North / South America
Holcim facing restructure with new CEO
Apr, 11 2012
Bernard Fontana, Holcim Ltd. (HOLN)’s new chief executive officer, will have to restructure the cement maker’s business in Europe where additional plants will have to be closed, cut costs, and expand the company’s business in emerging markets, SonntagsZeitung said, citing criteria set for him by the board of directors.
Details of Fontana’s plans will be presented on April 17 at the company’s shareholder meeting, the newspaper said.
SonntagsZeitung is Switzerland's Sunday newpaper with a readership of 744,000.
The message that a scientific approach should trump the all-out wildcatting of the fading shale boom is echoing through more corridors of the energy industry. But oil producers may not want to hear it, reports Fuelfix.com. More
Nigeria's Dangote Cement said yesterday its 2014 pretax profit fell to 184.68 billion naira ($928 million), from 190.76 billion naira a year earlier. More