Cement News tagged under: Lafarge
Lafarge and Solidia commercialise a new low-carbon solution for the construction sector29 April 2015, Published under Cement NewsLafarge has reached a new milestone in its partnership with US start-up Solidia Technologies® with the signing of an agreement to commercialise a technology allowing a significant reduction in the environmental footprint of pre-cast concrete. The patented technology allows lower CO2 emissions in the cement production process and utilises CO2 in precast concrete manufacturing. It reduces the carbon footprint of the end-to-end process by up to 70 per cent. Under the terms of this agreement, ... |
Holcim and Lafarge receive EC approval for CRH as buyer of divestment assets27 April 2015, Published under Cement NewsThe European Commission has cleared under the EU Merger Regulation the proposed acquisition of several assets of Holcim and Lafarge by Irish building materials manufacturer CRH. The Commission concluded that the transaction would raise no competition concerns, in particular because the merged entity will continue to face sufficiently strong competition after the merger and customers will have alternative suppliers in all markets concerned. The proposed transaction concerns assets worth seve... |
Bestway acquires Lafarge Pakistan unit24 April 2015, Published under Cement NewsBestway Cement Ltd, a subsidiary of Bestway Group, has taken management control of Lafarge Cement's plant located near Kallar Kahar, Pakistan. To mark the acquisition, a ceremony was held at the plant on Wednesday, which was attended by Sir Anwar Pervez, the owner of Bestway Group and Amr Ali Reda, the CEO of Lafarge Pakistan, among others. In July 2014 Bestway successfully bid for a 75.86 per cent of Lafarge Pakistan’s shares for an enterprise value of US$329m. Bestway Cement... |
ISS backs LafargeHolcim deal22 April 2015, Published under Cement NewsUS shareholder adviser ISS has recommended that Holcim investors back the Swiss cement maker's proposed merger with Lafarge ahead of next month's shareholder vote on the tie-up. Backing from ISS is a boost Holcim as it seeks to win the support of two-thirds of investors at a shareholder meeting on 8 May 2015 to approve a capital increase to fund the proposed deal. ISS said in its report to investors that the deal warranted investors' support as it had a clear strategic rationale and offere... |
Holcim says Eurocement proposal 'too late' for consideration at meeting17 April 2015, Published under Cement NewsHolcim said a proposal by a major shareholder to have a seat on the LafargeHolcim board had come too late to be included in the agenda of a shareholder meeting next month. Lafarge and Holcim announced the names of the candidates for the board of the new group earlier this week, in a list comprising seven nominees from Holcim and seven from Lafarge. On Wednesday, Eurocement notified Holcim that, as the Swiss major’s second largest shareholder, it was nominating Galchev to join the board... |
Holcim and Lafarge propose final US asset disposals17 April 2015, Published under Cement NewsLafarge and Holcim announce further details on the package of assets they propose to divest in the United States, as part of their planned merger to create LafargeHolcim. The divestments include: • Lafarge's 1.1Mta Davenport cement plant (Iowa) and seven terminals along the Mississippi River to be sold to Summit Materials for a total consideration of US$450m in cash plus Summit’s Bettendorf, Iowa cement terminal • three Holcim terminals in Michigan and Illinois • Holcim's 0.6Mta Skyway... |
Eurocement seeks Galchev Board seat at LafargeHolcim16 April 2015, Published under Cement NewsEurocement Holding AG, the second-biggest shareholder in Holcim Ltd, said Wednesday it is nominating its owner, Filaret Galchev, for a position on the Board of the company that would be created by the planned tie-up between Holcim and Lafarge. The proposed nomination of Galchev in an emailed statement may signal that Eurocement, which holds a 10.8 per cent stake in Holcim, is willing to support the merger with Lafarge at next month's shareholder vote. The firm, however, gave no indication... |
Fitch affirms Holcim at 'BBB'; Outlook Stable15 April 2015, Published under Cement NewsFitch Ratings has affirmed Holcim Ltd's (Holcim) Long-term and Short-term Issuer Default Ratings (IDR) at 'BBB' and 'F2', respectively. The Outlook is Stable. "The affirmation reflects Holcim's leading market positions as one of the world's largest cement producers and our expectation that its financial profile remains commensurate with its 'BBB' rating. We expect a recovery in global end-markets, particularly in developed markets, and the continued healthy, albeit slowing, growth in emer... |
Spanish watchdog includes Lafarge and Holcim in cartel proceedings15 April 2015, Published under Cement NewsSpanish competition regulator CNMC has included Lafarge and Holcim in the proceedings for alleged cartel agreements brought up against a number of sector players at the end of 2014. Additionally, the CNMC has extended the proceedings to Materiales y Hormigones and Hormibusa. The move was based on information gathered during several inspections carried out in September for alleged exchange of information, price fixing and market division practices in the cement and concrete sector. The CN... |
Future Board of Directors of LafargeHolcim nominated14 April 2015, Published under Cement NewsHolcim and Lafarge have nominated their candidates for the future Board of Directors of the combined merged company, subject to closing of the transaction. The designated Board of Directors will consist of 14 members due to be elected at the Holcim Extraordinary General Meeting on 8 May 2015. Candidates • Wolfgang Reitzle, Co-Chairman (currently Chairman of the BoD of Holcim) • Bruno Lafont, Co-Chairman (currently Chairman of the BoD and Chief Executive Officer of Lafarge) • Be... |