mar 2009 00:00:00 +0000

Cemex probably will report more than 25 percent drops in first-quarter sales and EBITDA, Banco Santander SA wrote.

Carib Cement’s profit jump on improved efficiencies

Wed, 18 Mar 2009 00:00:00 +0000

Were it not for a near-14 per cent devaluation in the Jamaican dollar against its main trading counterpart - the US dollar - Caribbean Cement Company would have

Indocement repays remaining debt to HC Finance

Tue, 17 Mar 2009 00:00:00 +0000

Indonesia’s second largest cement maker PT Indocement Tunggal Prakarsa said it has repaid its remaining debt of US$50m to HC Finance BV.

Taiwan Cement Corp’s sales up 44.84% in February

Mon, 16 Mar 2009 00:00:00 +0000

Taiwan Cement Corp, Taiwans largest cement producer, posted NT$2.64bn (US$75.86m) in consolidated

Egypt’s Sinai Cement 2008 net profit up 21 per cent

Mon, 16 Mar 2009 00:00:00 +0000

Egypt’s Sinai Cement posted a 21 per cent rise in net profit for 2008 to

Indonesia’s Gresik says 2008 net profit up about 40%

Mon, 16 Mar 2009 00:00:00 +0000

Indonesia’s largest cement firm, PT Semen Gresik , on Monday said net profit rose about 40 per cent to

Chinas Huaxin plans share placement

Mon, 16 Mar 2009 00:00:00 +0000

Chinas Huaxin Cement said it plans to raise up to CNY4bn(US$585m) through a private placement of domestically listed A shares.

Cemex rises most in three months

Fri, 13 Mar 2009 00:00:00 +0000

Cemex rose the most in three months and call options jumped on speculation its creditor banks will refinance the companys debt to avoid pushing it into default.

Holcim Indonesia books record net profit

Thu, 12 Mar 2009 00:00:00 +0000

PT Holcim Indonesia Tbk, the countrys third-largest cement producer, on Wednesday announced that it had achieved a record profit in 2008

Semapa 2008 profit drops 12.8%

Wed, 11 Mar 2009 00:00:00 +0000

Portuguese holding firm Semapa yesterday posted a consolidated net attributable profit of EUR106.3m for 2008

Southern Province 2008 net profit up 12.4% YoY

Wed, 11 Mar 2009 00:00:00 +0000

Saudi cement producer Southern Province Cement (SPC) managed to boost its net profit to SAR791.1m

Huaxin Cement profits up 58% in 2008, China

Wed, 11 Mar 2009 00:00:00 +0000

Huaxin Cement Co, in which Holcim holds a 39.88 per cent stake, posted a 58 per cent jump in net profits in 2008, boosted by increased sales.

Fitch cuts debt ratings of Cemex

Wed, 11 Mar 2009 00:00:00 +0000

Cemexs credit ratings were cut five levels by Standard & Poors and three levels by Fitch Ratings a day after

Cement stocks rally

Tue, 10 Mar 2009 00:00:00 +0000

Shares in Korean cement manufacturers jumped after negotiations between cement manufacturers and

Cemex starts debt renegotiation talks after failed bond sale

Tue, 10 Mar 2009 00:00:00 +0000

Cemex has started discussions with banks to renegotiate about US$14.5 billion of debt after a surge in borrowing costs forced it to shelve a bond sale

CRH rights issue will generate 4bn acquisition fund

Tue, 10 Mar 2009 00:00:00 +0000

CRH (Ireland) should be well placed to spend up to 4bn on acquisitions after its 1.2bn rights issue is completed

Holcim Philippines refinances short-term borrowings with bank loan

Tue, 10 Mar 2009 00:00:00 +0000

Holcim Philippines Inc. said it had taken a P2.45-billion loan from Banco de Oro Unibank to refinance maturing short-term borrowings

Lafarge, Saint-Gobain to sell US$3.8bn in shares

Mon, 9 Mar 2009 00:00:00 +0000

Saint-Gobain investors will be offered EUR1.5 billion of stock at EUR14 apiece,

Cemex says bond sale still on, shares sink

Fri, 6 Mar 2009 00:00:00 +0000

Cemex said on Thursday that it still aims to issue US$500m in bonds internationally to help pay maturing debt, but

Titan launches buyout bid for Serbian Unit

Fri, 6 Mar 2009 00:00:00 +0000

Titan on Thursday launched a buyout bid for the remaining 3.65% of Serbias Titan Cementara Kosjeric it does not own.

China National Building Materials plans US$146m joint venture

Fri, 6 Mar 2009 00:00:00 +0000

China National Building Material Co Ltd said on Friday it would set up a joint venture firm with registered

Ciments Francais unit 2008 net drops

Fri, 6 Mar 2009 00:00:00 +0000

Italcementi unit Ciments Francais posted a near 44 per cent fall in 2008 net profit and said 2009

Indonesian Semen Bosowa cancels IPO plan

Thu, 5 Mar 2009 00:00:00 +0000

Indonesian cement producer PT Semen Bosowa has decided to cancel its plan to launch an initial public offering (IPO) this year, given the uncertain condition of the market.

CRH plans EUR1.2bn rights issue

Tue, 3 Mar 2009 00:00:00 +0000

CRH Tuesday said it planned to raise about EUR1.238bn in a rights issue, as it posted a 12.5% fall in full-year net profit, ending 15 consecutive years of full-year growth, and said the outlook is

Colombia’s Cementos Argos ’08 net down 67 per cent

Mon, 2 Mar 2009 00:00:00 +0000

Colombia’s largest cement maker, Cementos Argos, said Friday its net profit for 2008 fell 67% to

Oman Cement profit falls 30 per cent

Mon, 2 Mar 2009 00:00:00 +0000

Oman Cement Co posted a 30.1-percent drop in 2008 profit to OMR12.473m (US$32.40m), the company

FLSmidth acquires Conveyor Engineering, USA

Fri, 27 Feb 2009 00:00:00 +0000

FLSmidth and the shareholders of Conveyor Engineering, Inc. have entered into a stock purchase agreement effective 1 March 2009

Tabuk Cement 2008 net profit down to US$41.9m

Fri, 27 Feb 2009 00:00:00 +0000

The net profit of Saudi cement producer Tabuk Cement Company (TCC) (SAU:3090) dropped to

Indocement to repay US$50m in debt to shareholder

Fri, 27 Feb 2009 00:00:00 +0000

Indonesia’s PT Indocement Tunggal Prakarsa said it will repay a debt of IDR600bn (US$50m) to

Vulcan Materials reports net loss for ’08

Fri, 27 Feb 2009 00:00:00 +0000

Vulcan Materials Co. has revised its 2008 earnings reported earlier this month to show a US$253m

Cemex plans to sell US$500m bond to repay debt

Wed, 25 Feb 2009 00:00:00 +0000

Cemex rose the most in more than two months after Fitch Ratings said the company plans to sell

CRH ’unlikely’ to seek Lafarge-style rights issue

Wed, 25 Feb 2009 00:00:00 +0000

CRH is unlikely to follow French construction material groups Lafarge and Saint Gobain in pursuing a "rights issue"

Mexico hit by Cemex downgrade, U.S. bank worries

Tue, 24 Feb 2009 00:00:00 +0000

Mexican equities were knocked back to four-month lows Monday, with losses suffered by Cemex

Siam City Cement (SCCC): In-line results

Mon, 23 Feb 2009 00:00:00 +0000

Siam City Cement (SCCC) reported a 4Q08 net profit of Bt675m, up 63.6% YoY but down 5.5% QoQ, in-line with the markets expectation.

