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Cementos Argos gets ok for spin-off 29 April 2012 Regulator approves divestiture. ┬á (CW Group) ColombiaÔÇÖs financial regulator has approved Cementos ArgosÔÇÖs spin off of assets that arenÔÇÖt related to cement production, including portfolio investments, real estate and port assets. The assets will... Type: Article Category: Mergers & Acquisitions HeidelbergCement Georgia focuses on environmental protection 29 April 2012 Environmental protection is currently a core element in the sustainability policy of HeidelbergCement, a report from Financial Channel said. According to the report, an example is the companyÔÇÖs large investments in sustainability in Georgia. The... Type: Article Category: Environment Algeria: ASEC to start operations at Djelfa plant by 2015 27 April 2012 2009 and was supposed to be completed by 2011. However work on the plant stopped for two years due to the effects of the financial crisis. The facility is designed to have a capacity of three million tons that would later be upgraded to 5.1 million tons... Type: Article Category: Plant Expansions Spain to see more cement plant closures 27 April 2012 intervene and help rein in the rising cost of energy. The Spanish cement industry has lost about half its value since the financial crisis began in 2008. As a result some cement companies like Cementos Portland Valderrivas have begun shutting down... Type: Article Category: Markets & Competition Global shipping industry to experience funding deficit 26 April 2012 costs. That, combined with stricter capital rules for lenders and conditions for bailouts some banks received during the financial crisis, has led many lenders to scale back their shipping operations or exit the market altogether. Copyright CW Group.... Type: Article Category: Shipping & logistics Pakistan's Lucky Cement to build plant in Iraq 26 April 2012 reports the Business Recorder. ┬á The plant will have a production capacity of 870,000 tons per annum. The technical and financial evaluation of the proposed project has already been carried out by the team of experts as the management of Lucky Cement... Type: Article Category: Plant Expansions Cemex pares losses as sales pick up 26 April 2012 The company did not include figures on its heavy debt load, but said it was "confident in our ability to meet all of our financial obligations." Cemex is one of the largest cement producers in the world, with operations in 50 countries. Copyright CW... Type: Article Category: Financial Pakistani cement prices called 'disproportionate' 25 April 2012 has led balance sheets from most cement companies being impaired while the sector records losses. In the 2010 to 2011 financial year, 11 cement units reportedly suffered losses before taxation amounting to around Rs 5.681 billion, the report said.... Type: Article Category: Volume & Pricing Bangladesh: Seven Circle wants to double production by 2014 24 April 2012 based Seven Circle plans to double its production output in two years to 3.3 mm tons, reports The Financial Express. ┬á "We have now the capacity of 1.7 million tons per year and the expansion drive of our company was taken in view of the rising demand... Type: Article Category: Volume & Pricing India: Udayapur Cement to close down for a month 24 April 2012 Company admits financial difficulties. (CW Group) ┬áUdayapur Cement announced that it would be shutting down its cement plant for a month for ÔÇÿmaintenance workÔÇÖ reports WN. The closure of the 800 ton per day facility has been speculated to be... Type: Article Category: Markets & Competition TCL optimistic it can shake off slump 23 April 2012 insolvent cement producer has a solid corporate plan to raise its performance level. TCL GroupÔÇÖs consolidated audited financial statement reported a loss of $375 million in 2011, following a loss of more than $80 million in 2010. TCL workers, members... Type: Article Category: Markets & Competition Nigeria: UBA to partner with Dangote Cement 20 April 2012 Dangote is building cement plants, except for South Africa. The partnership will help the company get easy and standardize financial services in the countries it operates in.┬á The services the bank is offering include payment collection and short-term... Type: Article Category: Financial Vietnam: Two cement units in danger of closure 18 April 2012 economic difficulties have only exacerbated matters. According to the report, these units are immersed in spiraling financial costs amid low product consumption, and the risk of closure is very high. "Although the main lines are still operating, we are... Type: Article Category: Financial Jamaica: Auditors question Carib Cement on future sales 18 April 2012 concerns about the inclusion of future sales under the PetroCaribe agreement by the Caribbean Cement Company in its 2011 financial report, reports The Gleaner. If excluded, it would wipe out the company's shareholders' equity and worsen its loss... Type: Article Category: Markets & Competition Pakistan: DG Khan sees positive first 9 mos 18 April 2012 Reports profit after tax of Rs 2.071 billion for nine months ending March 31, 2012. ┬á (CW Group) According to financial results sent to KSE here Wednesday, the pre-tax profit of the company surged to Rs 2.775 billion during the period under review... Type: Article Category: Financial Indian March coal imports reveal increase in demand 17 April 2012 India increased its March coal imports by 24 percent as power plants increased buying before summer reports Financial Express. ┬á Importers led by Adani Enterprises , Bhatia International, Tata Power and Steel Authority of India received 11.6 million... Type: Article Category: Markets & trade Spain: Valderrivas Olzati plantÔÇÖs to burn alternative fuels opposed 16 April 2012 Spanish cement consumption has dropped to multi decade lows in recent years as the country suffered the effects of the financial crisis. In response the company announced plans to shutter several of its cement plants in the country. The company hopes to... Type: Article Category: Markets & Competition Najran Cement IPO starts this week 16 April 2012 per share representing half its capitalization. The IPO will be open to Saudi citizens only and is being organized by its financial adviser Saudi Fransi Capital. Apart from Saudi Fransi the company will be assisted by Bank Saudi Fransi,Samba Financial... Type: Article Category: Financial Newcastle Agri to begin construction of grain export facility 16 April 2012 complete in June 2013, they will assume the role of joint chief executive officers, the report said. The project has the financial backing of Glencoe Grain, Olam and CBH Grain, and will operate as an independent terminal.[/PAID] Copyright CW Group. All... Type: Article Category: Ports & handling China COSCO reportedly seeking government funds 16 April 2012 to 10 billion yuan from the Ministry of Finance after record losses in 2011, reports Marketwatch. ┬á The companyÔÇÖs 2011 financial report showed that the firm┬áregistered a whopping 10.45 billion yuan in net losses for 2011, and had the... 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