Cement News tagged under: LafargeHolcim
LafargeHolcim Bangladesh amalgamates subsidiary06 December 2018, Published under Cement NewsLafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside... |
François Petry new director of LafargeHolcim Belgium & France04 December 2018, Published under Cement NewsFrançois Petry was appointed by LafargeHolcim as the new director for France and Belgium, succeeding Bénédicte de Bonnechose. Mr Petry joined Holcim France in 2008, when he was appointed general manager of the company’s aggregates business. In 2013 he left to head Holcim Group’s subsidiary in Romania and this was followed by a position in the UK where he served as general manager of Aggregates Industries UK. |
Holcim Philippines to raise capacity to 13Mta by 202003 December 2018, Published under Cement NewsHolcim Philippines (LafargeHolcim group) is investing US$300m to raise its cement capacity in the country by 30 per cent to 13Mta by 2020. Holcim Philippines informed the Philippine stock exchange that will upgrade its facilities in Bulacan and Misamis Oriental with the installation of new and efficient kilns and mills and waste heat recovery systems as part of its cost focus. "Our company believes in the sustained development of the Philippines. This investment is proof of our confidence... |
Semen Indonesia mandates 5 banks for US$1.3bn bridge loan03 December 2018, Published under Cement NewsSemen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L... |
LafargeHolcim's Capital Markets Day 201829 November 2018, Published under Cement NewsLafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with our SG&A savings programme. With the recent divestment of our Indonesia operations we reached a major... |
LafargeHolcim to co-process contaminated lime sludge at Theodore plant29 November 2018, Published under Cement NewsSome 30,000t of arsenic-contaminated lime sludge will be removed from Dunbar, West Virginia, USA, and taken to the LafargeHolcim cement plant in Theodore, Alabama, for co-processing into cement. The sludge had been dumped in the area in the 1960s and earlier plans to ship it to Citrus County first met with resistance from local officials. |
Mario Gross steps down as CEO of Lafarge Malaysia20 November 2018, Published under Cement NewsMario Gross of Lafarge Malaysia stepped down from his role as president and CEO of the company on Friday, after seven months in the position. Mr Gross has been assigned to a new role in the LafargeHolcim group but will also continue as a non-independent non-executive director from 16 November to 31 December this year to facilitate the transition. "During his tenure here, Gross laid the groundwork for the business turnaround plan, putting in place an experienced leadership team and strengt... |
PT Semen Indonesia tightens grip on domestic market19 November 2018, Published under Cement NewsThis 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 unit13 November 2018, Published under Cement NewsIndonesia'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 mills08 November 2018, Published under Cement NewsACC 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... |