Cement News tagged under: Holcim
Holcim opens water treatment plant in Mexico02 June 2014, Published under Cement NewsHolcim has opened a water treatment plant in Mexico at its Ramos Arizpe complex operated by subsidiary Ecoltec. The plant, which will treat water contaminated by hydrocarbons, has a daily capacity of 40m3 and allows the firm to process water more efficiently. |
Change in the senior management of Holcim14 May 2014, Published under Cement NewsOnne van der Weijde, area manager for India until April 25, 2014, and member of Holcim senior management, leaves Holcim effective 1 June 2014, the company said in a statement. Member of the Holcim Executive Committee Bernard Terver, responsible for the Indian Subcontinent, takes over direct responsibility for the country. "Holcim thanks Onne van der Weijde for his contributions to the success of the group, especially in India, and wishes him all the best for his future endeavors," the st... |
CRH can spend big on acquisitions08 May 2014, Published under Cement NewsCRH Chief executive Albert Manifold was questioned by the Irish Examiner about growth opportunities for the Irish building materials company following the company's AGM in Dún Laoghaire. Albert Manifold said that management would continue to search for opportunities in its core markets of mainland Europe, the Americas and Asia and would have approximately EUR1.5bn available to spend over the next year and a half to spend on acquisitions and investments in the next year. Since the beginning... |
UltraTech Cement could buy Holcim-Lafarge assets06 May 2014, Published under Cement NewsUltraTech Cement Ltd, India’s biggest cement maker, is considering buying the local assets of Holcim Ltd and Lafarge SA, according to a person with direct knowledge of the matter. “The ready availability of assets may help the Indian firm gain market share without having to build greenfield factories,” said Rashesh Shah, an analyst at ICICI Securities Ltd in Mumbai. Birla’s plan also underscores optimism among investors that a stable government following this month's elections will spur a ... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
Holcim strong start in Europe28 April 2014, Published under Cement NewsHolcim's first quarter turnover declined by 5.4 per cent to CHF4088m (EUR3342m), but on a like-for-lake basis, there was a 7.8 per cent increase and measured in euros the turnover, was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (EUR504m), which represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (EUR241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (EUR65m), as last year'... |
Holcim's results boosted by mild winter in Europe28 April 2014, Published under Cement NewsHolcim's first quarter turnover declined by 5.4 per cent to CHF4,088m (€3,342m), but on a like-for-like basis, there was a 7.8 per cent increase while measured in euros the turnover was off by five per cent. The operating EBITDA declined by 5.1 per cent to CHF617m (€504m), but this represents an underlying increase of 10.1 per cent. The trading profit increased by 9.3 per cent to CHF295m (€241m), while the net attributable profit dropped by 57.5 per cent to CHF80m (€65m), as last year's ... |
ACC and Ambuja post diverging results, India25 April 2014, Published under Cement NewsHolcim’s two Indian interests have posted contrasting results for the first quarter of 2014, with ACC’s profit down nine per cent while Ambuja Cement’s net climbs 6.6 per cent. Ambuja Cements reported a net profit of INR5.20bn (US$85.2m) for the first quarter ended March 31, compared with INR4.88bn a year earlier. Sales volume increased two per cent to 6.06Mt. Ambuja's net profit was helped after other income rose by 53.2 per cent to INR1.32bn from a year earlier, according to a company... |
EC to investigate Cemex and Holcim Spanish deal24 April 2014, Published under Cement NewsThe European Commission said on Wednesday it is investigating plans by Cemex and Holcim over a Spanish deal because of competition issues. "The Commission has concerns that the transaction may reduce competition in certain areas of Spain where the two companies' activities overlap," the EU executive said in a statement. Removing Holcim from the Spanish market “could facilitate coordination” between cement makers, the statement added. Collusion on pricing and customer allocation “could b... |
LafargeHolcim will create Indian market leader21 April 2014, Published under Cement NewsThe merger of Lafarge and Holcim will create the largest producer in India, overtaking the current leader, UltraTech Cement, according to a report in The Economic Times of India. Currently, Holcim controls ACC and Ambuja Cements, while Lafarge operates around 8Mta capacity, concentrated in the east of the country. After the merger, the combined Lafarge Holcim entity plus UltraTech would represent 40 per cent of total domestic production capacity, which will prompt the Competition Commissio... |