Cement News tagged under: LafargeHolcim
LafargeHolcim Paulding harnesses wind power08 November 2018, Published under Cement NewsLafargeHolcim'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 NewsLafargeHolcim 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 exports24 October 2018, Published under Cement NewsGICA, 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 payment15 October 2018, Published under Cement NewsLafarge 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 Virginia04 October 2018, Published under Cement NewsLafargeHolcim 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 cement04 October 2018, Published under Cement NewsThe 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 producers28 September 2018, Published under Cement NewsSeaborne 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 ... |
Fort Myers to send waste material to LafargeHolcim facility17 September 2018, Published under Cement NewsLocal government in Fort Myers (FL), USA, has announced plans to send 30,000t of toxic sludge to LafargeHolcim’s quarry outside of Crystal River, according to the Citrus County Chronicle. The waste material, currently surrounded by a neighbourhood, will be moved to the quarry for pre-treatment before delivery to the company’s plant in Theodore (AL) for use in cement production. PPM Consultants, the company hired to oversee the sludge's removal, said in a report that a five-gallon sample ... |
Staying strong: the European building materials sector07 September 2018, Published under Cement NewsThere are many reasons for European construction companies to be enjoying strong order books at present. Analysts at Bernstein report that most building material companies saw strong revenue growth in 1H18, particularly in the 2Q18 following the harsh winter that impacted 1Q18 results. However, the sector has seen backwards trading since the start of the year. The European construction sector has been performing well, driven by a resurgence in infrastructure spending and improved confidenc... |
Lafarge Cooktown plant celebrates 50 years of production30 August 2018, Published under Cement NewsLafarge Cement Ireland is celebrating 50 years of clinker and cement manufacturing at its Cookstown Plant. Launched in 1968, the plant is now responsible for producing a substantial volume of cement each year, employing almost 100 staff both in Cookstown and at the business’ cement terminal in Belfast. In 2015, the Lafarge Cement business was acquired by Aggregate Industries as part of the global merger between Lafarge and Holcim. The transition meant that, for the first time, Aggregate... |