MOST READ Plant Expansions Alabama Cement plans low-carbon facility in Theodore, New facility to boost sustainable production April 24, 2025 Environment Holcim Hungary inaugurates solar power facility in Hungary site enhances clean energy commitment April 24, 2025 As predicted, Venezuelan authorities cheat Argos out of compensation Today the Venezuelan courts announced that the Colombian group that had acquired and been operating Cemento Andino for 20 years, actually is not the rightful owner of the plant after all. Instead, the previous owner, Mr. Simón Ramos Farías, should be compensated for the seizure of the plant. However, since he allegedly defrauded the Venezuelan government in the plant's original privatization, supposedly no compensation will be paid out. Read more: As predicted, Venezuelan authorities cheat Argos out of compensation Semapa profits down 11% Portugal's Semapa, which owns cement maker Secil and paper maker Portucel, announced an 11% drop in net profits for the first three quarters of 2008. Read more: Semapa profits down 11% Venezuela cancels Cemex' outstanding dividend The Venezuelan government entity that is negotiating the compensation for its seizure of cement plants in the country, announced that it has "unanimously decided to suspend the payment of the outstanding dividends" at Cemex Venezuelan operations. Read more: Venezuela cancels Cemex' outstanding dividend Argentina's cement companies appeal ruling Argentinian cement producers Loma Negra and its subsidiary Cementos San Martín (both part of Brazil's Camargo Correa group) announced that they will be appealing collusion-related fines from 2005. The cement companies were fined 138,7 million pesos ($41 million) and 28,5 million pesos ($8,5 million), respectively, by the competition authorities for colluding with other cement producers in Argentina. Read more: Argentina's cement companies appeal ruling Adelaide Brighton reduces forecast on weak FX Australia-based Adelaide Brighton reduced the full-year profit estimate down to A$118 million, from A$123 million as a result of the weak Australian dollar. Read more: Adelaide Brighton reduces forecast on weak FX Indocement profit up 76% Cemex bond rating lowered to "junk" India Cements sales rise 21 % ACC shipments down 3,4% in Oct Page 83 of 781 78 79 80 81 82 83 84 85 86 87 Sign in Don't have any account? Create one SHOW Forgot your username/ password? Log in Terms Of Service Privacy Policy This site is protected by reCAPTCHA and Terms of Service apply Sign in as: User Registration * Required field Sign In Information Personal Information Agree Yes No Terms of Service:You consent that we will collect the information you have provided us herein as well as subsequent use of our platform to render and personalize our services, send you newsletters and occasionally provide you with other information. * Fields marked with an asterisk (*) are required. Register SaveCookies user preferencesWe use cookies to ensure you to get the best experience on our website. If you decline the use of cookies, this website may not function as expected.Accept allDecline allCW GroupNewsAcceptDecline
