Cement News tagged under: LafargeHolcim

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Ambuja Cement announces greenfield investment and CEO resignation

13 December 2018, Published under Cement News

The Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India.

 The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additional cement grinding capacity of 1.8Mt and a captive power plan and waste heat recovery system at Ma...

LafargeHolcim Guinea orders mobile grinding plant

11 December 2018, Published under Cement News

CBMI has signed an EPC contract to build a modular mobile grinding plant for LafargeHolcim Ciments de Guinea. The grinding plant will be located at Dubréka town, 80km from the port of Conakry. LafargeHolcim Ciments de Guinea currently has a 70 per cent share of the local market in Guinea.

Sludge will no longer be moved to Alabama plant

07 December 2018, Published under Cement News

After receiving sludge from a site in Fort Myers, Florida, LafargeHolcim's Geocycle has determined that the material will not be suitable for its purposes at its Alabama facility due to the length of time required for transportation.  "Last week, water treatment material from Fort Myers was trucked to the Holcim Theodore plant in Alabama to evaluate how to best handle and use. We determined that, at this point-in-time, this material doesn't fit our process requirements. The city's timeline...

GBL's Albert Frère dies at 92

06 December 2018, Published under Cement News

Belgian investor Albert Frère has died at the age of 92, according to his investment company Groupe Bruxelles Lambert (GBL). Mr Frère, who had a private fortune estimated at around EUR6bn, supported major mergers and acquisitions such as the merger of Lafarge and Holcim into LafargeHolcim in 2015. "For more than three decades, GBL has developed under his leadership into one of the largest holdings in Europe," says the GBL. "His professional and human qualities have had a strong impact on o...

LafargeHolcim Bangladesh amalgamates subsidiary

06 December 2018, Published under Cement News

LafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside...

François Petry new director of LafargeHolcim Belgium & France

04 December 2018, Published under Cement News

François Petry was appointed by LafargeHolcim as the new director for France and Belgium, succeeding Bénédicte de Bonnechose. Mr Petry joined Holcim France in 2008, when he was appointed general manager of the company’s aggregates business. In 2013 he left to head Holcim Group’s subsidiary in Romania and this was followed by a position in the UK where he served as general manager of Aggregates Industries UK.

Holcim Philippines to raise capacity to 13Mta by 2020

03 December 2018, Published under Cement News

Holcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company believes in the sustained development of the Philippines. This investment is proof of our confidence...

Semen Indonesia mandates 5 banks for US$1.3bn bridge loan

03 December 2018, Published under Cement News

Semen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L...

LafargeHolcim's Capital Markets Day 2018

29 November 2018, Published under Cement News

LafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with our SG&A savings programme. With the recent divestment of our Indonesia operations we reached a major...

LafargeHolcim to co-process contaminated lime sludge at Theodore plant

29 November 2018, Published under Cement News

Some 30,000t of arsenic-contaminated lime sludge will be removed from Dunbar, West Virginia, USA, and taken to the LafargeHolcim cement plant in Theodore, Alabama, for co-processing into cement. The sludge had been dumped in the area in the 1960s and earlier plans to ship it to Citrus County first met with resistance from local officials.