UPDATE 1-Holcim bracing itself for tough 2009
* Trading conditions in U.S., Spain, E. Europe difficult
* Presence in emerging markets slowing EBITDA decline
* Gross proceeds from capital hike 2.1 bln Swiss francs
(Adds detail)
ZURICH, July 8 (Reuters) - Holcim (HOLN.VX), the world's second largest cement maker, said demand remained weak in the United States, Spain and Eastern Europe but its presence in emerging markets was helping to slow a decline in EBITDA.
"Up to May there was no reversal of the underlying economic trend visible. Accordingly, the trading activity remained restrained," Holcim said in a statement on Wednesday.
"On the other hand, in Asia -- e.g. in India -- and in Latin America Holcim sees a quite satisfactory trading acitivity."
Holcim, which competes with French Lafarge (LAFP.PA), Mexican Cemex (CX.N), and German HeidelbergCement (HEIG.DE), also said the gross proceeds from its capital hike would be 2.1 billion Swiss francs ($1.9 billion) and the subscription price was 42 francs per share.
The subscription ratio is 11:2 and 50.3 million new registered shares are being issued in the capital hike, announced last month.
Holcim is tapping shareholders for fresh funds to buy the Australian business of debt-laden Mexican rival Cemex. (Reporting by Katie Reid; Editing by Dan Lalor) ($1 = 1.086 Swiss francs)
