Cement News tagged under: LafargeHolcim

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LafargeHolcim obtains SBTi validation for its CO2 reduction targets

20 December 2019, Published under Cement News

The Science-Based Targets initiative (SBTi) has validated LafargeHolcim's targets to reduce its global carbon emissions. According to SBTi, LafargeHolcim’s targets are adequate and consistent with the global effort to keep temperatures below the '2°C' threshold as agreed at the COP21 world climate conference in Paris. The SBTi has approved LafargeHolcim’s commitment to reduce scope 1 GHG emissions by 10 per cent per tonne of cementitious materials by 2030 from a 2018 base year. LafargeHol...

Closing in on Canada’s carbon

02 December 2019, Published under Cement News

Canada has a well-established cement market and is home to several leading multinationals who dominate the sector. The main concerns of the industry are becoming more focussed on stricter environmental compliance with CO 2 taxes being implemented and more efficient grinding to improve plant performance. Canadian cement consumption is forecast to reach 9.4Mt in 2019 and is particularly high in metropolitan areas such as Edmonton, Alberta The recent Canadian elections on 21 Oc...

LafargeHolcim plans EUR10m investment in Kujawy

27 November 2019, Published under Cement News

LafargeHolcim will be investing EUR10m in its Kujawy cement plant in Poland. The company will be launched a new product on the market as well as increase the use of alternative fuels (AFs) at the works. At present Cementownia Kujawy’s AF rate is between 80-85 per cent, or around 190,000t, but Lafarge plans to increase this to 90 per cent by 2021. To date Lafarge has invested around EUR100m in the Kujawy cement works, which produces approximately 2Mta of cement.

Construction on Holcim Hagerstown solar project expected to begin before end 2019

07 November 2019, Published under Cement News

Construction on the 10MW solar project for LafargeHolcim-owned Holcim US Inc’s Hagerstown plant could commence before the end of the year, according to a project official. The Washington County Planning Commission approved the site plan, giving staff the authority to grant final approval once the last agency review is obtained. Pending final permit approvals, work is expected to start before the end of the year, according to Tom Dodson, CEO of i1Energy, the project’s general contractor. ...

No large acquisitions for LafargeHolcim

29 October 2019, Published under Cement News

LafargeHolcim does not expect to be bidding for BASF’s construction chemicals business, according to CEO, Jan Jenisch. Following the divestment of some of its businesses and using the proceeds to pay down debt, the cement producer is more likely to look at smaller transactions and investment in its existing operations, Mr Jenisch said. "It's not like we have a couple of billions we want to throw at anyone. We are quite happy to have this new solid balance sheet, and have no plans to go ba...


28 October 2019, Published under Cement News

Votorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels. Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding ...

LafargeHolcim reports positive 9M19 results

25 October 2019, Published under Cement News

LafargeHolcim has reported net sales of CHF20.2bn (US$20.36bn) in the 9M19, representing a 2.1 per cent fall YoY, or a four per cent increase on a like-for-like (LfL) basis. Recurring EBITDA (pre-IFRS16) rose to CHF4.543bn from CHF4.351bn in the year-ago period. Cement sales reached 156.4Mt in the first nine months of 2019, a modest climb of 0.7 per cent on a LfL basis. Net sales for the segment finished at CHF13.294bn from CHF13.573bn in the 9M18, while recurring EBITDA (pre-IFRS16) advan...

Bamburi Cement acts to protect market share

24 October 2019, Published under Cement News

Kenyan cement production capacity is now estimated at 12Mt, according to industry leaders, while annual demand ranges between 5-6Mta. Cement prices are below levels recorded more than a decade ago, yet power prices have either climbed or remained flat. However, it has not stopped Bamburi Cement from trying to expand. Bamburi Cement (LafargeHolcim group) unveiled a KES3.5bn (US$33.9m) grinding plant at its Athi River facility in 2018 among other capacity enhancements, said managing dir...

Ambuja Cement sees 1% rise in net sales for 3Q19

23 October 2019, Published under Cement News

India’s Ambuja Cement (LafargeHolcim) reported a modest decline in standalone sales volumes to 5.23Mt in the 3Q19, compared with 5.456Mt in the year-ago period. However, net sales climbed 1.3 per cent YoY to INR25.56bn (US$360.48m) and EBITDA advanced 22.9 per cent to INR4.4bn. Profit after tax increased 31.3 per cent to INR2.35bn from INR1.79bn. "In the backdrop of general slowdown in economy and subdued construction activity, Ambuja has delivered yet another quarter of good EBITDA and ...

Cementarna Trbovlje seeks to resume operations

21 October 2019, Published under Cement News

Slovenia’s Cementarna Trbovlje (LafargeHolcim) has requested an environmental permit from the country’s authorities to resume cement grinding, storage and dispatch, according to Delo. The company lost its environmental permit in 2014 and halted operations in February 2015. As the plant is not expected to produce raw materials, it will buy them alongside cement additives. The producer was once the second-largest on the domestic market with a capacity of 0.52Mta.