Cement News tagged under: LafargeHolcim

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Preparing for a financial crisis

30 June 2020, Published under Cement News

Dr Michael Clark looks at how the global health emergency of the COVID-19 pandemic is expected develop into a financial crisis, and the potential impacts of this for the cement industry. By looking back over the past 30 years, we can see the effects the Asian financial crisis and the global financial crisis had on the sector. With this in mind, what can we expect in the near future? The Asian financial crisis originated in Thailand and was fuelled by credit extensions made to suppo...

LafargeHolcim's Mannersdorf plant set for carbon capture project

29 June 2020, Published under Cement News

Austria’s energy and petrochemicals company OMV and polymers firm Borealis have signed a memorandum of understanding with Verbund and LafargeHolcim to jointly develop the “Carbon2ProductAustria” (C2PAT) project, which aims to capture almost 100 per cent of the 700,000tpa of CO 2 emitted from LafargeHolcim’s cement plant in Mannersdorf. The CO 2 is expected to be transformed to renewable-based hydrocarbons, which in turn can be used to produce fuel or a feedstock to manufacture value-add...

RHI Magnesita launches new brick at Mannersdorf plant

23 June 2020, Published under Cement News

RHI Magnesita’s new ANKRAL LC series of refractory bricks has had its first usage in a pilot project at LafargeHolcim’s Mannersdorf facility in Austria. The bricks reuse secondary recycled materials from rotary cement kilns, without compromising the technical requirements and specifications required from the material. The materials were previously considered unsuitable for further use in the production process of magnesite bricks, because in most cases they contain a high amount of infilt...

LafargeHolcim, GE Renewable Energy, COBOD develop wind turbine towers with 3D-printed concrete bases

18 June 2020, Published under Cement News

GE Renewable Energy, COBOD and LafargeHolcim announced today that they will partner to co-develop wind turbines with optimised 3D-printed concrete bases, reaching record heights up to 200m. The three partners will undertake a multi-year collaboration to develop this solution, which will increase renewable energy production while lowering the levelised cost of energy (LCOE) and optimising construction costs. The partners will ultimately produce a wind turbine prototype with a printed pedest...

Fire at Mannersdorf cement works

09 June 2020, Published under Cement News

A fire broke out at Lafarge Zementwerke’s Mannersdorf cement plant in Austria at around 19h on Sunday, 7 June 2020. According to the company, the starting point was the fuel store and the fire spread to a conveyor system. However, the cause of the fire is not yet known. Five people were working at the 1.1Mta plant, the largest in Austria, at the time and all were brought to safety. By 20.30h the fire had been brought under control and despite considerable damage, production in the plant re...

LafargeHolcim secures top spot in sector for Sustainalytics' ESG ratings

27 May 2020, Published under Cement News

Sustainalytics, a global leader in environmental, social and governance risks (ESG) and Corporate Governance research and ratings, published its latest LafargeHolcim ESG Risk Rating. Of all 101 construction materials companies analysed, LafargeHolcim rated first. The company was also in the top 20 per cent of all 12,000 companies assessed across all sectors.   Magali Anderson, chief sustainability officer: "We are very proud of this industry-leading ESG ranking. It positions LafargeHolcim as...

LafargeHolcim's CEO targets low-carbon and sustainable recovery

20 May 2020, Published under Cement News

LafargeHolcim's CEO, Jan Jenisch, has updated customers on the company's low-carbon cement initiatives and preparing for the gradual pick-up in business as the world tries to recover from the COVID-19 pandemic. "As markets are gradually reopening around the world, we are ramping up our production to best support our customers and help the world economy recover as quickly as possible," said Mr Jenisch. We are doing this by putting sustainable construction at the heart of the recovery. "Buil...

LafargeHolcim propose dividened and re-elect board members at AGM

13 May 2020, Published under Cement News

LafargeHolcim shareholders confirmed the proposed distribution of a dividend of CHF2.00 per registered share (US$2.06/registered share) of LafargeHolcim Ltd from capital contribution reserves. The dividend is not subject to Swiss withholding tax.   The Annual General Meeting confirmed Beat Hess as chairman of the company’s Board of Directors. Except for Paul Desmarais Jr, who did not stand for re-election, all other existing members of the Board were confirmed in office. On behalf of the Boa...

San Miguel Corp sale transaction lapses

11 May 2020, Published under Cement News

In May 2019 LafargeHolcim signed an agreement with San Miguel Corp for the sale of its entire 85.7 per cent shareholding in Holcim Philippines Inc, subject approvals, including those required by the Philippines Competition Authority (PCC).   The PCC did not issue an approval of the transaction within the required time period and consequently the agreement lapsed.   With today's unprecedented COVID-19 crisis, Holcim Philippines' number-one priority is to protect the health of its people while...

LafargeHolcim's net sales fall to CHF5.293bn in 1Q20

01 May 2020, Published under Cement News

LafargeHolcim announced its 1Q20 results with net sales reaching CHF5.293bn (US$5.4bn), down 11.2 per cent from CHF5959m in the 1Q19. Recurring EBIT totalled CHF262m in the 1Q20, represening a decline of 14.1 per cent from CHF305m in the 1Q19. Jan Jenisch, LafargeHolcim CEO, said: "The company had a strong start to the year as 1Q20 performance remained well ahead of last year’s results until Mid-March, when the impact of COVID-19 spread beyond China into all business regions. Nevertheless ...