Cement News tagged under: Holcim

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Lebanon: beyond tomorrow

02 November 2016, Published under Cement News

With falling domestic consumption and foreign direct investment offering limited demand at home and the Syrian war disrupting regional export routes, Lebanon’s cement producers are cutting costs and reducing output. However, the long-term scenario offers improved opportunities both within and beyond the country’s borders. By Riwa Daou, Blominvest Bank, Lebanon. As local demand weakens and foreign direct investment falls, Lebanon's cement producers look to the medium- to long term f...

Holcim Philippines 3Q profits up 15%

27 October 2016, Published under Cement News

Holcim Philippines increased its net profit for 9M16 by nearly 20 per cent YoY to PHP5.4bn (US$111.8m), helped by a double-digit growth in cement sales. For the 3Q alone, the company's net profit rose by 15.3 per cent YoY to PHP1.7bn, which was attributed to strong sales figures and improved operational efficiency. For the 3Q operating cash flow increased by 11 per cent YoY to PHP2.7bn, driven by sustained gains in operational efficiencies implemented at the start of the year and higher c...

Visible cracks

10 October 2016, Published under Cement News

Over the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha...

Azerbaijan: EBRD increase stake in Holcim plant

16 September 2016, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committed to sustainability standards, and will pursue the use of alternative fuels in its operations.” ...

Indonesia: Holcim completes Lampung terminal

15 August 2016, Published under Cement News

Holcim Indonesia has completed the construction of its cement terminal in Lampung at a cost of up to IDR400bn (US$30.5m). The new 4.7ha facility will be used for both storage and packing and will be able to process up to 1Mt of cement per year. Speaking on the project, finance director for the company, Mark Schmidt, said, "We will get the cement from a plant in Tuban [East Java], we will take it to Lampung to be packaged and marketed in South Sumatra.”

LafargeHolcim India head joins Executive Committee

09 August 2016, Published under Cement News

LafargeHolcim made the decision to induct Head of LafargeHolcim India, Martin Kreigner, into the Executive Committee of the group, giving him additional responsibilities in southeast Asia. Mr Kreigner will be based out of Mumbai. These recent changes to the executive committee reflect the group and its portfolio’s evolution following divestments and integration, LafargeHolcim said in in a statement. The restructuring of operations reveals the growing importance of Indian business. Lafa...

New communication manager at Holcim Romania

02 August 2016, Published under Cement News

Veronica Dobre has been appointed the new Communication Manager of Holcim Romania. She takes the position over from Ioana Borangic, who had worked for the company for six years. Ms Dobre holds a degree in Public Relations from the UK Chartered Institute of Public Relations and is also a Political Sciences, Communication and Public Relations graduate of the National School of Political Administrative Studies of Bucharest. Speaking on her new appointment, Ms Dobre said, “Holcim has alway...

Holcim New Zealand’s terminal shift

18 July 2016, Published under Cement News

Holcim New Zealand is building two new cement terminals at a cost of NZD105m in Timaru and Auckland to ensure the ongoing supply of cement to customers beyond the closure of the 58 year-old cement plant at Westport. By Robyn Flynn, Derek Williams and Ken Cowie, Holcim New Zealand, and Benjamin Davis, Domtec, USA. Cement unloading at Holcim's new Timaru terminal in New Zealand In mid-2014 Holcim (New Zealand) Ltd was granted approval by Holcim headquarters to move forward with th...

Sri Lanka: Holcim exit causes tension with China and India

08 July 2016, Published under Cement News

The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the state-owned China Resources Group, is expected to cause tension with India as the world's largest cement-producing country extends its influence on the island. With strong current positions in the Colombo and Hambantota harbours, this deal would also give China a presence in Galle and Trincomalee in addition to consolidating its presence in Colombo. Holcim presently owns the Ceylon Ambuja...

Belgium: appeal court overturns competition watchdog fines

06 July 2016, Published under Cement News

Holcim, CBR, CCB and Febelcem, the Belgian cement association, have seen the competition watchdog’s judgment to pay a EUR14.7m fine overturned by the Belgian Court of Appeal. The competition authority fined the cement majors and the association for the alleged formation of a cartel to reduce competition in the domestic market, but the Court of Appeal found that such illegal practices did not occur.