Cemex launches new corporate website

CEMEX, S.A.B. de C.V., of Monterrey, Mexico, announced in mid-February the launch of its newly  redesigned corporate website: www.cemex.com, which incorporates state-of-the-art web technology, and most importantly, aims to significantly improve the user experience of the many Cemex stakeholders visiting the site. The new site features new content and enhanced use of multimedia applications such as videos, photos, and interactive maps.

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Judge rules Lafarge barge did not cause Katrina flooding

A story reported on InsuranceJournal.com said that a federal judge ruled that a barge that landed on top of several homes in the Lower 9th Ward in New Orleans did not cause the floodwall to break during Hurricane Katrina. U.S. District Judge Stanwood Duval Jr. of New Orleans exonerated Lafarge North America Inc. of negligence for a series of decisions made before and during the 2005 hurricane. Some residents claimed the barge caused two breaches in the eastern floodwall along the Inner Harbor Navigation Canal.

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Buzzi sees 2010 core profit missing forecasts

Mulan, Italy-based cement group Buzzi Unicem SpA predicted a deeper-than-expected fall in 2010 core profit on Tuesday, but said signs of improvement could continue in 2011. Italy's No. 2 cement producer said it saw 2010 recurring earnings before (EBITDA) of around US $546 million. 2010 revenues fell 0.9%, broadly in line with expectations. Buzzi operates in Italy, central and eastern Europe, the United States and Mexico.

Cemex EXPERIENCES slight 4th-quarter upturn, 2010 downturn

Mexico's Cemex, S.A.B. de C.V., announced that consolidated net sales increased 1% in the fourth quarter of 2010 to US$3.5 billion and decreased 3% for the full year to US$14.1 billion, versus the comparable periods in 2009. Operating EBITDA increased 2% in the fourth quarter of 2010 to US$482 million and decreased 13% for the full year to US$2.3 billion.

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