Cement News tagged under: Holcim

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Kaspar EA Wenger is designated chairman of the Board of Holcim (Schweiz) AG

19 May 2015, Published under Cement News

In the framework of the progressing merger between Holcim and Lafarge, Kaspar EA Wenger will become designated chairman of the Board of Holcim (Schweiz) AG, effective 30 June 2015, and hand over his responsibilities as Area Manager for Central Europe (Switzerland, South Germany, Italy). Mr Wenger has been part of the Holcim Group for more than 20 years, including over 10 years of operating responsibility for Holcim (Schweiz) AG, as well as the responsibility for Central Europe. "Thank...

Holcim files Lafarge stock exchange offer

12 May 2015, Published under Cement News

Holcim Ltd said on Monday it has filed with the French financial market regulator details of its proposed share exchange with Lafarge. The offer allows Lafarge shareholders to exchange all shares in the Paris-based company for newly created shares in Holcim. The exchange ratio is 10 Lafarge shares for nine shares in Holcim. Two thirds of Lafarge's 293 million shares have to be offered up by shareholders for the deal to go ahead. The offer is due to open on 1 June and run until 3 July...

Holcim shareholders back all motions for proposed merger

11 May 2015, Published under Cement News

Lafarge and Holcim have today successfully secured support from Holcim shareholders for their proposed merger and completed one of the final key steps on their way to creating a global building materials giant. Representing around 72 per cent of the company’s share capital, the 738 shareholders attending the Extraordinary General Meeting of Holcim Ltd approved all motions proposed by the Board of Directors. Wolfgang Reitzle, currently Chairman of Holcim and future Co-Chairman (statutory Cha...

LH clearance received in US and Canada

05 May 2015, Published under Cement News

Lafarge and Holcim have received final approval for their proposed merger from the competition authorities in the USA and Canada. All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015. Following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements. These divestments remain subject to the completion of the merger,...

LH Merger nears completion

01 May 2015, Published under Cement News

As Holcim’s shareholders prepare to meet next Friday to vote on the planned merger with Lafarge, will the confirmed support of Eurocement and a better than expected 1Q15 performance by Lafarge be enough to seal the deal? The planned EUR41bn tie-up between the world's two leading cement majors – billed as a “merger of equals” – was thrown into doubt in March as Holcim demanded new terms, stating that the deal “could no longer be pursued in its present form.” Holcim investors had wat...

Holcim sees continued growth in the USA

30 April 2015, Published under Cement News

Holcim's first quarter turnover declined by 2.8 per cent to CHF3972m (€3699m), but on a like-for-like basis, there was a 1.6 per cent reduction while measured in euros the turnover was ahead by 10.7 per cent.  Operating EBITDA declined by 3.9 per cent to CHF593m (€552m). The trading profit was down by 11.5 per cent to CHF261m (€243m), while the net attributable profit jumped by 289.3 per cent to CHF310m (€289m). Net debt at the end of March was 0.3 per cent higher at CHF9670m (€7862m) to g...

Eurocement backs Holcim-Lafarge merger

30 April 2015, Published under Cement News

Eurocement Holding AG, Holcim Ltd's second-largest shareholder, said it supports the Swiss cement maker's planned merger with Lafarge SA . "Having analysed all advantages and disadvantages of a possible creation of the biggest global construction materials player we think that the prospective of the development of the combined company is very positive, so we will support the merger," Eurocement said in a statement. Eurocement, which has a 10.8 per cent stake in Holcim, said it intends to k...

Holcim automates logistics services with Schenck Process‘ LOGiQ software

28 April 2015, Published under Cement News

Holcim has optimised its automated dispatch processes and weighing technology in its eastern Europe plants. Since the beginning of the year, the LOGiQ logistics software by Schenck Process has been automating all process and data management relating to dispatch services in the company's 14 locations from Slovakia to Bulgaria. Four other locations are currently in the process of being connected to the highly available dispatch automation system including all Outbound-, Inbound- and AFR transp...

Holcim and Lafarge receive EC approval for CRH as buyer of divestment assets

27 April 2015, Published under Cement News

The European Commission has cleared under the EU Merger Regulation the proposed acquisition of several assets of Holcim and Lafarge by Irish building materials manufacturer CRH. The Commission concluded that the transaction would raise no competition concerns, in particular because the merged entity will continue to face sufficiently strong competition after the merger and customers will have alternative suppliers in all markets concerned. The proposed transaction concerns assets worth seve...

Italcementi Group to acquire two Holcim facilities in the US

23 April 2015, Published under Cement News

Essroc, the North American subsidiary of Italcementi group company Ciments Français, has signed an agreement with Holcim to purchase the slag cement grinding facility in Camden, New Jersey, USA. As part of the transaction, Essroc will also obtain Holcim cement terminal in Everett (Massachusetts). The acquisition will be finalised pending completion of the Holcim and Lafarge merger later this year. Holcim’s staff in Camden and Everett will join Essroc, Italcementi said in a statement. The ...