Europe / Middle East / Africa
Holcim dividend cut after Q4 loss
Mar, 01 2012
(Zurich, Switzerland) -- Holcim, the world's second-largest cement maker, slashed its dividend by a third after it posted a net loss in the fourth quarter due to slumping demand for construction materials and restructuring at a South African business.
The Swiss cement maker reported a fourth-quarter net loss of 438 million Swiss francs (US$488mil), largely due to an already announced 775 million Swiss franc charge. Analysts polled by Reuters had expected a net loss of 521 million francs.
KHD Humboldt Wedag International AG’s US-based office, Humboldt Wedag, Inc., is executing two orders with Lafarge North America Inc. and Lafarge Canada Inc. (Lafarge) for engineering, delivery of equipment, and site services of new clinker production lines at the Exshaw and Ravena plants. More
US-based Vulcan Materials Company has announced that the sale of its cement and concrete operations in Florida to Cementos Argos is now complete. More