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,...
Holcim
836 posts · Page 81 of 84
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 Lafarge...
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, H...
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 annou...
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 thr...
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 Bloomb...
Holcim on track to achieve sustainable targets
Holcim said on Tuesday said it is on track to achieve its sustainability targets. I
Holcim
Holcim's first-quarter turnover improved by 2.2% to CHF4760m (€3922m), which represents an increase of 7.1% on a comparable basis and measured in euros, the turnover advanced by...
Spanish cement woes continue
Spanish cement consumption continues its downward spiral with latest data showing monthly figures hitting a 46-year low as budget austerity and high unemployment continue to inh...
Holcim to cut 35% of workforce in Spain
Holcim will have to cut 373 jobs in Spain (equivalent of 35 per cent) of its staff in the country, local press have reported. The Swiss-based major is to shut down part of its p...