Camargo had initially expected to list the unit this year, but volatility related to Brazilian presidential elections has postponed the expected date to InterCement is now working on a new corporate structure for its operations in Portugal and countries such as Egypt, South Africa and Mozambique.
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This website is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Emerging markets continue to be the main driver of demand for Lafarge, which said that it benefits from its well balanced geographic spread of high quality assets.
The group also said that it expected higher pricing for and that cost inflation will increase at a lower rate than in Germany: HeidelbergCement HC has released its financial results for the first quarter of , which show a mixed overall performance. HC reported strong growth in its North American operation, where it described the early signs of an economic recovery that had been helped by a relatively warm winter. It also highlighted strong developments and further potential in Asia, especially in Indonesia.
It partly recovered some of its margin by the implementation of price increases. The company reported that its three-year FOX programme for financial and operational excellence led to an improvement in cash flow of Euro39m in the first quarter of The company says that it is well on track to achieving the targeted improvement of Eurom over three years, saving Eurom in alone.
HeidelbergCement is excellently positioned to benefit over-proportionally from the continued economic growth. UK: If Tarmac and Lafarge go through with their proposed JV tie-up in the UK, Lafarge will be obliged to sell its long-established Hope plant in Derbyshire, in the heart of the Peak District National Park, as well as its top-quality limestone quarry and rail depot connections. The Competition Commission has indicated that it would like an 'outsider' to buy the package, which also includes significant other assets in aggregates and readymix.
The question is, who might be interested to buy it? The UK is now a mature market, which has contracted significantly over the last decade, so that heady growth is not a possibility.
Given that the return on capital invested is going to be quite low, why would anyone want to commit their cash or their credit to buying into the UK construction materials market? Why not put your money into bio-tech, or telecomms or even into a micro-development bank in the developing world? I guess that it is largely down to a calculation of risk versus reward as usual.
For the remainder of Titan does not expect private building activity or infrastructure projects to improve its outlook in Greece. In the US it expects the increase in cement consumption noticed in the first half of to continue. In Southeastern Europe the continued slowdown related to the Eurozone crisis is expected to hold back demand for building materials.
In Egypt expectations about cement demand remain cautiously optimistic whilst in Turkey demand remains at high levels for the time being for both private and public works. Written by Global Cement staff 29 August Given the distances involved and the rising optimism shown for the North American market in the latest financial results for the cement industry, targeting imports might at first seem odd.
Mexico, the USA's other land neighbour, could only manage fourth. By customs districts Texas imported 0. Alarmingly though, Texas has already imported 0. If this rate continues for the rest of Texas could be facing a total imported figure of 1.
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