Cement News tagged under: Latin America

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Latin American cement demand rises in 2Q2012

09 October 2012, Published under Cement News

Cement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ...

JPMorgan Raises Holcim To Overweight

20 September 2012, Published under Cement News

JPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could be the start of a longer run for cement sales in those markets. "Its emerging markets business is seeing margins on the turn driven by rising prices, less new capacity and relatively stable energy costs," says analyst Michael Morris. "Its portfolio gives it better access to Asia and Latin America which in the near term ...

Holcim: realising growth potential whilst cutting costs

10 September 2012, Published under Cement News

Holcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland.   While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne...

Cemex: August '12

03 September 2012, Published under Cement News

Cemex agreed to a new deal with its creditors to postpone debt payments and is considering new asset sales as part its US$7.25bn refinancing programme. The refinancing deal includes a debt swap, a US$1bn prepayment and revised financial covenants, giving the company extra time to prevent a financing crunch in 2014 by pushing maturities to 2017. The debt swap will exchange US$500m worth of debt for new, 9.5 percent senior secured notes that mature in 2018, adding that the new instrumen...

FICEM's emission reduction and energy improvement measures

20 June 2012, Published under Cement News

As a side event to the UN Conference on Sustainable Development in Rio de Janeiro, Brazil (20-22 June 2012) the Business Action for Sustainable Development (BASD), will take place previous to the Rio + 20 Summit. The objective of the meeting is to summarise the initiatives and achievements by the cement industry in the past 10 years in relation to environmental stewardship and its compromise towards the future. The report will be presented by the CSI (Cement Sustainability Initiative). ...