Cement News tagged under: LafargeHolcim
Raysut Cement plans to acquire 75% stake in LafargeHolcim Maldives03 February 2020, Published under Cement NewsOman’s Raysut Cement Co has reportedly begun discussions to acquire a 75 per cent stake in LafargeHolcim Maldives. The board has approved the move in principle and the company is in talks to acquire the stake from Switzerland-based Cementia AG. |
Cement prices may rise steeply with decarbonisation29 January 2020, Published under Cement NewsRedburn Research House has downgraded HeidelbergCement and LafargeHolcim having assessed that cement producers will be faced with escalating production costs when having to decarbonise in the middle of the decade. The European Union’s Emissions Trading Scheme (ETS) is predicted by Redburn to initially benefit European cement manufacturers by encouraging production discipline and industry consolidation in the region. As ETS becomes stricter and a border tax on carbon is introduced for produc... |
Building Iraq’s road to prosperity07 January 2020, Published under Cement NewsWith post-war reconstruction continuing in Iraq, the cement and concrete industries play a key role. ICR speaks with Khaled El Dokani, Lafarge Iraq’s country CEO, about solid indications of market growth, the company’s contribution to the development of the local cement industry and challenges faced in building Iraq’s road to prosperity. Khaled El Dokani, CEO of Lafarge Iraq ICR: Can you provide a brief overview of the cement sector in Iraq: what does the industry landscape loo... |
Carbon capture project to operate at LafargeHolcim's Florence plant07 January 2020, Published under Cement NewsSvante Inc, LafargeHolcim, Oxy Low Carbon Ventures (OLCV – a wholly-owned subsidiary of Occidental) and Total have formed a joint study to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement plant in Florence, Colorado, USA. The study will evaluate the cost of the facility designed to capture up to 725,000tpa of CO 2 directly from the LafargeHolcim cement plant, which would be sequestered underground permanently by Occidental. “OLC... |
LafargeHolcim obtains SBTi validation for its CO2 reduction targets20 December 2019, Published under Cement NewsThe Science-Based Targets initiative (SBTi) has validated LafargeHolcim's targets to reduce its global carbon emissions. According to SBTi, LafargeHolcim’s targets are adequate and consistent with the global effort to keep temperatures below the '2°C' threshold as agreed at the COP21 world climate conference in Paris. The SBTi has approved LafargeHolcim’s commitment to reduce scope 1 GHG emissions by 10 per cent per tonne of cementitious materials by 2030 from a 2018 base year. LafargeHol... |
Closing in on Canada’s carbon02 December 2019, Published under Cement NewsCanada has a well-established cement market and is home to several leading multinationals who dominate the sector. The main concerns of the industry are becoming more focussed on stricter environmental compliance with CO 2 taxes being implemented and more efficient grinding to improve plant performance. Canadian cement consumption is forecast to reach 9.4Mt in 2019 and is particularly high in metropolitan areas such as Edmonton, Alberta The recent Canadian elections on 21 Oc... |
LafargeHolcim plans EUR10m investment in Kujawy27 November 2019, Published under Cement NewsLafargeHolcim will be investing EUR10m in its Kujawy cement plant in Poland. The company will be launched a new product on the market as well as increase the use of alternative fuels (AFs) at the works. At present Cementownia Kujawy’s AF rate is between 80-85 per cent, or around 190,000t, but Lafarge plans to increase this to 90 per cent by 2021. To date Lafarge has invested around EUR100m in the Kujawy cement works, which produces approximately 2Mta of cement. |
Construction on Holcim Hagerstown solar project expected to begin before end 201907 November 2019, Published under Cement NewsConstruction on the 10MW solar project for LafargeHolcim-owned Holcim US Inc’s Hagerstown plant could commence before the end of the year, according to a project official. The Washington County Planning Commission approved the site plan, giving staff the authority to grant final approval once the last agency review is obtained. Pending final permit approvals, work is expected to start before the end of the year, according to Tom Dodson, CEO of i1Energy, the project’s general contractor. ... |
No large acquisitions for LafargeHolcim29 October 2019, Published under Cement NewsLafargeHolcim does not expect to be bidding for BASF’s construction chemicals business, according to CEO, Jan Jenisch. Following the divestment of some of its businesses and using the proceeds to pay down debt, the cement producer is more likely to look at smaller transactions and investment in its existing operations, Mr Jenisch said. "It's not like we have a couple of billions we want to throw at anyone. We are quite happy to have this new solid balance sheet, and have no plans to go ba... |
Votorantim28 October 2019, Published under Cement NewsVotorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ... |