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Cimpor names Jorge Moura permanent CEO

Cimpor will appoint Jorge Moura, its temporary CEO, officially to the post as of June 1, 2009, Cimpor said in a note to the national bourse regulator CMVM on Wednesday. The decision was taken at ...
News - 29 May 2009

Titan advances in Egypt, but falls elsewhere

Titan’s first quarter turnover declined by 9.5% to €307.9m while the EBITDA fell by 18.8% to €62.3m.  At the pre-tax level the reduction was more marked, with a 51.8% drop to €22.1m, while the net...
News - 29 May 2009

Lafarge Malayan Cement Bhd posts 53 per cent YoY rise

Lafarge Malayan Cement Bhd has recorded a 53 per cent YoY jump in first quarter pre-tax profit to RM101.096m (US$28.7m) despite lower domestic cement sales and higher cost of fuel and other materi...
News - 28 May 2009

Indonesia production capacity to increase 2.5Mt

Indonesia’s cement production capacity will increase by 2.5M5 to 47.5Mt this year. A new factory of PT Semen Andalas in Aceh will come on stream with an annual production capacity of 1.5Mt, the a...
News - 27 May 2009

Cement imports seen ending local market shortage soon, Jordan

Dirar Sarayreh, president of Jordan Construction Contractors Association (JCCA), on Saturday valued a decision by the government to allow cement imports. “The market still suffers from shortage o...
News - 26 May 2009

Lafarge faces antitrust investigation by Romanian regulators

Lafarge is under investigation by the Romanian competition regulator for abusing its market power in violation of the country’s antitrust rules. The Competition Council raided Lafarge facilities ...
News - 26 May 2009

Jordan Govt agency to import cement if shortage continues

Jordan’s state-run Civil Service Consumer Corp, or CSCC, said it is ready to import cement if the domestic market continues to suffer from shortages and high prices, Jordan’s official news agency ...
News - 22 May 2009

Lafarge Cement probed over monopoly practices, Romania

Inspectors of Competition Council have examined the headquarter of Lafarge Cement Romania, and the two facilities in Hoghiz and Medgidia, following the inquiry launched by Competition Council over...
News - 22 May 2009

Czech Republic – 1Q cement output down

Czech cement output decreased by around a third YoY to 538,789t in 1Q09 and domestic cement sales dropped similarly to 492,335t, the Association of Cement Producers (SVC) said.   The main reason b...
News - 22 May 2009

Fitch Rates Lafarge’s Bonds At BBB

Fitch Ratings has today assigned Lafarge EUR1bn 7.625% bond, maturing in 2014, and its GBP350m 8.75% bond, maturing in 2017, senior unsecured ratings of ’BBB-’ respectively. The bonds have been is...
News - 21 May 2009