Cement News tagged under: LafargeHolcim

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Nigeria: Lafarge Africa refinances with five-year bonds

23 September 2016, Published under Cement News

Lafarge Africa (LafargeHolcim Group) has raised NGN60bn (US$184m) by issuing three and five-year bonds through book building. The cement producer issued a three-year bond at 14.25 per cent to raise NGN26.38bn and sold a five-year bond at 14.75 per cent to raise NGN33.62bn, it said in a statement. Previously, in April, Lafarge Africa reported that it would refinance some dollar-denominated debt at subsidiary United Company of Nigeria (UNICEM), which it bought a year ago. The refinancing wou...

LafargeHolcim to consider pulling out of more markets

19 September 2016, Published under Cement News

LafargeHolcim is muling over the option to withdraw from several markets to make last year's merger a success, chairman Beat Hess told weekly Sonntagszeitung. "We will be present in less countries for sure," Hess was quoted as saying. The sale of operations in several countries was an option, he said. While the new company generates 80 per cent of its operational earnings before taxes, depreciation and amortisation in 25 countries, Mr Hess added that there was "much potential for impr...

Azerbaijan: EBRD increase stake in Holcim plant

16 September 2016, Published under Cement News

The European Bank for Reconstruction and Development (EBRD) has raised its stake in the equity capital of Holcim (Azerbaijan) OJSC in Azerbaijan (formerly Garadagh Cement Plant) to 20 per cent. A statement from the EBRD read, “The bank will continue to support a major company in Azerbaijan, demonstrating continued support for the country's non-oil sector. In addition, the company is committed to sustainability standards, and will pursue the use of alternative fuels in its operations.” ...

Canada: Lafarge improving environmental impact

13 September 2016, Published under Cement News

Lafarge has completed a CAD20m (US$15.3m) modernisation project at its Exshaw plant in Alberta. The works focussed on improving the plant’s environmental impact but also nearly doubled output from 1.3Mta to 2.2Mta. The retrofit was carried out on the plant’s kiln No. 5, alongside the construction of a new state-of-the-art kiln No. 6. While completing this project, which was started in 2013, one of the plant’s older kilns had to be decommissioned.  Amongst the environmental measures put...

LafargeHolcim launches new cement in northern Morocco

13 September 2016, Published under Cement News

LafargeHolcim Morocco launched its new cement ‘Perfecto’ in the northern Moroccan market. The product, produced in the company’s Tangier plant, is specifically geared to all masonry work and as it supports the needs of construction companies, builders and individuals, it is expected the new brand will help to develop the construction market in Tangier, Tetouan and Al Hoceima areas. The north of the country is a mature market, located close to Europe and represents around 30 per cent of do...

Addressing climate change

07 September 2016, Published under Cement News

LafargeHolcim operates 239 integrated and grinding plants with around 374Mta capacity and consumed 785mGJ of energy in 2015. As the largest multinational construction materials company in the world, what it says and does in relation to sustainability is of crucial importance for the industry as a whole. Ahead of his presentation at Cemtech’s 25th Anniversary in Madrid, Bernard Mathieu, Head of Sustainable Development at LafargeHolcim, discusses the company’s performance and contribution in r...

LafargeHolcim

02 September 2016, Published under Cement News

LafargeHolcim has agreed to sell its 65 per cent stake in LafargeHolcim Vietnam to Siam City Cement Company, assuming that the existing minority shareholder does not exercise its pre-emption rights. Based on a company value of CHF867m this values the deal at EUR516m. LafargeHolcim Vietnam has one integrated works and four grinding centres with a total capacity of 6.3Mta. The company also has seven ready-mixed concrete works in southern Vietnam.   LafargeHolcim reached an agreement with...

LafargeHolcim Martres-Tolosane plant installs whole-tyre injection system

01 September 2016, Published under Cement News

LafargeHolcim has installed a whole-tyre injection system at its plant at Martres-Tolosane, near Toulouse, France. The equipment will enable the cement manufacturer to use around 4000 tyres per day as alternative fuel to fire its kiln, representing 15 per cent of the thermal input. The tyres will reduce the share of petcoke in the plant’s fuel mix from 75 to 60 per cent. The works already uses plastic waste, decommissioned seeds, wood residues and dried sewage sludge as alternative fuel, ...

Holcim Philippines appoints COO

01 September 2016, Published under Cement News

Holcim Philippines announced Thursday that its board has appointed Sapna Sood as Chief Operating Officer (COO), effective 1 November 2016. Ms Sood previously acted as Group Head of Health and Safety at LafargeHolcim and held the position of Head of Helium in the Asia-Pacific region for Linde Group. The appointment comes as part of the preparations for CEO Eduardo Sahagun’s retirement on 19 April 2017. Mr Sahagun will relinquish his duties as CEO in November, but remain acting President un...

India: reason for optimism?

17 August 2016, Published under Cement News

The first quarter of 2016 provided some basis for optimism for India’s cement producers as the sector reported double-digit expansion. However, in the months ahead, the monsoon season and the perennial overcapacity of the industry continue to haunt profitability. The amendment of The Mines and Minerals (Development and Regulation) Act is expected to facilitate M&A in the cement sector The first quarter of 2016 has seen India’s cement industry make a positive start to the year...