Cement News tagged under: LafargeHolcim

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LafargeHolcim

04 July 2016, Published under Cement News

LafargeHolcim aims to sell its operations in Sri Lanka, which consists of one integrated works, a grinding centre and a bagging plant.  Its cement production in 2015 amounted to 1.7Mt, generating a turnover of US$158m.  Three local companies are thought to be potentially interested along with some foreign companies, notably Chinese. Ambuja Cement is to increase the capacity of its grinding centre at Rupnagar, Punjab by 0.9Mta to 3.4Mta. 

Deadline day reached for Lafarge India bids

04 July 2016, Published under Cement News

Today (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h...

LafargeHolcim appoints Alessandra Girolami as Head of Investor Relations

01 July 2016, Published under Cement News

As of 1 September 2016, Alessandra Girolami will be LafargeHolcim's new Head of Investor Relations. She will report to Group CFO, Ron Wirahadiraksa, and succeeds Michel Gerber. She was previously employed by Carrefour Group as Head of Financial Communications and Investor Relations.

LafargeHolcim and CDC bring low-carbon building material to market

29 June 2016, Published under Cement News

LafargeHolcim and CDC Group, the UK's development finance institution, have announced the creation of 14Trees, a joint venture that aims to accelerate the productdion and commercialisation of Durabric, which the company describes as "an environmentally-friendly, affordable alternative to traditional clay burnt bricks". 14Trees will benefit from the expertise of LafargeHolcim’s R&D centre to help address the growing demand for affordable housing for some of the nearly 3bn people around th...

Adelaide Brighton sees potential in US$2bn acquisition

22 June 2016, Published under Cement News

Adelaide Brighton Group says it has carried out detailed work on a potential US$2bn acquisition of the Australia and New Zealand operations of Lafarge­Holcim, including a plan to address competition issues. Martin Brydon, Adelaide Brighton's  chief executive, confirmed that Adelaide Brighton had been working with its longstanding takeover defence adviser Credit Suisse and Blackpeak Capital. Mr Brydon said that while LafargeHolcim had still given no indication it was selling the Austral...

LafargeHolcim plans further asset sales

13 June 2016, Published under Cement News

It has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost the group's performance, which has been hit by severe global pricing pressures and weak economic gr...

USA: Exshaw modernisation produces first clinker

10 June 2016, Published under Cement News

The Lafarge plant at Exshaw celebrated a key accomplishment as groundwork continues for the next chapter in the cement plant's 100-plus-year history.
 The Exshaw expansion is currently the biggest global investment Lafarge is undertaking, and now the cement company is able to see the rewards of its expensive expansion come to life. First clinker was achieved at the multi-hundred million-dollar plant expansion from the newly-established Kiln 6.
 “What we achieved (on May 22) was a major...

Indian producers line up for LafargeHolcim's Sri Lankan operations

10 June 2016, Published under Cement News

A shortlist of potential buyers in the sale of LafargeHolcim's Sri Lankan operations have been named as Dalmia Bharat, Shree Cements along with Ramco after an initial round of screening. The global cement major is divesting its business in Sri Lanka as part of a global portfolio realignment. With an estimated 2.3Mta grinding capacity and a 1.8Mta clinker capacity, it currently controls 40 per cent of the 6Mta Lankan market, said analysts tracking the sector. To put it in perspective, the ...

Sri Lanka: LafargeHolcim to exit market

03 June 2016, Published under Cement News

LafargeHolcim is to sell its operations in Sri Lanka - a bagging plant, a grinding plant and the island's only integrated facility - as part of its wider divestment strategy, EconomyNext reports. At least three local firms are though to be interested in bidding for Holcim Lanka, which generated 1.7Mt of sales in 2015 with revenues of LKR23.4bn (US$158m).

Ambuja Cement adds 0.9Mta to Sankrail grinding unit

25 May 2016, Published under Cement News

India’s Ambuja Cement has added 0.9Mta of capacity to its Sankrail grinding unit near Kolkata. The INR3.38bn (US$50.2m) project was commissioned on 24 May 2016. As a result of the expansion, the plant’s current capacity now stands at 2.4Mta. The project included installation of 140tph Thyssenkrupp roller press, increasing the capacity of Cement Mill 1 to 235tph in combo grinding and two additional 240tph packers. Speaking on the occasion, Ajay Kapur, MD CEO Ambuja Cements said, "I am...