Cement News tagged under: Holcim

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Holcim expects 3-5% growth in Mexico

12 March 2015, Published under Cement News

The Mexican cement market will expand by 3-5 per cent in 2015, according to a forecast by Holcim México. Although dollar volatility, lower oil receipts and the decreased government spending may impact negatively on cement consumption, the National Infrastructure Plan (NIP), a dynamic housing sector and higher remittances are expected to boost cement demand this year. In the first half of 2015 the recovery that started in 2H14 is expected to take hold. "There are conditions to believe th...

Rodolfo Montero new Holcim México CEO

03 March 2015, Published under Cement News

From 1 March, Rodolfo Montero becomes the new CEO of Holcim México, succeeding Eduardo Kretschmer, who will leave Holcim after 34 years. Mr Montero previously held the position of CEO of Holcim Ecuador, a post for which he was appointed for in 2010. He started work for Holcim in 1990 and has since fulfilled a variety of roles, including business manager for ready mix concrete in Costa Rica, CEO of Holcim Nicaragua and Cemento Panamá as well as commercial director of Holcim Sri Lanka. He ...

Holcim to offer shareholders merger sweetener?

02 March 2015, Published under Cement News

Holcim is considering offering its shareholders a sweetener to win their approval for a planned merger with Lafarge, Reuters reported citing an article in a Swiss newspaper. Analysts have seen a potential divergence in earnings outlooks between the two companies as opening the possibility of a renegotiation of the terms of the deal, which foresees each Lafarge share being swapped for one Holcim share. Swiss weekly Sonntagszeitung reported, without citing a source that Holcim was looking a...

Ecuador: Holcim inaugurates modernised Guayaquil works

01 March 2015, Published under Cement News

Holcim recently opened Phase II of its Guayaquil, Ecuador, cement works modernisation. The second phase of the Guayaquil modernisation includes the addition of a new raw vertical mill, clay storage building and raw material storage. During the 28-month construction period, the company strived to maintain high industrial safety, promoting safe work sites through 49,000h of staff training. The modernisation also focussed on environmental management, investing a fifth of the project’s cons...

Holcim to sell Siam City Cement stake, Thailand

24 February 2015, Published under Cement News

Siam City Cement PCL (SCCC), Thailand's second-largest cement maker, said on Monday Holcim has decided to sell its 27.5 per cent stake in the company. SCCC said in a statement that Thai Roc-Cem Ltd, Holcim's indirect wholly-owned subsidiary, will sell 63.29 million shares of SCCC, but Holcim gave no details about the divestment or when the sale would be finalised. At the end of 2012, Holcim reduced its stake in SCCC from 36.8 to 27.5 per cent. The shares were purchased by Bangkok Broadcast...

Holcim sees 3% improvement in like-for-like net sales

23 February 2015, Published under Cement News

Holcim increased net sales by three per cent on a like-for-like basis in 2014. Growth mostly resulted from price improvements in many regions, particularly in North America against a favourable market environment as well as a response to cost inflation in Latin America. An unfavourable currency effect of 5.2 per cent and negative changes in consolidation structure impacted the consolidated net sales performance in 2014 which was down 3.1 percent to CHF19,110m (US$ 17.8 bn). Like-for...

CCI clears LH merger on condition

23 February 2015, Published under Cement News

The Competition Commission of India has reportedly given the green light to the Lafarge and Holcim merger on condition it divests divests some of its units, including limestone reserves, to prevent a monopoly in eastern India, top sources said. After prima facie investigations by CCI revealed the combination will likely have an appreciable adverse effect on competition, especially in eastern India, the CCI launched ‘phase II investigations’. It put the merger proposal in public scrutiny u...

LH: potential merger of Indian operations on the cards?

20 February 2015, Published under Cement News

Lafarge and Holcim may bring together their local Indian interests as part of the merger process between the two global cement majors, according to local press. The Economic Times reported yesterday that Holcim and Lafarge plan to merge Holcim’s local companies ACC and Ambuja Cements together with Lafarge India, citing sources with direct knowledge of the matter. According to the report, the plan is still at an early stage and the cement producers have mandated investment bank Lazard to adv...

Mexico: LH merger green light

18 February 2015, Published under Cement News

Mexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an indirect stake in ELC Tenedora de Cementos, which produces white and grey cement in its plants in Hidalgo state. “On 16 December 2014, Lafarge sold its stake in ELC to Elementia and as such does no longer have any stake in the Mexican cement industry and therefore, the operation does not have any effect on the str...

Holcim Obourg reduces job losses

18 February 2015, Published under Cement News

The management of Holcim’s Obourg plant in Belgium and the unions have signed an agreement regarding the restructuring of the works. The majority of the 38 staff that will be laid off will leave the company on early retirement packages and only four will be dismissed. This lowers the initial reduction in staff by 10 after lengthy negotiations took place. The plant will now be operated by around 200 people.