Cement News tagged under: Lafarge

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Lafarge-Tarmac tie-up challenged on competition grounds, UK

21 February 2012, Published under Cement News

The planned merger between Lafarge and Tarmac has been called into question by the UK’s Competition Commission (CC) on grounds that the tie-up could damage competition in both the bulk cement and other construction materials markets. In February 2011, Lafarge and Tarmac announced their agreement to combine their cement, aggregates, ready-mixed concrete, asphalt and contracting businesses in the United Kingdom, comprising Tarmac Limited and Lafarge Cement UK, Lafarge Aggregates and Concret...

Lafarge meets debt reduction target, net profit falls

17 February 2012, Published under Cement News

Lafarge reported a 28 per cent decline in net profit in 2011 reflecting write-offs mainly in Greece, while sales rose three per cent. For 2012, the group sees cement demand edging higher and has pledged to continue slashing debt. Current operating income grew three per cent in the fourth quarter to €538m from higher sales volumes, higher pricing, and cost cutting measures. For the year, higher cost inflation and the negative impact of foreign exchange lowered overall results.  Net prof...

Lafarge Jordan appoints New CEO

16 February 2012, Published under Cement News

Lafarge Group announced the appointment of Toufic Ahmed Tabbara as CEO for Lafarge Jordan, both Cement and Concrete. Tabbara will take on his new position in February 2012, after having assumed a number of positions across Lafarge Group in several countries. “I am very pleased with my new responsibilities as CEO and I hope to carry forward Lafarge Jordan’s longstanding history in contributing to the economy, community and society at large. I am very eager to support the Company in leverag...

Babcock to manage Lafarge fleet, North America

10 February 2012, Published under Cement News

Lafarge has awarded Babcock International a UK£100m fleet management contract across its cement and aggregates sites in North America. The 10-year deal sees Babock providing a fleet managed serviced for Lafarge’s heavy mobile equipment. It follows the UK£50m fleet management contract that Babcock was awarded by Lafarge covering the UK aggregate and cement sites last July. Babcock is delivering the whole lifecycle of fleet management in the contract, from procuring and supporting the equipm...

Morgan Stanley lifts Lafarge price target

08 February 2012, Published under Cement News

Morgan Stanley has lifted the share price target of Lafarge from EUR36 to EUR42 and assigned an ‘equal-weight’ recommendations. Analysts at Morgan Stanley see optimistic prospects for the sector, reports SeeNews France, which increases its attractiveness. Last week Lafarge said it planned to cut 460 jobs worldwide as part of its reorganization plan presented on 21 November. Under the plan, the company will replace its current produt line-based organisation with a country-based structure.

Lafarge to cut 460 jobs globally

03 February 2012, Published under Cement News

Lafarge, said it would cut 460 jobs globally as part of a corporate restructure. The French company said 90 roles would go in France, with the others stripped out of worldwide corporate functions, according to reports in the Daily Telegraph.

New Lafarge Romania CEO

02 February 2012, Published under Cement News

Lafarge’s Romania unit has announced that Sonia Artinian has been appointed its country CEO as of 1 January 2012. Ms Artinian is responsible for Lafarge’s cement, aggregates and concrete business in Romania, Lafarge Romania said in a press release on Tuesday. Ms Artinian has worked for Lafarge since 2008. She replaces Philippe Questiaux, who had managed Lafarge’s cement activity in Romania for 10 years, the company added.

New general director of Lafarge France announced

20 January 2012, Published under Cement News

Pascal Casanova has been named general director of Lafarge France. Mr Casanova joined Lafarge in 1999 after having worked with other construction firms. More recently he served as research and development director since 2008.

India: caught in a down-cycle

06 December 2011, Published under Cement News

These are important times for the Indian cement sector as the country’s cement producers see cement sales dip and energy costs squeeze margins. New capacity projects are being delayed as the oversupply situation becomes more apparent and under the current circumstances the industry may have to wait longer than anticipated for a much needed upturn. An overview of key developments in the Indian cement sector ahead of the NCB’s 12th International Seminar on Cement and Building Materia...

Iraq – open for business

22 November 2011, Published under Cement News

Last September, a delegation of senior ministers from Iraq’s government convened in London for the first Iraq Mining conference. The message they wanted to convey was that Iraq, after decades of war and uncertainty, is now ready for business. The economy is open to foreign investors, security has improved, and the opportunity is there for those who wish to seize it. In this exclusive report, ICR examines the potential for the cement sector in Iraq. Iraq has experienced unimaginable t...