Cement News tagged under: Lafarge
Lafarge Malaysia to step up cost and efficiency drive04 January 2018, Published under Cement NewsFollowing its MYR135m net loss for 9MFY17, Lafarge Malaysia confirmed it will pursue ongoing strategic initiatives to achieve profitability in the near term, according to Focus Malaysia. The company expects to optimise its costs as it plans to source petcoke directly from the Middle East, which is forecast to lead to savings of 5-10 per cent. The current modernisation project at its Rawang works is also expected to contribute to the cement producer’s drive to optimise its assets as it... |
Lafarge Africa receive shareholders endorsement for merger15 November 2017, Published under Cement NewsLafarge Africa have received the shareholders endorsement for a merger with Unicem and Atlas Cement Company Ltd, according to Nigerian newspaper The Guardian. "The merger is part of the asset consolidation we began in June 2014. It will solidify our market position in Nigeria particularly our presence in the South-South and South-East regions," said Michel Pucherchos, CEO of Lafarge Africa. Unicem has a cement production capacity of 5Mta at its Mfamosing plant, whilst Atlas has a capaci... |
Nigercem Nkalagu preparing to commence production02 November 2017, Published under Cement NewsNigercem Nkalagu is planning to begin production in a move which will reinforce Nigeria’s cement production capacity, which presently stands at 25Mt. After shutting down in 2003, the Federal Government made a pledge in May 2017 to ensure that Nigercem was re-opened. Chief David Umahi, the Governor of Ebonyi State, has informed stakeholders that BUA Cement and Lafarge Group are interested in the deposits of limestone within the area. The Sun News reports that Umahi recognised how the na... |
Aggregate Industries introduces Postmix to its Lafarge Cement range25 July 2017, Published under Cement NewsAggregate Industries has introduced Postmix to its Lafarge Cement range of packed products, a quality-assured premixed ready-to-use formulation for fixing all types of fence posts. Lafarge Postmix is composed of a selected blend of cements and aggregates intended for domestic use. Easy to use, the product requires no mixing – just add water. It sets in five to 10 minutes and then rapidly hardens, allowing for fence panel hanging in around 30 minutes. Postmix fixes all types of wood, m... |
Nigeria: Lafarge raided and closed for suspected for tax evasion18 October 2016, Published under Cement NewsLafarge Cement Co Ltd in Onne and IGPES, an engineering company, in Port Harcourt, were raided by Nigerian enforcement officers from the Federal Inland Revenue Service (FIRS) on Monday for tax evasion. The leader of the FIRS team disclosed that Lafarge Cement had not paid its taxes since 2012. While the cement company's premises were sealed for failing to pay taxes of over NGN10m (US$31,695), IGPES, an engineering firm, was shut down for allegedly evading tax to the tune NGN1.2bn since 20... |
Visible cracks10 October 2016, Published under Cement NewsOver the last 18 months CDP has analysed sectors ranging from electric utilities and automotive manufacturing to extractives and has benchmarked how leading players manage climate risks and opportunities. In June it was the turn of the cement sector, as CDP published ‘Visible Cracks’, its first report for investors on the global cement industry. This publication revealed how differently companies in the sector are preparing for the transition to a low-carbon economy. By Tarek Soliman and Cha... |
UK cement after Brexit21 September 2016, Published under Cement NewsThe UK’s cement sector has seen substantial change in the last 12 months, with new cement producers coming to the market and a raft of legislation to ensure a competitive market for customers going forward. The recent Brexit vote has cast a shadow over the economy, but even though several very large projects are currently on hold, the long-term fundamentals for cement demand remain strong. HeidelbergCement-owned Hanson operates around 3Mta of cement capacity at plants in Padeswood ... |
Canada: Lafarge improving environmental impact13 September 2016, Published under Cement NewsLafarge has completed a CAD20m (US$15.3m) modernisation project at its Exshaw plant in Alberta. The works focussed on improving the plant’s environmental impact but also nearly doubled output from 1.3Mta to 2.2Mta. The retrofit was carried out on the plant’s kiln No. 5, alongside the construction of a new state-of-the-art kiln No. 6. While completing this project, which was started in 2013, one of the plant’s older kilns had to be decommissioned. Amongst the environmental measures put... |
India: reason for optimism?17 August 2016, Published under Cement NewsThe first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year... |
LafargeHolcim India head joins Executive Committee09 August 2016, Published under Cement NewsLafargeHolcim made the decision to induct Head of LafargeHolcim India, Martin Kreigner, into the Executive Committee of the group, giving him additional responsibilities in southeast Asia. Mr Kreigner will be based out of Mumbai. These recent changes to the executive committee reflect the group and its portfolio’s evolution following divestments and integration, LafargeHolcim said in in a statement. The restructuring of operations reveals the growing importance of Indian business. Lafa... |