For those that work in construction, working with cement is part of the daily job. This is arguably the most commonly used building material in the world as the combination of cement, water and gravel creates a strong, durable and affordable building material. It is important to be aware of the dangers of working with…
All posts tagged Cement
Holcim sells business in Brazil for $1.025bn
PARIS, FRANCE: Holcim Ltd has signed an agreement with CSN (Companhia Siderúrgica Nacional) as it sells business in Brazil for an enterprise value of USD 1.025 billion, a news release said. This divestment includes Holcim’s five integrated cement plants, four grinding stations, six aggregates sites and 19 ready-mix concrete facilities. Holcim sells business to strengthen…
Cement: 2Q Preview & Outlook
We expect our cement sample to post 2x jump in quarterly earnings on a sequential basis. We base our forecast on double-digit growth in local offtake, higher retention prices and operational efficiency steps undertaken by manufacturers. Net revenue to grow 17% on higher volumes: Based on 11% jump in volumetric sales, total revenue of our…