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Pakistan cement exports increased 30 July 2012 as producers ship more cement outside the country. ┬á (CW Group) Pakistan statistics say export of cement during last financial year rose 9.06%, reports the Business Recorder. ┬á The exports were valued at $498.909 million during the period under review... Type: Article Category: Volume & Pricing India Cements secures funding from two banks 30 July 2012 from ICICI Bank and Axis Bank, reports the Business Standard. ┬á According to the Annual Report 2011-12, it has availed financial assistance in the form of external commercial borrowing (ECB) of $60 million from ICICI Bank Limited for the purpose of... Type: Article Category: Financial FCC to backstop Portland restructuring 30 July 2012 which includes several options that do go through a capital increase or sell its U.S. subsidiary Giant. The FCC Chief Financial Officer pointed out that Giant continues to appear as an asset available for sale in the financial statements of the... Type: Article Category: Markets & Competition India gov't to sell six cement plants 29 July 2012 plantsÔÇöone each in Madhya Pradesh, Karnataka, Haryana and Delhi, and two in Chhattisgarh. The Board for Industrial and Financial Reconstruction (BIFR), which looks into sick public sector units, has reconstituted an asset sale committee to arrive at a... Type: Article Category: Mergers & Acquisitions Argos reports higher H2 revenues 27 July 2012 funding strategy the company issued bonds worth $1 billion in the second quarter. The proceeds will go to paying off its financial liabilities and working capital. The issue is the largest held in the Colombian market so far this year and were able to... Type: Article Category: Financial Integrax to sign 25 year coal deal 27 July 2012 Terminal (LBT) by 50 percent to nine million tons per year. The new contract is likely to be a boon for Integrax. For its financial year ended December 2011, Integrax posted a net profit of RM43.8 million on the back of RM87.9 million revenue. Earnings... Type: Article Category: Shipping & logistics Financial woes broadside Qena Cement 26 July 2012 Gas deliveries delayed to the plant as liquidity woes hound Egyptian cement maker. ┬á (CW Group) Qena Cement is struggling with its debt and now faces the prospect of delays in its gas deliveries, that will certainly cripple production there. ┬á... Type: Article Category: Markets & Competition Chinese iron ore traders shed positions at a loss 26 July 2012 prices have now convinced Chinese traders to shed positions even at a loss, reports Reuters. ┬á Big trading firms have the financial muscle to hold on for much longer, but even state-owned giants like Sinosteel and Minmetals were selling small amounts... Type: Article Category: Markets & trade Cementir turns a profit in H1 25 July 2012 to 450.9 million in the first half 1 of 2011, and the gross and operating margin was at 55.9 million. Meanwhile, the net financial position was negative by 406 million, recording a decline of 48 million compared to December 31, 2011 primarily due to the... Type: Article Category: Financial KHD warns growth to slow this yaer 22 July 2012 that consolidated revenues in about the level of fiscal 2011 reached while the EBIT margin is expected 2-4%. The interim financial report for the first half of 2012 will be announced on 15 August 2012.[/PAID] Copyright CW Group. All rights reserved.... Type: Article Category: Financial Cemex posts narrower Q2 loss on US strength 20 July 2012 Stronger global pricing supportive, and though Europe slumps further, Americas expands; confident of meeting financial obligations. ┬á (CW Group) Consolidated net sales reached U.S.$3.9 billion during the second quarter of 2012, an increase of 1% on a... Type: Article Category: Financial Deadline for debt refinancing for Cementos Portland looms 18 July 2012 Barclays and Banco Pastor, among others. CPV official spokesmen say the talks are "in the right direction" and that the financial transaction can be closed before the end of July. The management has initiated discussions with the various councils that... Type: Article Category: Financial Transnet hopeful of hitting targets 18 July 2012 Mining Weekly. ┬á The company in particular seeks to recoup production lost during the first few months of its current financial year, which included a nine-day shutdown. The company targets to haul up to 77-million tons to the Richards Bay Coal... Type: Article Category: Shipping & logistics Business sector cries foul over INC borrowing plan 16 July 2012 was the advance sale of cement to government infrastructure units, which also proved unfeasible. In Llanos view, the bad financial situation of the INC is the fault of successive administrators, adding they should be punished, warning the national... Type: Article Category: Financial Cemcorp to start work on Jamaica plant this year 15 July 2012 construction loans, even though that may change, according to Jackson, while the Canadian investors are finalising the financial structure of the project.[/PAID] Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Plant Expansions Carib Cement hopeful of recovery by next year 11 July 2012 sound Caribbean Cement increases the possibility of profit and positive working capital for the first time in three financial years. "We are not out of the woods (but) definitely our outlook is more positive," General Manager Anthony Haynes said.... Type: Article Category: Markets & Competition TXI adds three board members 11 July 2012 Officer of European operations. From the time he joined SCI in 1996 until November 2000, Mr. Ryan served in a variety of financial management roles. Before joining SCI, Mr. Ryan was a certified public accountant with Coopers & Lybrand LLP for eight... Type: Article Category: People Skyonic to build carbon capture unit in San Antonio, US 11 July 2012 on air quality, there will be a pretty dramatic impact on the local economy,ÔÇØ says Scott Gardner, SkyonicÔÇÖs chief financial officer. According to the report, the venture would be one of the largest-clean technology projects for San Antonio, which... Type: Article Category: Plant Expansions Transnet sets 2013 coal handling target 11 July 2012 Transnet expects to haul between 73-million and 75-million tons of export coal during its 2012/13 financial year, notwithstanding softer market conditions for mineral reports Mining Weekly. ┬á TFR anticipated that it would rail 7.7-million tons during... Type: Article Category: Shipping & logistics Cementos Portland mulls layoffs to stay afloat 11 July 2012 Portland, a subsidiary of FCC, has proposed what it calls a "workforce adjustment" to avoid financial difficulties, the closure of a plant and the idling of two others, reports Expansion. ┬á Sources close to the negotiations indicated that such... 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