Master Thesis Department of Business Studies MSc in Finance & International Business Valuation of Holcim Ltd A Building Materials Industry Based Company Author: Christian Ryf Exam #: 402749 Advisor: Baran Siyahhan‚ Associate Professor‚ PhD Place‚ Date: Aarhus‚ July 2011 Abstract What is the fair value of Holcim Ltd‚ a Swiss based building materials company? This is the central question of the following paper. Before the valuation will be performed‚ one
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Cement Sector Analysis Report [Key Points | Financial Year ’13 | Prospects | Sector Do ’s and Dont ’s] The Indian cement industry is the 2nd largest market after China accounting for about 8% of the total global production. It had a total capacity of about 347 m tonnes (MT) as of financial year ended 2012-13. Cement is a cyclical commodity with a high correlation with GDP. The housing sector is the biggest demand driver of cement‚ accounting for about 67% of the total consumption
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Cemex Key points summary | |Cemex was originally founded in 1906 as Cementos Hidalgo and became Cemex (Cementos Mexicanos) after a merger | |Case Summary |with Cementos Portland Monterrey in 1931. Throughout the 1960’s‚ 70’s‚ and 80’s‚ Cemex expanded throughout | | |Mexico to gain a 65% share of the domestic market by the end of the 1980’s. Under the leadership of CEO Lorenzo | |
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I acknowledge‚ with heartfelt gratitude‚ the whole-hearted support of Mr. Bhaskar Sharma(Regional Manager‚ OUTLOOK Group) for his kind motivation and guidance to design‚ undertake and accomplish the study and the project. I would also like to thank OUTLOOK Group for the training program and for the knowledge which I’ve gained during the session. My obligation to Mr. Prince Vohra(Project Mentor‚ Lovely Professional University) and Mr. Madhusudan Meher (Project Mentor‚ Outlook Group)and other faculty
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By 1999 the cement industry had emerged six major international competitors: Holderbank‚ Lafarge‚ CEMEX‚ Heidelberger‚ Italcementi‚ and Blue Circle. These six majors owned 500 million tons of capacity‚ representing slightly over one-quarter of the world total‚ or over one-third of the total excluding China.
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1. What benefits have CEMEX and the other global competitors in cement derived from globalization? Globalization has given many benefits to CEMEX and its competitors. First of all‚ it reduced the tariffs of product exportation by acquiring local plants and facilities instead. By doing so‚ these cement companies could control the localized quarries‚ which give them the proximity to the raw material needed for cement production. No need to ship the goods across the border‚ therefore no tariffs on
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CEMEX What benefits have CEMEX and the other global competitors in cement derived from globalization? More broadly‚ how can cross-border activities add value in an industry as apparently localized as cement? There have been several benefits for CEMEX and its global competitors derived from globalization: (strategic group‚ part of the big six competitiors) International trade offered opportunities to arbitrage price differentials. Import from low cost countries and sell to 3rd parties to
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Locked In: An Analysis of the Environment in “The Cage” The wire of the fence bounds the man within its clutches. Escape seems to be in sight‚ but is lost when he seems to have reached it. “The Cage” by Heinrich Boll is a short story about a man who is closed in by the boundaries of metal wire as a prisoner‚ looking for relief. The man ends up getting a miserable fate. In Heinrich Boll’s “The Cage‚” the author signifies how a person can change due to miserable environmental conditions and loss
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Please read the ‘Critical Thinking and Discussion Questions’ on page 269 and answer the questions No.2 and 3. No2. Compare and contrast these explanations of FDI: internalization theory‚ Vernon’s product life-cycle theory‚ and Knickerbocker’s theory of FDI. Which theory do you think offers the best explanations of the historical pattern of FDI? Why? Although Knickerbocker’s theory and its extensions can help to explain imitative FDI behavior by firms in oligopolistic industries‚ it does not
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University Of Wales & Management Development Institute of Singapore) MBWD5 0922A Subject : Corporate Strategy (Assignment 1) Lecturer : Dr Keith Ng Course : Master of Business Administration ASSIGNMENT COVER SHEET |No. |NAME OF MEMBER |FIN No. |SIGNATURE | |1 |SHUBHAV GUPTA |G0874179X | | Submitted on Due Date? YES (Date
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