Cement News tagged under: Holcim
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... |
Texas cement shipments in August up 15.2%01 October 2014, Published under Cement NewsAugust cement shipments in the US state of Texas advanced 15.2 per cent than in the same period of 2013, according to the Texas Comptroller of Public Accounts. Holcim saw its dispatches rise by 39 per cent in August and by 28 per cent in the first eight months of 2014. TXI saw its shipments advance by 26 per cent and Texas Lehigh by 21 per cent while Cemex sales flatlined and Alamo’s fell by 10 per cent. For 8M14, TXI, Cemex and Texas Lehigh dispatches increased by 18, six and five per ce... |
Holcim changes in senior management30 September 2014, Published under Cement NewsUrs Bleisch, Corporate Functional Manager and member of Senior Management of Holcim Ltd, has been nominated member of the Holcim Executive Committee. He will keep his current responsibilities for Holcim Technology Ltd, Holcim Group Services Ltd, and the project management office of the Holcim Leadership Journey. Alain Bourguignon, currently Area Manager in charge of Canada, UK and USA, and member of Senior Management of Holcim Ltd, supported by Marc Soulé, currently Lafarge’s Senior Vice ... |
UK: Votorantim interest in Tarmac29 September 2014, Published under Cement NewsVotorantim is understood to be planning a bid for a package of businesses being offloaded by Holcim and Lafarge, in an effort to seal a GBP32bn mega-merger that would include Tarmac, one of Britain’s largest companies. It is not known whether the Sâo Paulo-based company wants to buy all the assets being sold or cherry-pick parts in different countries. The disposals are expected to attract offers from other big players, including Ireland’s CRH and HeidelbergCement. The sell-off, valued at... |
Sabanci Holding eyes LafargeHolcim assets24 September 2014, Published under Cement NewsTurkish conglomerate Sabanci Holding plans to bid for some of the assets Lafarge and Holcim must sell to receive approval from competition watchdogs ahead of its planned merger, a source with knowledge of the deal told Reuters. Sabanci is aiming for growth through acquisitions and said in March that it plans to spend TRL1-1.5bn (US$448-672m) on such investments. "Preparations are being made for a bid in December," the source said, adding that Sabanci is interested mainly in European busine... |
CRH to compete for Lafarge and Holcim assets19 September 2014, Published under Cement NewsIrish building materials manufacturer CRH plc is considering making an offer to purchase the assets that might stand in the way of the merger of Lafarge and Holcim, industry sources told Reuters. It was not reported which assets that the Irish firm might be keen to purchase. Following the announcement of their giant merger and in an effort to avoid regulatory problems, Lafarge and Holcm will have to shed some of their assets, which in turn could be of interest to competitor CRH, Reuters exp... |
Fiji: Holcim JV sells stake in Pacific Cement Ltd19 September 2014, Published under Cement NewsSouth Pacific Cement, a joint venture between Holcim New Zealand and Fletcher Building Ltd, has sold its 47 per cent stake in Pacific Cement Ltd (PCL) to the Vinod Patel Group. PCL is a joint venture with Fijian Holdings Ltd (FHL), which holds a 51 per cent stake. The balance of shares is owned publicly. The company was the first cement manufacturer in the country with a production capacity of 0.2Mta. FHL group chairman, Iowane Naiveli said the Vinod Patel Group had become a strategic... |
EC clears Holcim and Cemex Spanish deal10 September 2014, Published under Cement NewsThe European Commission (EC) has cleared, under the EU Merger Regulation, the proposed acquisition of Holcim’s Spanish operations by Cemex, the last of three transactions under scrutiny in the European tie-up between the two global majors. Following an in-depth investigation launched in April 2014, yesterday the Commission concluded that the acquisition "would not raise competition concerns since the merged entity will continue to face sufficient competition from its rivals in all markets ... |
Lafarge Holcim merger cleared in Singapore08 September 2014, Published under Cement NewsThe Competition Commission of Singapore (CCS) has given Lafarge and Holcim the greenlight to merge their businesses in the country. Holcim Singapore manufactures and supplies ready-mix concrete to customers. Holcim also imports grey cement. Similarly, Lafarge Singapore imports and supplies cement to third-parties in Singapore. Lafarge, through its subsidiary and joint venture partner, manufactures and supplies ready-mix concrete in Singapore. After a public consultation exercise, the CS... |