Cement News tagged under: Holcim
Holcim and Lafarge to identify non-core assets in India for divestment16 October 2014, Published under Cement NewsHolcim and Lafarge have begun an internal process in India to identify assets which have to be divested to adhere to the requirements of the country’s Competition Commission. Two sources familiar with the matter told The Economic Times of India that: “Both the companies are running processes to understand which are the plants and operations which are not linked to their strategic global plans," says one of the persons quoted above. "These plants and operations will be divested." "The proc... |
Holcim breaks ground on Timaru terminal16 October 2014, Published under Cement NewsHolcim has hosted the official groundbreaking ceremony for its new cement import terminal at the Port of Timaru. Member of Parliament for Rangitata, Hon Jo Goodhew planted a tree to celebrate the groundbreaking. The old silos have already been demolished by PrimePort and the site is clear for construction to begin on the new import terminal. The company has all the approvals required and continues to work closely with PrimePort and the Timaru District Council Holcim’s managing director, ... |
UltraTech to bid for Lafarge Holcim assets?15 October 2014, Published under Cement NewsUltraTech Cement is reportedly eyeing cement assets being put on the block by Holcim and Lafarge ahead of their planned merge Local press have speculated that the Aditya Birla group company is more interested in Holcim and Lafarge's assets in emerging countries, particularly in Latin America. Chairman Kumar Mangalam Birla is leading the bid preparations, a source familiar with the deal told The Times of India. |
Lafarge and Holcim merger 'on track', set to request EU approval10 October 2014, Published under Cement NewsLafarge and Holcim are about to request approval from the European Commission for their planned merger, Lafarge Chief Executive Bruno Lafont told reporters on Thursday. "We are indeed very close to (EU) notification," Lafont told Reuters on the sidelines of a conference on affordable housing at Lafarge's headquarters in Paris. He added that talks with Brussels had been "constructive" and that the companies were "well on track" to close the deal in the first half of next year. Notifying the ... |
Industry majors reportedly teaming up for LH asset disposals09 October 2014, Published under Cement NewsCRH is reportedly teaming up with Cemex to bid for all the assets that Lafarge SA and Holcim Ltd will have to sell to secure the approval of European competition authorities for their proposed merger, Reuters reported on Tuesday. HeidelbergCement AG of Germany and Brazil's Votorantim Cimentos SA also are understood to be considering a joint bid for the assets, according to sources familiar with the matter cited by Reuters. The groups would be competing with several private equity bidders f... |
SA watchdog puts condition on merger approval09 October 2014, Published under Cement NewsThe Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three years of the approved merger. The watchdog said on its website that it had approved the intermediate merger on 1 October 2014, Holcim exited the South African market a few years ago, except for a stake it held in Afrisam. Until the transaction, it was only Lafarge that operated in South Africa. "The commission f... |
Holcim Vietnam plant to take toxic oil09 October 2014, Published under Cement NewsAuthorities in Vietnam’s northern province of Quang Ninh will remove 7000l of toxic oil from the edge of the Ha Long Bay and dispose of it at Holcim's cement plant in Mekong Delta. News website Dan Tri cited a source from provincial authorities as saying the PCB-laced oil will leave the bay for the factory in Kien Giang Province within the coming days. Holcim is capable and properly-equipped to transport the oil, the official said. The oil is contaminated with PCBs (polychlorinate... |
Venezuela: final compensation installment delayed06 October 2014, Published under Cement NewsHolcim is yet to receive the last compensation installment in connection with the nationalisation of Holcim Venezuela in 2008, the company said in a statement today. Corporación Socialista Del Cemento, SA, which is operating the former Holcim plant, has not transferred the remaining compensation amount of USD$97.5m due on 10 September 2014. The Swiss cement major said it is in contact with the relevant parties in Venezuela to address this situation and, if necessary, "will pursue all lega... |
Holcim considers next move after court rejects carbon theft lawsuit06 October 2014, Published under Cement NewsHolcim is considering its options after the European Court of Justice (ECJ) dismissed its lawsuit against the European Commission over the theft of 1.6m emissions allowances in 2010. On 18 September, the ECJ said it had rejected Holcim's arguments that the Commission should compensate the firm for around EUR17.6m for damages suffered when the online carbon trading account of its Romanian subsidiary was hacked. In its judgment, the court ruled that Holcim must bear the losses resulting from... |
Alain Bourguignon, Marc Soule join Holcim's asset sale committee02 October 2014, Published under Cement NewsHolcim, which is set to merge with French peer Lafarge in 2015, has named Alain Bourguignon and Marc Soule members of the asset sale committee. Bourguignon was so far in charge of Canada, UK and USA, while Soule was Lafarge's performance management director. Roland Koehler, Holcim's director for continental Europe, will also take on the British market, while Andrea Leu, who is director for South America, will be in charge of Canada and USA. (Abstracted from an original article in Le Fig... |