Cement News tagged under: LafargeHolcim

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Where will LafargeHolcim reinvest?

05 July 2019, Published under Cement News

In the last year LafargeHolcim has been disposing of assets in the cement market in which it no longer sees long-term value. This has meant the US$917m sale of its 80.6 per cent share holding in PT Holcim Indonesia to PT Semen Indonesia as well as its 51 per cent stake in Lafarge Malaysia for US$365m and the disposal of its 91 per cent holding in Holcim Singapore to YTL Cement. Closure of the sale of Holcim Philippines Inc to San Miguel Corp for US$2.5bn is expected to be completed in ...

Countdown for Bardon

27 June 2019, Published under Cement News

As part of LafargeHolcim’s Capital Markets Day in 2018, guests enjoyed a site visit to Europe’s largest aggregates quarry at Bardon Hill, east of Coalville, Leicestershire, UK. Owned by LafargeHolcim subsidiary Aggregate Industries, the recently-extended quarry will formally open in June 2019 when the refurbished primary crusher goes on-stream. Aggregate Industries’ Bardon Hill quarry, UK, supplies 1.5Mta of aggregates, 2.1Mta of concrete products and 7.5Mta of asphalt. Image sourc...

LafargeHolcim Côte d'Ivoire starts e-commerce orders

25 June 2019, Published under Cement News

LafargeHolcim Côte d'Ivoire and e-commerce site Jumia have come together to offer the Ciment Bélier brand of cement online from Friday, 21 June 2019. "This online store is intended exclusively for individuals and small entrepreneurs who wish to have a better quality and cost control of their construction work," said Xavier Saint Martin Tillet, LafargeHolcim Côte d'Ivoire CEO. "This partnership makes life easier for all our customers who want to work without having to move to buy their cem...

Lafarge Africa narrows loss to NGN8.8bn in 2018

21 June 2019, Published under Cement News

Lafarge Africa reported a NGN8.8bn (US$24.4m) loss in 2018, compared with NGN34.39bn in the previous year. The company’s audited results have been released, showing revenue of NGN308bn, up from NGN299bn in 2017. Finance costs increased to NGN45.973bn from NGN43.217bn, while loss before tax reached at NGN19.508bn. A tax credit of NGN10.707bn reduced the loss after tax to NGN8.802bn. Lafarge will sell its entire stock of issued share capital in Lafarge South Afria Holding Ltd to Caricement ...

Holcim invests US$1m in solid waste processing in El Salvador

14 June 2019, Published under Cement News

LafargeHolcim and its Geocycle brand have plans to invest more than US$1m in new waste processing equipment in El Salvador. The new equipment will be used to treat solid waste to supply alternative fuel for its cement production in the country. Geocycle processes around 0.7m used tyres in 2018, bringing the company’s waste tyre use to 6m tyres since 2001, according to Jaime Recinos, director for corporate affairs and sustainable development at Holcim. It also processed 20,000t of waste...

Cementos Esfera moves to Madrid

07 June 2019, Published under Cement News

Spain’s Cementos Esfera (LafargeHolcim) has relocated its base of operations from Salou, Catalonia, to Madrid. LafargeHolcim has decided to convert the Salou unit into a distribution centre that will serve the group’s facilities in Montcada and Sagunto. The news follows its parent company also moving to the capital at the beginning of 2018. Cementos Esfera stopped its 0.5Mta cement milling operations in 2013 following a 75 per cent drop in sales across the sector, according to Cronica Global.

LafargeHolcim’s Oggaz plant receives ISO 14001

03 June 2019, Published under Cement News

The first cement plant in Algeria, LafargeHolcim’s cement plant in Oggaz has received the ISO 14001 (2015) environmental safety certificate. "Sustainable development, environmental protection, and the health and safety of our employees and stakeholders are part of the LafargeHolcim Group's DNA and are fully included in all our development plans. Our responsibility is to translate these priorities into realisations, as this certification, which highlights our ambition and environmental perf...

Lafarge Malaysia reduces net loss in 1Q19

30 May 2019, Published under Cement News

Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ...

Cement needs collaborative approach to environmental challenges

20 May 2019, Published under Cement News

This week, HeidelbergCement reported that it was the first cement producer to have its CO 2 reduction targets validated to 2030 , while the Low Emissions Intensity Lime And Cement (LEILAC) pilot plant began test operations at the company's Lixhe cement works in Belgium. This landmark project, which aims to capture 95 per cent of CO 2 emissions from the kiln, is an example of the kind of collaborative industry partnerships that will be critical for the cement industry, if it is to successf...

LafargeHolcim reports net sales growth of 6% in 1Q19

15 May 2019, Published under Cement News

LafargeHolcim reported strong growth in net sales for 1Q19, rising 6.4 per cent and an over-proportional increase in recurring EBITDA, up 20.6 per cent.

 Group net sales of cement for 1Q19 amounted to CHF4079m up from CHF3995m in 1Q18, advancing by 2.1 per cent. Aggregate net sales climbed to CHF813m, up from CHF764m, an increase of 6.4 per cent on 1Q18. The group's ready-mix net sales in 1Q19 totalled CHF1223m, up 3.6 per cent from CHF1181m in 1Q18. The Solutions and Products sector recor...