European cement majors: first half trends
The last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the ...
Cost-Cutting
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HeidelbergCement revenues rise driven by North America and Asia
HeidelbergCement has reported a rise in revenue and profit for the second quarter of 2012 driven by increased sales in North America and Asia as well as successful price increas...
Cemex signs 10-year outsourcing deal with IBM
Cemex announced it has signed a 10-year services deal with International Business Machines Corp (IBM) that will help it save close to US$1bn during the lifetime of the contract....
Cemex bolstered by improving US sales
Cemex has reported an improved profit line for the first-half of 2012, as sales from its US division move into long-awaited positive territory signalling that the debt-laden pro...
Cementos Lima and Cementos Andino to merge, Peru
Peruvian cement producers Cementos Lima and Cemento Andino are to merge into a single company, the company’s said in a joint statement. Shareholders from both producers on Tuesd...
Cementos Portland to cut 250 jobs, Spain
Spanish cement producer Cementos Portland Valderrivas is to cut 250 jobs throughout its Spanish operations after the summer and will temporarily halt production of plants in the...
Caribbean Cement sees more positive outlook
Caribbean Cement Company expects a more positive outlook from next year as the company finalises a debt ‘reprofiling’ plan with some of its 30 biggest creditors.
Valderivvas presents restructuring plans to unions, Spain
Spanish cement producer Cementos Portland Valderrivas has presented its restructuring plan to trade unions which involves the part-closure of one plant. The company announced th...
Lafarge to cut a further 97 jobs in France
Lafarge expects to cut a further 97 jobs in its domestic market of France as part of a plant to merge its three French divisions into one, to be headquartered in the Paris regio...
Lafarge to accelerate cost cuts, lower debt
Following the implementation of its new organisation, Lafarge has announced its 2012 to 2015 plan to cut costs by EUR1.3bn over the next four years and bring its net debt below ...