Cement News tagged under: LafargeHolcim

RSS feed

Lafarge suffers loss on high tax payment

15 October 2018, Published under Cement News

Lafarge Cement Zimbabwe reported a loss of ZWD1174m (US$4.9m) for 1H18 due to a significant tax settlement. In 2017, the company disclosed a contingent liability of ZWD7.9m relating to a tax assessment for the 2009-13 period. Last June the matter was heard in the courts but the judgment is yet to be handed down. Income tax payments rose ZWD2.7m from ZWD26,260 during the period under review. “The company reviewed its risk assessment of the matter and booked a tax provision towards this ca...

LafargeHolcim modernises terminal in West Virginia

04 October 2018, Published under Cement News

LafargeHolcim has completed the modernisation of its cement terminal in Weirton (WV), USA, which had previously remained inactive for 10 years. The site will now be used to store and distribute speciality well cements for the oil and gas industry in the Appalachian region, according to a press release.  "We have made a significant investment in the Weirton terminal in direct response to the growing needs of our energy industry customers. Demand for access to our oil well cement has increas...

Lafarge (Mauritius) raises price of Baobab cement

04 October 2018, Published under Cement News

The price of a 25kg bag of Baobab cement increased by MUR1-4 (US¢2.9-11.6) on 1 October 2018. Lafarge (Mauritius), which produces the cement, has reviewed the price of its Baobab range as a result of “increasing international raw material prices since the start of the year.” Bagged Baobab CEM II 42.5 now costs MUR115, up from MUR114, while Baobab Lakaz CEM II 32.5 cement is sold at MUR110/25kg bag, representing a 3.8 per cent increase from MUR106 before the price rise. However, Baobab 6 MC ...

Increase in seaborne coal and petcoke prices impact producers

28 September 2018, Published under Cement News

Seaborne thermal coal and petcoke prices rose by 16-24 per cent YoY during the 1H18 period, eroding almost four per cent of the aggregate EBITDA of LafargeHolcim and HeidelbergCement, according to a Morgan Stanley report. However, this is expected to slow or reverse into next year. Prices of seaborne thermal coal are anticipated to fall 15 per cent in 2019 compared to 1H18, with petcoke following a similar trend. This is due to lower seaborne demand from China and Japan alongside capacity ...

Fort Myers to send waste material to LafargeHolcim facility

17 September 2018, Published under Cement News

Local government in Fort Myers (FL), USA, has announced plans to send 30,000t of toxic sludge to LafargeHolcim’s quarry outside of Crystal River, according to the Citrus County Chronicle. The waste material, currently surrounded by a neighbourhood, will be moved to the quarry for pre-treatment before delivery to the company’s plant in Theodore (AL) for use in cement production.  PPM Consultants, the company hired to oversee the sludge's removal, said in a report that a five-gallon sample ...

Staying strong: the European building materials sector

07 September 2018, Published under Cement News

There are many reasons for European construction companies to be enjoying strong order books at present. Analysts at Bernstein report that most building material companies saw strong revenue growth in 1H18, particularly in the 2Q18 following the harsh winter that impacted 1Q18 results. However, the sector has seen backwards trading since the start of the year. The European construction sector has been performing well, driven by a resurgence in infrastructure spending and improved confidenc...

Lafarge Cooktown plant celebrates 50 years of production

30 August 2018, Published under Cement News

Lafarge Cement Ireland is celebrating 50 years of clinker and cement manufacturing at its Cookstown Plant.   Launched in 1968, the plant is now responsible for producing a substantial volume of cement each year, employing almost 100 staff both in Cookstown and at the business’ cement terminal in Belfast.   In 2015, the Lafarge Cement business was acquired by Aggregate Industries as part of the global merger between Lafarge and Holcim. The transition meant that, for the first time, Aggregate...

LafargeHolcim Côte d'Ivoire releases Bélier SuperBric cement

29 August 2018, Published under Cement News

LafargeHolcim Côte d'Ivoire has released a new poduct called Bélier SuperBric cement, which the company claims allows quick drying of bricks in just 24 hours. Halving the time usually required to dry bricks and with a strength of 52.5N, SuperBric is the strongest cement in the country. Laboratory tests have also found the product more economical than cement brands of 42.5N, as the cement bag can also be used. Bélier SuperBric has also been introduced on the occasion of LafargeHolcim Côt...

Southeast Asia producers line up for LafargeHolcim Indonesia sale

17 August 2018, Published under Cement News

The sale of LafargeHolcim's Indonesian unit has attracted the interest of several potential buyers in the region, including Japan's Taiheiyo Cement Corp, Malaysia's YTL Corp and PT Semen Indonesia, Bloomberg reports, citing unnamed sources. HeidelbergCement's Asian unit PT Indocement Tunggal Prakarsa is also considering a bid, Bloomberg reports. Negotiations are still at an early stage and LafargeHolcim could seek as much as US$2bn for the unit, Bloomberg says. LafargeHolcim owns 80.6 ...

Aceh's coastline damaged by PT Lafarge Cement Indonesia's coal spill

07 August 2018, Published under Cement News

PT Lafarge Cement Indonesia, (LafargeHolcim) is likely to face a hefty environmental clear up bill after a barge spilt 700t of coal off the Sumatra coast, polluting beaches, damaging coral and impacting marine life. The incident occurred on July 30, when the barge, reportedly carrying coal to the Aceh cement factory,  was hit by high waves just 100m (330ft) off Lampuuk Beach in Aceh Besar district, on the northern tip of Sumatra.

"The coal spill has damaged corals, affected the marine life...