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Heidelberg Heir Merckle in tussle with banks
11 March 2010
A recovery in financial markets has helped Merckle raise more than 2 billion euros by placing a majority stake in Germany's HeidelbergCement on the stock market.
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U.S. Concrete warns future is in doubt
11 March 2010
U.S. Concrete Inc. on Wednesday reported a narrower fourth-quarter net loss, but warned that without a successful restructuring there's "substantial doubt about our ability to continue to operate as a going concern."
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RMIX wearing concrete shoes
11 March 2010
1. Revenues in both the 4th quarter and year end were down from 2008; 30.9% and 29.1% respectively
2. Net debt of $292.3M
3. Cash and cash equivalents of $4.2M
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ING downgrades Holcim, Lafarge, Saint-Gobain
10 March 2010
FRANKFURT (MarketWatch) -- Swiss cement firm Holcim Ltd. (CH:HOLN 76.55, -0.23, -0.29%) was downgraded to hold from buy at ING, which also cut its rating on France's Lafarge S.A. (FR:LG 51.98, -0.55, -1.05%) to sell from hold.
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Court rules against Cemex's Venezuela bid
10 March 2010
An international court has rejected a request by Mexican cement maker Cemex to protect it from further expropriations by Venezuela after a 2008 nationalization of its Venezuelan assets.
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Weak Infrastructure Affects CEMEX
10 March 2010
Net sales were $3,444 million and $14,544 million in the fourth quarter and full year 2009. They were down from $4,148 million and $20,131 million respectively. The decline in sales resulted from lower volumes and prices mainly from the U.S. and Spanish operations.
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Ten Companies to Take in $4.4B in EU Carbon Permit Profits by 2012
10 March 2010
Ten organizations, primarily in the steel and cement industries, could share a surplus of €3.2 billion ($4.4 billion) of pollution permits by 2012 under the European Union’s Emissions Trading Scheme (ETS), according to a new report from Sandbag Climate Change and Carbon Market Data.
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U.S. Concrete faces NASDAQ delisting
10 March 2010
U.S. Concrete Inc. is at risk of being delisted from the NASDAQ exchange.
The Houston-based concrete products maker said its stock price has closed below the minimum $1 per share for continued listing under NASDAQ marketplace rules.
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Lafarge obtains 3 cement plants from Votorantim
09 March 2010
(SAO PAULO, Brazil) - France's Lafarge (LAFP.PA), the world's largest cement producer, agreed on Friday to swap a stake in Portuguese rival Cimpor (CPR.LS) for plants in Brazil, a move that will help it become the third-largest producer of the material in the South American nation...
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Plans by Sephaku Cement in project finance facilities
09 March 2010
South Africa's cement industry giants, investigated by the Competition Commission for alleged collusive practices, will from 2012 face competition from the biggest new entrant to the sector since 1934.
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