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Qatar to import cement from Saudi Arabia "soon" 30 January 2009 lead to price stability in Qatar. Al Sulaiti said that Qatari prices are stable at QR250 per ton. He added that the global financial crisis has had no impact on the local market since companies are still buying and no defaults in payments have so far... Type: Article Category: Markets & Competition Semen Gresik scales back power plant project 30 January 2009 plants in South Sulawesi with a capacity of 70 MW and investment of $114 million." Reuters said that the firm's chief financial officer Cholil Hasan said that after the revision the allocated fund for capital expenditure until 2012 was reduced to $1,4... Type: Article Category: Plant Expansions Cemex posts first quarterly loss in at least a decade 29 January 2009 resiliency in most of its markets, the company said in a statement. Cemex blamed the drop on lower sales and losses on financial instruments. Hector Medina, Executive Vice President of Planning and Finance, said: "The year 2008 was one of extraordinary... Type: Article Category: Financial Lafarge fast-tracking new $200MM Malawi plant 29 January 2009 News wrote. Kanyuka said "Lafarge still regards the Malawi project as a priority during this time of the global financial meltdown. Depending on the results of the ongoing analysis [of the Balaka limestone deposit], Lafarge will make an announcement on... Type: Article Category: Plant Expansions Cemex announces successful refi of $4BN debt 28 January 2009 assets valued at $2,0 billion in order to further reduce its debt. If successful, this should contribute to lowering the financial pressure on the company, the report added. Nevertheless, current market conditions make the selling of assets at a good... Type: Article Category: Financial Arab output falls short of capacity, will grow by 65% 27 January 2009 Arab region might yet again become a net exporter, as before 2005, but that this was dependent on the duration the present financial crisis. "The nominal (installed) production capacity in the Arab world currently stands at 182 million tons, while the... Type: Article Category: Markets & Competition Cemex doubling asset sales to $2BN 27 January 2009 will use proceeds to reduce outstanding debt. (CW Group) Lorenzo Zambrano, Cemex' chairman and chief executive, told the Financial Times that the company is expanding its efforts to divest $1,1 billion of non-core assets. The company is now targeting... Type: Article Category: Mergers & Acquisitions Holcim Philippines may shut 3 more lines 25 January 2009 "It will not result in retrenchment," he said. Holcim Philippines had imposed temporary shutdowns during the 1997 Asian financial crisis, Mr. Sahagun said, with each halt stretching on for up to two months. "It will depend on how things will be, if we... Type: Article Category: Markets & Competition Holcim closes Misamis Oriental plant 23 January 2009 one lost their jobs," Thackwray said┬á to GMA. "The reason is the fall in domestic demand for cement, which predates the financial crisis and was primarily driven by a slowdown in government infrastructure spending," Thackwray said. The facility could... Type: Article Category: Markets & Competition TPI Polene expects profits, flat market in 2009 20 January 2009 6,2 billion baht ($178 million) in debt left over from when the company ran into trouble due to the 1997-98 Asian financial crisis, Reuters said. He said he aimed to halve the company's debt financing costs to around 4 percent, which would help TPI... Type: Article Category: Financial Ssangyong Cement staff agrees to reduced wages 20 January 2009 to weather the economic crisis. (CW Group) Ssangyong Cement's labor and management decided on this approach to share the financial burden caused by the global financial turmoil, Chosun reported. The CEO will return 30%, executives 20% and other staff... Type: Article Category: Financial Holcim Romania to invest Ôé¼33MM in business in 09 19 January 2009 Group) "In 2009 we will continue to invest in our production capabilities to maintain our productivity. Consequences of financial crisis in the next year for the construction market in Romania are not yet defined and therefore we cannot (yet) make... Type: Article Category: Financial Private equity firms said to be eying Heidelberg stake 16 January 2009 buyout firm TPG. French buyout firm PAI Partners may also be considering a separate investment, the newspaper said. The Financial Times added that Bain Capital is also looking at an investment. HedielbergCement's shares gained the most in almost four... Type: Article Category: Mergers & Acquisitions UAE PM receives Lafarge CEO Lafont 15 January 2009 said they had not experienced any significant decline in building materials volumes at their UAE plants because of the financial crisis and property downturn, according to the National. "It is, in fact, a good thing we acquired Orascom a year back... Type: Article Category: People Brazil demand sets record in 08, level in 09 13 January 2009 representative said that consumption of cement would not grow by 8% in 2009 in the country, as was expected before the financial crisis worsened. He said to the Monitor Mercantil that now preliminary studies showed that in 2009, the change in Brazils... Type: Article Category: Volume & Pricing Binani to invest Rs900 cr in capacity expansion 11 January 2009 the source of funding, Juneja said: "For the Gujarat project we are funding through debt-equity of 1:1 and for this our financial tie-up has been completed. Loans will be syndicated by five banks." At present, Binani Cement has an installed capacity of... Type: Article Category: Plant Expansions S&P downgrades HeidelbergCement's credit rating 11 January 2009 rating on German cement producer HeidelbergCement. (CW Group) The rating was reduced from B+ from BB- on concerns that the financial restructuring required to prevent covenant-breech by the end of June 2009 is looking increasingly "urgent and... Type: Article Category: Financial ACC ex-CFO joins board 11 January 2009 Cement maker ACC said on Friday that its former Chief Financial Officer Onne van der Weijde has been appointed as a Director to the company board. (CW Group) "Onne van der Weijde, who was the former Chief Financial Officer of the company, has been... Type: Article Category: People Cyprus largest deal in 2008 in cement sector 09 January 2009 2008 ended four years of deal growth in deal volumes on lack of available credit, plunging stock markets and a worldwide financial crisis undermined companies' ability to make acquisitions, said the Financial Mirror. By far, CyprusÔÇÖ largest domestic... Type: Article Category: Mergers & Acquisitions Holcim rumored to contemplate bid for Heidelberg 09 January 2009 balance sheet," Zuercher Kantonalbank analyst Martin Huesler said. Even though analysts say that Holcim is in better financial shape than other cement manufacturers, an outright acquisition of all of HeidelbergCement appears unlikely because of the size... 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