Votorantim Cimentos Files for $5.4 Billion IPO

Brazil’s largest cement producer, Votorantim Cimentos S.A., filed a $5.4 billion maximum proposed initial public offering with the U.S. Securities and Exchange Commission (SEC) on April 17. The company plans to dual list on the NYSE and São Paulo Stock Exchange to raise funds to finance expansion, portfolio diversification and reduce debt. A request was filed with the Brazilian Securities Commission (CVM) on April 9.

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Cemex Releases Sustainability Report

Cemex, S.A.B. de C.V. presented its 2012 Sustainable Development Report last month. Among other highlights, the company reported that its different self-construction initiatives, including Patrimonio Hoy, ConstruApoyo and Productive Centers of Self-Employment, benefited more than 2 million people since the programs started. The report summarizes the company’s role in “Building the Cities of the Future.”

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Terver, Ruiz gain expanded roles in Holcim Ltd., U.S. operations

Waltham, Mass.-based Holcim (US) Inc. President and CEO Bernard Terver has joined the executive committee of Swiss parent, Holcim Ltd., and will assume responsibility for a new Group region encompassing the U.S. and Canadian namesake plus Aggregate Industries (US) and (UK) businesses. The appointment coincides with “Holcim Leadership Journey,” an initiative to streamline and strengthen Holcim Ltd. global operations.

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Cement consumption forecast adjusted favorably for second time in 2012

With the first half of 2012 experiencing favorable weather conditions, gains in residential and nonresidential construction activity and robust gains in cement intensities, the new PCA forecast nearly doubles the expected increase in cement consumption for the year. The association's revised its spring forecast upward, anticipating a 6.9 percent increase in 2012 from 2011 levels (and up from a May forecast of 3.7 percent), followed by a 5.8 percent jump in 2013, and a double-digit increase of 10.9 percent in 2014.

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