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Cemex looks to regain assetsCemex said yesterday it could turn to international arbitration to resolve a dispute with Venezuela’s government, which seized the company’s unit there in a nationalisation drive. "It’s one of s...News - 21 August 2008 |
Venezuela nationalises cement industryVenezuela’s government extended its control of the economy with accords to take majority stakes in the local units of Lafarge and Holcim and by physically taking over the factories of Cemex. The ...News - 19 August 2008 |
Boral full-year profit falls 18.6 per cent on US housing slumpBoral Ltd’s full year net profit has dropped 18.6 per cent, dragged down by an earnings loss at its US business, which is likely to worsen this year on that country’s ongoing housing slump. Stil...News - 19 August 2008 |
DJ Venezuela to proceed with cement nationalisationVenezuela President Hugo Chavez said he’ll proceed with the nationalisation of his country’s cement industry, and has given Cemex, Lafarge and Holcim until Tuesday to comply, Bloomberg News report...News - 18 August 2008 |
CMVM restarts investigation of Cimpor PurchasePortugal’s stock market regulator CMVM decided to start again the investigation of the possible coordination between shareholders of local producer Cimpor from 2001 when construction group Teixei...News - 14 August 2008 |
Lafarge UK boosts rail delivery servicesLafarge Cement have taken delivery of 48 bespoke, ’environmentally-focused’ rail wagons for their Hope Works, in Derbyshire, as part of a UK£15m rail expansion programme to supply builders merchan...News - 12 August 2008 |
Cement giant Lafarge posts profits boostCement supplier Lafarge has posted an 18.5 per cent profits rise as cost-cutting and acquisitions cushioned the blow of construction market gloom. The company, which employs more than 100 people ...News - 12 August 2008 |
Cemex values Venezuela operations at US$1.8BMexican cement giant Cemex has put a US$1.8bn price tag on its Venezuela operations, an amount that President Hugo Chavez’s administration, which is nationalizing top assets in the sector, deems "...News - 12 August 2008 |
Lafarge Plans US$1bn investment in Indian cement operationsLafarge S.A, the world’s second largest cement manufacturer, has announced plans to invest US$1bn in India over the next five years to ramp up its cement production capacity in the country to 20Mt...News - 12 August 2008 |
Russia cement prices fall 20 per cent in inflation battleCement prices in Russia have dropped off sharply from record highs despite a continuing surge in demand, showing that on some fronts, the state’s battle against rampant inflation is working. In ...News - 08 August 2008 |