Egypt Cement officials probed for rule violations

Mon, 23 Feb 2009 00:00:00 +0000

Two executives from Alexandria Beni Suef Cement and Ameriyah Cement have been referred to the

Siam City Cement plans up to 10 bln baht bonds

Fri, 20 Feb 2009 00:00:00 +0000

Thailand’s Siam City Cement SCCC.BK said it planned to sell bonds worth up to THB10bn (US$282m)

Holcim syndicated loan facility received strong response

Thu, 19 Feb 2009 00:00:00 +0000

Holcim has entered into a syndicated loan facility agreement of CHF400m with a group of Swiss banks lead arranged by Zürcher Kantonalbank.

Lucky cement posts Rs1.9bn profit

Wed, 18 Feb 2009 00:00:00 +0000

Lucky Cement has posted a half yearly profit after tax of Rs 1.938 billion for the period ending December

Juan Minetti hits a one-month low

Tue, 17 Feb 2009 00:00:00 +0000

Juan Minetti traded at its 32-day low of 89 centavos

Corporacion Moctezuma rises 7.7 per cent on high volatility and expanding price range

Tue, 17 Feb 2009 00:00:00 +0000

Corporacion Moctezuma, Mexico’s largest Construction company by market capitalisation, traded between an intraday low of MXN19.50

Holcim falling in weak trading with rising open interest, weekly and monthly trend also weak

Tue, 17 Feb 2009 00:00:00 +0000

Holcim fell CHF1.77 (or 3.5 per cent) to CHF48.28 (US$36.03). Compared with the Swiss Market index SMIÂ® Price index which fell 49.2 points

Lafarge Jordan Cement boosts 2008 sales to US$452.7m

Mon, 16 Feb 2009 00:00:00 +0000

Jordanian cement producer Lafarge Jordan Cement, previously known as Jordan Cement Factories Co (JCFC),

Cementir Holding rises 2.1 per cent on high volatility

Fri, 13 Feb 2009 00:00:00 +0000

Cementir Holding, Italy’s seventh largest Construction company by market capitalisation, traded between an intraday low of 2.16

Cimpor drops 6.3 per cent on high volatility

Fri, 13 Feb 2009 00:00:00 +0000

Cimpor traded between an intraday low of 3.64 and a high of Euro3.89. Today its volatility (highest price minus lowest price/lowest price) of 6.8

Buzzi Unicem rises 0.5 per cent on robust volume, ending a two day streak of losses

Fri, 13 Feb 2009 00:00:00 +0000

Buzzi Unicem , Italy’s second largest construction company by market capitalisation, rose five Eurocents (or 0.5per cent) to 9.47

Holcim decreases 1.9 per cent, P/E improves to 3.4

Fri, 13 Feb 2009 00:00:00 +0000

Holcim fell for a third day on Thursday bringing its three-day fall to CHF4.15 or 7.7 per cent. The share price decreased 95c

Cementos Portland Valderrivas hits year-low 11th time in three months

Fri, 13 Feb 2009 00:00:00 +0000

Cementos Portland Valderrivas, Spain’s fourth largest Construction company by market capitalisation, hit a 52-week low of 20

HeidelbergCement slides 5.4 per cent, in significant downtrend

Fri, 13 Feb 2009 00:00:00 +0000

HeidelbergCement slid 1.63 (or 5.4 per cent) to 28.37. Compared with the DAX index which fell 122.5 points (or 2.7 per cent)

Taiheiyo Cement’s Net Loss Seen Widening To Y28bn

Fri, 13 Feb 2009 00:00:00 +0000

Taiheiyo Cement Corp said that it will suffer a ¥28bn group net loss for the year ending March 31, deeper than the ¥7bn loss it had previously projected and a far cry from its ¥20.4bn profit in fiscal

CNBM sells shares to pay loan, China

Wed, 11 Feb 2009 00:00:00 +0000

China National Building Material Co Ltd (CNBM), China’s second largest cement manufacturer, sold HK$2.14bn worth of

Taiwan Cement Corp posts fall

Wed, 11 Feb 2009 00:00:00 +0000

Taiwan Cement Corp posted combined revenues in January at NT$2.391bn, a fall of 19.95% YoY,

TCL looking to buy Cemex share

Tue, 10 Feb 2009 00:00:00 +0000

Trinidad Cement (TCL) is looking to purchase the 20% share the local subsidiary of Cemex has in the company for

Turk Lafarge unit shares jump 9.3 per cent on sale talks

Tue, 10 Feb 2009 00:00:00 +0000

Shares in Turkish cement manufacturer Lafarge Aslan Cimento jumped 9.3 per cent on Tuesday after it said

Conch cuts capex, stimulus to aid industry, China

Tue, 10 Feb 2009 00:00:00 +0000

Anhui Conch Cement Co Ltd expects gross profit per tonne to rise this year, an executive said on

China National Building may sell assets to cut debt

Tue, 10 Feb 2009 00:00:00 +0000

China National Building Material Co., the countrys second-biggest cement maker, may sell assets to reduce a record amount o

Vulcan’s volumes fall, but prices rise

Tue, 10 Feb 2009 00:00:00 +0000

Vulcan Materials increased turnover by 9.7% last year to US$3651.4m, helped by a full year’s contribution from Florida Rock

RAK Cement reports loss, UAE

Mon, 9 Feb 2009 00:00:00 +0000

Ras Al Khaimah Company for White Cement & Construction Materials Company (RAK Cement) said it

High coal prices dent cement firms realisations, India

Mon, 9 Feb 2009 00:00:00 +0000

Indian cement companies continued to reel under the high cost of production besides drastic fall in

Yanbu Cement 2008 net profit down

Fri, 6 Feb 2009 00:00:00 +0000

The net profit of Saudi cement producer Yanbu Cement Co (YCC) dropped to SAR559.7m

Dalmia Cement Q3 net plummets 78.93%

Tue, 3 Feb 2009 00:00:00 +0000

Dalmia Cement (Bharat) announced a substantial drop in standalone net profit for the quarter ended December 2008, due to low operating margins and high interest cost.

