HSBC downgrades Holcim on emerging markets slowdown
HSBC has downgraded Holcim to neutral from overweight and also reduced its target price to CHF72 from CHF77, citing weaknesses in emerging markets. The bank says an emerging mar...
Holcim
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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...
Cement makers hit by infrastructure slump in emerging markets
Cement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s building...
Holcim’s cement sales in Romania down 0.7% in 1H13
Swiss building materials producer Holcim’s cement and clinker sales fell 0.7 per cent in the first half of the year in Romania, compared to the first six months of 2012, while t...
Holcim profit leaps, sales below expectations
Holcim’s first-half results were boosted by higher net income but sales disappointed, particularly in India, the group's key market in Asia. For the full-year, the Swiss major n...
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...
Holcim streamlines Indian operations
Holcim is to increase its shareholding in Ambuja Cements as part of the Swiss major's strategy to restructure and streamline its operations in India. Through intragroup restruct...
Harris Associates builds up stake in Holcim, Switzerland
Holcim said Chicago-based asset manager Harris Associates LB acquired shares in the Swiss cement major and now owns a stake worth CHF654m (EUR530m) Harris notified that it owned...
Holcim to restructure Indian operations?
Holcim is reportedly planning to restructure its Indian operations which could see the merger of its two local subsidiaries, ACC and Ambuja Cements. Citing various sources famil...
HSBC sees robust recovery in ROI at Holcim
HSBC lifts Holcim to overweight from neutral, saying it sees a buying opportunity in cement stocks after a recent falling of share prices. The bank also sees a robust recovery i...