Cement News tagged under: Lafarge
Lafarge to invest BRL1bn in Brazil over next five years15 January 2013, Published under Cement NewsLafarge is to invest BRL1bn (US$500m) in Brazil in the five years to 2018, according to the group’s chairman and chief executive Bruno Lafont. During a meeting with Brazil’s president Dilma Rousseff in Braslia, Mr Lafont said the organic investment is being made to keep with growth of the local market. “Brazil has true potential for growth. The investment needs in infrastructure and in the housing sector show that the country has much margin for growth,” he noted. Among the new inve... |
Lafarge sells aggregate quarries in Georgia11 January 2013, Published under Cement NewsLafarge announces it has signed binding agreements for the sale of six aggregates quarries in Georgia (USA) for a total enterprise value of US$160m. These assets represent less than one cent of the company's sales in North America in 2011. These transactions are subject to relevant approvals. "With these divestments in a region where Lafarge is present only through its aggregates operations, the group pursues its strategy of focusing on most promising geographic areas where we have int... |
Canada: carbon tax hurting cement industry10 January 2013, Published under Cement NewsBritish Columbia (BC) Conservative leader John Cummins has spoken out against the provincial carbon tax, claiming it threatens to kill the cement industry in Canada. “The BC Liberals’ unfair carbon tax has forced BC’s three largest cement-kilns to reduce operations by 50 to 60% capacity,” Cummins said. He added that exports of BC made cement to the US have plunged since the tax was introduced, while imports of American cement have risen from 6.5% of the domestic market in 2007 to 34% in... |
Lafarge announces joint venture with Elementia, Mexico09 January 2013, Published under Cement NewsLafarge announces it has reached an agreement with Elementia to combine their cement assets in Mexico. Lafarge will bring its two plants of Vito and Tula for a total capacity close to 1Mta, while Elementia will contribute the new 1Mta plant it is currently building in central Mexico. This combination will significantly strengthen Lafarge's position in Mexico. The transaction, which involves no cash and is subject to regulatory approvals, is expected to close in 2H13, pursuant to the start... |
Lafarge & Anglo America announce completion of joint venture08 January 2013, Published under Cement NewsLafarge and Anglo American announce the completion of their 50:50 joint venture which combines their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services, and waste services businesses in the United Kingdom. The joint venture will be known as Lafarge Tarmac and begins trading today. Completion of the Lafarge Tarmac joint venture follows final clearance from the UK Competition Commission, predicated on the completed sale of a portfolio of Tarmac and L... |
Lafarge04 January 2013, Published under Cement NewsThe Zambian government has expelled Lafarge's managing director Fola Esan, who is a Nigerian national, and is also trying to remove Muna Hantuba, the non-executive chairman. Apparently the two are not willing to give advantageous contracts to leaders of the ruling party and to ministers. More than 20 foreign businessmen have been expelled from Zambia in recent weeks. |
IFC to loan Kerbala Cement US$70m for plant rehabilitation03 January 2013, Published under Cement NewsThe IFC, a member of the World Bank, is to provide a US$70m loan to Kerbala Cement Manufacturing (KCML) to rehabilitate its cement plant near the city of Kerbala. KCML, a subsidiary of the Lafarge group, will undertake the work under a concession agreement with the government of Iraq. The financing is expected to help bolster Iraq's construction sector, a key source of jobs, and support rebuilding efforts in the country, which is in dire need of infrastructure following years of conflict. ... |
Fives FCB awarded new contract at Lafarge Rezina, Moldova02 January 2013, Published under Cement NewsFives FCB has signed an order with Imsat Ceprocim Engineering company, member of SNEF group, for the supply of a TSV™ 3000 HF type dynamic classifier and a water injection system to equip an existing ball mill at Lafarge’s Rezina cement plant in Moldova. The three ball mills installed in Rezina cement plant are currently operating in open circuit. The equipment supplied by Fives FCB will allow the plant to increase cement quality and as well produce some new high-quality cement types whil... |
Lafarge Mykolaiv completes environmental project upgrades21 December 2012, Published under Cement NewsThe Lafarge cement plant in Mykolaiv, Ukraine, has completed the overhaul of its filtering and electrical equipment to reduce its dust emissions and meet local regulation requirements. At the end of 2010, Lafarge Ukraine started the implementation of a new environmental project: the reconstruction of the electrostatic precipitators (ESPs) of four rotary kilns, from September 2010 until March 2011, with a staggered scheduling according to the Kiln winter stoppages. The scope of the project w... |
Lafarge looking to sell stake in Indian operations?21 December 2012, Published under Cement NewsPrivate equity funds are in talks to buy a minority stake in Lafarge India as the cement company taps new ways to fund its expansion, the Economic Times of India reports. Carlyle, KKR, Temasek and TPG Capital have begun preliminary talks with Lafarge India management, two sources close to the transaction said. Some of them have also signed non-disclosure agreements. Lafarge wants to shed up to a 20 per cent stake to fund expansion plans worth about INR6000 crore, the ET reported. " Lafar... |