Huaxin Cement expects H1 net profit to drop 50%, China
Huaxin Cement Co Ltd, in which Holcim holds an approximate 42 per cent stake, has become the latest Chinese producer to issue a first-half profit warning. The Hubei Province...
Holcim
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Holcim inaugurates new Garadagh line, Azerbaijan
President Ilham Aliyev of Azerbaijan has attended the official inauguration of Holcim’s new dry-process line at its Garadagh cement plant in Baku. The new 1.7Mta kiln rep...
Holcim: June '12
Holcim's two main Indian subsidiaries, Ambuja Cements and ACC Limited, have been fined at total of approximately EUR325m, or INR2301 crores, by the Honourable Competition Commi...
Holcim Indian cement interests see modest YoY gains
Holcim’s Indian cement companies, ACC and Ambuja Cements have reported modest rises in June shipments and production in June. ACC said shipments in June reached 1.96Mt, up 2....
Defending profitability key for European companies
Fitch Ratings says that the ability to defend profitability in emerging countries is the most critical issue for the rating of the European cement companies rated by the agency...
Moody's says CCI ruling to hurt Holcim & Lafarge
Moody's has said the Competition Commission of India's (CCI) decision to impose a penalty on 11 cement producers is 'credit negative' for global cement majors Holcim and Lafarg...
Holcim investor sells CHF320m stake, Switzerland
Holcim's third largest investor, The Capital Group Companies, sold a CHF320m (US$333m) stake in the Swiss maker of cement on 20 June. The asset manager now owns 2.96 per cent,...
Holcim to contest Indian price fixing fine
Holcim has said will defend the position of its two Indian units on the penalties imposed by the Competition Commission of India (CCI) for price fixing. Yesterday, the CCI a...
Indian producers issued with record fine on price fixing
Eleven Indian cement producers have been issued a total fine of INR60bn (US$1.1bn) for price fixing, the highest ever fine issued by the country’s antitrust authority in its th...
Fontana sees more swaps in cement reshuffle
Holcim Chief Executive Officer Bernard Fontana said swapping cement production facilities is more likely than outright purchases or sale of individual units, according to Bloom...