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CRH cautious on timing of sustained pick-up

Irish-based CRH said the timing of any sustained pick-up in developed markets this year was unclear despite recent positive news flow. CRH, which said on Tuesday it would make more cuts this year...
News - 05 January 2010

HeidelbergCement’s bet on Australia reflects ‘Modest’ debt plan

HeidelbergCement AG may only see a slow improvement in credit ratings as the company struggles to find buyers for unwanted assets, according to a report by Fitch Ratings. HeidelbergCement and Fre...
News - 16 December 2009

CRH hits two-month high, for a four day rise of 5.6 per cent

CRH , the 4th largest Construction company by market capitalisation in the Global ADR market, traded at its 34-day high of US$27.56. The ADR rose for a fourth consecutive day on Monday bringing it...
News - 15 December 2009

Fitch: negative outlook for European building materials expected to stabilise in 2010

Fitch Ratings says today that although the majority of Fitch-rated European building materials (EBM) issuers have negative outlooks, the expectation of a gradual improvement in credit metrics duri...
News - 14 December 2009

Emissions trading needs serious overhaul

News from the UK Press indicates that ArcelorMittal, Europe’s major steel producer currently stands to benefit from a €1.15 billion windfall from European “carbon credits” given to it under the E...
International Cement Review Editor's Blog - 10 December 2009

Polish regulator imposes record fines

Poland’s antitrust regulator (OCCP) imposed record fines on the Polish units of CRH and Cemex as well as four other cement producers for fixing prices and market shares. The watchdog fined the six...
News - 10 December 2009

CRH dips 0.4% on high volume

CRH, the 4th largest Construction company by market capitalisation in the Global ADR market, dipped 10.0 cents (or 0.4%) to close at US$26.02. Compared with the The Bank of New York Mellon Composi...
News - 20 November 2009

CRH expects EBITDA to drop by one-third this year

CRH reports its third quarter EBITDA being down by around a quarter, compared with the 41% drop seen in the first half, and the company expects a sharper decline in the fourth quarter than in the ...
News - 11 November 2009

Cemex Should Have Financed ‘More Conservatively’:

Cemex SAB Chief Executive Officer Lorenzo Zambrano is confident his $14.2 billion acquisition of Rinker Group Ltd., which almost pushed the Monterrey, Mexico- based cement maker into default, will...
News - 03 November 2009

CRH builds up its cash pile but for what purpose?

CRH could be considering the sale of a US unit, Allied Building Products for as much as $1bn (€676m). Allied accounts for about seven per cent of group sales. The New Jersey-based distribution bus...
News - 30 October 2009