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Moody’s assigns a Baa1 rating to HolcimMoody’s Investors Service has today assigned a Baa1 issuer and senior unsecured long-term debt rating to Holcim Ltd and the guaranteed issuers under the European Medium Term Note Programme. The ...News - 30 May 2008 |
Indian cement companies plan ready-mix concrete forayBarely a fortnight after the French cement major Lafarge acquired L&T Concrete, the ready-mix concrete (RMC) business of Larsen & Toubro (L&T), several domestic cement players have shown interest ...News - 27 May 2008 |
Heracles Cement Q1 net falls to on higher costsLafarge’s Heracles General Cement Company SA said its first quarter net earnings after taxes fell to EUR1.3m from EUR18.7m booked over the same period last year. The company attributed the decre...News - 27 May 2008 |
Cement cartel success boosts UK claimsInvestigators gathering evidence over alleged cement price fixing in the UK have been boosted by Heidelberg, Lafarge, Holcim, Cemex and three other cement producers losing their court bid in Germa...News - 22 May 2008 |
Cement stocks in the spotlightMalaysian cement companies attracted attention yesterday following speculation that the industry will be the next to be liberalised after the steel industry. Analysts are positive that a cement pr...News - 21 May 2008 |
Lafarge sets out guidance on Euro bondLafarge has set guidance on its planned two-part euro bond that will help refinance its purchase of Egypt’s Orascom Cement, an official at one of the banks managing the sale said on Monday. Lafarg...News - 20 May 2008 |
India heads for more consolidationAfter a flurry of mergers and acquisitions – CRH acquiring My Home Industries for $462 million, Lafarge buying L&T Concrete’s RMC business for $349 million and Heidelberg consolidating its busines...News - 20 May 2008 |
Conch plans investment in quake-hit regionLeading Chinese cement producer Anhui Conch Cement Co Ltd plans to speed up capacity expansion in the aftermath of the most devastating earthquake to hit the country in decades. The company now pl...News - 19 May 2008 |
UK producers take the strainRecent financials by UK cement majors, Holcim, Lafarge and Heidelberg indicate signs of weakening sales in the UK. Heidelberg, which sells cement in the UK through its Castle Cement business, sai...News - 19 May 2008 |
Lafarge Malayan Cement reports 13.2% lift in pre-tax profitLafarge Malayan Cement Berhad on Thursday reported first quarter pre-tax profit of RM66.293 million (US$20.7 m), an increase of 13.2 per cent YoY thanks to higher domestic sales. For the three m...News - 16 May 2008 |