Corporate

11 March 2009

Huaxin Cement profits up 58% in 2008, China

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.

11 March 2009

Southern Province 2008 net profit up 12.4% YoY

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

11 March 2009

Semapa 2008 profit drops 12.8%

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

10 March 2009

Cement stocks rally

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

10 March 2009

Cemex starts debt renegotiation talks after failed bond sale

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

10 March 2009

CRH rights issue will generate €4bn acquisition fund

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

10 March 2009

Holcim Philippines refinances short-term borrowings with bank loan

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

09 March 2009

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

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

06 March 2009

Ciments Francais unit 2008 net drops

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

06 March 2009

China National Building Materials plans US$146m joint venture

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

06 March 2009

Titan launches buyout bid for Serbian Unit

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

06 March 2009

Cemex says bond sale still on, shares sink

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

05 March 2009

Indonesian Semen Bosowa cancels IPO plan

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.

03 March 2009

CRH plans EUR1.2bn rights issue

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

02 March 2009

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

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

02 March 2009

Oman Cement profit falls 30 per cent

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