Cement News tagged under: Lafarge
Lafarge and Holcim merger 'on track', set to request EU approval10 October 2014, Published under Cement NewsLafarge and Holcim are about to request approval from the European Commission for their planned merger, Lafarge Chief Executive Bruno Lafont told reporters on Thursday. "We are indeed very close to (EU) notification," Lafont told Reuters on the sidelines of a conference on affordable housing at Lafarge's headquarters in Paris. He added that talks with Brussels had been "constructive" and that the companies were "well on track" to close the deal in the first half of next year. Notifying the ... |
Industry majors reportedly teaming up for LH asset disposals09 October 2014, Published under Cement NewsCRH is reportedly teaming up with Cemex to bid for all the assets that Lafarge SA and Holcim Ltd will have to sell to secure the approval of European competition authorities for their proposed merger, Reuters reported on Tuesday. HeidelbergCement AG of Germany and Brazil's Votorantim Cimentos SA also are understood to be considering a joint bid for the assets, according to sources familiar with the matter cited by Reuters. The groups would be competing with several private equity bidders f... |
SA watchdog puts condition on merger approval09 October 2014, Published under Cement NewsThe Competition Commission of South Africa has consented to the merger of Holcim and Lafarge SA on condition that Holcim divests of the shareholding in Afrisam within three years of the approved merger. The watchdog said on its website that it had approved the intermediate merger on 1 October 2014, Holcim exited the South African market a few years ago, except for a stake it held in Afrisam. Until the transaction, it was only Lafarge that operated in South Africa. "The commission f... |
BillerudKorsnäs wins Product Development award at Lafarge Global Supplier Awards 201403 October 2014, Published under Cement NewsLafarge has recognised the work carried out in close partnership between its Lafarge Research Centre in Lyon and the BillerudKorsnäs Sack Lab Sweden for the development of a new packaging solution. Lafarge awarded seven suppliers under different categories after an evaluation of 75 global suppliers. Carlos Espina, Senior Vice President, Research and Development at Lafarge praised the Product Development award winner, stating: "The development is an exciting and enriching joint development ... |
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... |
Sri Lanka: Lafarge Mahaweli concludes Health & Safety month02 October 2014, Published under Cement NewsLafarge Mahaweli Cement concluded its annual Health & Safety month recently, with a number of activities held at their factory premises located within the Colombo port, Sri Lanka. The theme of this year's safety month was 'My actions, My impact: Our Progress' with special emphasis on zero accidents. During the month several training programs were carried out for employees, contractors, drivers and other stakeholders with external speakers within the industry sharing insights into road sa... |
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... |
Lafarge evacutes Syrian factory amid security concerns26 September 2014, Published under Cement NewsLafarge said Thursday it has evacuated its Syrian factory and halted all operations there indefinitely there amid security concerns. Lafarge operates a 3Mta factory in Ein Al-Arab, about 160km northeast of Aleppo, near the Turkish border, an area where the US has carried out air strikes against Islamic State militants. The plant was evacuated on 18 September 2014 and all operations have been halted until workers' security can be guaranteed, a spokeswoman said. Islamic State took ... |
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... |
Elementia: Fortaleza brand to register 20% growth in 2014-1524 September 2014, Published under Cement NewsDespite a slow market, Mexico’s Cementos Fortaleza expects to close 2014 and 2015 with growth. Antonio Taracena, director general at Elementia, owner of the Fortaleza brand, attributes the growth due to the new brand. Although sales are forecast to rise by barely one per cent in Mexico this year, Elementia – owned by Carlos Slim and Antonio del Valle – expects to show 20 per cent growth by end-2014, and predicts the same level for 2015. "We will grow another 20 per cent, as in this ye... |