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Lafarge research arm begins first joint project, IndiaThe first joint project by Lafarge’s research arm and the Indian Institute of Technology-Madras (IIT-M) is expected to kick start soon, an official said Wednesday. Speaking to reporters, Revindra...News - 24 March 2011 |
Lafarge credit rating trimmed to junk bond statusStandard and Poor’s (S&P) has downgraded its credit rating on Lafarge to junk bond status. The agency slashed to BB+/B from BBB-/A-3 its long- and short-term corporate credit ratings on Lafarge. ...News - 21 March 2011 |
Andhra Cements denies rumours of stake sale, IndiaThere is a buzz in the market that Lafarge and Italcementi are in the race to buy a promoter stake in Andhra Cements. The Goenka group run Andhra Cements currently holds 58% of the promoters holdi...News - 18 March 2011 |
Lafarge Zimbabwe revenue risesZimbabwean group Lafarge Cement reported flat full-year earnings as a tax expense offset strong revenue growth, and said it expected further sales growth as the economy recovers. "Profit attribut...News - 18 March 2011 |
Lafarge Cement Zimbabwe profit unchangedLafarge Cement Zimbabwe said net income for the 12 months through December was unchanged at US$2.7m as a tax credit wasn’t repeated. Revenue for the period increased to US$41.7m from US$28.3m a y...News - 17 March 2011 |
NSFF will still hold Bamburi shares, KenyaKenya’s National Social Security Fund (NSSF) has not reached any decision to divest from cement manufacturer Bamburi as had been reported in a Kenyan daily, the fund said in a statement on Friday....News - 14 March 2011 |
Kenya’s State Pension Fund denies Bamburi stake-sale planKenya’s National Social Security Fund will “not necessarily” sell its entire 14 per cent stake in Bamburi Cement Co., Lafarge’s Kenyan unit, disputing an earlier report, Managing Trustee Alex Kazo...News - 11 March 2011 |
Spanish price increased welcomedSpanish cement producers have announced a price hike for 2011, a move that is being viewed positively in light of the weak pricing environment experienced by local producers in 2010. Although t...News - 11 March 2011 |
Lafarge halts burning of waste fuel, SloveniaLafargeCement said on Wednesday it will respect a decision by the Administrative Court revoking the company’s environmental permit, which prohibits it from burning waste material. The Trbovlje-bas...News - 10 March 2011 |
Credit Suisse cuts Lafarge’s share target to EUR 42Credit Suisse reiterated its "neutral" rating on Lafarge, cutting its share price target to EUR 42 from EUR 48. The broker pointed out that the consensus expectations of analysts for an improveme...News - 10 March 2011 |