Cement News tagged under: LafargeHolcim

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South Africa: NUM signs one-year wage agreement with LafargeHolcim

23 February 2016, Published under Cement News

South Africa's National Union of Mineworkers (NUM) signed a one-year wage agreement with the local unit of cement maker LafargeHolcim, it said on Monday, ending a strike that had just entered its second week. NUM said its members will receive an eight per cent pay increase and other benefits including raises on housing grants and allowances for taking on temporary positions. (Source: Reuters)

Lafarge halts EUR20m investment in Sagunto plant, Spain

17 February 2016, Published under Cement News

The management of Lafarge yesterday made public its decision to halt the expansion of its quarry and its plant at Sagunto, Spain, due to “the uncertainty created by the new local government and the lack of viable alternatives,” according to El Mercantil Valenciano. The cement producer had intended to spend around EUR20m in upgrading its plant. In 2013 Lafarge and the town council of Sagunto agreed for the company to accept the limits to the use of its quarrying concession and move to the o...

ACC full-year volumes impacted by mine closure, slow economic start to year

15 February 2016, Published under Cement News

ACC Ltd, part of the LafargeHolcim group, reported a 2.4 per cent decline in 2015 sales volumes to 23.62Mt due to the temporary closure of mines serving its Chaibasa and Bargarh plants in eastern India, and the generally slow pace of the economy earlier in the year. Cement volumes during the final quarter of the year witnessed a turnaround, improving by four per cent YoY to 6Mt. The company’s focus on cost management helped contain overall production costs, despite a contribution to th...

Glenwood PE & Baring Private Equity Asia reportedly make bid for Lafarge Halla Cement

15 February 2016, Published under Cement News

South Korea’s private equity fund Glenwood Private Equity and Hong Kong-based private equity fund Baring Private Equity Asia are to buy Lafarge Halla Cement Corp (South Korea) from LafargeHolcim Ltd for around KRW550bn (US$455.1m), report local media. According to investment bank industry sources on Friday, Glenwood PE, a preferred bidder of Lafarge Halla Cement, has notified LafargeHolcim, the largest shareholder of the Korean cement producer, that it selected Baring Private Equity Asia as...

India: Ambuja Cements reports flat growth in full-year volumes

12 February 2016, Published under Cement News

Ambuja Cements, part of the LafargeHolcim group, reported flat sales growth for the 12 months ending 31 December 2015. The company underlined that during the year the Indian cement market largely remained subdued although there was a 5.2 per cent rise in volumes during the final quarter. However, lower cement price realisation led to overall net sales being down by 5.5 per cent in 2015 to INR9368 crore, compared to INR9911 crore a year earlier. Lower operating costs with improved opera...

Change in LafargeHolcim leadership in India

10 February 2016, Published under Cement News

LafargeHolcim announced yesterday that Martin Kriegner, currently Area Manager Central Europe, will be appointed Head of India, effective 1 March 2016. He will report to Eric Olsen, Group CEO, and succeed Bernard Terver who has decided to retire. Martin Kriegner joined LafargeHolcim in 1990 and has previously held several senior leadership positions in the group, including CFO and CEO of group operations in Austria as well as Head of Lafarge India and Regional President Cement for Asia. He...

New Holcim Romania CEO appointed

10 February 2016, Published under Cement News

Sofiane Benmaghnia has been appointed the new CEO of Holcim Romania, effective 1 April 2016. He replaces François Petry who took over as CEO of Aggregates Industries, the UK subsidiary of the recently-formed LafargeHolcim group. Algerian-Canadian Mr Benmaghnia joined LafargeHolcim in 1999 as a financial analyst. Since then, he has built his career within the group, working in several markets where LafargeHolcim operates (North America, Middle East, Africa and Europe). He has over 16 years o...

LafargeHolcim nominates new chairman of the Board of Directors

09 February 2016, Published under Cement News

LafargeHolcim announced yesterday that Wolfgang Reitzle, chairman of the Board of Directors, has informed the Board that he will not stand for re-election at the company’s May 2016 AGM. "The Board regrets this decision while acknowledging Mr Reitzle’s wish to pursue other business activities that will require his fullest attention, in particular the chairmanship of the Linde Supervisory Board," the group said in a statement. Mr Reitzle was instrumental to the successful merger between La...

LafargeHolcim receives revised divestment order from India

09 February 2016, Published under Cement News

LafargeHolcim has received a revised order from the Competition Commission of India (CCI) to divest its interest in Lafarge India, including three cement plants and two grinding stations with total capacity of 11Mta. " The proposed transaction is an alternate remedy for the merger of the group's legacy companies and now forms part of the company's CHF3.5bn (US$3.54bn) divestment target in 2016," LafargeHolcim said in a statement. Last week the building materials giant said it was reviewi...

Russia's Sberbank sells 6.12% stake in LafargeHolcim

08 February 2016, Published under Cement News

Russia's Sberbank confirmed on Friday it had sold a 6.12 per cent stake in LafargeHolcim to a group of foreign investors. Sberbank acquired a 6.12 per cent stake in LafargeHolcim in January from Eurocement Holding AG as part of a repurchase agreement.