Cement News tagged under: Lafarge
Lafarge sees higher pricing in 201204 May 2012, Published under Cement NewsLafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amortisation in the three months to 31 March rose 8% to €516m (US$678.67m), while sales increased 5% to €3... |
USA: Lafarge Bath plant applies to burn railroad ties and shingles04 May 2012, Published under Cement NewsThree years after backing off on a plan to burn tyres at its cement plant in Bath, Lafarge is applying to introduce railway ties and asphalt shingles into its kiln. The “low-carbon fuel demonstration project” would run for three years and incinerate up to 75t of construction and demolition debris each day. The application for compliance approval, written by the consulting firm Golder Associates, says that “the emissions from the Bath plant cement kiln are not expected to be significantly c... |
Lafarge03 May 2012, Published under Cement NewsLafarge Jordan saw turnover decline by 12% lost year to JOD134m (€144m), producing a loss of JOD20m (€21.5m) as production at the two works fell to its lowest lever for eleven years. High fuel and electricity costs led to ceasing exports to Syria, Iraq and the Sudan last year. The company is seeking government permission to burn coal, like its competitor is doing. Lafarge Zimbabwe is to invest US$4.5m in 2012 to improve operating efficiencies. First quarter volumes increased by 31% and t... |
Breedon targets acquisitions from Lafarge and Anglo-American UK sales02 May 2012, Published under Cement NewsBreedon Aggregates is eyeing the quarry assets of Lafarge and Anglo American PLC that need to be sold for their British joint venture to succeed. The aggregate company is likely to bid on the quarries up for sale after the Competition Commission ruled yesterday that a merger between Lafarge and Anglo American’s UK subsidiary, Tarmac, could go ahead only after substantial disposals. This means that the Hope Cement works, in Derbyshire, and a host of quarries, ready-mixed concrete and asp... |
Commission demands Lafarge/Anglo asset sale, UK01 May 2012, Published under Cement NewsThe UK’s Competition Commission (CC) has said Anglo American PLC and Lafarge must sell a significant portfolio of operations before their proposed construction materials joint venture can go ahead. A nglo American, through its UK subsidiary Tarmac, and Lafarge are both global firms that supply construction materials in the UK. The parties proposed to establish a 50:50 joint venture, to which each of them would contribute the bulk of their construction materials businesses in the UK. ... |
Lafarge to set up two cement plants in Algeria – report30 April 2012, Published under Cement NewsLafarge will build two cement plants in Algeria in partnership with local private group Sagremac. Thanks to the two projects, the French company will be able to boost its positions on the Algerian market. The first cement plant will be built in Biskra, in the south-eastern part of Algeria, for US$400m, while the second unit will be located near Constantine, in eastern Algeria. The investment in the second facility is also US$400m. Abstracted from an original article in La Tribune. |
Kenya: NSSF faces off with Lafarge over board seat at Bamburi24 April 2012, Published under Cement NewsNational Social Security Fund (NSSF) is set to open a fresh fight with French conglomerate Lafarge over the control of Bamburi Cement as it demands a seat on the cement maker’s board it lost last year. The cement firm – which is owned 58.4% by Lafarge – dropped NSSF representative Alex Kazongo from its board in March, citing his failure to attend successive meetings. Now, the fund has written to Bamburi Cement seeking a position in the board, but it says the company has told it to present ... |
Lafarge appoints President and CEOs for Canadian operations09 April 2012, Published under Cement NewsRené Thibault and Bob Cartmel have been appointed by the Lafarge Group as its senior leaders for all markets and product lines in Canada. Mr. Thibault will oversee the four western provinces and three territories as well as the Pacific Northwest and Dakotas in the US. M. Cartmel will oversee the six eastern provinces. Mr Thibault has over 20 years of experience with Lafarge spanning Canada and including an assignment at Group headquarters in Paris, France. He has an Engineering degree from... |
HSBC lifts Lafarge price target, upgrades Heidelberg02 April 2012, Published under Cement NewsHSBC has lifted the share price target of Lafarge to EUR 37 from EUR 27 and reiterated its "neutral" recommendation. The broker considers that the construction sector is recovering from the consequences of the economic crisis. At the same time, HSBC upgraded HeidelbergCement AG to "overweight" from "neutral", as it sees the company to keep performing well. (Source: SeeNews France) |
Romanian market advances29 March 2012, Published under Cement NewsLafarge Romania expects the domestic market to grow by 2-5 per cent this year mainly on the back of infrastructure works. The company sees revenues this year achieving 2011 levels or higher, financial daily Ziarul Financiar said, quoting Lafarge Romania head Sonia Artinian. “Last year the volume of deliveries increased but we cut prices, impacting revenues which decreased,” Artinian said. In 2011 Lafarge's like-for-like cement sales in Romania rose by 3.7%, driven by non-residential and i... |