Votorantim Cimentos Postpones IPO

Votorantim Cimentos, Brazil’s largest cement producer, suspended a multi-billion-dollar offering until Sept. 11 because of unfavorable market conditions. The IPO, which was scheduled for June 19, would have been the world’s second-largest this year, and was seen as a key test of investors’ perceptions of Brazil and the broader emerging markets.

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TXI Names New Chairman of the Board

Texas Industries (TXI) announced that its board of directors named Tom Ransdell as its chairman of the board effective June 18. Ransdell has been an independent director of TXI since 2005 and has years of experience in the construction materials industry. Ransdell fills the position of chairman created by the untimely death of Bob Rogers on June 11.

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Cemex to Expand Texas Plant

Cemex, S.A.B. de C.V. plans to expand the production capacity at its Odessa, Texas, cement plant by 345,000 metric tons (t) to nearly 900,000 tpy in order to keep pace with rapidly growing demand in its West Texas market led mainly by the oil and gas industry. By leveraging existing assets and producing value-added products, the company expects to achieve…

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