Cement News tagged under: Holcim Lanka Ltd

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Siam City Cement to acquire Holcim Lanka

25 July 2016, Published under Cement News

Siam City Cement (SCC) has signed a deal to buy Sri Lankan cement company Holcim Lanka Ltd for US$400m. The acquisition will turn SCC into the market leader in Sri Lanka. SCC is anticipating that the acquisition of the 98.95 per cent stake in Holcim Lanka will be completed within two weeks of the date of agreement, while LafargeHolcim have said the transaction will be completed in 3Q16. SCC will use credit facilities from Bank of Tokyo-Mitsubishi UFJ to fund the purchase. This latest ...

UAE firm bids for Holcim Lanka Ltd

12 July 2016, Published under Cement News

Dubai-based Onyx Group owned by Sri Lankan businessman, Nandana Lokuwithana, is said to have joined bidders in the process to buy Holcim Lanka Ltd, according to Business Standard. There are six leading bidders for the Sri Lankan cement producer from China, the UAE, Indonesia, Thailand and Sri Lanka. Binding bids have been received from several companies with final negotiations to be concluded shortly. Business Standard cites that Lokuwithana, who is also the owner of Ceylon Heavy Indus...

Sri Lanka: LafargeHolcim to exit market

03 June 2016, Published under Cement News

LafargeHolcim is to sell its operations in Sri Lanka - a bagging plant, a grinding plant and the island's only integrated facility - as part of its wider divestment strategy, EconomyNext reports. At least three local firms are though to be interested in bidding for Holcim Lanka, which generated 1.7Mt of sales in 2015 with revenues of LKR23.4bn (US$158m).

Sri Lanka: Holcim Lanka inaugurates new transport model

11 May 2016, Published under Cement News

LafargeHolcim subsidiary Holcim Lanka has begun operations of a new ship-to-rail road hybrid model for the transportation of its raw materials. The state railway will transport Holcim cement related raw materials by rail from the Eastern port of Trincomalee to the Mahawa railway station where the company's dedicated trucks will then transport the materials to the Puttalam Cement Works Plant. Holcim Lanka Procurement and Logistics Director, Charith Wijendra, said: "It is critical we pro...

Holcim's Fontana walks into a barrage of problems in Sri Lanka

16 June 2014, Published under Cement News

Bernard Fontana, Holcim CEO, arrived in Sri Lanka to formally open a grinding facility in Galle, but found  Holcim being accused of various charges by the local press. Communications staff at Holcim Lanka had to block attempts by The Sunday Leader and the Irudina to attend a press briefing at the Taj Hotel in Colombo. Mr Fontana faced anger when the investment of US$22m in Ruhunu Galle was being formally opened on Poson Poya day, the second most holy day for Buddhists after Wesak. Holcim ...

Holcim Lanka appoints new CEO, Sri Lanka

26 March 2013, Published under Cement News

Philippe Richart, formally responsible for the readymix concrete business in Holcim Vietnam, has been appointed CEO of Holcim Lanka, effective 1 March 2013. The change of CEO, which was announced in February 2013, was part of a generational change in the company’s leadership. Philippe joined Holcim Group Support in 2004 as a Commercial Project Manager for the Aggregates and Constructions Materials function, working on aggregates market development and performance improvement in various r...

Holcim Lanka’s alternative fuels option, Sri Lanka

19 March 2012, Published under Cement News

Holcim Lanka Ltd is beginning to use agricultural waste to generate power in the cement manufacturing process. Speaking to the Daily News Business, Chairman of Holcim Lanka, Manilal Fernando, said that the company is using rice husks, straw, agricultural waste and other waste materials to generate power. "This initiative has helped the company to reduce production cost by almost 30%," he said. Mr Fernando said that they are also currently doing research to save more energy by way of usin...