Cement News tagged under: Lafarge
Lafarge confirms commitment to Indian market15 October 2013, Published under Cement NewsDespite the current slowdown on the Indian market, Lafarge has reaffirmed its commitment given the country’s huge long-term potential. In an interview with the Economic Times (ET) of India, Martin Kriegner, CEO of Lafarge India, said that even though market growth has slowed from original projections, the company aims to be “more resilient” and is not giving up on any segments. “In the short term, we balance our portfolio. India's potential is huge in infrastructure. The market is valued a... |
UK cement industry faces shake-up08 October 2013, Published under Cement NewsThe Competition Commission (CC) in the UK has said it is looking to invigorate competition in the British cement market by opening the way for a new independent producer. As well as provisionally requiring Lafarge Tarmac to sell a cement plant (and accompanying ready mix concrete plants if necessary) to facilitate entry of this new producer, the CC is also proposing to limit the flow of information and data between cement producers, it said in a statement released today. Additionally, the... |
Rising South African input costs impacting Lafarge margins08 October 2013, Published under Cement NewsLafarge South Africa has said it may raise cement prices on the local market due to higher fuel and electricity costs. Thierry Legrand, country chief executive, said last week that increasing input costs were having an impact on margins and had not been fully recovered in previous price increases. He said fuel costs rose by 21 per cent in 2011, 16 per cent last year and nine per cent so far this year, while electricity costs were increasing annually by more than nine per cent. As such, the... |
Lafarge and Solidia Technologies announce partnership08 October 2013, Published under Cement NewsLafarge has signed a partnership agreement with the US start-up Solidia Technologies® to industrialise an innovative technology that could reduce the environmental footprint of pre-cast concrete. The technology allows lower CO2 emissions in the cement production process, and involves the capture of CO2 in precast concrete manufacturing. Overall, CO2 emissions could be reduced by up to 70 per cent. As part of the agreement, Lafarge will work with Solidia to demonstrate feasibility of comme... |
Lafarge appoints new Russia CEO25 September 2013, Published under Cement NewsLafarge has appointed Andre Martin as its new chief executive of its Russian division, replacing Alex de Valukhoff. Mr Martin had previously had previously served as senior vice president for the group’s industrial segment in Paris since last year. "To come to Russia and serve as the CEO of Lafarge Russia, is an honoir I find humbling and motivating," Martin said in an emailed statement. "Together with the team of professionals we are committed to contributing to the building of better ... |
British Columbia industry reaching milestone18 September 2013, Published under Cement NewsJust two years after its launch in Canada, a new cement type that results in 10 per cent lower CO2 emissions is rapidly becoming the preferred standard for the majority of new concrete construction projects in British Columbia, according to the Cement Association of Canada. The BC cement industry reports that Contempra now accounts for nearly 50 per cent of the domestic cement consumed in the province. This rate will accelerate as more and more developers and builders specify the carbon-r... |
Lafarge sells Honduras operations to Cementos Argos03 September 2013, Published under Cement NewsLafarge announced the sale of its cement operations in Honduras to Cementos Argos for a total enterprise value of EUR435m, the France-based cement major announced in a statement today. This enterprise value represents a 2012 EBITDA multiple of 8.6. Lafarge owns 53.3 per cent of the Honduran subsidiary, Lafarge Cementos SA de CV. The assets sold comprise an integrated cement plant with a capacity of 1Mta and a grinding station with a 0.3Mta capacity. The transaction is subject to releva... |
Cement makers hit by infrastructure slump in emerging markets20 August 2013, Published under Cement NewsCement producers have been sliding on the financial stock exchanges as emerging market bonds and equities tumble, according to the Financial Times. Many of the region’s building materials groups have invested heavily in the emerging markets and fears that falling foreign investment will negatively impact state spending on large projects has underpinned stock market losses. Swiss major Holcim last week warned that slowing infrastructure spending in India – its biggest market – would dampen p... |
Ashaka Cement first-half pretax profit falls 54.4%, Nigeria02 August 2013, Published under Cement NewsAshaka Cement reported a 54.4 per cent decline in first-half 2013 pretax profit to NGN1.65bn (US$10.3m) from NGN3.55bn a year ago. Turnover also fell to NGN11.81bn during the six months to June 30, compared to NGN12.26bn in the same period of last year. Askaka Cement, in which Lafarge holds a 59 per cent interest having increased this from 50 per cent last year. Is located in the northeastern state of Gombe. The firm owns a plant with a capacity of 0.85Mta and has initiated a programme to ... |
Lafarge opens Sagunto laboratory29 July 2013, Published under Cement NewsLafarge has inaugurated its first R&D laboratory in Europe at Sagunto, Spain. The centre, which is the company’s second in the world after its US facility in Houston, will research the use of cement in oil and gas wells. The laboratory will enable the company to carry out research under conditions of higher pressure, temperature and chemical agents that cement is subjected to at depths of 3000-5000m. Apart from developing new cements, the laboratory will also play a part in meeting cli... |