Cement News tagged under: LafargeHolcim

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HeidelbergCement attracted to possible LafargeHolcim Indonesia sell-off

02 August 2018, Published under Cement News

HeidelbergCement could buy parts of LafargeHolcim's business in Indonesia that is up for sale, says HeidelbergCement CEO, Dr Bernd Scheifele. LafargeHolcim is planning to raise around CHF2bn (US$2.02bn) from selling assets as it reduces its operations, with speculation that its business in Indonesia could be among the candidates for sale, claims Reuters. "LafargeHolcim is in the market regarding the sale of its entire Indonesia business. In principle we always look at such topics... but it...

LafargeHolcim's 2Q18 revenues rise by 6.2%

27 July 2018, Published under Cement News

LafargeHolcim's revenue grew 6.2 per cent in the 2Q18, with total net sales of CHF7442m (US$7468m). For the first six months net sales grew 4.8 per cent on a like-for-like basis. Over the first six months, recurring EBITDA was down -1.4 per cent on a like-for-like basis but earnings increased in the second quarter, with recurring EBITDA up by 1.5 per cent, largely offsetting a soft first quarter. Jan Jenisch, CEO of LafargeHolcim, said: "I am very satisfied with the sales growth we ...

LafargeHolcim Côte d’Ivoire launches high-strength cement

23 July 2018, Published under Cement News

LafargeHolcim Côte d’Ivoire has launched a new grey cement, Ciment Bélier SuperBéton, developed for heavy prefabrication and very high performance concretes. The new cement goes beyond the regular 42,5N strength, up to 52,5N. The new cement, designed by LafargeHolcim Côte d’Ivoire’s Cement Applications Laboratory, has an increased compatibility with various types of admixtures, including set retarders, plasticisers and hardening accelerators. Its use reduce the rate of breakage and increas...

Nigeria's cement market shows no let-up

23 July 2018, Published under Cement News

Nigeria is pushing its production full-throttle as cement demand begins to race ahead. Dangote Cement is revelling in high 1H18 sales volumes and competing cement companies are building new capacities to increase their market share. "Our first-half performance was very strong and driven by an excellent recovery in Nigeria, where our sales volumes increased by nearly 14 per cent and revenues by more than 18 per cent," said Joe Makoju, Dangote's Group CEO. Dangote Cement's total sales...

HeidelbergCement Bangladesh to acquire Meghna Energy

19 July 2018, Published under Cement News

The Board of Directors of the HeidelbergCement Bangladesh Ltd has approved the draft scheme of amalgamation of the Meghna Energy Ltd with the HeidelbergCement Bangladesh Ltd subject to sanction by the High Court Division of the Supreme Court of Bangladesh and approval of the same by the members of the Company and Meghna Energy Ltd. HeidelbergCement Bangladesh Ltd will acquire 4,056,457 shares (99.99 per cent) in Meghna Energy at an estimated consideration of BDT910m (US$10.77m). Out of whi...

LafargeHolcim France invests EUR3.5m in Dunkerque Nord grinding unit

18 July 2018, Published under Cement News

LafargeHolcim France is installing a new blending facility at its Dunkerque Nord grinding plant to increase the unit’s capacity. With equipment supplied by Wamservira will enable the grinding plant to produce low-carbon cement. The EUR3.5m investment is located in the heart of the Port of Dunkerque on a 2.5ha site. Work started on 26 May with the construction of the foundations. The dosing equipment, mixers and silos will be installed before commissioning in early 2019. "With a st...

LafargeHolcim on track to open new Cimencam plant in early 2019

13 July 2018, Published under Cement News

Construction on the new Cimencam plant in Nomayos, Cameroon, is progressing well and the 0.5Mta works is on track for commissioning in early 2019, according to reports by Ecofin Agency. "In terms of investments, I think Nomayos is the most important. When we go to Nomayos today, there are almost 200 people working, some Chinese and many Cameroonians. The civil engineering is well advanced, a new crusher is on the site. In less than a year, Nomayos will produce,” says Pierre Damnon, former...

Lafarge Malaysia MYR270m ECRL contract suspended

13 July 2018, Published under Cement News

Lafarge Malaysia Bhd MYR270m (US$66.7m) contract to supply cement to the East Coast Rail Link (ECRL) project has been suspended. The cement producer said that China Communications Constructions (ECRL) Sdn Bhd (CCC), the main contractor to the project, has suspended the contract as the government is currently reviewing the project. LafargeHolcim’s wholly-owned subsidiary had signed an agreement with CCC to supply cement to all eight work packages for the rail link. The contract was due...

LafargeHolcim reviewing sale of Indonesian assets

06 July 2018, Published under Cement News

LafargeHolcim (Switzerland) is considering the sale of its Indonesian subsidiary, Holcim Indonesia, for a total consideration of US$2bn, according to Bloomberg and local reports.   The Indonesian cement market has suffered from overcapacity and price pressure in recent years, placing pressure on profit margins. Nevertheless, the long-term potential of the market and Holcim Indonesia’s strong market position make this a significant and surprising move.   Potential buyers include China’s major...

LafargeHolcim wins contract from Highways England

06 July 2018, Published under Cement News

LafargeHolcim has won a GBP500m (US$661m) contract from Highways England to supply cement bound works and asphalt over the next four years for a regional investment programme, according to the producer. The company's UK subsidiary, Aggregate Industries, will supply the materials for the project. Aggregate Industries had already been chosen to provide surfacing work for the country’s largest road improvement project earlier this year.