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With America’s infrastructure crumbling and the economy still struggling to recover from its nosedive, a game of passing the buck has begun. The federal government has no money to foot the enormous bill of rebuilding and expanding roads, bridges, water and waste treatments systems, etc. Just recently a group of senators has drafted a bill that [...] Lafarge says they will double their commitment in India over the next five years. Bruno Lafont, Chairman and Global CEO says that Lafarge primarily intends to expand organically through greenfield plant construction, but that they will not rule out acquisitions if the opportunities present themselves. Lafarge expects a consolidation in the Indian cement market in the [...] The Financial Times reports today that the major cement manufacturers expect cement demand in Europe and The US to be 30% and 44% (respectively) lower than in 2007. A squeeze on infrastructure projects, thanks to exploding government debts and tightening of spending is primarily to blame, they said. The major producers are clearly focused on developing markets [...] CEMEX announced on Tuesday that it had made significant progress in restructuring of its debt. It has managed to move the maturities of about 14.5 billion in dept out from the 2009-2011 time frame out to 2014. The move helps substantially secure the company’s short term financial stability. Texas Industries is under [...] Notwithstanding the excellent speech by Ed Sullivan at the IEEE Conference we reported on, the Washington Post today reports that job losses slowed dramatically in May, and were far smaller than analysts predictions, fueling hopes that economic recovery is near. While the hoped for bottom in housing has yet to be seen, more promising signs seem to be [...] |
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