Connect to share and comment

Holcim, Lafarge agree to merger to create cement giant

By Natalie Huet and Caroline Copley PARIS/ZURICH (Reuters) - Holcim <HOLN.VX> of Switzerland unveiled a deal to buy France's Lafarge <LAFP.PA> on Monday to create the world's biggest cement maker, with $44 billion of annual sales, and launch asset sales worldwide to steer it over antitrust hurdles.

Cemex says it complies with tax laws in Spain

Madrid, Nov 25 (EFE).- Mexican cement giant Cemex said it "complies scrupulously with all legal and tax obligations in Spain," and it vowed to take legal action against anyone publishing "imprecise" or "biased" reports about the company. The company "does not have any debts outstanding or face any penalties from the Spanish tax service as of this time," Cemex said in a statement. Cemex issued the statement in response to reports in the Spanish media last week about the firing of a tax inspector for rejecting the Mexican company's appeal of a large penalty.

Cemex supplies special cement for streetcar line in Spain

Mexico City, Sep 12 (EFE).- Cemex, one of the world's three largest cement producers, said it supplied special reinforced concrete that is structurally light and features special pigments for the Line 1 streetcar project in Zaragoza, Spain. "We are very proud to be able to offer world class solutions to our customers in Spain and to contribute to improving the country's infrastructure," Cemex Spain president Jaime Ruiz de Haro said in a statement.

Cemex to build $40 mn stretch of highway in Nicaragua

Mexico City, Sep 10 (EFE).- Cemex, one of the world's top cement companies, said it was part of a consortium that won a $40 million contract to build a 31-kilometer (19-mile) stretch of highway in Nicaragua. The consortium, made up of Cemex, Constructora Meco and Llansa Ingenieros, will build the first segment of the upgraded NIC 3 Nejapa-Puerto Sandino highway under a contract with the government, Cemex said in a statement. The project is "one of the most important in the country in terms of infrastructure in recent years," Cemex said.

Cemex to invest $18 mn in low-cost housing in D.R.

Mexico City, Sep 5 (EFE).- Cemex, one of the world's three largest cement producers, said it would invest $18 million in the construction of 568 low-cost housing units in San Pedro de Macoris, a province in the Dominican Republic. Construction started Wednesday on the 186-unit phase one of the Altos de Higuamo project, with the first 60 houses scheduled for delivery in December, Cemex said in a statement.

CEMEX invests $100 mn in Egyptian operations

Mexico City, Jun 4 (EFE).- Mexican cement giant CEMEX said it planned to invest $100 million to expand its operations in Egypt. "The planned investments were discussed in a meeting between Sergio Menendez, President of CEMEX in Egypt, and Yehia Hamed, Egyptian Minister of Investment" on Monday, the company said in a filing with Mexican securities regulators. The investment will allow CEMEX to "significantly improve its operations in Egypt and continue supporting the country's housing, commercial and infrastructure development," the filing said.

Cemex posts Q4 loss amid Europe weakness

Mexican cement giant Cemex posted a fourth quarter loss on Thursday with gains in the United States, Latin America and Asia being wiped out by falling sales in Europe. Battling to cut debt since the US housing crisis, the building materials company reported a loss of $489 million in the last quarter of 2012, which was an improvement from the $761 million it lost over the same period in 2011.
Syndicate content