Cement News tagged under: Lafarge

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Lafarge EBITDA up EUR52m in 1H15

29 July 2015, Published under Cement News

Lafarge'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 assets

20 July 2015, Published under Cement News

Three 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 merger

13 July 2015, Published under Cement News

Holcim 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 Lafarge

13 July 2015, Published under Cement News

Holcim 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 offer

10 July 2015, Published under Cement News

France'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 successfully

08 July 2015, Published under Cement News

The 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 Lafarge

08 July 2015, Published under Cement News

Avantha 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...

Antoine Ducleax new Lafarge Central Europe CEO

29 June 2015, Published under Cement News

Antoine Duclaux is the new CEO of Lafarge Central Europe and heads up the future country cluster of Austria, Czech Republic, Hungary, Slovakia and Slovenia. Until recently, he was Senior Vice President Strategy at Lafarge’s headquarters following earlier appointments as Managing Director at Lafarge Emirates Cement, Dubai, and Lafarge Cementos, Honduras. He has been part of the Lafarge team since 2002, when he started as Vice President of Corporate Audit.

Philippines: Pasig City launches new RDF facility

26 June 2015, Published under Cement News

The Pasig City government on Wednesday inaugurated a new refuse-derived fuel facility (RDF) which will supply alternative fuels to local cement plants including those of Lafarge. The collaboration between the Pasig government with IPM Construction and Development Corp (IPM) and the Metropolitan Manila Development Authority (MMDA) can process 600tpd of waste. The facility is majority-owned by Basic Environmental Systems & Technologies Inc and Lafarge Industrial Ecology International. IPM,...

Ujjwal Batria appointed as Lafarge India CEO

26 June 2015, Published under Cement News

Lafarge has appointed Ujjwal Batria as the India CEO effective 22 June 2015. Mr Batria takes over the responsibility from Martin Kriegner who has been appointed future Area Manager Central Europe of LafargeHolcim.   Mr Ujjwal Batria has been with Lafarge for the past 16 years. Prior to his appointment as the Country CEO, Lafarge India, Mr Batria was the MD of Lafarge India Private Ltd.