Cement News tagged under: LafargeHolcim

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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 ...

Ambuja Cements seeks production start from 20 April

20 April 2020, Published under Cement News

LafargeHolcim subsidiary Ambuja Cements plans to start production in phases at its plants across India from 20 April and is seeking government approval. The company had suspended operations on 23 March due to the coronavirus pandemic. The company is taking steps to adhere to the standard operating procedure for social distancing mandated by the government in the new guidelines issued by the government on 15 April, it said in a regulatory filing. "The company is seeking necessary permissio...

LafargeHolcim to propose new board members at AGM

17 April 2020, Published under Cement News

LafargeHolcim is expected to request shareholder approval for two new board members at its annual general meeting on 12 May 2020. Dr Philippe Block and Kim Fausing would add experience from academia and the building industry, according to a press release. Dr Block has served on the Academic Committee of the LafargeHolcim Foundation for Sustainable Construction since 2014. Mr Fausing is the president and CEO of the Danish Danfoss Group. Aside from Paul Desmarais Jr, all other existing boar...

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...