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Italcementi Spanish unit goes on strike 19 June 2009 strike" on Monday in response to what the union called managements "refusal to sit down and negotiate a collective agreement for the workers," Europa Press reported. With a backdrop of Spain going through its worst economic times in recent memory, the... Type: Article Category: People Saudi Arabia to build 1 km tall tower 18 June 2009 world. (CW Group) Saudi real estate developer Kingdom Holding Company and Dubai's Emaar Properties signed a joint venture agreement to construct the Kingdom City development in Jeddah. The project includes what will be the tallest building in the world,... Type: Article Category: Markets & Competition HeidelbergCement jumps on successful refinancing 18 June 2009 successfully closed a "comprehensive refinancing of existing debts." (CW Group) The term of the new syndicated loan agreement totaled 8.7 billion euros runs until 15 December 2011. ÔÇ£With the successful refinancing of our bank debt, we have secured our... Type: Article Category: Financial Guyana admits fault in removal of the Common External Tariff 16 June 2009 who represented the country said that Guyana was actually in breach of the Treaty of Chaguaramas, a Caricom-upheld trade agreement.┬á As a result, Guyana will have to compensate Trinidad Cement Ltd. which brought the case to the court. The 15% tariff on... Type: Article Category: Markets & Competition Sinoma finalizes investment in Qilianshan Cement 16 June 2009 China National Materials (Sinoma) will become the second largest shareholder of Qilianshan Cement.┬á Sinoma reached an agreement with Qilianshan to subscribe for 55 million A shares.┬á The deal will cost Sinoma RMB 501.05 million, according to Cement... Type: Article Category: Mergers & Acquisitions Cemex declines on asset sales 16 June 2009 put an end to a rally that started based on speculation that the Mexican cement producer, Monterrey, would reach an agreement with creditors.┬á Monterrey will now sell its Australian operations to Holcim Ltd.┬á As a result of the news, analysts are now... Type: Article Category: Financial China & Russia ok financing for new plant 15 June 2009 The State Development Bank of China and Vnesheconombank signed an agreement for financing the construction of a new cement factory. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Financial Cemex and Holcim agree on Australia deal 15 June 2009 Cemex said that it has reached an agreement for the sale of Rinkers, its Australian division, to Holcim. (CW Group) Cemex, Mexico agrees to sell its Australian division to Switzerland-based Holcim for $2.02 billion, reports RTT News. The sale is... Type: Article Category: Mergers & Acquisitions China commits to SE Asia no-dumping pact 14 June 2009 are not operating at full capacity and will reciprocate any dumping into the region; China has┬áreportedly committed to an agreement. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Mergers & Acquisitions Eurocement Group signs agreement with Basel Cement-Pikalevo 11 June 2009 Basel Cement-Pikalevo will supply nepheline sludge to Eurocement Group. The two companies have signed an agreement for a period of three months. Eurocement will start the production of cement by using nepheline technology as soon as possible. The... Type: Article Category: Markets & Competition Larsen & Toubro selling 8.3% stake in Ultratech 10 June 2009 L&T may also sell another 4 million shares later, which represents the balance of its shares in Ultratech. Under a 2003 agreement, L&T has to sell its holding in Ultratech by the end of the year, Reuters wrote. The Aditya Birla group, of which Ultratech... Type: Article Category: Mergers & Acquisitions Cemex & INTEC sign partnership agreement 08 June 2009 Technological University of Santo Domingo and Cemex Company sign partnership agreement for training of students. (CW Group) In an effort to improve construction practices in the construction industry, the Director of the Technological University of... Type: Article Category: Mergers & Acquisitions HeidelbergCement loan deadline extended 01 June 2009 ancillary facilities," Reuters said. The arranging banks remain confident that HeidelbergCement will be able to reach an agreement with lenders. "We remain confident - we have still got a number of banks to convince, but it is certainly going in the... Type: Article Category: Financial Cement plants in Kazakhstan forced to sell at cost 25 May 2009 [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] An agreement was signed between Kazakhstans cement factories, the Builders Association of Kazakhstan and the Property Fund... Type: Article Category: Markets & Competition Cimpor finalizes C+PA deal 25 May 2009 value of the shares is 54.4 million Euros. Cimpor and Teixeria Duarte signed a ÔÇ£termination of participationÔÇØ agreement last month regarding shares of Cimento e Produtos Associados. For its shares in Cimento e Produtos Associados, Cimpor Group will... Type: Article Category: Mergers & Acquisitions Garadagh gets EBRD modernization loan 23 May 2009 Garadagh Cement to finance the construction of a new production line. (CW Group) ÔÇ£Currently preparations for the agreement to be signed are ongoing,ÔÇØ the bank informed. The EBRD Board of Directors is providing 170 million euros of financing for the... Type: Article Category: Financial Cemex Latvia ups exports to neighbors 22 May 2009 opened new representative offices in this region. Cemex has also opened new offices in Estonia, and reached an important agreement on cement supplies to Finland. A new Cemex plant in Broceni is undergoing tests at the moment, the new 250 million euro... Type: Article Category: Markets & Competition Cemex Latvia ups exports to neighbors 22 May 2009 opened new representative offices in this region. Cemex has also opened new offices in Estonia, and reached an important agreement on cement supplies to Finland. A new Cemex plant in Broceni is undergoing tests at the moment, the new 250 million euro... Type: Article Category: Ports & handling Agreement reached on Cimpor board 13 May 2009 Cimpor shared holders reached a consensus on the new board composition and CEO plant after a long struggle between two key shareholder blocks backed by Lafarge versus Teixeira Duarte. [$]┬á (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you... Type: Article Category: People L&T to sell UltraTech stake 11 May 2009 by the end of the year. (CW Group) Larsen & Toubro is required to sell its holding by December 2009 under the terms of an agreement with the Birla group signed in 2003, Reuters reported. The stake was valued at Rs 800 crore ($160 million) as of Friday's... 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