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  1. Cemex fined by Dominican Republic

    the DGAÔÇÖs right to audit import transactions, but regret that the agency issues and official statement judging these operations ÔÇô at priori-when thereÔÇÖs an investigation on course,ÔÇØ Cemex said, accoring to the newspaper. Copyright CW Group. All...

    • Type: Article
    • Category: Ports & handling
  2. Yamama buys stake in Yemeni

    shareholders at a general shareholder meeting, Maktoob reported. Yemeni Saudi Cement is said to be looking to start trial operations of its cement plant located in the Batis area near Aden city in Yemen early 2010, the statement said, according to...

    • Type: Article
    • Category: Mergers & Acquisitions
  3. Cemex seeking loan extension

    goals for divestiture for 2009. We have also implemented a significant cost savings program, adjusting our operations to current market conditions. I am confident that the strategy we are pursuing is positioning Cemex for a successful future.ÔÇØ Some of...

    • Type: Article
    • Category: Financial
  4. Votorantim plant starts up in northeast

    The new Votroantim plant in Pecem, in northeastern Brazil, has started up operations. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] VotroantimÔÇÖs new cement plant...

    • Type: Article
    • Category: Plant Expansions
  5. Holcim well positioned to buy more assets, close the gap to Lafarge

    is already the worldÔÇÖs second-largest cement maker.┬á After the companyÔÇÖs purchase last week of CemexÔÇÖs Australian operations, industry analysts believe that Holcim is well positioned to acquire more assets and close the gap to Lafarge. Vontobel...

    • Type: Article
    • Category: Financial
  6. Geocycle enables alternative fuel usage at Cement Australia

    to invest in more sustainable technologies. Geocycle has allowed Cement Australia to use the waste as fuel in its operations. By Cement Australia, Australia (CW Group) {JCSBOT SUBSCRIPTION=1,2,3,4} In an entrepreneurial approach, Geocycle, the Federal...

    • Type: Article
    • Category: Features
  7. Eurocement to invest $460mm in Lipetskcement

    Russia's Eurocement recently announced plans to invest $460 million on upgrading the cement operations of Lipetskcement. [$] (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
  8. Texas files $558mm suit against Cemex

    United States. (CW Group) Texas Land Commissioner Jerry Patterson said Cemex owed royalties to the state from its mining operations in a quarry near El Paso, Texas, US, Reuters reported. "Since the 1940s, Cemex and its predecessors have mined and...

    • Type: Article
    • Category: Financial
  9. Fitch affirms HeidelbergCement rating, keeps negative outlook

    deteriorating EBITDA margins in 2009 before a slight recovery in 2010. Under this scenario expected lower cash flow from operations is likely to result in only slightly positive free cash flow compared to a five-year average of 4% free cash...

    • Type: Article
    • Category: Financial
  10. Cemex works to lighten debt burden

    of the construction boom. Earlier this week, Cemex announced a deal with Switzerland-based Holcim to sell its Australian operations for $1.6 billion. In addition, they have tentative deals to sell Austrian assets for $485 million. In December of 2008,...

    • Type: Article
    • Category: Financial
  11. Binani ratings affirmed

    ton expansion completed at end-FY08, the ratings agency said. Fitch has taken a consolidated view of the company's operations. In Q4FY09, Binani successfully consolidated its 1.2 million ton Dubai grinding operations, now a 100% step-down subsidiary,...

    • Type: Article
    • Category: Financial
  12. Martin Marietta Materials acquires Cemex quarry ops

    content you tried to access is only available to paid subscribers.","link":"1"}] The quarry operations, with mineral reserves estimated at 255 million tons, are in Fort Calhoun, Neb.; Guernsey, Wyo.; and Milford, Utah. MMM also bought the 49% interest...

    • Type: Article
    • Category: Mergers & Acquisitions
  13. Cemex declines on asset sales

    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 saying that the CemexÔÇÖs stock is overvalued. For example,...

    • Type: Article
    • Category: Financial
  14. Spending cuts at CRH to boost cash

    flow. (CW Group) Ireland-based building materials group CRH is cutting capital expense projects on equipment and plant operations in an effort to improve cash flow, reports Independent. The Royal Bank of Scotland (RBS) analyst predicts that CRH will...

    • Type: Article
    • Category: Financial
  15. Cemex Davenport faces uncertainty

    Bruce Woolpert, the company is in discussions with the teamstersÔÇÖ union regarding the possibility of suspending operations indefinitely. Woolpert said, ÔÇ£we are balancing respectful treatment with market realities. We do not anticipate construction...

    • Type: Article
    • Category: Markets & Competition
  16. Cemex and Holcim agree on Australia deal

    and the underlying fundamentals of our business. Our ongoing efforts to reduce cost and optimize the efficiency of our operations are progressing well, and we are continuing to engage in constructive refinancing talks with our key lenders in an effort...

    • Type: Article
    • Category: Mergers & Acquisitions
  17. GCC plant annual shutdown extended

    to have the plant restart as soon as possible and run at normal levels for aslong as possible.ÔÇØ The Tijeras plant began operations in 1959 and was purchased by the Mexican conglomerate Grupo Cementos de Chihuahua in 1994. Copyright CW Group. All...

    • Type: Article
    • Category: Markets & Competition
  18. India: "Cement valuations unjustified"

    Mr. Srivastava commented that there are differences between companies. For example, Shree Cements is focusing its operations in the north and east of India. The south of India is the focus of India Cements. These companies are discounted on their...

    • Type: Article
    • Category: Financial
  19. Lafarge Ashaka to expand output capacity.

    inland in Gombe State and does not have to ship cement in through congested ports. The company is also converting is operations to produce cement on coal mined from the local area instead of fuel oil to cut costs. Daggash reported to Reuters that this...

    • Type: Article
    • Category: Plant Expansions
  20. Pikalyovo plant to resume operations

    A cement plant at the center of protests over wage arrears in northwest Russia's town of Pikalyovo will resume operations early on Thursday, a BaselCement spokesperson said on Wednesday. (CW Group) Russian Prime Minister Vladimir Putin visited...

    • Type: Article
    • Category: Markets & Competition

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