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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

Emissions trading needs serious overhaul

News from the UK Press indicates that ArcelorMittal, Europe’s major steel producer currently stands to benefit from a €1.15 billion windfall from European “carbon credits” given to it under the E...
International Cement Review Editor's Blog - 10 December 2009

Polish regulator imposes record fines

Poland’s antitrust regulator (OCCP) imposed record fines on the Polish units of CRH and Cemex as well as four other cement producers for fixing prices and market shares. The watchdog fined the six...
News - 10 December 2009

Lafarge sells EUR750m of debt as rates fall

Lafarge SA sold EUR750m (US$1.1bn) of 10-year notes, bringing its borrowing in the bond market this year to EUR3.3bn as the world’s biggest cement maker took advantage of falling yields. The comp...
News - 08 December 2009

Lafarge Cement receives new waste burning permit, Slovenia

The Environment and Spatial Planning Ministry on Tuesday renewed the environmental permit to LafargeCement, the Trbovlje-based subsidiary of the producer for burning waste after annulling it in Ju...
News - 03 December 2009

Cemex expects 4Q loss from Australia sale

Cemex  said on Wednesday it sees a US$446m loss from the sale of its Australian assets and could also challenge a Mexican tax reform in the courts. "As a result of the sale of our Australian oper...
News - 03 December 2009