Cement News tagged under: Lafarge
Lafarge's final full year turnover and EBITDA in decline18 February 2015, Published under Cement NewsLafarge's turnover eased by 1.9 per cent to EUR12,843m in 2014 and the EBITDA came off 2.6 per cent to EUR2721m, having fallen by 9.4 per cent in 2013. Including share of associates, turnover eased by 0.2 per cent to EUR15,167m and the EBITDA by 0.4 per cent to EUR3091m. The trading profit was off by 2.9 per cent to EUR1,881m, but was 0.4 per cent ahead at EUR2084m including associates and carbon credits received recovered from EUR14m to EUR37m. Net financial charges declined by a furthe... |
Mexico: LH merger green light18 February 2015, Published under Cement NewsMexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an indirect stake in ELC Tenedora de Cementos, which produces white and grey cement in its plants in Hidalgo state. “On 16 December 2014, Lafarge sold its stake in ELC to Elementia and as such does no longer have any stake in the Mexican cement industry and therefore, the operation does not have any effect on the str... |
Lafarge opens new building materials distribution centre, Algeria09 February 2015, Published under Cement NewsLafarge opened a new building materials distribution centre at M’Sila on 3 February 2015. "This new distribution centre is part of Lafarge Algeria’s business strategy to get closer to the end user and make a full range of high-quality products available at stable prices," said the company in a press statement. Lafarge operates two cement plants in Algeria - one in M’Sila and a further one in Oggaz (Mascara) - representing a total production capacity in the country of around 8.6Mta. It al... |
CRH: climbing the building materials ladder06 February 2015, Published under Cement NewsNews that CRH has beaten off competition to acquire a package of assets from Lafarge and Holcim ahead of their planned merger has been welcomed by the market, but not everyone is convinced by the rationale and apparent shift in strategy. CRH confirmed on Monday that it had “entered into a binding agreement to acquire certain assets currently owned by either Lafarge and Holcim that the companies must sell for their proposed merger to receive regulatory approval across various juris... |
Philippine prices set to rise?03 February 2015, Published under Cement NewsCement prices in the Philippines are set to rise by PHP10/40kg bag shortly, according to separate advisory statements issued by three domestic producers to local distributors. Cemex Corp, Lafarge and Eagle Cement have each notified distibutors of the impending rise, the Manila Standard reported yesterday. The daily noted that Cemex’s Rizal cement currently sells for PHP198/bag (US$4.49), while Lafarge Republic’s brand sells at PHP197 and Eagle Cement at PHP193/bag. The planned price hike i... |
Lafarge02 February 2015, Published under Cement NewsLafarge is negotiating with CRH to sell of its assets in Germany and certain assets in the United Kingdom, the Philippines, Brazil and Réunion. |
CRH strikes deal to acquire €6.5bn Holcim and Lafarge assets02 February 2015, Published under Cement NewsCRH has reached a deal to acquire €6.5bn in the assets of Lafarge and Holcim who are restructuring to win regulatory approval for their planned merger. The deal will significantly expand CRH’s globally footprint in the cement industry by acquiring new facilities in the Philippines, Canada, Brazil and several countries in Europe. Commenting on the acquisitions, CRH chief executive Albert Manifold said: “This transaction represents a significant value creation opportunity for CRH. We are acqu... |
CRH confirms discussions over Lafarge and Holcim assets23 January 2015, Published under Cement NewsCRH has confirmed that it is in discussions with Lafarge and Holcim regarding the potential acquisition of certain assets being disposed of by the two companies in advance of their proposed merger. “While there can be no certainty that these discussions will result in a transaction, if an acquisition was to proceed, it is likely that it would be funded through a combination of existing cash balances, debt and an equity placing,” CRH said in a statement released yesterday. “At this stage ... |
RHI wins order at Lafarge Exshaw works22 January 2015, Published under Cement NewsAustrian refractory materials maker RHI AG has been awarded a supply contract for around EUR10m from Lafarge for its plant in Exshaw, western Canada. Under the contract, RHI will deliver material for the expansion of the plant. |
Lafarge to buy back Baring stake in Indian unit21 January 2015, Published under Cement NewsLafarge India is reportedly buying back the 14.03 per cent stake it sold to global private equity investor Baring Private Equity Asia in 2013. Through its wholly-owned subsidiary Paris Cement Investment Holdings, Barings Asia acquired a 14.03 per cent stake in Lafarge India for EUR200m. According to local press reports, the share agreement with the PE fund is said to have a clause which triggers a buyback case in case there is any change in the shareholding structure. With Lafarge and Holc... |