Trinidad Cement Limited (TCL), who was recently approved to remove a 20 percent restriction on shareholding, has signed a subscription agreement with Sierra Trading, an affiliate of Cemex, reported the Trinidad Guardian. Under the agreement, Sierra will participate in TCL’s upcoming rights issue and has committed to additional capital via an agreement to underwrite the raising of capital up to…
Read MoreDay: February 18, 2015
Lafarge: Cement Volumes Up 4 Percent For 2014
Lafarge’s consolidated sales were up 3 percent for the full year 2014 on a comparable basis, with the combination of higher volumes and increased prices across all of its product lines to address cost inflation. The negative trend of the impact of exchange rates in the first three quarters of 2014 reversed in Q4 as sales were positively impacted by…
Read MoreMcInnis Cement, CQDE Create Environmental Subcommittee
McInnis Cement announced an agreement was reached with Centre Québécois du Droit de l’Environnement (CQDE) in regards to the proceedings filed last August against the Environment Minister, aimed at invalidating McInnis Cement’s authorization certificate for the cement plant project in Port-Daniel-Gascons, Quebec. The CQDE has withdrawn from this legal action, instead agreeing to alternative measures with McInnis Cement, which includes…
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