Cement News tagged under: LafargeHolcim

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PT Semen Indonesia tightens grip on domestic market

19 November 2018, Published under Cement News

This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug...

Semen Indonesia to buy LafargeHolcim’s Indonesian unit

13 November 2018, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent shareholding in Holcim Indonesia. The transaction will merge the operations of Indonesia's largest and third-largest players, representing a significant consolidation in the industry. PT Semen Indonesia currently holds 40.8 per cent of the market while PT Holcim Indonesia has a market share of 14.6 per cent. The deal ...

ACC adopts solar power for Kudithini and Thondebhavi grinding mills

08 November 2018, Published under Cement News

ACC Ltd (LafargeHolcim group) has adopted the use of solar power in the cement manufacturing process at its grinding units in Kudithini and Thondebhavi in Karnataka. The intent is to use about 30MW of solar power at these plants, which will meet over half its annual power requirement – an estimated 45m units of solar power annually. Switching to solar power will reduce CO 2 emissions by 38,000t every year, the equivalent of planting 45,000 trees yearly. An assessment conducted by the Solar...

LafargeHolcim Paulding harnesses wind power

08 November 2018, Published under Cement News

LafargeHolcim's Paulding plant has become the group's first cement plant in North America to harness wind power. "Distributed wind energy is a first for LafargeHolcim in North America and something we're excited to leverage," said Jamie M Gentoso, CEO of US Cement operations. "The Paulding cement plant has been an anchor of this region for decades, producing high-quality cement and mineral components for our nation’s highways, roads, airports and national landmarks. Investing in new ways to...

LafargeHolcim 3Q18 sales grow by 5.8%

26 October 2018, Published under Cement News

LafargeHolcim reports that its 3Q18 results saw like-for-like net sales grow by 5.8 per cent and by 5.1 per cent in the first nine months of 2018 compared to the prior-year period. Growth was driven by increased demand as well as sales price increases. Recurring EBITDA grew over-proportionally by a very strong 8.1 percent in 3Q18 compared to 3Q17. Steep cost inflation in energy and logistics was more than offset by the company’s volume growth as well as the effectiveness of its pricing and...

Algeria steps up exports

24 October 2018, Published under Cement News

GICA, LafargeHolcim and Biskria are expected to export 0.5Mta of cement and clinker from Algeria by the end of 2018 – mainly via the port of Djendjen, according to Abdesselem Bouab, general manager of the port. Since May, GICA has completed three export deliveries for a total of 110,000t of cement. The company’s total contract totals 200,000t and represents a value of over US$4m. In the near future, GICA is planning up to 2Mt. LafargeHolcim exported 100,000t of clinker and 16,700t of cem...

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 ...