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Groupe Bruxelles Lambert raises voting rights stake in LafargeBelgian billionaire Albert Frere’s holding company Groupe Bruxelles Lambert now holds 28.46% of the voting rights of Lafarge, according to French stock market regulator AMF. Groupe Bruxelles Lamb...News - 05 May 2011 |
Lafarge lowers demand forecasts on lower 1Q11 resultsLafarge has lowered its forecast for demand in 2011 after it posted slightly lower-than-expected first-quarter results. While the company said it is well positioned for 2011 earnings growth it...News - 05 May 2011 |
Volcan subsidiary acquires stake in Polpaico, ChileA subsidiary of Peruvian polymetallic miner Volcan has bought a minority interest in Chilean cement company Polpaico. Empresa Minera Paragsha has acquired a 17.66% interest in Polpaico, Volcan re...News - 04 May 2011 |
Cement majors benefit from milder European winterQ1 2011 results have benefitted from the milder weather in Europe, particularly in Central and Eastern Europe. Conversely, margins have been under downward pressure, due to higher energy costs, wi...News - 02 May 2011 |
Lafarge Ravena fly ash ban reviewedThe proposal to ban Lafarge’s use of mercury-tainted coal fly ash at the Ravena cement plant will be reviewed. This development follows a change in the structure of the local administration and ...News - 02 May 2011 |
Lafarge patents composition for trapping CO2Lafarge has filed a patent, entitled “Composition for trapping CO2”, for a hydraulic binder which it claims transforms CO2 into carbonates and/or bicarbonates. According to the abstract posted by ...News - 02 May 2011 |
LafargeLafarge Shui On Cement, the Hong Kong-based Chinese joint venture between Lafarge and Shui On Construction & Materials, suffered from rising costs and increased competition in many of its markets a...Corporate - 30 April 2011 |
Venezuela to increase productionThe Venezuelan government has presented a plan which will see cement production increase this year, particularly aimed at supplying housing projects. In 2010, construction activity fell by 7.9 p...News - 25 April 2011 |
JPMorgan Cazenove launches coverage, positive on sectorJPMorgan Cazenove has initiated coverage of stocks in the European building material sector, rating CRH (CRH), Holcim (HOLN.VX) and Saint-Gobain (SGO.FR) as overweight, Buzzi Unicem (BZU.MI), Heid...News - 22 April 2011 |
Goldman Sachs raises ratings for majors, recovery more certainGoldman Sachs has raised Holcim (HOLN.VX) target to CHF81.70 from CHF72.40 on the assumption that global construction output has probably bottomed out, while retaining its rating at neutral. "Civi...News - 22 April 2011 |