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Cemex to hit the road on back of downgrade 24 February 2009 Cemex, the world's third largest cement maker, will kick off its two-week roadshow with bond investors to pitch a dollar-denominated senior unsecured issue. The announcement follows a downgrade by ratings agency Fitch on Monday and by Moody's on... Type: Article Category: Financial Cemex idles three plants in Croatia 16 February 2009 Cemex Dalmacijacement has shut down its three plants in Croatia. Trpimir Renic, head of Cemex operations in Croatia, told the local daily Slobodna Dalmacija on Monday that the reason for the temporary closure of the plants was a reduction in demand for... Type: Article Category: Markets & Competition Strabag acquisition of Cemex Hungary approved 14 February 2009 With the approval from the Hungarian competition authorities, Strabag closed the deal to acquire CemexÔÇÖs Hungarian subsidiary on Friday. (CW Group) The transaction was agreed to in July 2008 and transfers ownership of Hungary's Cemex Hungaria... Type: Article Category: Mergers & Acquisitions TCL may buy back Cemex' stake 11 February 2009 Trinidad Cement Limited (TCL) is said to be considering to buy out Cemex's 20% minority stake in the Jamaica-listed company. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Markets & Competition Cemex Dominican Republic sales fall 25% in 4Q08 10 February 2009 Cemex sales in the Dominican Republic, where the company has a cement plant, fell 25% in the last quarter of 2008, compared with the first half of the year. About 20% of its personnel has been laid off since December. (CW Group) ┬á Cemex Dominicana... Type: Article Category: Mergers & Acquisitions Cemex cut 40% of workers at Lyons plant 04 February 2009 On Tuesday, Cemex laid off around 40 hourly production workers at its plant in Lyons (Colorado), US, or about 40% of its staff at the unit. (CW Group) Weak cement demand in the area motivated the layoffs at the Lyons plant, Cemex spokeswoman Jennifer... Type: Article Category: People Cemex sees fall in '09 volume, but will pay down debt 04 February 2009 Cemex said on Wednesday at its Investor and Analyst Conference - Cemex Day - that it sees 2009 EBITDA in the range of $3,5 billion to $3,7 billion. Free cash flow is expected to be between $1,9 billion and $2,1 billion, but debt burden remains a... Type: Article Category: Financial Mexico producers raise cement prices 03 February 2009 Cemex said on Tuesday that it hiked prices in Mexico by 138 pesos per ton for gray bagged cement, due to higher input costs. Holcim Apasco and Cruz Azul have also raised prices. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to... Type: Article Category: Volume & Pricing Cemex to cut investments by $200MM 01 February 2009 Executives at Cemex said last week on an analyst conference call that the company will cut its investment and expansion budget by $200 million in 2009. (CW Group) In 2008, Cemex spent spent $650 million on investments, less than the $850 million it had... Type: Article Category: Financial UK net decline "worst of any of Cemex' operations" 01 February 2009 Cemex latest financial report showed that its Surrey-based UK operations saw its fourth quarter EBITDA fall to a ┬ú13,4 million ($19,1 million) loss. For the full year the decline was 72%, the worst of any of CemexÔÇÖs operations. (CW Group) Fourth... Type: Article Category: Financial Cemex posts first quarterly loss in at least a decade 29 January 2009 Cemex on Thursday posted its first quarterly loss in at least a decade according to Reuters. Sales decreased 23% to $4,5 billion, remaining flat for the full year at $21,7 billion, and Cemex saw a net loss of $707 million for the quarter. Middle-East,... Type: Article Category: Financial Cemex announces successful refi of $4BN debt 28 January 2009 On Wednesday Cemex announced that it has refinanced $4,0 billion of debt, effectively extending maturities from 2009 and 2010 to 2011. Outlook brightens, but issues remain. (CW Group) Gonzalo Fernandez, analyst at Santander in Mexico, said in an update... Type: Article Category: Financial Cemex doubling asset sales to $2BN 27 January 2009 Cemex confirmed that it is to almost double its planned asset divestitures to more than $2 billion in 2009. The company will use proceeds to reduce outstanding debt. (CW Group) Lorenzo Zambrano, Cemex' chairman and chief executive, told the Financial... Type: Article Category: Mergers & Acquisitions Lost time incidents fall 70% in the UK 26 January 2009 Data released by the British Cement Association showed included the four large cement makers in the UK: Castle Cement, Cemex, Tarmac and Lafarge. In 2003, there were 101 incidents which caused which resulted in lost work time, but the figure fell to 31... Type: Article Category: People Cemex shuts down another plant in Spain 25 January 2009 Cemex Spain will stop producing white cement at its plant in Vilanova i la Geltr├║, Spain. As the company struggles with a steep fall-off in Spanish demand, the factory will be converted into a distribution center instead. (CW Group) According to union... Type: Article Category: Markets & Competition S&P cuts Cemex' debt to "junk" 22 January 2009 Ratings agency Standard & PoorÔÇÖs cut its credit rating on Cemex to below investment grade saying the companyÔÇÖs earnings will be hurt by slowing economies in the US, Mexico and Spain. The rating may be cut further following a review, S&P said. (CW... Type: Article Category: Financial Mexican President inaugurates Cemex wind farm 22 January 2009 Mexican President Felipe Calder├│n inaugurated the first phase of the development of Cemex' EURUS wind farm project in Oaxaca, Mexico, on Thursday. The wind farm will supply 25% of Cemex' energy needs in Mexico. (CW Group) The alternative energy source... Type: Article Category: Environment Ops problems at Cemex Venezuela after nationalization 20 January 2009 Following nationalization, the Venezuelan government has been under-investing in the former Cemex operation with deteriorating operating performance as a result, company workers said. (CW Group) Workers at the Cemex plant in Venezuela located in... Type: Article Category: Equipment GCC and Granite in bidding war over Lafarge US asset 18 January 2009 as this coming week ÔÇô the water cooler talk still favors Granite Construction," stated a company representative to ARI. Cemex is understood to have been contemplating an acquisition of the same assets 18 months to 2 years ago, but the deal did not... Type: Article Category: Mergers & Acquisitions Cemex US agrees to pay $2MM pollution fine 15 January 2009 Cemex agreed on Thursday to pay a $2 million fine and reduce nitrogen oxide emissions at the Victorville plant in a settlement with the U.S. Environmental Protection Agency. (CW Group) The EPA had claimed that within a four-year period, Cemex had twice... Type: Article Category: Environment 58 59 60 61 62 63 64 65 66 67 Results 1241 - 1260 of 1353 Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? Create one SHOW Forgot your username/ password? 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