Cement News tagged under: LafargeHolcim

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LafargeHolcim looks to divest Brazilian assets

22 April 2021, Published under Cement News

LafargeHolcim is reportedly exploring the sale of its Brazilian unit, which consists of 12 plants, according to people close to the matter. The company has hired Banco Itau BBA to advise on the potential divestment, which could bring in as much as US$1.5bn. The divestment could be made to one buyer or assets could be split.  Under CEO Jan Jenisch, the company has been selling off assets that do not contribute to core operations as the company seeks to reduce debt levels. Earlier sell-off...

Holcim Mexico to launch eco-labels

22 April 2021, Published under Cement News

Holcim México has launched new eco-labels, EcoEtiquetas, to improve customer communication and make the environmental benefits of its products and construction solutions more transparent. The labels will be used for all products that meet sustainability criteria, including smaller CO2 footprints and the use of recycled materials. In Mexico this includes cements branded as Apasco, Maestro and Supra Cemento as well as Supra Mortero mortar. “This is one more step on our way to become a Net ...

ACC reports 74% rise in profit for the 1Q21

20 April 2021, Published under Cement News

India's ACC (LafargeHolcim) has reported a 74 per cent rise in net profit for the first quarter of 2021, rising to INR5.63bn (US$75.33m) from INR3.23bn in the year-ago period. EBITDA also advanced 47 per cent YoY to INR8.6bn. Revenue from sales surged 23 per cent YoY to INR42.13bn from INR34.33bn in the 1Q20. In particular, cement sales increased 22 per cent YoY to 8Mt and cement prices were up six per cent to INR4876/t. As a result of its strong performance, the company has recorded its...

Which US cement producers can exploit higher cement demand in 2021?

16 April 2021, Published under Cement News

The Portland Cement Association's ( PCA) Spring Cement Consumption Forecast for 2021-22 indicated that cement demand in the USA could match or exceed last year's growth of two per cent, despite the loss of nearly 9.5m jobs and a severe decline in real GDP as a direct result of the country's lockdowns and economic impact from COVID-19. Further, the PCA was keen to highlight the long-term upturn in US cement demand that would be supported by the US$2.2trn eight-year infrastructure 'Bui...

Former Blue Circle director passes away

15 April 2021, Published under Cement News

Anthony J Jackson, a former director of UK-based cement multinational Blue Circle Industries PLC, sadly passed away on 29 March at the age of 87. Mr Jackson was previously the CEO of Blue Circle’s Nigerian operations, following earlier responsibilities in the UK and Australia. He was later also responsible for the Far East segment and involved in operations in Malaysia, Singapore and Indonesia. He went on to become the CEO of Blue Circle Enterprises in the UK, responsible for all non-cement...

LafargeHolcim recognised by Solar Impulse Foundation

14 April 2021, Published under Cement News

10 LafargeHolcim green building solutions are now endorsed by the 'Solar Impulse Efficient Solution' label, recognising world-leading technologies that protect the environment in a profitable way.   The labelled LafargeHolcim solutions include ECOPact green concrete, which enables carbon-neutral building; bio-active reef concrete that restores marine ecosystems and 3D printing technologies to accelerate affordable housing and infrastructure.   Bertrand Piccard, initiator and cha...

LafargeHolcim to vote on group name change at AGM

12 April 2021, Published under Cement News

At this year's LafargeHolcim AGM, on 4 May 2021, shareholders will be asked to vote on changing the group company name from LafargeHolcim Ltd to Holcim Ltd. As the company transforms to become the global leader in innovative and sustainable building solutions, the Board of Directors recommends simplifying its name for efficiency and impact, while building on the group's legacy. All market brands will remain in existence, as the drivers of the company's market success, building value and tr...

LafargeHolcim is moving back towards its roots

09 April 2021, Published under Cement News

LafargeHolcim recently acquired Firestone Building Products as the next move in its restructured building materials portfolio. The US$3.4bn purchase is considered an acquisition to help reduce the company's exposure to emerging markets while bolstering the finishing products arm of its business. Following the drive towards urban markets Leading building material companies have been on a restructuring pathway since the global financial crisis in 2008. The main directive of this trend for...

New Agadir plant to enter production in July

09 April 2021, Published under Cement News

LafargeHolcim’s new cement plant in Souss-Massa, 45km southwest of Agadir, Morocco, is expected to be commissioned at the end of July. The 1.6Mta plant represents an investment of MAD3bn (US$334.6m) and is equipped with the latest technologies, in line with the company’s “Plant of Tomorrow” concept. It will include automation, robotic, artificial intelligence and predictive maintenance technologies. Moreover, from 2023, the plant will be supplied with wind power and use alternative fuels.

LafargeHolcim makes changes to Board of Directors

09 April 2021, Published under Cement News

LafargeHolcim has announced changes on its Board of Directors. Oscar Fanjul has decided to step down as Vice-Chairman after serving on the Board of LafargeHolcim since 2015 and Jan Jenisch is being appointed as a member of the Board of Directors in addition to his CEO role. Beat Hess, chairman of the Board, said: "On behalf of the entire Board of Directors, I sincerely thank Oscar for his invaluable contributions since joining the Board of LafargeHolcim in 2015. He played an instrumental ...