Consolidation on the cards: Fitch report

Tue, 3 Feb 2009 00:00:00 +0000

In its outlook released today, Fitch Ratings has said that with depressed valuations and smaller players getting realistic about their expectations, some more consolidation in the industry is on the c

Gresik planning to acquire foreign cement company

Mon, 2 Feb 2009 00:00:00 +0000

PT Semen Gresik has appointed Credit Suisse as its financial advisor with regard to its foreign acquisition plan.

Binani Cement 3Q net profit falls

Fri, 30 Jan 2009 00:00:00 +0000

India’s Binani Cement Ltd said Friday its third-quarter net profit fell to INR84.9m from INR539.5m a year

Dalmia Dec quarter net falls by over 75%

Fri, 30 Jan 2009 00:00:00 +0000

Dalmia Cement (Bharat) Ltd on Thursday said net profits for the December quarter were dragged down by more than 75 per cent

Madras Cements 3Q net profit falls

Thu, 29 Jan 2009 00:00:00 +0000

Indias Madras Cements Ltd said Thursday its fiscal third-quarter net profit fell 43%

Cemex successful completion of refinancing

Thu, 29 Jan 2009 00:00:00 +0000

Cemex announced that it has successfully completed its refinancing plan.

TPI Polene swings to 2008 net loss

Thu, 29 Jan 2009 00:00:00 +0000

TPI Polene of Thailand said Thursday it swung to a net loss of THB5.45bn (US$56.1m) in 2008 from a net profit of THB2.33bn

Boral profit forecast by one third

Wed, 28 Jan 2009 00:00:00 +0000

Weaker construction markets in the USA, Asia and Australia has led to Boral reducing its profit guidance for the year to the end of June from Aus$200m to Aus$120m.

Siam Cement posts quarterly loss

Wed, 28 Jan 2009 00:00:00 +0000

Siam Cement, Thailands fourth- largest publicly traded company, posted the first quarterly loss in eight

Cemex seeks US$2bn from asset sales

Wed, 28 Jan 2009 00:00:00 +0000

Cemex has confirmed that it aims to nearly double the amount raised from asset sales to more than US$2bn this year and use the proceeds to pay down its hefty debt.

Fitch: negative outlook for European building materials sector

Tue, 27 Jan 2009 00:00:00 +0000

Fitch Ratings says the 2009 credit outlook for European building materials (EBM) companies is Negative,

HeidelbergCement delays 2008 report to February

Mon, 26 Jan 2009 00:00:00 +0000

HeidelbergCement AG has put off the release of its figures for full 2008 to the second week of February,

Cemex drops after S&P reduces credit rating to junk

Fri, 23 Jan 2009 00:00:00 +0000

Cemex fell to the lowest in a month after Standard & Poors cut its credit rating to below investment grade

TPI sees setback in bid to delay fine, Thailand

Fri, 23 Jan 2009 00:00:00 +0000

TPI Polene Plc, the countrys third-largest cement maker, has had its petition to suspend payment of a THB6.9bn fine rejected by the Appeal Court,

Saudi Cement Q4 profit down 21 per cent

Thu, 22 Jan 2009 00:00:00 +0000

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

Thu, 22 Jan 2009 00:00:00 +0000

Standard & Poors 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

Wed, 21 Jan 2009 00:00:00 +0000

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

Tue, 20 Jan 2009 00:00:00 +0000

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

Tue, 20 Jan 2009 00:00:00 +0000

Ssangyong Cement on Monday said all executives and staff will voluntarily return

TPI Polene sees return to profit in ’09

Tue, 20 Jan 2009 00:00:00 +0000

Thailand’s third-largest cement maker, said on Tuesday lower costs would drive a return to profit in 2009,

FLSmidth to announce reduction in workforce

Mon, 19 Jan 2009 00:00:00 +0000

Despite a historically high order backlog FLSmidth has said in a statement that it considers it necessary to

JP Associates to commission 4Mt plant in 2-3 months

Mon, 19 Jan 2009 00:00:00 +0000

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

Mon, 19 Jan 2009 00:00:00 +0000

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

Mon, 19 Jan 2009 00:00:00 +0000

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

Mon, 19 Jan 2009 00:00:00 +0000

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

Mon, 19 Jan 2009 00:00:00 +0000

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

Fri, 16 Jan 2009 00:00:00 +0000

Dalmia Cement Bharat Ltd has announced that a meeting of the Board of Directors of the Company will be

Holcim scales back investements

Thu, 15 Jan 2009 00:00:00 +0000

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.

Siam Cement: net losses likely in 4Q08

Thu, 15 Jan 2009 00:00:00 +0000

Siam Cement (SCC) is expected to book a huge inventory loss of Bt7,000mn following an inventory loss

Realisation of Semen Gresik loan delayed

Tue, 13 Jan 2009 00:00:00 +0000

The realisation of dollar-denominated loan worth US$600m by PT Semen Gresik Tbk is delayed from the end of 2008 targeted previously.

Binani Industries receives approval from court for abandoning swap scheme

Sun, 11 Jan 2009 00:00:00 +0000

Binani Industries Ltd has announced with reference to the earlier announcement dated November 18, 2008

TXI Reports 2Q, delay of Central Texas plant expansion

Fri, 9 Jan 2009 00:00:00 +0000

Texas Industries, Inc today reported financial results for the quarter ended November 30, 2008. Net income was $3.9m

Merckle family empire gets bridge loan

Thu, 8 Jan 2009 00:00:00 +0000

The Merckle family of Germany said Wednesday that creditors agreed to provide a bridge loan for its

PPA to restructure Semen Kupang, Indonesia

Thu, 8 Jan 2009 00:00:00 +0000

Ailing state cement producer PT Semen Kupang will be handed over to the Asset Management Company (PPA), a state-sanctioned agency

CRH purchases shareholding in Yatai Cement, China

Thu, 8 Jan 2009 00:00:00 +0000

CRH plc announces completion of its acquisition of a 26% shareholding in the Jilin Yatai Group’s cement

Prism Cement’s Q2 net declines 52%

Tue, 6 Jan 2009 00:00:00 +0000

Prism Cement Ltd posted 52 per cent fall in net profit during the second quarter of the financial year ending June 30, 2009.

China shares up on government support plans

Mon, 5 Jan 2009 00:00:00 +0000

Chinas shares jumped Monday on the first trading day of 2009 after the government promised to take new steps to boost economic growth.

