Czech Leo Express plans EUR 21.7mn bond issue to fund fleet expansion

By bne IntelliNews November 26, 2012
Cement producer Lafarge Cement expects cement consumption next year to stagnate in the best scenario but will most likely fall by several percents on an annual basis, CTK news agency reported citing the company's CEO Ivan Mares. The fall is mainly due to contracting construction sector. According to data from the Czech Association of Cement Producers, cement production in the country in the first half of 2012 shrank by 10% on the year to 1.5mn tonnes. The sector was negatively influenced by the suspension of major infrastructure projects, according to Jan Hrozek, board chairman of cement producer Ceskomoravsky cement. Cement sales on the domestic market fell by 8% y/y to 1.3mn tonnes and exports were 15% lower than in the same period of 2011 hurt by weaker demand mainly in Poland and Slovakia. The outlook for this year remains downbeat with production seen by between 6% to 8% lower than in 2011, when it grew by 15% y/y.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Czech CSSD proposes 2014 general and European elections to be held together.

Social Democrats (CDDS), the major Czech opposition party, proposed next year's general and European elections to be held on the same day, CTK news agency reported. CSSD leader Bohuslav Sobotka ... more

Tesco Czech faces fine for selling products containing undeclared horsemeat

The Czech unit of UK retailer Tesco faces a fine of up to CZK 3mn (EUR 116,000) for selling beef lasagne containing undeclared horsemeat, Radio Prague reported. The state-run Agricultural and Food ... more

Czech Senate votes to limit immunity of lawmakers, judges.

The upper house of the Czech parliament, the Senate, voted on March 20 a constitutional amendment to limit the immunity of lawmakers and constitutional judges, Radio Prague reported. Out of the ... more

Follow Us On

Most Read

  1. Iran vs Israel: Who is better equipped for war?
    6 days ago
  2. Saudi Arabia to scale back plans for Neom city
    10 days ago
  3. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    5 months ago
  4. BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
    6 days ago
  5. Russia’s war economy boosted by rising oil prices
    4 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    20 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    25 days ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. UBN: Russia could take the Baltic states in 48 hours
    30 days ago
  5. BRICS announce a blockchain-based payment system to create a common currency
    23 days ago

Reports

Dismiss