Cement News tagged under: latin america
Cemex prices Latam IPO, Colombia07 November 2012, Published under Cement NewsCemex announced it has priced shares of its Latin American unit Cemex Latam Holdings SA at COP12,250 (US$6.75) each in an offering from which it expects to receive about US$1.1bn. Cemex said it priced 170.4 million shares in the unit, which is listed on the Colombian stock exchange. Of the total shares, 148.2 million shares were sold in a public offering to investors in Colombia and in a private placement to eligible investors outside Colombia. Another 22.2 million shares are subject to... |
Cemex launches Latam IPO, Colombia30 October 2012, Published under Cement NewsCemex officially launched on Monday the Colombian initial public offering of its Latin American unit, with books open from 29 October to 6 November, the company said. Cemex has set a range of between COP11,000 and 13,500 (US$6.03-7.40) per share for the offering of about 24 per cent of its Cemex Latam Holdings unit. The minimum amount of shares it will offer will be 50 million, it said in a notice printed in Colombian media. The IPO could raise nearly US$1bn dollars. Cemex Latam Holdings,... |
Bolivia’s cement sales up 8.5% to September23 October 2012, Published under Cement NewsBolivian cement sales continued their upward trend with deliveries to September increasing 8.52 per cent to more than 2Mt, according to the Bolivian Institute of Cement and Concrete (IBCH). Domestic cement plants registered an increase of 5.47 per cent, but imports also noted a rise of 4.72 per cent. Insumos Bolivia imported 23,000t of cement in the first nine months of last year. This year, the figure increased to 24,100t. In addition, smaller companies imported 58,700t. “Imports have bec... |
Cemex announces Latam share offering, Colombia22 October 2012, Published under Cement NewsCemex said on Friday it plans to offer some 126.6 million common shares of its Cemex Latam Holdings unit to be listed in the Colombian stock market. Cemex Latam Holdings includes Cemex's cement and ready-mix assets in Colombia, Panama, Costa Rica, Brazil, Guatemala, Nicaragua and El Salvador. About 110.1 million shares will be put up for grabs in a public offering to investors in Colombia and in a concurrent private placement to eligible investors outside Colombia, Cemex said in a relea... |
Latin American cement demand rises in 2Q201209 October 2012, Published under Cement NewsCement consumption in the second quarter in major Latin American economies closely reflected the current economic cycle and countries such as Peru, Bolivia and Chile stood out for their dynamism against a background of overall economic growth, according to the latest Infrastructure, Water & Waste Stats report by BNamericas. Peru noted a 18.3 per cent YoY rise to 2.235Mt in cement demand. For 2012, the country is expected to grow by 5.9 per cent, making it the fastest-growing economy in the ... |
JPMorgan Raises Holcim To Overweight20 September 2012, Published under Cement NewsJPMorgan Cazenove raises Holcim to overweight from neutral and lifts its price target to CHF70 from CHF56.50 on the notion that the 2Q uptick in emerging market margins could be the start of a longer run for cement sales in those markets. "Its emerging markets business is seeing margins on the turn driven by rising prices, less new capacity and relatively stable energy costs," says analyst Michael Morris. "Its portfolio gives it better access to Asia and Latin America which in the near term ... |
Holcim: realising growth potential whilst cutting costs10 September 2012, Published under Cement NewsHolcim highlighted its cost cutting programme and the growth potential in its emerging markets at its latest investor and analyst event, which took place on 3-4 September in Zurich, Switzerland. While a global recovery remains elusive, emerging markets continue to grow. Holcim noted its net sales have increased above their 2007 level, from US$22.543bn to US$23.306bn in 2011. However, higher costs have led to EBITDA falling by US$1.3bn from US$5.775bn to US$4.447bn over the same period. Ne... |
Cemex: August '1203 September 2012, Published under Cement NewsCemex agreed to a new deal with its creditors to postpone debt payments and is considering new asset sales as part its US$7.25bn refinancing programme. The refinancing deal includes a debt swap, a US$1bn prepayment and revised financial covenants, giving the company extra time to prevent a financing crunch in 2014 by pushing maturities to 2017. The debt swap will exchange US$500m worth of debt for new, 9.5 percent senior secured notes that mature in 2018, adding that the new instrumen... |
FICEM's emission reduction and energy improvement measures20 June 2012, Published under Cement NewsAs a side event to the UN Conference on Sustainable Development in Rio de Janeiro, Brazil (20-22 June 2012) the Business Action for Sustainable Development (BASD), will take place previous to the Rio + 20 Summit. The objective of the meeting is to summarise the initiatives and achievements by the cement industry in the past 10 years in relation to environmental stewardship and its compromise towards the future. The report will be presented by the CSI (Cement Sustainability Initiative). ... |