China National Building Material gets RMB5bn assets

Mon, 5 Jan 2009 00:00:00 +0000

The state-owned Inner Mongolia Power Group has agreed to transfer all of its equity holdings in Inner Mongolia Volan Cement Group (Volan Cement) to China National Building Material Group Corp.

New plant for Jamaica revived

Sat, 3 Jan 2009 00:00:00 +0000

Despite a global economic downturn, Canadian firm Cemcorp Cement is reportedly pressing ahead with plans to construct a US$200m cement plant and limestone quarry that will provide annual output 1.5Mt

Market leader ACC reviews past year

Sat, 3 Jan 2009 00:00:00 +0000

Sumit Banerjee, Managing Director of ACC, one of Indias leading cement groups discusses the past year, with 2008 marking the beginning of the end of one of the longest-profitable cycles the countrys

Growth in AFR business brings cheer to ACC, India

Sat, 3 Jan 2009 00:00:00 +0000

After reports of continuous de-growth in business, lay-offs, plant shutdown and putting its Rs 600 crore expansion of ready mix concrete business on hold

Vale to acquire Cementos Argos export coal assets

Sat, 3 Jan 2009 00:00:00 +0000

Brazilian mining giant Vale says it has reached an agreement to acquire all export coal assets of Colombia’s

Holcim Malaysia poised for higher sales despite economic slowdown

Fri, 2 Jan 2009 00:00:00 +0000

Holcim Malaysia Sdn Bhd expects to record better sales in 2008 despite a slowdown since the third

HeidelbergCement makes gains

Tue, 30 Dec 2008 00:00:00 +0000

German stocks rose for the first time in four days, led by MAN AG on speculation Europes third- largest truckmaker will raise its stake in Swedish competitor Scania AB.

Cemex: canary Island asset sale completed

Tue, 30 Dec 2008 00:00:00 +0000

Cemex announced this week that it has completed the previously-announced sale of its Canary Islands operations to several Spanish subsidiaries of Cimpor Cimentos

CRH implements previously announced Board changes

Tue, 30 Dec 2008 00:00:00 +0000

CRH plc, the international building materials group, confirms that the following Board changes, announced during 2008, took effect from 1 January 2009.

Turkish Oyak to cut output

Mon, 29 Dec 2008 00:00:00 +0000

Ordu Yardımlaşma Kurumu, the Turkish army pension fund known as Oyak, expects cement output and sales to fall 10 per cent next year, business daily

Credit Suisse exits Binani

Mon, 29 Dec 2008 00:00:00 +0000

Vinod Juneja, Managing Director, Binani Cement, India, said that Credit Suisse has sold its 9.11 per cent stake which it held via a Mauritius

Heracles posts dividends

Mon, 29 Dec 2008 00:00:00 +0000

Shareholders of Heracles Cement, majority owned by France’s Lafarge, decided a 32 million euro or 0.405 Euro per share capital return, Greeces financial daily Imerisia reported

Cementos Portland Valderrivas dips 0.5 per cent, trailing 74.8 per cent of stocks

Wed, 24 Dec 2008 00:00:00 +0000

Cementos Portland Valderrivas (CPL.MA), Spain’s fourth largest Construction company by market capitalisation, dipped 12 Eurocent

Cemex makes substantial progress in Its Refinancing plan

Wed, 24 Dec 2008 00:00:00 +0000

Cemex announced today that it has made significant progress towards extending debt maturities originally scheduled for 2009.

Cimpor - Cimentos de Portugal gains 3.9 per cent on weak volume, monthly rise of 10.3 per cent

Wed, 24 Dec 2008 00:00:00 +0000

Cimentos de Portugal (CPR.LS) gained 13 Eurocents (or 3.9 per cnet) to 3.47 in the week ending Tuesday December 23.

Cemex shares solidly higher; steel outlooks lowered

Wed, 24 Dec 2008 00:00:00 +0000

Mexican stocks outperformed other Latin American equities Tuesday, with help from cement maker Cemex SA on news that its debt-refinancing troubles are easing.

HeidelbergCement increases 2.2 per cent on low volume, rising for a second day, a 2-day rise of 14.4 per cent

Wed, 24 Dec 2008 00:00:00 +0000

HeidelbergCement (HEI.F), Germany’s largest Building Materials company by market capitalisation, increased 66.0 Eurocents (or 2.2 per cent) to 30.90.

Heidelberg stake surrender may not hit Mysore Cements just yet

Tue, 23 Dec 2008 00:00:00 +0000

Germany’s Merckle family may have to surrender a 53 per cent stake in HeidelbergCement to a group of banks, according to agency reports.

HeidelbergCement hit by a 52 week low

Tue, 23 Dec 2008 00:00:00 +0000

HeidelbergCement Germany’s largest Building Materials company by market capitalisation,

Holcim decreases 1.9 per cent, P/E improves to four

Tue, 23 Dec 2008 00:00:00 +0000

Holcim, Switzerland’s largest Construction company by market capitalisation, fell for a third day on Monday bringing its three-day fall to CHF3.10 or 5.1 per cent.

UltraTech Cement: Hold

Mon, 22 Dec 2008 00:00:00 +0000

Shareholders of Ultra Tech Cement can continue to hold the stock, as the current valuations have already factored in the prospect of a slowdown in earnings.

Steppe Cement Ltd Director Appointment

Fri, 19 Dec 2008 00:00:00 +0000

Steppe Cement Limited has appointed Malcolm Brown to its Board of Directors with immediate effect as a non-executive chairman.

Investors look beyond Cemex woes to debt

Thu, 18 Dec 2008 00:00:00 +0000

Reuters: Investors looked past slumping sales at Cemex, and snapped up the stock on Tuesday on optimism the company would refinance its looming debt payments.

HeidelbergCement stocks

Wed, 17 Dec 2008 00:00:00 +0000

HeidelbergCement AG gained 5.6 percent to EUR31.92, snapping a three-day drop.

Pakistan: ratings of four cement companies downgraded

Tue, 16 Dec 2008 00:00:00 +0000

The Pakistan Credit Rating Agency Limited (PACRA) has downgraded four cement companies and

Holcim Says Morocco Bond Successfully Placed

Tue, 16 Dec 2008 00:00:00 +0000

Holcim Ltd said Monday its unit Holcim (Maroc) S.A. has issued a 7-year bond over CHF208m in the

Taiheiyo Cement limited price increase

Tue, 16 Dec 2008 00:00:00 +0000

Taiheiyo Cement Corp will raise cement prices by just 10-15% this coming April, backing away from the

Shiva Cement board approves allotment of shares

Tue, 16 Dec 2008 00:00:00 +0000

Rourkela-based cement company, Shiva Cement has announced that the board of directors at its meeting

Decision looms on HeidelbergCement loan waiver

Mon, 15 Dec 2008 00:00:00 +0000

Lenders to HeidelbergCement AG have until the end of the day to approve a waiver request on loans

Vietnam: More cement makers to list on HOSE

Thu, 11 Dec 2008 00:00:00 +0000

The Ho Chi Minh City Stock Exchange (HOSE) has approved Ha Tien 2 Cement JSC to list 88 million shares on the bourse.

