Cement News tagged under: Holcim

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Venezuela: Holcim receives final installment

01 December 2014, Published under Cement News

Holcim today announced that the group has received the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008. Corporación Socialista Del Cemento SA, which is now operating the former Holcim plant, has transferred the remaining compensation amount of US$97.5m intially due on 10 September 2014, the Swiss cement producer said in a statement. Holcim reported back in October that it was still awaiting the final installment and was in contact with rel...

Holcim expects to select buyers for assets by end-Jan

19 November 2014, Published under Cement News

Holcim said it expects to have found buyers for the cement plants and other operations linked to its tie-up with Lafarge by the end of January, and that the merger is on course to be completed by the middle of next year as planned. "We expect the final bids somewhere in January 2015,"  Bernard Fontana, chief executive of Holcim said at the company's investor day on Tuesday, adding that Holcim also hoped to select buyers for the assets the same month. "All this is consistent with an over...

Holcim names new Area Manager for Africa Middle East

19 November 2014, Published under Cement News

Dominique Drouet, CEO of Holcim Morocco, has been appointed Area Manager for Africa Middle East and member of Senior Management of Holcim Ltd, effective 1 January 2015. He will assume this responsibility in addition to his current role. Mr Drouet replaces Javier de Benito who has decided to to take up a new challenge outside the group, Holcim said in a statement. Mr Drouet joined Holcim in 1994 as CEO of Holcim Outre Mer based in la Réunion, and was appointed CEO of Holcim Lebanon in 1999...

Holcim: 2015 expected to be "solid year"

18 November 2014, Published under Cement News

Holcim expects 2015 to be a “solid year” for the group as it aims to achieve substantial improvement of its results. In a statement released ahead of today's Holcim Investor and Analyst Day 2014, the Swiss cement major said it anticipates 2015 like-for-like operating profit (excluding merger-related costs) to be in the range of CHF2.7-2.9bn (EUR2.2-2.4bn/US$2.8-3bn). Group companies in India, Indonesia, the USA, Mexico and the UK are being seen as the main growth drivers. The company ...

Oyak Group eyeing Lafarge and Holcim assets

14 November 2014, Published under Cement News

Oyak Group, Turkey’s largest cement producer, has US$2bn in cash for acquisitions and may spend some of it on assets Holcim and Lafarge are looking to shed ahead of their planned merger. The head of the Ankara-based company told Bloomberg in an emailed statement that the group is interested in Holcim and Lafarge businesses in the eastern European countries of Romania, Serbia and Hugary. “We are interested in bidding as Oyak or together with a European group” for assets, Caglar said. Oyak ...

Holcim Awards 2014 winners for Asia Pacific

14 November 2014, Published under Cement News

The winning projects of the Holcim Awards 2014 Asia Pacific have been announced in Jakarta, Indonesia, with a bird sanctuary in Thailand, a locally-adapted orphanage in Nepal and a community library in Sri Lanka received the top prizes. "The winning submissions demonstrate the development of multi-disciplinary responses to the challenges facing design and building," Holcim said in a statement. Protective Wing: a bird sanctuary in northern Thailand that serves as both an educational...

Holcim increases shipments in the USA, Africa and Asia

03 November 2014, Published under Cement News

Holcim’s turnover for the first nine months declined by 4.7 per cent to CHF14,243m, while in euro terms the reduction was 3.6 per cent to €12,136m and in US dollar terms the decline was just 0.9 per cent, while on a like for like basis there was a 3.4 per cent increase. The Asia Pacific region generated 36.6 per cent of group turnover, down from 37.5 per cent a year earlier, while Europe represented 29.9 per cent, up from 28.4 per cent. Latin America contributed 15.7 per cent against 17.1...

HeidelbergCement won't bid for Lafarge and Holcim assets

03 November 2014, Published under Cement News

HeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, HeidelbergCement has decided to refrain from the ongoing bidding process for the assets offered for sale of Lafarge and Holcim in the frame of its merger proceedings, “ the German cement major said in a statement. There had been speculation that HeidelbergCement would use the anticipated proceeds from the announced sale of its...

Holcim and Lafarge formally notify EC

28 October 2014, Published under Cement News

Lafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets being disposed in Europe. During the pre-notification discussions which Lafarge and Holcim have had with the European Commission, the list of proposed assets for divestment in Europe has been slightly amended. Compared with the list of assets presented on July 7, 2014, the two companies now propose to: • retain Lafa...

Cemex says no bid on Lafarge-Holcim assets

24 October 2014, Published under Cement News

Mexico-based Cemex has announced it will not make an offer for Holcim and Lafarge assets that are available due to the proposed merger of the two cement giants, said Cemex CEO, Fernando Gonzalez, in a conference call with analysts.