Cement News tagged under: LafargeHolcim

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LafargeHolcim implements coronavirus action plan

27 March 2020, Published under Cement News

LafargeHolcim has announced the implementation of its action plan regarding the coronavirus pandemic, stating that it is closely monitoring all markets and the guidance provided by the authorities in each country. "In China, the recovery of the construction sector has started and all our plants outside of Hubei Province are operating. We forecast the market demand to further recover and to supply 70 per cent of last year’s volume in April 2020. In most of the other key markets, the constr...

Cement industry and the COVID-19 crisis

20 March 2020, Published under Cement News

This week has seen growing action and concern from the construction and cement sectors on how best to fight off the coronavirus (COVID-19), which was declared a pandemic on 11 March, to keep businesses running and employees safe. Many countries have already announced emergency financial packages and stimulus measures to support businesses and protect livelihoods, as countries impose social distancing measures and quarantine measures to slow the virus. The latest reports reveal that buildi...

KHD signs EP contract with India's ACC

19 March 2020, Published under Cement News

Regional subsidiaries of KHD Humboldt Wedag have signed an EP contract with India's ACC Ltd (LafargeHolcim) for the engineering, supply of equipment and supervisory services related to the erection and commissioning of a raw meal grinding unit and a pyroprocessing line. The EUR35m contract package also includes the supply and installation of the electrical and instrumentation equipment for an entire cement plant. The contracts are expected to be booked as order intake as soon as the condi...

LafargeHolcim Bangladesh profits grow in 2019

09 March 2020, Published under Cement News

LafargeHolcim Bangladesh has posted profit after tax of BDT1.737bn (US$16.24m) in 2019 as compared to BDT1.115bn in 2018.  This represents a growth of 56 per cent in profit after tax YoY, says the cpmany. The company recorded a growth of seven per cent in sales during 2019, which rose to BDT17.840bn from BDT16.632bn during this period. The company also declared 10 per cent cash dividend for 2019, which is the same as in the previous four years, as the cement maker continues to hold steady ...

Holcim El Salvador sets record production figures in 2019

06 March 2020, Published under Cement News

Holcim El Salvador produced over 1.2Mt of cement and 710,000Mm 3 of concrete in 2019, representing record production figures, and plans to maintain this positive performance in 2020. The company also co-processed around 26,000t of waste in 2019, up from 20,000t in the previous year. Elsewhere, Holcim is also considering reopening its Maya cement plant, which was closed in 2008 due to low domestic demand. These plans would require an investment of US$20m. In the meantime, the company is ...

Lafarge Zimbabwe appoints new Chief Executive

04 March 2020, Published under Cement News

Lafarge Zimbabwe (LafargeHolcim group) has appointed Precious Murena-Nyika as its new chief executive. Siame Kaulule, who previously held the position, left in January 2020 to take up a new position for the company in South Africa. "Precious Murena-Nyika was yesterday confirmed as the new Lafarge Zimbabwe CE. The announcement was done by Lafarge East and Southern Africa area manager Pierre Deleplanque, who is in the country. Her appointment came at a time there have been calls to have a loc...

US cement market boosted FY19 financial results

28 February 2020, Published under Cement News

This week, several leading cement producers reported on their FY19 business results. ICR has taken a look at the results of HeidelbergCement, LafargeHolcim, Dangote Cement, Vicat and Argos to see what regional patterns can be discerned from the recent results of these industry players. In terms of cement sales volumes (see Table 1), growth was limited to less than one per cent in 2019. Argos saw the largest advance at 0.7 per cent, but LafargeHolcim was well behind the other producers with...

LafargeHolcim's FY19 net sales total CHF26.7bn

27 February 2020, Published under Cement News

LafargeHolcim's reported that its FY19 net sales reached CHF26.72bn (US$27.49bn), up 3.1 per cent on a like-for-like basis compared to the prior year, driven by good growth in Europe and North America, good price dynamics across all business segments and higher prices in most markets. Recurring EBITDA amounted to CHF6,153m, up 6.5 per cent like-for-like for the full year, driven by good pricing, improvement in efficiencies and the company's Strategy 2022 'Building for Growth'. Record...

Indian cement producers expect higher-sulphur petcoke import in 2020

20 February 2020, Published under Cement News

India’s cement sector is expected to increase its imports of high-sulphur petcoke in 2020 as it aims to boost production, according to company executives. Indian use of petcoke as an alternative to coal for the cement industry rose marginally in 2019 after a first-time decline in nearly a decade in 2018. Sanjay Kumar, strategic sourcing director at LafargeHolcim Energy Solutions, said he saw "higher imports of petcoke in 2020". Yagyesh Gupta, chief procurement officer at JK Cement, also s...

LafargeHolcim CEO endorses worldwide initiative to promote human rights

20 February 2020, Published under Cement News

LafargeHolcim CEO, Jan Jenisch, has joined today the Call to Action for Business Leadership on Human Rights by the World Business Council for Sustainable Development (WBCSD).  Leaders who join the initiative commit to making human rights more than just a risk and compliance issue for their companies – they will actively promote them as part of their company's commitment to social responsibility. "I hope that by giving my personal commitment to this Call to Action we can highlight the i...