Cemex swaps paper for longer-term debt

Thu, 11 Dec 2008 00:00:00 +0000

Cemex said on Wednesday that it had swapped commercial paper for longer-term debt, extending the

Gresik predicts US$00m capital expenditure in 2009

Thu, 11 Dec 2008 00:00:00 +0000

President Director of Indonesian state-owned cement producer PT Semen Gresik Dwi Soetjipto has predicted the company’s capital expenditure will reach US$300m next year.

Mandiri ready to provide Gresik loan

Wed, 10 Dec 2008 00:00:00 +0000

Indonesias largest lender PT Bank Mandiri said it was ready to provide Rp7 trillion (US$700 million) to

Holcim Indonesia hopes to receive US$150m IFC loan

Wed, 10 Dec 2008 00:00:00 +0000

PT Holcim Indonesia said it hopes to have a disbursement of a US$150 million loan from the

Merckle makes banks new offer in debt talks

Wed, 10 Dec 2008 00:00:00 +0000

German tycoon Adolf Merckle has made creditor banks a new offer in talks to secure fresh loans his

Mexico, Brazil jump after Obama outlines investment ideas

Tue, 9 Dec 2008 00:00:00 +0000

Brazilian and Mexican stocks surged Monday, propelled by gains in commodity stocks on the prospect that demand for natural resources will increase if the United States embarks on a massive infrastruct

Fitch cuts HeidelbergCement to BB-

Mon, 8 Dec 2008 00:00:00 +0000

Fitch cut the long-term issuer default rating (IDR) of German cement producer HeidelbergCement AG to BB- from BB+ and put its ratings on "negative" rating watch.

Bulgaria: Devnya Cement, Investor of the Year 2008

Mon, 8 Dec 2008 00:00:00 +0000

On December 1 2008 Invest Bulgaria Agency, the local investment promotion authority, presented, for

Chinese contractors to help build cement plant in Vietnam

Mon, 8 Dec 2008 00:00:00 +0000

Chinese contractors will help build a 375,000t cement plant in Vietnam’s northern province Hoa Binh

Thailand: Siam Cement adapts to change in business climate

Mon, 8 Dec 2008 00:00:00 +0000

The current economic slump differs from the 1997 crisis in many aspects. But for Siam Cement Group

Bail-out refusal a set-back billionaire Merckle

Wed, 3 Dec 2008 00:00:00 +0000

Adolf Merckle’s hopes for an easy way out of his financial woes were dashed this week when the regional

Egypt’s ASEC Cement ups stake in Misr Cement Qena

Mon, 1 Dec 2008 00:00:00 +0000

Eypt’s ASEC Cement said on Sunday it has increased its stake in Misr Cement Qena to 27.3 per cent from

Egypts Amreya Cement net profit increases 44%

Mon, 1 Dec 2008 00:00:00 +0000

The net profit of Egypt s Amreya Cement increased by 44% to reach EGP 287.2m (US$52m) in the nine

Austria’s Strabag cuts investment as 2009 uncertain

Mon, 1 Dec 2008 00:00:00 +0000

Austrian builder Strabag said on Friday it will cut its investment by more than half next year after a spree

Bamburi chief set to leave, Kenya

Mon, 1 Dec 2008 00:00:00 +0000

Bamburi Cement managing director Michel Puchercos is leaving the company.

Eastern Province Cement net profit down

Fri, 28 Nov 2008 00:00:00 +0000

The net profit of Saudi cement producer Eastern Province Cement Company (EPC) slipped to SAR 358m

Cementir Holding director buys

Thu, 27 Nov 2008 00:00:00 +0000

Cementir Holding director Riccardo Nicolini bought 6,335 shares worth Euro12,860 on November 20,

Buzzi Unicem director buys

Thu, 27 Nov 2008 00:00:00 +0000

Buzzi Unicem Rnc director Franco Buzzi bought 2,000 shares worth Euro11,110 on November 21, 2008.

Alexandria Cement reports 9 months financial results

Wed, 26 Nov 2008 00:00:00 +0000

Alexandria Cement -(ALEX) reports 9 months consolidated financial results for the period from

Costly loan holds back East African Portland Cement

Tue, 25 Nov 2008 00:00:00 +0000

East African Portland Cement is not making much progress in its negotiations with Treasury over a costly

Sichuan Cement to buy out peer

Tue, 25 Nov 2008 00:00:00 +0000

Sichuan Golden Summit (Group) Joint-Stock, a cement manufacturer in China, said in an announcement

Yanbu Cement 9-mo net profit down 20% YoY

Mon, 24 Nov 2008 00:00:00 +0000

The net profit of Saudi cement producer Yanbu Cement Co (YCC) dropped to SAR 439m (US$117m) for

Yanbu Cement nine-month net profit down 20 per cent YoY

Fri, 21 Nov 2008 00:00:00 +0000

The company reported an 18.5 per cent YoY decline in the operating profit to SAR 447m in the first nine months of 2008.

Dyckerhoff jumps 7.4 per cent

Fri, 21 Nov 2008 00:00:00 +0000

Dyckerhoff jumped 2.78 (or 7.4 per cent) to 40.28.

Holcim slides six per cent on volume

Fri, 21 Nov 2008 00:00:00 +0000

Holcim slid CHF2.76 (or six per cent) to CHF43.52.

Portland Tourah Cement Co rises 0.8 per cent

Thu, 20 Nov 2008 00:00:00 +0000

Portland Tourah Cement Co rose 19.0 qirsh (or 0.8 per cent) to EGP25.46. Compared with the CASE 30 Index which fell 107.5 points

Cementos Portland Valderrivas falls an eight straight day

Thu, 20 Nov 2008 00:00:00 +0000

Cementos Portland Valderrivas, Spain’s fourth largest Construction company by market capitalisation, decreased 30 Eurocent

Buzzi Unicem decreases two per cent, trailing 69.1 per cent of stocks

Thu, 20 Nov 2008 00:00:00 +0000

Buzzi Unicem, Italy’s second largest Construction company by market capitalisation, decreased 18 Eurocents

Heracles General Cement Company price 14. per cent above volume weighted price

Thu, 20 Nov 2008 00:00:00 +0000

Heracles General Cement Company, Greeces fourth largest Industrials company by market capitalisation, closed unchanged at 5.98.

