Cemex confident on medium-term goals
Cemex remains confident that it is on track to meet its medium-term EBITDA goal as it continues to capture the full potential from its existing portfolio to improve profitabilit...
Cost-Cutting
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UltraTech quarterly profit hit by subdued demand
UltraTech Cement, the leading cement producer in India, reported a 38.43 per cent decline in net profit for the last three months of 2013 as sluggish demand leads to a weaker pr...
Cementir sets out 2014-16 business targets
Cementir's Board of Directors has approved the company's 2014-16 Business Plan which sees average annual EBITDA growth of around 16 per cent over the period.
Cementir’s Taranto cement plant to cease clinker production by year-end
Cementir is to cease clinker production from its 1.4Mta integrated Taranto works at the end of December, but milling operations are set to continue at the southern Italy-based p...
Temporary lay-offs at Brookfield plant, Canada
Lafarge Canada plans to layoff 31 of about 50 unionised workers at its Brookfield plant in Nova Scotia during December as part of a cost-cutting measure. Plant manager, Scarth M...
Portland Valderrivas reduces losses
Cementos Portland Valderrivas has cut losses in the first nine months of 2013 thanks by 74 per cent to EUR24.8m compared to EUR95.2m in the same period of last year, thanks to a...
Lafarge 3Q net profit steady, announces new cost reduction and innovation targets
Lafarge reported a slight increase in the third-quarter profit with on the back of reduction initiatives, despite sales being impacted by negative currency movements.
Holcim and Cemex to swap, combine assets in Europe
Holcim and Cemex have reached an agreement to conduct a series of transactions to exchange and combine assets in parts of Europe with the aim of improving synergies and boosting...
Cost cuts help Holcim 2Q net profit edge ahead
Holcim has reported a slight increase in 2Q net profit as cost cuts helped boost profitability but weaker demand in India, Canada and Mexico fell short of expectations. Holcim a...
Lafarge trims market growth outlook, debt reduction goal on track
Lafarge reported a marked rise in 2Q net profit although consolidated sales declined. The company has now trimmed its forecast for cement market growth this year but confirmed i...