Cement News tagged under: LafargeHolcim
Cementos Molins reduces price for LafargeHolcim Bangladesh to US$62m28 December 2017, Published under Cement NewsCementos Molins (Spain) has reduced the purchase price for LafargeHolcim Bangladesh to US$62m, compared to the US$117m originally announced in December 2016 for 100 per cent of the company, which owns three cement grinding units in the Asian country. The acquisition relates to the ongoing restructuring of Lafarge and Holcim assets in Bangladesh following the LafargeHolcim merger. Cementos Molins was previously a joint venture partner in Bangladesh with Lafarge. |
First bulk cement export from Arzew port performed22 December 2017, Published under Cement NewsLafargeHolcim Algeria celebrated its first export of grey cement from the port of Arzew to a west African country in a ceremony held on 12 December. The ceremony was held in the presence of Mr Jean-Jacques Gauthier, CEO of LafargeHolcim Algeria, Representatives of the Ministry of Commerce, Ministry of Industry and Mines, local authorities and a large delegation. This first cement export consigment sees the shipment of 16,500t of bulk cement from LafargeHolcim's Oggaz plant. The operation... |
Holcim Argentina to invest US$120m in Malagueño18 December 2017, Published under Cement NewsHolcim Argentina has announced a US$120m investment to raise cement capacity at its Malagueño plant by 45 per cent. The expansion project includes the reconstruction of a complete clinker line and a new cement mill as well as the refurbishment of the dispatch lines. The implementation of the expansion is expected to start in early 2018. Some 0.73Mta of capacity will be operational by 2020. "It is a significant increase and will help alleviate some of the problems of backwardness ... |
LafargeHolcim plans PLN150m investment in Kujawy18 December 2017, Published under Cement NewsLafargeHolcim intends to invest PLN150m (US$42m) in alternative fuel-related projects in its Cementownia Kujawy cement works in Poland. The company will modify the clinker line to burn alternative fuels and improve product quality. The investment will also include the construction of new cement loading terminals and the launch of a fully-automated laboratory. |
LafargeHolcim to change management structure15 December 2017, Published under Cement NewsLafargeHolcim has announced that its 30 largest country organisations will now report to its Executive Committee and that its global business functions will be merged under one leadership, to create a more agile management system. Therefore the Executive Committee at the company will be reduced to nine members, resulting in several new appointments. The appointments will become effective from 1 January 2018. Europe Marcel Cobuz will become Head Region Europe and a member of the Executiv... |
LafargeHolcim withdraws from further talks with PPC14 December 2017, Published under Cement NewsLafargeHolcim has ended talks with South Africa’s PPC about a potential deal, said the Swiss cement producer in a brief statement. The step comes only a day after Canada’s Fairfax Africa Investments Proprietary Ltd pulled out its attempt to buy 23 per cent of the South African cement producer and a week after CRH exits talks with PPC. |
LafargeHolcim Sagunto to return to full operation13 December 2017, Published under Cement NewsLafargeHolcim’s Sagunto works in Spain will return to full operation for the first time since 2007. Following a year of uncertainty about the future of the cement plant due to issues in renewing its quarry licence, the news is particularly welcome to the staff of the 2.3Mta facility. Reasons cited for the step are two-fold. The economic recovery and resurgence of construction in Valencia and Castellón will enable the company to recover domestic margins following three years of exports and... |
LafargeHolcim Algeria celebrates first export from Arzew11 December 2017, Published under Cement NewsLafargeHolcim Algeria will celebrate the first export of grey cement from the port of Arzew by a west African country. The ceremony will take place in the presence of representatives of the Ministry of Commerce and LafargeHolcim Algeria's Director General, Jean-Jacques Gauthier. The shipment is the first since lifting the ban and will see the export of 16,000t of cement from LafargeHolcim’s Oggaz cement plant to Gambia. |
Former LafargeHolcim CEO placed under formal investigation08 December 2017, Published under Cement NewsThe former chief executive of Franco-Swiss cement group LafargeHolcim Ltd, Eric Olsen, was placed under formal investigation on Thursday as part of an inquiry into the group's activities in Syria, a source with the prosecutor's office told Reuters. Olsen resigned as LafargeHolcim's CEO in April 2017, after the company admitted it had paid armed groups to keep a cement plant operating in Syria. Three other individuals were put under formal investigation last week and two others – one of whi... |
PPC board rejects Fairfax offer24 November 2017, Published under Cement NewsThe board of PPC has advised its shareholders not to accept the offer of Fairfax Africa Investment Pty Ltd to buy a stake in the South African cement producer. The company will continue talks with LafargeHolcim and CRH on the sale. The Takeover Regulation Panel has extended the deadline for the Fairfax offer to 12 December 2017, according to the cement producer’s board. Fairfax has signalled its intention to make an offer to acquire ordinary shares representing ZAR2bn (US$144.1m) of PPC’s... |