Cement News tagged under: Holcim
Cemex expected to receive EU clearance for Holcim Spain assets05 August 2014, Published under Cement NewsEuropean Union antitrust regulators are expected to approve Cemex’s bid to acquire Holcim’s Spanish units without requiring concessions from the Mexican producer, a source told Reuters on Monday. Cemex has convinced the European Commission that the deal will not reduce competition in Spain, a person familiar with the matter told the news agency. Another source had previously told Reuters earlier this month that the Commission had objected to the deal. Last month the European Commission... |
EC extends deadline for Cemex decision31 July 2014, Published under Cement NewsThe European Commission has extended the deadline for its decision on whether to clear or block the deal from 5 September to 12 September 2014. A source told Reuters earlier this month that the Commission had objected to the deal after a preliminary review showed that it would significantly reduce competition in certain parts of Spain. Cemex had submitted its concessions on Monday, the EU watchdog said on its website, without providing details in line with its policy. It h... |
Holcim's turnover brought lower by exchange rates30 July 2014, Published under Cement NewsHolcim's cement deliveries improved by two per cent to 70Mt in the first six months, and the underlying advance was 2.8 per cent. Sales of other mineral components recovered by 7.6 per cent to 1.8Mt. Shipments of aggregates edged ahead by 0.2 per cent to 69.6Mt and ready-mixed concrete deliveries declined by three per cent to 18.1Mm³, while asphalt sales rose by 21.8 per cent to 4.1Mt. Turnover declined by 6.1 per cent to CHF9,649m, or by 5.4 per cent in euro terms to EUR7,419m, while on ... |
STC eyes Holcim Mauritius acquisition28 July 2014, Published under Cement NewsIn the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time. STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic. The presence of STC in the market would offer a greater price control as it will control the entire... |
Holcim (Russia) new CEO appointed24 July 2014, Published under Cement NewsGuillermo Brusco has been appointed CEO of Holcim (Russia), effective 1 July 2014. He replaces Gustavo Navarro. Mr Brusco’s responsibility will cover the strategic development of Holcim Group companies in Russia. He started his career within the Holcim Group in 1988 holding various positions in Venezuela, US and Italy. Starting in 2003 he served as plant manager of the Ramos Arizpe plant in Mexico, and has also held the position of Operations Vice President of Holcim (Argentina). |
Lafarge Holcim antitrust reviews ‘on-track’21 July 2014, Published under Cement NewsHolcim and Lafarge are in "advanced" discussions with European antitrust regulators over their proposed merger, Bernard Fontana, chief executive of Holcim, told the Wall Street Journal. Earlier this month, the companies identified shared assets, including 23 plants in eight countries amounting to a total of 27.5Mta, that will be sold to allow the merger to go ahead. Mr Fontana told the newspaper that discussions with the European Union – where the two companies have some of their greatest... |
European Commission objects to Spanish deal14 July 2014, Published under Cement NewsThe European Commission, the antitrust regulator in Europe, has objected to plans by Cemex to acquire Spanish units held by Holcim. In August last year the two cement majors reached an agreement to conduct a series of transactions to swap and combine assets in parts of Europe with the aim of improving synergies and boosting operating profit. However, a source told Reuters last week that: "The European Commission (EC) has sent a statement of objections to the companies," referring ... |
Kenya: Holcim won't buy out Bamburi Cement10 July 2014, Published under Cement NewsHolcim said it has no intention of making a takeover offer for Bamburi Cement Ltd in Kenya if competition regulators allow its planned merger with Lafarge SA, Bloomberg reports. “We have no intention of making a takeover offer for BCL,” Holcim said. Bamburi will continue to trade on the Nairobi Securities Exchange, it said. Holcim, based in Switzerland, and Paris-based Lafarge SA are seeking antitrust backing for a planned US$40bn merger they intend to complete by the 1H15. Once the transa... |
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a... |