Cement News tagged under: Lafarge
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... |
LH merger: final results of public exchange offer10 July 2015, Published under Cement NewsFrance's Financial Market Authority published the final results of the public exchange offer initiated by Holcim Ltd for the shares of Lafarge SA. Following the settlement-delivery of the offer expected to occur on 10 July 2015, Holcim Ltd will hold 252,230,673 Lafarge SA shares representing 87.46 per cent of the share capital and at least 83.94 per cent of the voting rights of Lafarge SA based on the total number of shares outstanding as of 8 July 2015. In accordance with the AMF general ... |
Holcim's public exchange offer for shares of Lafarge completed successfully08 July 2015, Published under Cement NewsThe public exchange offer made by Holcim Ltd for Lafarge SA has been successful, bringing the merger of the world's two largest cement majors close to completion. The French market watchdog, Autorité des marchés financiers (AMF), said as of 7 July 2015, a total of 252,230,673 shares representing 87.46 per cent of Lafarge's share capital, and at least 81.47 per cent of voting rights of Lafarge SA, has been offered by shareholders fulfilling the conditions for the merger to go ahead. The succ... |
CG signs global supply agreement for electrical motors with Lafarge08 July 2015, Published under Cement NewsAvantha Group company CG has signed a global supply agreement with cement major Lafarge for electrical motors. "We are extremely pleased to have entered into this agreement and have CG as a preferred partner for Large Motors. CG’s ability to provide flexible designs, high quality and cost effective solutions were key factors that Lafarge considered while making this decision," said Michel Edmont, Senior Vice President - International Sourcing, Lafarge Cement. For decades,CG has been provi... |