Suez Cement Co increases 2.2 per cent

Thu, 20 Nov 2008 00:00:00 +0000

Suez Cement Company increased 46 qirsh (or 2.2 per cent) to LE21.82,

Ambuja Cements rising in strong trading

Thu, 20 Nov 2008 00:00:00 +0000

Ambuja Cements, India’s second largest Construction company by market capitalisation, increased Re0.85

Holcim plunges 7.4 per cent, in significant down trend

Thu, 20 Nov 2008 00:00:00 +0000

Holcim plunged CHF3.72 (or 7.4 per cent) to CHF46.28.

Sri Lanka Tokyo Cement September net profit falls

Wed, 19 Nov 2008 00:00:00 +0000

Sri Lankas Tokyo Cement group said September quarter net profit fell 43 per cent

Nigeria: cement company announces N4.7bn profit

Tue, 18 Nov 2008 00:00:00 +0000

Benue Cement Company (BCC) Plc, a subsidiary of Dangote Industries Limited, has announced its third quarter results for the period January 1, 2008, to September 30, 2008

Titan Cement Company hits year-low tenth time in three months

Tue, 18 Nov 2008 00:00:00 +0000

Titan Cement Company hit a 52-week low of 9.52 during the day

India: Binani Ind cancels share swap with Binani Cement, Zinc

Tue, 18 Nov 2008 00:00:00 +0000

Binani Industries Ltd said on Tuesday its board had decided to recall a plan to swap its shares with Binani

Egypt’s National Cement Q1 net profit falls 29 per cent

Mon, 17 Nov 2008 00:00:00 +0000

Egypt’s National Cement reported a 29 per cent decline in first-quarter

Gulf Cement Company hits year-low

Mon, 17 Nov 2008 00:00:00 +0000

Gulf Cement Company, Abu Dhabi’s largest Construction company by market capitalisation, hit a 52-week low

Ras Al Khaimah Cement slups 6.9 per cent

Mon, 17 Nov 2008 00:00:00 +0000

Ras Al Khaimah Cement Co slumped 7.0 Fils (or 6.9 per cent) to 94 Fils.

Egypt Beni Suef Cement nine month net profit up 5.6 per cent

Mon, 17 Nov 2008 00:00:00 +0000

Egypts Misr Beni Suef Cement reported a 5.6 per cent rise

Egypt Sinai Cement none-month pre-tax profit up four per cent

Mon, 17 Nov 2008 00:00:00 +0000

Egypt’s Sinai Cement reported a four per cent rise in pre-tax profit for the first nine months of 2008 to EGP298.1m

Siam Cement Plc reports 3Q earnings

Fri, 14 Nov 2008 00:00:00 +0000

Siam Cement Plc’s third-quarter net profit dropped 21 per cent YoY to Bt5.94bn

Egypt’s Tora Cement profit down after export ban

Thu, 13 Nov 2008 00:00:00 +0000

Egypt’s Tora Cement posted a 29 percent decline in profit in the nine months to the end of September after Egypt

UAE’s Gulf Cement Q3 profit plunges

Wed, 12 Nov 2008 00:00:00 +0000

Gulf Cement Co , the UAE’s largest cement producer, posted a third-quarter net profit of just AED2.3m ($626,200), down from AED85.3m a year earlier mainly on investment losses.

SKP Securities’ report on Binani Cement

Tue, 11 Nov 2008 00:00:00 +0000

Binani Cement Ltd (BCL) has shown a revenue growth of 42%

Chinas Jilin Yatai wins approval for stake sale to CRH

Tue, 11 Nov 2008 00:00:00 +0000

Cement firm Jilin Yatai Group Co Ltd said it received approval from the Ministry of Commerce for the sale of a strategic stake to Irelands CRH Plc.

Yanbu Cement owns 25% in new cement firm

Mon, 10 Nov 2008 00:00:00 +0000

Saudi cement producer Yanbu Cement Co owns a 25 per cent stake in cement producer Saudi-UAE

Italcementi 3Q profit drops 30% to EUR66m

Fri, 7 Nov 2008 00:00:00 +0000

Italcementi SpA said third-quarter profit fell 30 percent on the depreciation of its stake in Calcestruzzi SpA.

Lafarge may be next to trim global expansion plans

Thu, 6 Nov 2008 00:00:00 +0000

According to a report by Bloomberg, Lafarge may be the next cement maker to scale back global

Indian cement companies feel input cost heat

Tue, 4 Nov 2008 00:00:00 +0000

Driven by increased costs of power and fuel coupled with high coal prices, cement companies across the country face

Chilean firms post drop in first nine months

Tue, 4 Nov 2008 00:00:00 +0000

Bío Bío, Polpaico and Lafarge - reported a decrease in profits in the first nine months of 2008 compared to the same year-ago period,

Adelaide Brighton Ltd adds 3.1 per cent, rising for a fourth consecutive day

Mon, 3 Nov 2008 00:00:00 +0000

Adelaide Brighton Ltd, Australia’s fifth largest Construction Materials company by market capitalisation, added 7c (or 3.1 per cent) to AUD2.34.

Fitch lowers Cemex issuer default rating to junk

Fri, 31 Oct 2008 00:00:00 +0000

Fitch Ratings reduced its issuer default rating on Cemex SAB to junk status Friday, citing softer-than-expected operating results and higher-than-expected leverage levels due to economic volatility.

Indocement nine-month net profit up 76%

Fri, 31 Oct 2008 00:00:00 +0000

Indonesia’s second largest cement maker, PT Indocement Tunggal Prakarsa, reported on Friday a 76 per cent

Changes in Board of Management to Dyckerhoff

Fri, 31 Oct 2008 00:00:00 +0000

The Supervisory Board of Dyckerhoff AG has announced the appointment of Dr. Stefan John for three years as

Portugal’s Cimpor holds 1.154 per cent of own stock

Thu, 30 Oct 2008 00:00:00 +0000

Cimpor holds 1.154 percent of its owns shares after buying 240,000 shares on Friday, the company said in a statement.

HeidelbergCement declines to comment on takeover rumours

Thu, 30 Oct 2008 00:00:00 +0000

HeidelbergCement has declined to comment on rumours that German entrepreneur Adolf Merckle might carry out a complete takeover of the company.

