Cement News tagged under: Lafarge
Lafarge halts EUR20m investment in Sagunto plant, Spain17 February 2016, Published under Cement NewsThe management of Lafarge yesterday made public its decision to halt the expansion of its quarry and its plant at Sagunto, Spain, due to “the uncertainty created by the new local government and the lack of viable alternatives,” according to El Mercantil Valenciano. The cement producer had intended to spend around EUR20m in upgrading its plant. In 2013 Lafarge and the town council of Sagunto agreed for the company to accept the limits to the use of its quarrying concession and move to the o... |
Lafarge may need to divest of more Indian assets due to mining regulations06 January 2016, Published under Cement NewsLafarge India has submitted a revised proposal to the Competition Commission of India (CCI) to sell its entire 11Mta of assets in India, Business Standard reports, citing an investment banker familiar with the development. This decision comes after Lafarge's plan to sell its 5.15Mta cement capacity in Chhattisgarh and Jharkhand to Birla Corp has hit a hurdle due to mining regulations. Investment bankers said the MP Birla Group company was facing challenges in securing limestone mining righ... |
Mbeya Cement launches new product, Tanzania14 October 2015, Published under Cement NewsMbeya Cement, part of the LafargeHolcim group, has introduced higher-strength cement named Tembo Supaset 42.5 cement. Catherine Langreney, CEO of Lafarge Tanzania, said the product specifically addresses the needs for block making, concrete mix, mega structures and high visibility infrastructure projects--bridges, roads and stadiums. "This brand is the result of careful [almost one year] research and development by our cement technical experts, Ms Langreney said yesterday during the launch... |
Looking forward to growth09 September 2015, Published under Cement News15 July 2015 saw the official launch day of LafargeHolcim, the merger between building materials giants, Lafarge and Holcim, which brings into being a world leader with 386.5Mta of cement production capacity installed across the globe. Since Holcim and Lafarge revealed their merger plans on 7 April 2014, both companies have put in considerable effort to lay the foundations of a balanced partnership and avoid the proverbial clash of titans. They divested some of their assets to meet regul... |
CRH completes Lafarge-Holcim transaction03 August 2015, Published under Cement NewsCRH announced that the transaction to acquire certain assets from Lafarge SA and Holcim Ltd for a total enterprise value of EUR6.5bn is now complete, with the exception of the Philippines which is expected to close in the third quarter of this year. The deal was initially announced in on 2 February 2015, with a binding agreement sealed between the companies towards the end of May. Commenting on the completion of the acquisitions, Albert Manifold, CRH chief executive, said: “Today we extend... |
Exchange rate helps Lafarge’s 6% EBITDA increase31 July 2015, Published under Cement NewsLafarge's first-half turnover improved by 5.3 per cent to EUR6319m while EBITDA advanced by 5.9 per cent to EUR1223m. The trading profit moved ahead by 7.7 per cent to EUR813m. At the net attributable level, however, there was a EUR477m loss, compared with a EUR70m profit a year ago. Net debt at the end of June was 1.5 per cent higher at EUR10,253m and the gearing level rose from the 65.4 per cent reported in respect of this time last year to 67.8 per cent. Capital expenditure increased by 2... |
Lafarge EBITDA up EUR52m in 1H1529 July 2015, Published under Cement NewsLafarge's cement volumes for the second quarter of 2015 were down three per cent due to a fall in export sales as the two per cent volume rise in domestic markets could not entirely offset the decline overseas. Volumes were supported by continuing positive trends in many markets such as Romania, the Philippines, Egypt or Canada while adverse weather limited growth in the United States. There was also ramp-up of new capacities in Rajasthan (India) and Russia to offset the impact of subdued m... |
Three firms reportedly submit bids for LH eastern India assets20 July 2015, Published under Cement NewsThree contenders have submitted binding bids to acquire LafargeHolcim's (LH) Indian cement assets in Jharkhand and Chhattisgarh, according to local press reports. CRH Plc., HeidelbergCement India Ltd and Baring Pvt Equity Asia have submitted the final bids for the assets with a combined capacity of 5Mta, two persons familiar with the development told Live Mint (India). "The bids have come in the range of INR4100 crore to close to INR5,000 crore and final round of negotiations have begun,"... |
Holcim and Lafarge complete global merger13 July 2015, Published under Cement NewsHolcim Ltd and Lafarge SA on Friday completed their global merger and have launched LafargeHolcim, a world leader in the building materials industry. All conditions for the completion of the merger have been fulfilled following the successful completion of the public exchange offer and the issuance of new Holcim shares to Lafarge shareholders. Holcim’s shareholders had previously approved the merger-related resolutions at an Extraordinary General Meeting on 8 May 2015. With the completion... |
Holcim Philippines to make offer for local assets of Lafarge13 July 2015, Published under Cement NewsHolcim Philippines will make an offer to acquire the assets of Lafarge Group in the Philippines as part of the merger process between the two cement majors. In a disclosure to the Philippine Stock Exchange (PSE), the local unit of Swiss firm Holcim Ltd. said it has been given the green light by its board of directors to make an offer for the France-based assets of the Lafarge Group. Specifically, Holcim has been authoriszed to “make an offer for, and should the offer be accepted, to pr... |