Cement News tagged under: LafargeHolcim
Lafarge Africa narrows loss to NGN8.8bn in 201821 June 2019, Published under Cement NewsLafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge will sell its entire stock of issued share capital in Lafarge South Afria Holding Ltd to Caricement ... |
Holcim invests US$1m in solid waste processing in El Salvador14 June 2019, Published under Cement NewsLafargeHolcim and its Geocycle brand have plans to invest more than US$1m in new waste processing equipment in El Salvador. The new equipment will be used to treat solid waste to supply alternative fuel for its cement production in the country. Geocycle processes around 0.7m used tyres in 2018, bringing the company’s waste tyre use to 6m tyres since 2001, according to Jaime Recinos, director for corporate affairs and sustainable development at Holcim. It also processed 20,000t of waste... |
Cementos Esfera moves to Madrid07 June 2019, Published under Cement NewsSpain’s Cementos Esfera (LafargeHolcim) has relocated its base of operations from Salou, Catalonia, to Madrid. LafargeHolcim has decided to convert the Salou unit into a distribution centre that will serve the group’s facilities in Montcada and Sagunto. The news follows its parent company also moving to the capital at the beginning of 2018. Cementos Esfera stopped its 0.5Mta cement milling operations in 2013 following a 75 per cent drop in sales across the sector, according to Cronica Global. |
LafargeHolcim’s Oggaz plant receives ISO 1400103 June 2019, Published under Cement NewsThe first cement plant in Algeria, LafargeHolcim’s cement plant in Oggaz has received the ISO 14001 (2015) environmental safety certificate. "Sustainable development, environmental protection, and the health and safety of our employees and stakeholders are part of the LafargeHolcim Group's DNA and are fully included in all our development plans. Our responsibility is to translate these priorities into realisations, as this certification, which highlights our ambition and environmental perf... |
Lafarge Malaysia reduces net loss in 1Q1930 May 2019, Published under Cement NewsLafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ... |
Cement needs collaborative approach to environmental challenges20 May 2019, Published under Cement NewsThis week, HeidelbergCement reported that it was the first cement producer to have its CO 2 reduction targets validated to 2030 , while the Low Emissions Intensity Lime And Cement (LEILAC) pilot plant began test operations at the company's Lixhe cement works in Belgium. This landmark project, which aims to capture 95 per cent of CO 2 emissions from the kiln, is an example of the kind of collaborative industry partnerships that will be critical for the cement industry, if it is to successf... |
LafargeHolcim reports net sales growth of 6% in 1Q1915 May 2019, Published under Cement NewsLafargeHolcim reported strong growth in net sales for 1Q19, rising 6.4 per cent and an over-proportional increase in recurring EBITDA, up 20.6 per cent. Group net sales of cement for 1Q19 amounted to CHF4079m up from CHF3995m in 1Q18, advancing by 2.1 per cent. Aggregate net sales climbed to CHF813m, up from CHF764m, an increase of 6.4 per cent on 1Q18. The group's ready-mix net sales in 1Q19 totalled CHF1223m, up 3.6 per cent from CHF1181m in 1Q18. The Solutions and Products sector recor... |
LafargeHolcim releases its 2018 Sustainability Report15 May 2019, Published under Cement NewsLafargeHolcim has released its Sustainability Report 2018, which outlines the economic, environmental and social performance of the company and presents its objectives for the strategic pillars of climate and energy, circular economy, environment and community. In 2018 LafargeHolcim’s net CO 2 emissions per tonne of cementitious material decreased to 576kg CO 2 /t, a one per cent reduction from 2017 and equal to a 25 per cent reduction compared with 1990 emissions. The improvement was achi... |
Lafarge Zimbabwe invests US$25m to improve utilisation13 May 2019, Published under Cement NewsLafargeHolcim group has unveiled a US$25m investment programme to increase utilisation at its subsidiary Lafarge Cement Zimbabwe. However, Lafarge Cement Zimbabwe said the holding group has called on the government to stabilise the availability of electricity and resolve foreign currency issues as these are key determinants to its expansion drive. Milajan Gutovic, LafargeHolcim regional head of the Middle East and Africa group executive committee, said during a meeting with President o... |
LafargeHolcim signs agreement to sell Philippine operations10 May 2019, Published under Cement NewsLafargeHolcim has signed an agreement with San Miguel Corp for the sale of its 85.7 per cent share in Holcim Philippines for an enterprise value of US$2.15bn. The deal is expected to close in the 4Q19 and is subject to regulatory approval, according to a press release. The proceeds of this transaction will allow the company to improve its debt ratio by approximately 0.3 times. Following the divestment of its operations in Indonesia, Malaysia, Singapore and the Philippines, it has exited the... |