Saudi Cement Co 9-mo net profit down to USD 130.6m

Thu, 30 Oct 2008 00:00:00 +0000

The net profit of Saudi cement producer, Saudi Cement Company (SCC) dropped to SAR 489.6 million (US$130.6m) for the first nine months of 2008 from SAR517m

ACC: Low demand, high costs

Wed, 29 Oct 2008 00:00:00 +0000

According to reports from Indias Business Standard newspaper, management at the Rs 7,067-crore ACC believes that the economic environment is turning unfavourable as growth of cement consumption

Pakistan’s DG Khan Cement 1Q loss

Wed, 29 Oct 2008 00:00:00 +0000

DG Khan Cement Ltd., Pakistan’s second-biggest producer of the building material, reported a first-quarter loss because of higher loan costs.

Buzzi Unicem SpA director buys shares

Tue, 28 Oct 2008 00:00:00 +0000

Buzzi Unicem SpA director Alvaro Di Stefano bought 4,500 shares worth Euro38,128 on October 17, 2008. The last price was Euro8.47.

Cementir Holding SpA Substantial shareholder buys

Tue, 28 Oct 2008 00:00:00 +0000

Cementir Holding SpA substantial shareholder Chupas 2007 Srl bought 16,903 shares worth Euro44,531 on October 16, 2008. The last price was Euro2.63.

Thailand’s TPI Polene (TPIPL): 3Q08 results

Mon, 27 Oct 2008 00:00:00 +0000

TPIPL reported 3Q08 earnings of Bt576mn, up 28.1% YoY and turning from a loss of Bt6.8bn in 2Q08. Its normalised profit was Bt567mn, up 10.2% YoY but down 6.6% QoQ.

Saudi Cement Q3 profit down 9.2 per cent

Mon, 27 Oct 2008 00:00:00 +0000

Saudi Cement Company, Saudi Arabia’s largest cement producer, said third-quarter profit fell 9.2 per cent to miss analysts’ forecasts, due to a decline in export revenues and increase in p

St. Marys Charlevoix plant to lay off 80 as of Dec. 1

Mon, 27 Oct 2008 00:00:00 +0000

St. Marys Cement Plant in Charlevoix announced Thursday that it would be laying off about 80 percent of its hourly workforce by Dec 1.

Cementir Holding SpA director buys shares

Thu, 23 Oct 2008 00:00:00 +0100

Cementir Holding SpA director Riccardo Nicolini bought 2,665 shares worth Euro6,742 on October 17, 2008. The last price was Euro2.53.

PPC announces two executive appointments

Thu, 23 Oct 2008 00:00:00 +0100

PPC announces the appointment of Kgathola Ngoasheng as Executive: Supply Chain Services to succeed

Export ban bites into Saudi cement firms Q3 profits

Thu, 23 Oct 2008 00:00:00 +0100

Saudi Arabia’s largest cement firm by market value on Wednesday blamed a near-25 per cent in third-quarter profit on an export ban amid signs that

Egypt’s South Valley Cement plans rights issue

Wed, 22 Oct 2008 00:00:00 +0100

Egypt’s South Valley Cement said on Tuesday it planned to increase its capital by roughly E£518m ($93m) through a rights issue.

TXI shareholder gains clout in boardroom battle

Wed, 22 Oct 2008 00:00:00 +0100

Texas Industries Inc.’s largest shareholder apparently won support Tuesday in his battle against company management,

Asia Cement net profit up 64% to RMB301m

Wed, 22 Oct 2008 00:00:00 +0100

Asia Cement today announced its unaudited third quarter results for the nine months ended 30 September 2008.

Siam Cement Q3 net profit down 21 per cent

Wed, 22 Oct 2008 00:00:00 +0100

Siam Cement PCL (SCC), Thailand’s biggest industrial conglomerate, reported a worse-than-expected 21 per cent fall in quarterly net profit on Wednesday as a weak economy undermined cement demand

Siam Cement: healthy 3Q08, but higher risks going forward

Tue, 21 Oct 2008 00:00:00 +0100

Thailands Siam Cements 3Q08 net profit is expected to fall 19% YoY and 15% QoQ to Bt6.09bn. Excluding the divestment gain booked in 3Q07,

Indonesia: Bosowa to name strategic partner in 1Q09

Tue, 21 Oct 2008 00:00:00 +0100

PT Semen Bosowa expects to get an investor to become its strategic partner in the first quarter in 2009 to develop the company, its chief executive officer, Erwin Aksa, said on Monday.

West China Cement announces new finance director

Tue, 21 Oct 2008 00:00:00 +0100

West China Cement Ltd said it has appointed Po Ling Low as finance director with immediate effect.

Go for cement cos with focus on South, West India?

Tue, 21 Oct 2008 00:00:00 +0100

According to a report by the Economic Times of India, a clear pattern is evident in terms of cement market trends, if one goes by the results declared by cement companies

Mangalam Cement net declines 19.78% in Sep 2008

Mon, 20 Oct 2008 00:00:00 +0100

Mangalam Cement announced a drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 19.78% to Rs 223m

UltraTech 2Q net profit falls 12%

Mon, 20 Oct 2008 00:00:00 +0100

Indian cement maker UltraTech Cement Ltd said net profit for the fiscal second quarter fell 12% from a year earlier, hurt by a sharp increase in prices of coal and other raw materials.

JK Lakshmi Cement’s net declines

Mon, 20 Oct 2008 00:00:00 +0100

JK Lakshmi Cement today announced a standalone net profit of Rs 26.88 crore for the second quarter of the current fiscal, a 63.42 per cent decline over the corresponding period a year ago.

Sinai Cement may double capital to E£700m

Fri, 17 Oct 2008 00:00:00 +0100

Sinai Cement, an Egyptian cement producer, plans to double its capital to E£700m (US$125m) by distributing 35m free shares.

Chettinad Cement Q2 net dips 32 per cent

Fri, 17 Oct 2008 00:00:00 +0100

Cement manufacturer, Chettinad Cement Corporation on Thursday registered a net profit of Rs 34.18 crore for the second quarter ended September 30

Ash Grove seeks anti-trust clearance to increase Eagle stake

Fri, 17 Oct 2008 00:00:00 +0100

Eagle Materials Inc said Thursday that Ash Grove Cement Co has filed a notice seeking anti-trust clearance to increase its stake in the company.

Anhui Conch says China cement prices to fall in 2009

Thu, 16 Oct 2008 00:00:00 +0100

Anhui Conch Cement Co, Chinas biggest maker of the building material, said prices will decrease early next year on cooling demand for new property and infrastructure in some regions.

