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Lafarge

Lafarge boosted its finances by a €1.5 milliard (€1,500m) rights issue in the spring of 2009.  It hasalso raised €750m from disposals during the first nine months, the biggest of which was the sale...
Corporate - 18 December 2009

Cimpor

Not withstanding a gearing level of 97.7%, Cimpor has still been looking for opportunities to expand its geographical spread, at least until the unsolicited bid from a Brazilian steel company arriv...
Corporate - 18 December 2009

Spain probe finds evidence of cement price fixing

Spain’s competition watchdog said it would launch deeper probes of five cement makers after an initial investigation found evidence of price fixing. Spain’s CNC said on Thursday it would start ne...
News - 18 December 2009

Lafarge appoints public affairs director France

Lafarge SA has appointed Alain Guillen public affairs director for France. Previously, Guillen, 49, was organisation and human resources director for the company’s cement activities in France. Be...
News - 17 December 2009

Zambezi Portland meets Ndola Stadium needs

Zambezi Portland Cement, the newest entrant into domestic cement sector, has managed to satisfy standards required in constructing the Ndola Stadium, beating Lafarge Cement Plc, the country’s gian...
News - 16 December 2009

Bamburi expects 2H profit growth to slow, Kenya

Bamburi Cement Ltd., the Kenyan unit of Lafarge SA, expects profit to slow in the second half of the year because it will be measured against a higher base period, Lafarge Regional President John ...
News - 16 December 2009

HeidelbergCement’s bet on Australia reflects ‘Modest’ debt plan

HeidelbergCement AG may only see a slow improvement in credit ratings as the company struggles to find buyers for unwanted assets, according to a report by Fitch Ratings. HeidelbergCement and Fre...
News - 16 December 2009

Lafarge gains momentum on Euronext

The shares in French cement maker Lafarge gained 2.11 per cent to EUR 56.56 on Euronext Paris yesterday upon reassuring news from Fitch. Yesterday, Fitch said it may upgrade the credit ratings of...
News - 15 December 2009

Council to pay UK£1 for cement site, UK

A section of a former cement works is likely to be sold to Durham County Council for just UK£1 (EUR1.1) as part of a plans for an ambitious "eco-village" project. Outline permission for Eastgate’...
News - 14 December 2009

Fitch: negative outlook for European building materials expected to stabilise in 2010

Fitch Ratings says today that although the majority of Fitch-rated European building materials (EBM) issuers have negative outlooks, the expectation of a gradual improvement in credit metrics duri...
News - 14 December 2009