Cement News tagged under: LafargeHolcim

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LafargeHolcim makes Greek acquisitions

05 May 2021, Published under Cement News

Greece-based Heracles Group (LafargeHolcim) has signed an agreement with HeidelbergCement’s Halyps subsidiary, which will see Heracles acquire its aggregates business and two ready-mix concrete plants in Athens, Greece. The acquisition will strengthen the company’s position to support Athens’ thriving metropolitan area and key infrastructure projects with sustainable building solutions, according to a press release. This is LafargeHolcim’s fifth bolt-on acquisition in 2021. "I am excited ...

LafargeHolcim reaches settlement with NY state

04 May 2021, Published under Cement News

LafargeHolcim has reached a settlement after resolving alleged environmental violations at its Ravena cement plant in New York, USA. The company will therefore pay an US$850,000 civic penalty, half of which will go to the New York state, and includes US$212,000 for a local project that would reduce pollution in the Hudson River. The company will also be required to comply with its water pollution control permit, implement updated water pollution best practices, submit a revised solid wast...

Holcim Philippines reports 81% rise in net income

27 April 2021, Published under Cement News

Holcim Philippines reported an 81 per cent rise in net income to PHP909.35m (US$18.79m) in the first quarter of 2021, compared to PHP501.54m in the year-ago period. However, revenues declined six per cent YoY to PHP6.81bn from PHP7.27bn in the 1Q20. "We delivered an excellent performance in the first quarter due to our sustained focus on Health, Cost, and Cash," said Horia Adrian, president of Holcim Philippines. The company has also announced the temporary suspension of operations a...

Heracles Cement launches Improved ECOPact concretes

27 April 2021, Published under Cement News

Heracles Group (Lafargeholcim) has released a new series of ECOPact concretes, adding to its 'green' product portfolio. This is the first series of concrete in the Greek market with low-carbon footprint, claims Heracles Cement. Based on an improved composition of CEM II 32.5 N cement , which bears the 'green' ECO mark of LafargeHolcim, the ECOPact concrete series is distinguished for improved sustainability performance, as it is produced with 30 per cent lower CO emissions compared to tra...

LafargeHolcim reports outstanding 1Q21 results in Asia Pacific

26 April 2021, Published under Cement News

LafaregHolcim's Asia Pacific division recorded strong cement sales of 18.9Mt, and increase of 19.6 per cent from 15.8Mt in the 1Q20. Aggregate sales also rose to 7.6Mt, up 35.4 per cent on the 5.6Mt recorded in the 1Q20. Ready-mix concrete sales totalled 2Mm 3 , down 5.8 per cent from 2.1Mm 3 in the 1Q20. "The Asia Pacific region showed record performance with strong growth in cement volumes. India’s outstanding performance was supported by excellent volumes as well as effective price an...

LafargeHolcim improves its sustainability performance and ESG rating

26 April 2021, Published under Cement News

LafargeHolcim announced that its sustainability achievements in 2021 were ranked ranked first in its sector by Vigeo Eiris, giving the company its highest rating of A1 + . LafargeHolcim was also named best in its sector in terms of transitioning to a low-carbon economy. This rating places LafargeHolcim within the top two per cent of companies ranked worldwide.   The Solar Impulse Foundation endorsed 10 LafargeHolcim green building solutions. The labelled solutions contributed to the Solar...

The search is on for new investors in Brazil's cement sector

23 April 2021, Published under Cement News

Brazil's cement market has been the focus of much attention in recent weeks firstly, with the completion of the CRH cement assets in the country to Companhia Nacional de Cimento (CNC), and more recently the unconfirmed reports that Banco Itau BBA is preparing to advise on the divestment of LafargeHolcim's Brazilian unit.  The sale of the Swiss multinational's cement interests in Brazil is expected to raise up to US$1.5bn, according to analysts  UBS European Building Materials . These fund...

LafargeHolcim sees net sales rise 7% in 1Q21

23 April 2021, Published under Cement News

LafargeHolcim recorded a record start to 2021, led by net sales improving by 7.4 per cent and an increase in recurring EBIT of 130.7 per cent compared to the prior year period, both on a like-for-like basis. Cement volumes grew by 5.6 per cent for the group and ready-mix concrete volumes increased by 2.2 per cent, while aggregates volumes decreased by four per cent, all on a like-for-like basis.   Cement sales totalled 47.3Mt compared to 44.9 per cent in the 1Q20. Aggregate sales tota...

LafargeHolcim looks to divest Brazilian assets

22 April 2021, Published under Cement News

LafargeHolcim is reportedly exploring the sale of its Brazilian unit, which consists of 12 plants, according to people close to the matter. The company has hired Banco Itau BBA to advise on the potential divestment, which could bring in as much as US$1.5bn. The divestment could be made to one buyer or assets could be split.  Under CEO Jan Jenisch, the company has been selling off assets that do not contribute to core operations as the company seeks to reduce debt levels. Earlier sell-off...

Holcim Mexico to launch eco-labels

22 April 2021, Published under Cement News

Holcim México has launched new eco-labels, EcoEtiquetas, to improve customer communication and make the environmental benefits of its products and construction solutions more transparent. The labels will be used for all products that meet sustainability criteria, including smaller CO2 footprints and the use of recycled materials. In Mexico this includes cements branded as Apasco, Maestro and Supra Cemento as well as Supra Mortero mortar. “This is one more step on our way to become a Net ...