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Lafarge WAPCO's debt reduction plans

Lafarge WAPCO plans to pay off a NGN6bn (US$40m) in local debt this year, according to reports by Reuters.   The company owes about NGN28.4bn (US$180.43m) in total loans, of which NGN6bn is from N...
News - 17 May 2013

Eagle Materials boosts cement and plasterboard volumes

Including its share of the jointly-owned Texas Lehigh Cement, the turnover of Eagle Materials for the financial year to the end of March rose by 27.1 per cent to US$738.9m, including the assets ac...
News - 16 May 2013

Lafarge raises EUR200m to accelerate its development in India

Lafarge SA signed an agreement to raise €200m through capital increase subscribed by Baring Private Equity Asia, and representing a 14 per cent minority stake in its Indian subsidiary, Lafarge Ind...
News - 15 May 2013

Oficemen names new president, Spain

Isidoro Miranda, CEO of Lafarge Spain, has been appointed president of Spanish cement association, Oficemen. Mr Miranda replaces José Luis Sáenz de Miera of Cementos Portland Valderrivas, who w...
News - 15 May 2013

Cement at the heart of Europe

A recent study by the Boston Consulting Group for CEMBUREAU claims that the cement industry has a key role to play in helping Europe achieve its goals of developing a sustainable, resource efficie...
Articles - 13 May 2013

Thatta Cement signs joint venture agreement with Cementia

Pakistan cement producer Thatta Cement has signed a joint venture agreement with Cementia Holding for a new grinding plant in Sri Lanka. Cementia, based in Switzerland, is part of the Lafarge g...
News - 10 May 2013

Himachal Pradesh gives Reliance Cement green light for new cement works

The Himachal Pradesh government has given Reliance Cement the green light to set up a new cement plant in the north Indian state. It has also served notices to four cement plants for failing to s...
News - 09 May 2013

Lafarge Wapco pretax profit rises over 20%, Nigeria

Lafarge Wapco's first-quarter pretax profit rose by 20.64 per cent YoY to NGN7.19bn (US$45.5m), compared to NGN5.96bn in the same period of last year. Revenues rose to NGN23.32bn compared to NG...
News - 08 May 2013

Lafarge sales down on 1Q weather effect, confirms 2013 goals

Lafarge reported a six per cent decline in sales in the three months to the end of March as it was impacted by harsh winter weather conditions and production issues in Algeria and Egypt. However, ...
News - 07 May 2013

Algeria: Gica launches 1.5Mt import tender

Algerian cement company Gica launched a tender for the importation of 1.5Mta of cement with the first delivery of 0.95Mt due early July. The imports are expected to alleviate the cement shortag...
News - 07 May 2013