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Lafarge’s South-West Tanzania plant cuts output as imports rise

Lafarge SA, the world’s biggest cement maker, cut output at its plant in south-western Tanzania after supply exceeded demand because of an increase in imports. “We extended the shutdown after nor...
News - 24 June 2009

Holcim well placed to buy into construction downturn

Holcim, the world’s second-largest cement maker, is well equipped to exploit a global construction slump and snap up more cheap assets from rivals seeking to raise funds. The Swiss group’s purcha...
News - 24 June 2009

France’s Lafarge to invest RUB18bn in Kaluga cement plant

Anatoly Artamonov, governor of Russia’s Kaluga region, and Nicolas Fournier, president of Lafarge Vostok, an affiliate of France’s Lafarge SA, signed an agreement on cooperation on Friday as part ...
News - 22 June 2009

USA: Lafarge, waste management set up landfill methane system

Waste management and Lafarge North America will unveil a US$2m landfill methane fuel system Friday at Lafarge’s Tulsa Cement plant. This alternative fuel system represents one of three that could...
News - 19 June 2009

Cemex could sell stock to relieve debt squeeze

Mexican cement giant Cemex SA, weighed down by huge debts from an acquisition made as the US housing-market went into freefall, may have to sell new stock to avoid a pricey bank refinancing or eve...
News - 19 June 2009

Cemex Falls to Three-Week Low on Bank of America Cut

Cemex plunged to the lowest in three weeks in New York trading after it was cut to “underperform” from “neutral” Bank of America Corp. on valuation concerns. Cemex’s American depositary receipts ...
News - 17 June 2009

Lafarge Places a EUR750m Bond

Lafarge placed, under its EMTN1 program, a EUR750 million bond with a seven-year and five-month maturity and fixed annual coupon of 7.625%. With this transaction, the Group pursues its optimizati...
News - 16 June 2009

Lafarge Cement appoints new SA chief

Lafarge Cement has appointed Thierry Legrand as its new CEO for South Africa. For the last four years, Legrand has been the GM of Lafarge Gips, the group’s plasterboard subsidiary responsible for...
News - 11 June 2009

Nigerian Lafarge unit eyes growth, cost cuts

Ashaka Cement Plc , a Nigerian unit of Lafarge, plans to expand output capacity while cutting costs as it fights to regain market share from new entrants. Ashaka, from the northeast of Africa’s b...
News - 11 June 2009

Lafarge UK looks to introduce waste fuel

Lafarge Cement UK wants to introduce waste-derived fuel to help cut escalating energy costs after a downturn in demand for construction products. An application is to be submitted to the Environm...
News - 09 June 2009