Cement News tagged under: LafargeHolcim

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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.

LafargeHolcim considering revised divestment plan in India

04 February 2016, Published under Cement News

LafargeHolcim confirmed today that it is considering a divestment of its interest in Lafarge India with a cement capacity of around 11Mta. The divestment would require the approval of the Competition Commission of India (CCI) as an alternative remedy for the merger of the group’s legacy companies. The company said  in a statement that it is no longer in discussion with Birla Corporation Limited (BCL) for the sale of the Jojobera and Sonadih cement plants in eastern India announced last yea...

Havre and La Couronne units to become grinding centres

03 February 2016, Published under Cement News

As part of the restructuring following the merger LafargeHolcim will be closing down cement production at the Havre and La Couronne cement works in France. Havre will be converted into a grinding station with 31 staff (compared with the current 152) while La Couronne will become a grinding unit with 27 staff. Last week, Eric Olsen, LafargeHolcim CEO, said the company was planning to close down some of its plants as capacity utilisation was currently around two-thirds, well below targe...

China: Huaxin issues profit warning

02 February 2016, Published under Cement News

Huaxin Cement, LafargeHolcim’s subsidiary in China, has warned that it expects 2015 net profit to fall 90-95 per cent YoY due to weak domestic demand, intense competition and a sharp fall in cement prices. JP Morgan’s China cement research team estimates that cement prices in Huaxin’s key markets declined by five per cent QoQ in 1Q16 to-date to CNY254/t. The research house also notes that LafargeHolcim aims to restructure its China operations by integrating the management teams of Huaxin ...

LafargeHolcim: Reitzle to return to Linde?

02 February 2016, Published under Cement News

LafargeHolcim’s current president, Wolfgang Reitzle, could be returning to Germany-based gas producer Linde to become head of the Supervisory Board after the mandatory two-year waiting period which ends on 20 May 2016, according to the Süddeutsche Zeitung. Mr Reitzle was CEO of Linde between 2003-14 and turned the gas and equipment supplier to a world market leader. However, his appointments to the Supervisory Boards of Continental, Springer, Hawesko and Medical Park could prove an issue fo...