Cement News tagged under: Lafarge
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
Mexico: Cementos Fortaleza plant to be inaugurated next week04 July 2014, Published under Cement NewsMexichem, Elementia and Lafarge will inaugurate the first plant of Cementos Fortaleza on Tuesday, 8 July 2014. The event will be led by Mexico’s president, Enrique Peña Nieto, and Carlos Slim Helú, head of Grupo Carso. The new works is located in Santiago de Anaya, Hidalgo, and is expected to produce 2Mta. Cementos Fortaleza is a strategic alliance between Elementia, which holds 53 per cent of shares, and Lafarge, which holds the balance. |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
Lafarge Iraq launches an improved version of Karasta multipurpose cement26 June 2014, Published under Cement NewsLafarge Iraq has launched a new version of Karasta, its multipurpose cement which is tailor-made for the Iraqi climate and market needs. To meet customer expectations and requirements the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta's new formula meets the Iraq specification 3868 and the international standards EN 197-1:2011 CEM II/A-L 42.5 R, which is similar to Lafarge products in other countrie... |
Bamburi Cement names new CEO26 June 2014, Published under Cement NewsBamburi Cement, part of the Lafarge group, has announced the appointment of Bruno Pescheux as chief executive officer and a member of the Board of Directors, effective 21 July 2014. Mr Pescheux previously held the position of CEO of Lafarge Syria. He takes over from Hussein Mansi who has been Bamburi Cement’s CEO over the past five years. |
Lafarge and Holcim hire banks to sell assets24 June 2014, Published under Cement NewsLafarge and Holcim have hired banks to sell assets as they try to secure antitrust approval for their planned merger, according to reports by Bloomberg citing people with knowledge of the matter. Holcim has hired Credit Suisse and HSBC, while Lafarge is working with Morgan Stanley and BNP Paribas, the sources stated. The sales process is likely to start in the autumn, they said. To satisfy regulatory requirements Lafarge and Holcim will have to make divestments equivalent to around 15 ... |
Lafarge and Holcim to make portfolio decisions in India16 June 2014, Published under Cement NewsHolcim Ltd and Lafarge SA may sell some assets in India to clear the competition hurdle and are considering units in Rajasthan and Chhattisgarh where the two companies have common presence. Holcim operates in India through Ambuja Cements Ltd and ACC Ltd, and Lafarge through Lafarge India Pvt Ltd. Lafarge runs units in Chhattisgarh, Jharkhand, Rajasthan and West Bengal while ACC and Ambuja Cements own integrated plants in Rajasthan and Chhattisgarh, among other places. "In states where ... |
Lafarge sells Ecuador operations28 May 2014, Published under Cement NewsLafarge announced the sale of its cement operations in Ecuador for an enterprise value of US$553m to Union Andina de Cementos SAA (UNACEM). Lafarge Cementos SA operates an integrated cement plant of 1.4Mt of capacity, located in Otavalo, in the North of the country. This divestment will contribute to Lafarge's objective to reduce net debt below EUR9bn in 2014, the group said. Ecuador was one of the countries where the proposed ‘LafargeHolcim’ combination was expected to see considerable... |
Lafarge Republic expansion on track for 1H15 completion28 May 2014, Published under Cement NewsLafarge Republic is on track to launch new mills at its Teresa and Norzagaray cement plants in the first half of next year, its president has said. "For 2015, Lafarge Republic, Inc. is putting up new cement grinding mills in Teresa plant and Norzagaray plant and targeting to start operating them by January 2015 and second quarter of 2015, respectively," said Renato C. Sunico, president of Lafarge Republic, Inc. Both new grinding mills are designed with capacity of 850,000tpa, These will... |