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Fitch downgrades HeidelbergCement's debt 11 March 2009 "The ratings reflect the sizable refinancing risk stemming from HeidelbergCement's 5 billion tranche B facility (for the acquisition of Hanson), maturing) in May 2010," Fitch said. Copyright CW Group. All rights reserved. Unauthorized distribution... Type: Article Category: Financial Gazmetallproekt to invest Ôé¼125MM in new plant 28 February 2009 to paid subscribers.","link":"1"}] The company said that the funds will be for both the construction work, and the acquisition of most of the equipment, NSP reported. At the present time, we have completed the first phase of the project -- produced and... Type: Article Category: Plant Expansions Shuangji Cement to relocate to new 1 mtpy plant 27 February 2009 is in advanced negotiations to acquire a 500.000 ton capacity cement plant in the Shandong province. The specifics of the acquisition will be announced following the closing of the transaction. It is expected that Shuangji will close the transaction in... Type: Article Category: Plant Expansions FLSmidth acquires Conveyor Engineering 27 February 2009 and manufacturer of bulk material handling systems for cement, mining and heavy industrial facilities. (CW Group) "This acquisition demonstrates that even in temporary market downturns there are investment opportunities that are so good strategically... Type: Article Category: Mergers & Acquisitions FLSmidth drops dividend to save for acquisitions 26 February 2009 FLSmidth reported on Thursday that it will cancel its dividend to save cash for acquisition opportunities. The company also said it saw a 9% increase in 2008 profits and expects new kiln capacity to fall dramatically in 2009. (CW Group) In its earnings... Type: Article Category: Mergers & Acquisitions Lafarge Q4 profit sharply lower, announces rights issue 20 February 2009 sales rose 7%. Focus for 2009 will be on repairing the balance sheet after net debt rose 94% during 2008 following its acquisition of Orascom. A 1,5 billion euro rights issue was also announced. (CW Group) Sales rose 7% to 4.647 million euros, up 11% at... Type: Article Category: Financial Deripaska not planning on selling Strabag stake 18 February 2009 that Deripaska might be forced to sell his stake in Strabag as he may not be able to repayd debt taken out to finance the acquisition of the stake in Strabag, Reuters said. The 500 million euros ($632,3 million) loan was extended in 2008 by the family... Type: Article Category: Mergers & Acquisitions Holcim acquires Italian grinding operation 17 February 2009 to paid subscribers.","link":"1"}] Micron Mineral supplies the North Adriatic area under the GranCem brand. With the acquisition, Micron becomes part of Regional Industrial Group Holcim (Italia) SpA grinding station located in the port of Ravenna,... Type: Article Category: Mergers & Acquisitions Holcim acquires Italian grinding operation 17 February 2009 to paid subscribers.","link":"1"}] Micron Mineral supplies the North Adriatic area under the GranCem brand. With the acquisition, Micron becomes part of Regional Industrial Group Holcim (Italia) SpA grinding station located in the port of Ravenna,... Type: Article Category: Ports & handling Strabag acquisition of Cemex Hungary approved 14 February 2009 Epit├Âanyagok Kft. to Strabag, the Vienna based construction group, the Austrian Times reported. Approval for the acquisition of Cemex' Austrian operatons is still pending. The total transaction value for the two units is 310 million euros. Strabag... Type: Article Category: Mergers & Acquisitions HeidelbergCement sees uncertain 2009, looking for investors 09 February 2009 Dr. Bernd Scheifele, Chairman of the Managing Board of HeidelbergCement, according to a company statement. "Since the acquisition of Hanson in August 2007, we are one of the world's leading companies in all our business areas." HeidelbergCement's... Type: Article Category: Financial Himachal gov't making land acquisition to kick-start project 08 February 2009 The Himachal government is advancing with plans for a land acquisition to clear land for a new cement plant near Sundernagar in Mandi district of India. (CW Group) Notification towards land acquisition for setting up the cement plant has been issued,... Type: Article Category: Plant Expansions Semen Gresik enlists Credit Suisse for expansion 31 January 2009 Indonesia's Semen Gresik has appointed Credit Suisse to advise the company on its already announced overseas acquisition program. (CW Group) President director Dwi Soetjipto told reporters Friday after a shareholdersÔÇÖ meeting that Credit Suisse would... Type: Article Category: Mergers & Acquisitions Fitch negative on European construction sector 26 January 2009 negatively impact cash flows. Fitch said this will pressure ratings, "at a time when headroom is limited following recent acquisition activity." (CW Group) De-leveraging will be challenging in 2009 and Fitch believes that issuers which are reliant on... Type: Article Category: Markets & Competition Fitch negative on European construction sector 26 January 2009 negatively impact cash flows. Fitch said this will pressure ratings, "at a time when headroom is limited following recent acquisition activity." (CW Group) De-leveraging will be challenging in 2009 and Fitch believes that issuers which are reliant on... Type: Article Category: Shipping & logistics S&P cuts Cemex' debt to "junk" 22 January 2009 that canÔÇÖt buy debt thatÔÇÖs not investment grade." Cemex used short-term debt to finance the $14,2 billion acquisition of Rinker Group in July 2007, tripling the companyÔÇÖs debt load. Cemex had net debt of $16,4 billion at the end of September,... Type: Article Category: Financial GCC and Granite in bidding war over Lafarge US asset 18 January 2009 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 close as Cemex and Lafarge could not agree on a... Type: Article Category: Mergers & Acquisitions CRH-Pavestone deal terminated 15 January 2009 Ireland-based building materials group, announced late Wednesday that it effectively had terminated the pending Pavestone acquisition due to US anti-trust concerns. (CW Group) CRH will withdraw the Hart-Scott-Rodino (HSR) anti-trust clearance filing its... Type: Article Category: Mergers & Acquisitions Heidelberg to sell assets, raise capital 14 January 2009 HeidelbergCement announced plans to sell non-strategic assets to pay down its $7,4 billion debt related to the Hanson acquisition maturing in 2010. (CW Group) GermanyÔÇÖs biggest cement manufacturer is planning to divest non-strategic assets to reduce... Type: Article Category: Financial Lafarge CEO: "We want to be part of the growth in Indian construction activity" 12 January 2009 fact that valuations of cement companies are significantly low, are you looking forward to expand your presence through acquisitions? We are open to an acquisition if there is an opportunity at a right price. However, it is not a priority for us at this... Type: Article Category: People 100 101 102 103 104 105 106 107 108 109 Results 2141 - 2160 of 2177 Free NEWSLETTER Please enable the javascript to submit this form FREE SIGN-UP Sign in Don't have any account? 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