Latest News


Keyword Search

RegionB

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.

Source:

Bookmark and Share
Comments
0 Comment(s)
Add Your Comments


Weyerhaeuser railroad expansion to speed sand train loading

Source Energy Services is constructing a new rail siding east of its frac sand drying and loading site in Weyerhaeuser, Wisconsin. More

Rogers Group files application for 524-acre site

Rogers Group has filed and application for 524-acre site a mile north of Americus, Indiana. More

Advertise Here