All Cemex articles – Page 5

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    Article

    Maximum fines for Polish cement cartel

    2009-12-11T15:03:00Z

    OCCP announces € 99 million fines against seven companies following three-year investigation, but accused say they will appeal.

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    Article

    Cemex to launch US$ 1.8 billion share issue

    2009-09-09T11:03:00Z

    Proceeds from the domestic and international offering will be used to pay down debt.

  • Article

    Cemex shareholders approve capital increase

    2009-09-08T11:27:00Z

    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

    2009-07-30T10:59:00Z

    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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    Article

    Cemex considering legal action against Strabag

    2009-07-06T09:23:00Z

    Cemex disputes the validity of Stabag's withdrawal from the acquisition of its Austrian and Hungarian businesses.

  • Strabag CEO Dr Hans Peter Haselsteiner.
    Article

    Time runs out for Strabag-Cemex deal

    2009-07-03T12:55:00Z

    Strabag blames Austrian competition authority for missed deadline.

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    Article

    Holcim to acquire Cemex Australia for US$ 1.61 billion

    2009-06-16T11:27:00Z

    Cemex will use proceeds to pay down debt

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    Article

    Sales slump for Cemex

    2009-04-29T10:57:00Z

    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

    2008-11-10T16:58:00Z

    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.

  • Article

    Latest Cemex results show decline in sales

    2008-10-17T15:32:00Z

    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

    2008-08-21T09:18:00Z

    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.

  • Hugo Chavez
    Article

    Venezuela nationalises cement - Cemex plants siezed

    2008-08-19T08:22:00Z

    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.

  • Strabag CEO Dr Hans Peter Haselsteiner.
    Article

    Strabag buys into materials sector

    2008-07-31T08:05:00Z

    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.

  • Article

    Continued growth for Cemex

    2008-07-24T13:35:00Z

    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 ...

  • Article

    Cemex maintains forecast

    2008-06-18T08:41:00Z

    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.

  • Article

    Cemex planning sales

    2008-05-08T07:47:00Z

    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.

  • Article

    Venezuela to nationalise cement

    2008-04-10T14:58:00Z

    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.

  • Article

    Hanson boosts Heidelberg profits

    2008-03-07T15:46:00Z

    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.