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Lafarge not to proceed with US$765.8m Indian deal, Birla says

Lafarge's Indian unit has scrapped an agreement to sell two of its cement units to Birla Corp, the latter  said in an exchange filing. On Tuesday Birla Corp said in a notice to the Bombay Stock...
News - 03 February 2016

CRH

CRH raised some EUR960m from disposals during 2015, of which the disposal of the British and American clay operations accounted for EUR430m. The next biggest divestment was the sale of a 25 per ce...
Corporate - 02 February 2016

LafargeHolcim

LafargeHolcim is considering the possible sale of the 97.1 per cent-owned South Korean subsidiary Lafarge Halla Cement to a consortium consisting of Glenwood Private Equity, Eugene Group and Sungs...
Corporate - 02 February 2016

China: Huaxin issues profit warning

Huaxin Cement, LafargeHolcim’s subsidiary in China, has warned that it expects 2015 net profit to fall 90-95 per cent YoY due to weak domestic demand, intense competition and a sharp fall in cemen...
News - 02 February 2016

Cemengal announces start up of Zambian grinding installation

Cemengal has completed the installation of a Plug&Grind® unit in Zambia for LafargeHolcim. The inauguration ceremony was undertaken in the presence of Ministry of Labor, accompanied by the manager...
News - 02 February 2016

India: Birla Corp reportedly front-runner for Reliance assets

Birla Corp Ltd is set to buy the cement assets of Reliance Infrastructure Ltd with the deal set to be sealed within the next few days, according to local media reports. “It will be signed formall...
News - 01 February 2016

Lucky Cement not to proceed with court challenge

Lucky Cement has decided to drop its South African court challenge regarding the imposition of anti-dumping duties by the International Trade Administration Commission (Itac) on Portland cement im...
News - 01 February 2016

Lafarge Zambia boosts Ndola plant by 100,000tpa

Lafarge Zambia has successfully commissioned a plug-and-grind cement plant in Ndola which will produce 0.1Mta of cement, bringing the plant’s total capacity to 500,000tpa. Speaking at the event ...
News - 29 January 2016

Dangote Cement

Dangote Cement has reaffirmed its commitment to invest in a new cement works in Zimbabwe. Work on the planned 1.5Mta integrated plant will reportedly begin this year at a cost of around US$400m. T...
Corporate - 26 January 2016

PPC

PPC, along with AfriSam, Lafarge and NPC Cimpor, has been instrumental in imposing new duties on cement imports arriving in South Africa that originate in Pakistan. A final ruling by the Inter...
Corporate - 26 January 2016