Cement News tagged under: LafargeHolcim

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LafargeHolcim announce further Chinese sales

04 August 2016, Published under Cement News

LafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and four grinding stations for CHF208m (US$215m). The assets – currently operated by Lafarge China Cement – are to be purchased by Huaxin Cement, in which LafargeHolcim itself has a 41.8 per cent shareholding. Commenting on the sale, LafargeHolcim CEO Eric Olsen said: "Following our announcement earlier this week to ...

LafargeHolcim zero fatality rate

04 August 2016, Published under Cement News

Safety Coaching, a safety consultancy firm, has helped LafargeHolcim create safer sites and improve incident reporting. The company established a programme for improving construction safety for projects employing up to 5000 workers. Rob Shore, of Safety Coaching, says, “We’re very pleased with our successful delivery of a variety of training and coaching courses to LafargeHolcim, helping them to achieve a zero fatality rate in the sites where we have been directly involved and boosted saf...

Ecuador: a challenging recovery

03 August 2016, Published under Cement News

With severe earthquakes, massive debts and low crude oil prices, Ecuador’s way ahead appears uncertain. The country’s future is dependent on the outcome of the 2017 elections and a recovery in oil prices to get the economy moving again in the right direction under positive leadership. By Rob Roy, ROI Consulting, USA. Ecuador faces an uncertain future, but next year's presidential elections may provide the potential for change Ecuadorian cement consumption is expected to decline ...

LafargeHolcim

02 August 2016, Published under Cement News

LafargeHolcim has agreed to sell Lafarge India to the Indian conglomerate Nirma Ltd for around US$1400m. It will be Nirma’s first investment in the cement sector and comes in spite of a marginally higher offer from a Chinese cement producer. The deal involves three cement works and two grinding centres with a combined capacity of some 11Mt and is also one of the largest ready-mixed concrete producers in India. The disposal of some cement operations were demanded by the competition authoritie...

China: LafargeHolcim to sell stake in Shuangma Cement

02 August 2016, Published under Cement News

LafargeHolcim has announced that it has signed a deal with Tianjin Circle Enterprise Management Centre that would see the Franco-Swiss multinational sell a 55.93 per cent stake in Sichuan Shuangma Cement for CHF507m (US$525m). Subject to shareholder approval, the acquisition is expected to be completed by 4Q16. Following the sale, Lafarge will retain a stake of around 20 per cent in Shuangma. The agreement reached with Tianjin Circle leaves open the possibility – until 2018 – of either pa...

New communication manager at Holcim Romania

02 August 2016, Published under Cement News

Veronica Dobre has been appointed the new Communication Manager of Holcim Romania. She takes the position over from Ioana Borangic, who had worked for the company for six years. Ms Dobre holds a degree in Public Relations from the UK Chartered Institute of Public Relations and is also a Political Sciences, Communication and Public Relations graduate of the National School of Political Administrative Studies of Bucharest. Speaking on her new appointment, Ms Dobre said, “Holcim has alway...

Malaysia: cement production down 4.2% in six months to June

01 August 2016, Published under Cement News

Demand for cement in Malaysia looks set to grow but slowly in 2016 as production numbers for the first half of the year indicate. According to reports in the Edge Financial Daily, cement production fell by 4.2 per cent in 1H2016, with demand forecast to grow by just three per cent under the most optimistic projections. In an interview with Edge, Thierry Legrand, CEO of Lafarge Malaysia, said: “[Demand] is likely lower than last year, as whether the expected infrastructure projects can ...

Philippines: Human rights body begins investigation into GHG-emitting firms

29 July 2016, Published under Cement News

The Commission on Human Rights of the Philippines (CHR) has begun an investigation into the possibility that major carbon-emitting multinationals have breached human rights law, The Guardian reports. This follows a petition from a group of environmental NGOs led by Greenpeace, which identified 47 Carbon Majors - publicly-traded companies that collectively are responsible for 21.6 per cent of greenhouse gas emissions in the period from 1751 to 2013. The companies involved include major cem...

India: Ambuja and ACC report profit rises for 2Q16

27 July 2016, Published under Cement News

LafargeHolcim’s Indian subsidiaries ACC and Ambuja Cements have both reported an increase in profits for the second quarter of 2016. In the three months to June, Ambuja Cements’ net sales were up only modestly, climbing 1.9 per cent to INR25.4bn (US$378m), but profits rose much faster. These reached INR4bn (US$59.4m), a rise of 76.5 per cent YoY. Ambuja’s increased profits were mainly driven by lower power and fuel costs. Over two-thirds of the higher profit margins can be traced to th...

Anhui Conch

22 July 2016, Published under Cement News

Anhui Conch has missed out on the chance to acquire Lafarge India, despite its offer of INR95bn (US$1.4bn) coming in higher than the winning bid. A deal was finally struck with Nirma Ltd at INR94bn, but this remains subject to approval by the Competition Commission of India (CCI). The transaction includes three cement plants and two grinding station with a total capacity of 11Mta.  A number of articles have examined why Anhui Conch was unsuccessful with one by Mint dismissing rumours that...