Tabuk Cement net profit down to US$37.8m Jan-Sep 2008

Wed, 15 Oct 2008 00:00:00 +0100

The net profit of Saudi cement producer Tabuk Cement Company (TCC) fell to SAR 142.3m (US$ 37.8m) in the first nine months of 2008 from SAR174.4m in the same period last year

HeidelbergCement’s Bosnian unit 1H net profit rises 88% YoY

Wed, 15 Oct 2008 00:00:00 +0100

Tvornica Cementa Kakanj (TCK), a Bosnian cement factory owned by Heidelberg Cement, reported a first-half net profit of 28.54 million marka

Ethiopia: EIB lends EUR 29m for Derba Midroc Cement Factory

Wed, 15 Oct 2008 00:00:00 +0100

Derba Midroc Cement company (DMC) in Ethiopia has benefited from a EUR 29m loan from the European Investment Bank (EIB)

Texas Industries under pressure from Sawiris

Wed, 15 Oct 2008 00:00:00 +0100

At the forthcoming annual general meeting of Texas Industries, on October 21 2008, Mr. Nassef Sawiris is trying to

JK Lakshmi Cement gains 3.8 per cent on thin volume

Tue, 14 Oct 2008 00:00:00 +0100

JK Lakshmi Cement , India’s thirty-fourth largest Construction company by market capitalisation, gained INR1.65 (or 3.8 per cent) to INR45.60,

Heidelbergcement AG rises 1.3 per cent, in significant uptrend

Mon, 13 Oct 2008 00:00:00 +0100

HeidelbergCement AG rose 95 Eurocents (or 1.3 per cent) to 72.65. Compared with the DAX Index which fell 342.7 points

Buzzi Unicem Spa price 39.7 per cent below volume weighted price

Mon, 13 Oct 2008 00:00:00 +0100

Buzzi Unicem SpA, Italy’s largest Construction, Engineering & Materials company by market capitalisation, plunged 2.25

Italcementi -Fabbriche Riunite Cemento increases 2.2 per cent, rising for a third day

Mon, 13 Oct 2008 00:00:00 +0100

Italcementi -Fabbriche Riunite Cemmento, Italy’s largest basic materials company by market capitalisation, increased 17.50 Eurocents

ACC to increase capacity to retain declining market share

Fri, 10 Oct 2008 00:00:00 +0100

India producer ACC, a part of the Holcim Group, plans to add more capacity after 2010 to retain market share.

Cemex: statement in light of current market conditions

Fri, 10 Oct 2008 00:00:00 +0100

Cemex warned on Thursday its derivatives position slid into negative territory as its share price collapsed and investors panicked about the company’s outlook.

Sawaris want more from Texas

Thu, 9 Oct 2008 00:00:00 +0100

Nassef Sawiris, an Egyptian executive who owns nearly 15 percent of Texas Industries Inc.s stock, has sent a letter to the companys shareholders, petitioning them to oust two board directors, includ

Malaysia: offer for UEM Builder, CIMA becomes unconditional

Thu, 9 Oct 2008 00:00:00 +0100

UEM Group Bhd takeover offers of UEM Builders Bhd and Cement Industries of Malaysia Bhd (CIMA) became unconditional yesterday.

NNS Holding boosts Lafarge stake to 13.2 per cent

Thu, 9 Oct 2008 00:00:00 +0100

NNS Holding, the Luxembourg-based investment fund controlled by Nassef Sawiris, has boosted its stake in Lafarge to 13.2 per cent, a spokesman said on Wednesday.

Merckle buys more shares in HeidelbergCement

Thu, 9 Oct 2008 00:00:00 +0100

Majority shareholder of German cement producer HeidelbergCement, Adolf Merckle, bought further 578,395 shares in the group on Monday via his holding firm VEM Vermoegensverwaltung GmbH.

Mondi Bag Converting invests in bag plant in North Western Europe

Wed, 8 Oct 2008 00:00:00 +0100

On 3 October 2008 Mondi will inaugurate a new bag converting plant in Belgium. The plant in Tubize with its long tradition of bag production, which goes back to 1928

GBL Bought EUR42.62m Worth Of Lafarge Shares Sep 26-30

Mon, 6 Oct 2008 00:00:00 +0100

Belgian Financier Albert Frere’s holding company, Groupe Bruxelles Lambert, bought a total of EUR42.62 million

Siberian Cement postpones Turkish purchase

Fri, 3 Oct 2008 00:00:00 +0100

Siberian Cement has postponed plans to purchase assets in Turkey. With the closing date set for September 25, 2008, there is speculation that the purchase may not go ahead at all.

Mysore Cements sells 103,382 CERs

Thu, 2 Oct 2008 00:00:00 +0100

Mysore Cements Ltd said on Wednesday it had sold 103,382 certified emission reductions (CER) on Tuesday under the United Nations Framework Convention on Climate Change.

Italcementi reassures investors

Thu, 2 Oct 2008 00:00:00 +0100

The CEO of Italian cement and concrete group Italcementi, Carlo Pesenti, spoke to investors in Milan yesterday in order to assure them that the business plan set out for the 2008-2012 period wa

Texas Industries investor opposes board candidates

Thu, 2 Oct 2008 00:00:00 +0100

The top shareholder at Texas Industries Inc has vowed to oppose two board members up for re-election at the annual meeting this month,

YTL Cement bonds

Wed, 1 Oct 2008 00:00:00 +0100

The Securities Commission (SC) has given YTL Cement Bhd more time to carry out

Buzzi Unicem SpA dips 0.3 per cent

Wed, 1 Oct 2008 00:00:00 +0100

Buzzi Unicem SpA, Italy’s eighth largest Construction, Engineering & Materials company by market capitalisation, dipped two Eurocents

Cementir Holding SpA increases 2.4 per cent on form volume

Wed, 1 Oct 2008 00:00:00 +0100

Cementir Holding SpA, Italy’s fifth largest Construction, Engineering & Materials company by market capitalisation, increased 7.75 Eurocents

Dyckerhoff AG price 6.9 per cent below volume weighted price but at 15.8 per cent premium to 52-week low

Wed, 1 Oct 2008 00:00:00 +0100

Dyckerhoff AG, Germanys second largest Construction company by market capitalisation, closed unchanged at 39.50

Italcementi- Fabbriche Riunite Cemento SpA Crashes 15.9 per cent on weak volume

Wed, 1 Oct 2008 00:00:00 +0100

Italcementi - Fabbriche Riunite Cemento SpA, Italys 2nd largest Basic Materials company by market capitalisation, crashed 1.25

Adelide Brighton Ltd adds 2.6 per cent, rising for a third day

Wed, 1 Oct 2008 00:00:00 +0100

Adelaide Brighton Ltd, Australia’s fourth largest Construction Materials company by market capitalisation, added 8c

Titan Cement Co buys back 170 shares

Wed, 1 Oct 2008 00:00:00 +0100

Titan Cement Company SA has, on September 26, 2008, purchased 9,000 common and 170 preference own shares at 23.80 and 19 per share

Prudential fund buys into CIMA