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Lower profits noted for Saudi's Yanbu cement 07 January 2014 Fourth quarter numbers fell double digits for the company ┬á (CW Group) In Saudi, based on preliminary financial results for the Saudi Yanbu Cement Company, net profits declined for the fourth quarter of 2013 by about 20%, due to lower sales and higher... Type: Article Category: Financial Panama Canal decided to defuse a row over huge cost overruns 07 January 2014 also contributeÔÇØ. SpainÔÇÖs ambassador to Panama, Jesus Silva, said that his government would not provide any kind of financial support. ┬áPanamanian President Ricardo Martinelli accused the consortium of ÔÇ£great irresponsibilityÔÇØ when threatened... Type: Article Category: Shipping & logistics DOTC noticed a delay in awarding 2 projects 06 January 2014 The two major public private partnership projects are evaluated for the financial bids submitted by proponents ┬á (CW Group) This two projects are the P1.72-billion Automatic Fare Collection System (AFCS) and the P17.5-billion Mactan Cebu International... Type: Article Category: Markets & trade Group Chief Executive retires from CRH 05 January 2014 contribution to CRH over 32 years of service, and for his excellent stewardship of CRH through the recent global financial crisis. ┬áAs Albert takes up the role of Chief Executive, we look forward to CRH progressing its next phase of development."... Type: Article Category: People Ahlstrom appoints new Chief Financial Officer 31 December 2013 February 1, 2014 (CW Group) Fiber-based materials producer Ahlstrom appointed Sakari Ahdekivi, 50, M.Sc (Econ.), as Chief Financial Officer and member of the Executive Management Team. He will join Ahlstrom on February 1, 2014, informs the company.... Type: Article Category: Europe & Central Asia Raysut seeks anti dumping measures against UAE 29 December 2013 by UAE firms, after these firms faced a glut in demand in their domestic market four years ago in the aftermath of global financial crisis. "There is a need to bring in restrictions on UAE exports to Oman. We have asked the government to introduce a... Type: Article Category: Markets & Competition The dry bulk index has risen up over 100% in the last months 27 December 2013 Now the industry is starting to recover due to global economy which continues to raise Many companies have very poor financial condition, but in short-term they may rise in the sector. It looks like thereÔÇÖs a lot of money to be made in shipping... Type: Article Category: Shipping & logistics Port of Santos to show strong results 26 December 2013 is due to exports, which had an increase of 12.7 percent over the performance of last year, even under the effects of the financial and economic crisis that affected the world's major economies, including Brazil, reports Export News. The economic... Type: Article Category: South America Hahn & Co buys Hanjin bulk 26 December 2013 a deal of KRW 1,3 trillion ($1,2 bn) deal ┬á (CW Group) The acquisition will be finished next week which will save financially HanjinÔÇÖs dry bulk business. Hanjin hopes to raise a total of KRW 1,9 trillion through asset sales and fresh loans in order... Type: Article Category: Equipment & technology India: Cement demand expected to improve in 2014 23 December 2013 Cost pressures continue (CW Group) The continued slowdown in the economy has resulted in weak cement demand and poor financial performance by cement manufacturers, reports Mydigitalfc. The sector is also facing pressure on the cost front due to an... Type: Article Category: Markets & Competition Arabian Cement starts maintenance process 19 December 2013 impact on the company's ability to meet its obligations to its customers, and it will later announced the impact on its Q4 financial results. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Equipment Canada: DomtarÔÇÖs diaper strategy getting good reviews 18 December 2013 move into the market for adult incontinence over the past couple of years is getting good reviews from investors, reports Financial Post. ┬á Investors believe the move will temper ongoing concerns regarding the companyÔÇÖs core pulp-and-paper business... Type: Article Category: North America Project of Aurizon to be cancelled 17 December 2013 appear as an asset impairment expense of $130 million to $150 million in its accounts for the first half of the 2013/14 financial year, according to News. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. Type: Article Category: Markets & trade Bangladesh: Lafarge Surma taps on domestic clinker sales 12 December 2013 reported that it earns around US$50 ÔÇô US$60 million per year from selling clinker to other cement companies, reports The Financial Express. ┬á The company gains not only from the clinker sales, but is also saving on the foreign currency side.... Type: Article Category: Markets & Competition Habesha Cement secures partial loan from DBE 10 December 2013 facilitation agreements were also signed the next day at the same venue, between Habesha, the DBE and the PTA Bank - the financial arm of the Common Market for Eastern & Southern Africa (COMESA). The PTA Bank is co-financing the Habesha project by... Type: Article Category: Financial Brazil: Eldorado invests in second phase of expansion 10 December 2013 content you tried to access is only available to paid subscribers.","link":"1"}]Eldorado Celulose Brazil began the financial restructuring to raise R$ 7.5 billion that will be invested in the second phase of expansion of the company, located in Tr├¬s... Type: Article Category: South America Swedish institutions acquire Kinnevik's ownership in BillerudKorsn├ñs 10 December 2013 AMF, the Fourth Swedish National Pension Fund's (AP4) and Alecta. The remaining shares were acquired by a small number of financial institutions, mainly four larger Swedish equity funds, according to globenowewire.com. The integration of Korsn├ñs and... Type: Article Category: Europe & Central Asia Russia: Pitkarantsky pulp mill does not receive investment 09 December 2013 that they do not want to pay, or cannot. The company can currently operate stably due to the fact that the procedure is financial recovery, and moreover, the market┬áprice of the kind of cellulose produces by the mill grew by 27%", - said Alexander... Type: Article Category: Europe & Central Asia India cement demand growing 08 December 2013 demand due to a good monsoon, gradual pick up in Government infrastructure spends and low base of the past year," the financial services firm said. Copyright CW Group. All rights reserved. Unauthorized distribution expressly prohibited. ┬á Type: Article Category: Markets & Competition KHD Board recommends shareholders to accept takeover bid 06 December 2013 of the offer on October 10, 2013. Furthermore, possible consequences of the takeover on the business, income and financial position of KHD were thoroughly examined by the Management Board and Supervisory Board. Additionally, the analysis did not reveal... 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