All Cemex articles – Page 5
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Article
Cemex shareholders approve capital increase
An Extraordinary General Meeting of Cemex shareholders has approved plans for a massive capital increase sometime within the next two years.
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Article
Developed markets hit Cemex figures
Cemex's sales for the second quarter of the year were down -34% on the same period last year to US$ 4.19 billion.
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Cemex considering legal action against Strabag
Cemex disputes the validity of Stabag's withdrawal from the acquisition of its Austrian and Hungarian businesses.
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Time runs out for Strabag-Cemex deal
Strabag blames Austrian competition authority for missed deadline.
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Holcim to acquire Cemex Australia for US$ 1.61 billion
Cemex will use proceeds to pay down debt
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Article
Sales slump for Cemex
Cemex’s sales for the first quarter of 2009 were down -32% to US$ 3.7 billion, compared to US$ 5.4 billion for the same period last year. Operating profit fell -29% to US$ 326 million, down from US$ 461 million in the first quarter of 2008.
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Article
Cemex selling Canary Islands assets
Cemex is selling its assets in the Canary Islands to Spanish investment holding company Cimpor Inversiones, a subsidiary of Cimpor Cimentos de Portugal, according to a statement on its website.
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Latest Cemex results show decline in sales
Cemex's net sales in the third quarter of 2008 totalled US$ 5.8 billion, a -5% decline compared to the same period last year, a company statement has revealed.
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Article
Cemex to seek arbitration over Venezuelan assets
Cemex says it will submit a complaint to the World Bank's Center for Settlement of Investment Disputes following the Venezuelan Government's seizure of its assets in the country. The company says the move viiolated both national and international law.
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Article
Venezuela nationalises cement - Cemex plants siezed
Venezuela has nationalised its cement industry with the acquisition of majority stakes in Holcim and Lafarge’s operations, and the seizure of Cemex’s assets in the country.
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Strabag buys into materials sector
Strabag has announced plans to acquire Cemex's building materials businesses in Austria and Hungary, which employ 1012 people and had sales last year of € 257 million.
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Article
Continued growth for Cemex
Cemex’s results show a +29% net sales increase to US$ 6.3 billion in the second quarter of 2008 compared to the US$ 4.9 billion figure of the same period last year. Operating income increased by +12% as the company’s higher sales were attributed to the integration of Rinker as well ...
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Article
Cemex maintains forecast
Cemex had revenues of US$ 11.8 billion for the first half of the year, and achieved earnings before income tax, depreciation and amortisation (EBITA) of US$ 2.3 billion.
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Article
Cemex planning sales
Cemex has announced plans to sell various businesses in Austria, Hungary and the UK in a bid to reduce its debt burden. The units in question had generated revenues of US$ 456 million last year.
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Article
Venezuela to nationalise cement
Venezuelan president Hugo Chavez has announced the forcible nationalisation of the country’s cement industry with immediate effect. He said in a televised speech that the country could no longer allow cement to be exported when it was needed to help curb Venezuela’s housing shortage.
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Article
Hanson boosts Heidelberg profits
Heidelberg Cement says its revenues for 2007 will be about +35% higher than 2006 at about € 10,7 billion, following the acquisition of Hanson and the sale of Maxit Group. Its operating profits are expected to hit € 1,8 billion, a +38% increase on 2006's figure of € 1,3 billion.
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