Fitch Ratings: mixed picture for EMEA companies
Fitch Ratings says 3Q12 results reported by Fitch-rated Europe Middle East and Africa (EMEA) cement companies, Holcim Ltd ('BBB'/Stable), HeidelbergCement AG ('BB+'/Stable) and ...
Cost-Cutting
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Cemex Espana adjusts downsizing plan
Cemex Espana is to adjust its downsizing plan for its domestic operations from the initial 370 planned job buts to 280. The 25 per cent reduction came as a result of an agreemen...
CRH cuts costs and eyes emerging markets
CRH showcased a credible, bottom-up cost savings plan during its recent analyst day in London, UK. Cost savings are expected to offset more than 75% of the impact of lower volum...
Lafarge 9M12 sales increase, reduces Western Europe outlook
Lafarge reported a sales rise for the third quarter and year-to-date, driven by successful price increases across product lines and by growth in many emerging markets. The compa...
HeidelbergCement increases revenue and operating income
German cement major HeidelbergCement has reported increases revenue and operating income in for the third quarter 2012 driven by cost savings and price increases and announced s...
Emerging markets, North America drive Holcim performance
Holcim reported a rise in cement deliveries for the first nine months of 2012 supported by pricing improvements. Emerging markets continue to support growth together with strong...
Holcim Australia to make cutbacks
Holcim Australia is expected to lay off 150 staff and mothball up to 30 plants as it adjusts to challenging market conditions.
Cemex Spain lay off 370 workers as cement consumption plummets
Cemex Spain has lodged an employment regulation (ERE) for 370 workers, 21.2% of the 1740 employees that the Mexican multinational has in the country.
Cementos Moctezuma posts positive 3Q12 results
Mexico’s Cementos Moctezuma 3Q12 net sales reached MXN2.297bn (US$177.7m), representing a rise of 12.7 per cent when compared to last year’s equivalent period.
Cemex Spain mulling job cuts
Cemex’s Spanish subsidiary is considering cutting 350 and 400 jobs, a trade union official told Reuters on Tuesday. The official, who had informal talks with Cemex on the issue,...