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Cyprus largest deal in 2008 in cement sector 09 January 2009 M&A involving Cypriot companies tumbled to 1,08 billion euros in 2008, a decline of 60% from the 2,6 billion in 2007. The largest domestic transaction was between the island's two cement companies. (CW Group) 2008 ended four years of deal growth in... Type: Article Category: Mergers & Acquisitions Cemex US to shut Davenport plant 09 January 2009 of the 102-year-old North Coast factory is the result of a severe economic downturn, which has translated into a sharp decline in demand for cement across California, Cemex spokeswoman Jennifer Borgen said according to The Mercury News. "Demand does not... Type: Article Category: Markets & Competition TXI profit drops 87%, plant build delayed 08 January 2009 Mel Brekhus, Chief Executive Officer. "In Texas, which accounts for approximately 80% of TXI's sales, cement consumption declined about 20% this Fall compared to last year. Cement prices in Texas improved 3% from a year ago and about 1% compared to the... Type: Article Category: Financial S&P outlook on Holcim changed to "Negative" 28 December 2008 said in a research note. S&P is expecting that Holcim's key credit metrics will deteriorate significantly in 2008 and decline further in 2009, driven by its "aggressive expansionary spending and the pressure on margins and cash flows in the currently... Type: Article Category: Financial Siam Cement to target "limited-budget customers" 22 December 2008 With Thai demand for cement forecast to decline for the fourth consecutive year in 2009, SCG Cement plans to penetrate the "middle to low-end market." (CW Group) "Consumers are likely to limit their budgets because of the economic downturn. Therefore,... Type: Article Category: Volume & Pricing HSBC: large looming Saudi overcapacity 22 December 2008 report estimates that cement costs as a proportion of both residential, and residential and commercial building costs, will decline in line with cement prices, stabilising at 15.5 per cent and 4.4, respectively. "This effectively means we do not see any... Type: Article Category: Markets & Competition HSBC: large looming Saudi overcapacity 22 December 2008 report estimates that cement costs as a proportion of both residential, and residential and commercial building costs, will decline in line with cement prices, stabilising at 15.5 per cent and 4.4, respectively. "This effectively means we do not see any... Type: Article Category: Markets & trade Ukraine cement industry sees bleak future 21 December 2008 the reduction in output is for the whole industry in the Ukraine. "For example, in November compared to October, delivered declined by 27%," he said. A member of the Board of Directors of Fomalgaut, Mr. Sergei Budnik explained that over the past two... Type: Article Category: Markets & Competition Russia production falls 9,6% 20 December 2008 you tried to access is only available to paid subscribers.","link":"1"}] Despite the overall increase, the Russian output decline that started in October has continued. Cement is one of the hardest hit sectors with January through November output at 51... Type: Article Category: Volume & Pricing Taiwan producer margins to decline 17 December 2008 Taiwan's top producers - Taiwan Cement, Asia Cement and Chia Hsin Cement - have seen first-three-quarter profits fall to a five-year low. [$] (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Volume & Pricing Venezuela cement demand up YTD, but slowing 17 December 2008 sector. Figures show that in November 2008 645.000 tons of cement were sold, while in November 2007 709.000 tons, or a decline of 9,5%, El Universal reported. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Volume & Pricing ACC shuts down kiln 17 December 2008 plant in Himachal Pradesh for 15 days. (CW Group) Weak cement demand in both Himachal Pradesh and Punjab has lead to an 8% decline in demand. As a result clinker stock levels have been rising at the Gagal works. This forced ACC to shut down its... Type: Article Category: Volume & Pricing Cement prices cut in Pakistan 17 December 2008 sources said. "The reduction in the international price of coal from almost $200 per tonne to $101 will also lead to a decline in cement price by a further Rs 5 to Rs 10," an analyst said. Copyright CW Group. All rights reserved. Unauthorized... Type: Article Category: Volume & Pricing Cemex expects big drop in Q4 results 16 December 2008 and amortization would be around $800 million in the fourth quarter. This is 27% lower than the year-ago period. The decline was worsened by the recent seizure of Cemex Venezuela assets. Without the nationalization of those assets, EBITDA was estimated... Type: Article Category: Financial Indonesia demand falls 2,4% in Nov 16 December 2008 Weaker demand in principally Java, the most heavily populated island and main cement market, was a key driver behind the decline industry data showed. However, cement demand for January through November has increased by 12,6% to 34,96 million ton,... Type: Article Category: Volume & Pricing US "construction markets is one of the worst ever" 16 December 2008 chief economist of the U.S. Portland Cement Association, Mr. Ed Sullivan, showing that cement consumption is expected to decline 12% in 2009, 5% in 2010, and see no recovery until 2011. Overall, we are likely to see a correction of close to 35% (41... Type: Article Category: Markets & Competition US cement shipments fall 13% YTD Sept 16 December 2008 Cement shipments in the US were 74,8 million tons January through September, a decline of 13% from the same period in 2007. (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}]... Type: Article Category: Volume & Pricing Garadagh market share to drop in 2008 14 December 2008 Garadagh Cement,┬áAzerbaijan's largest cement producer, is likely to see its market share decline in 2008. (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid subscribers.","link":"1"}] According to... Type: Article Category: Markets & Competition Colombia shipments fall 1,2% Jan-Nov 14 December 2008 8,2 million tons of cement were shipped in Colombia during January through November this year, a decline of 1,2% over the same period 2007. (CW Group) [PAID={"id":"1,2,3,4,5","title":"The content you tried to access is only available to paid... Type: Article Category: Volume & Pricing Exports up 73% in Pakistan, utilization down 16 November 2008 have increased, capacity utilization in Pakistan has fallen to 76,4%, down by 21 percentage points. The reason behind the decline in utilization is largely due to plant expansions which have increased output by 1,5 million tons YoY (4%). Lucky Cement... 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