Cement News tagged under: LafargeHolcim

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François Pétry takes helm of Aggregate Industries, UK

04 December 2015, Published under Cement News

Aggregate Industries, part of the LafargeHolcim group, has appointed François Pétry as its chief executive officer, effective 1 December 2015. Pétry joins from his current role as CEO of LafargeHolcim Romania. He has a strong background in quarrying having held the role of General Manager for Aggregates in Holcim France since 2008 and prior to that, held senior roles in infrastructure, construction and waste industries in France. Commenting on his appointment as CEO, Mr Pétry said: "I’m ...

Estanda supplies LafargeHolcim plant in Nigeria

01 December 2015, Published under Cement News

Estanda has supplied a LafargeHolcim cement plant in Nigeria with new designs for more efficient dip tubes, the Spanish equipment supplier said in a statement. The project, which was for the supply of the dip tubes and supervision during their assembly, included an initial stage of total component redesign and modifying dimensions and materials used by the client to adapt to the technical recommendations provided by Estanda. The proposed solution will prevent wear and low-durability issue...

LH says its Australian and New Zealand operations are not up for sale

30 November 2015, Published under Cement News

LafargeHolcim said its Australian and New Zealand operations are not currently on the sale block, according to Bloomberg reports following press speculation at the end of last week. Media reports on Friday suggested that the world's largest cement producer was considering exiting the region with the disposal of its operations in Australia and New Zealand for a potential amount of AUD3bn (CHF2.2bn) However, Bloomberg this morning reported that LafargeHolcim has said that the operations ...

Holcim Romania initiates road safety programme

30 November 2015, Published under Cement News

Holcim Romania has initiated a national road safety programme to raise awareness of the importance of  safe driving across the supply chain. The three-year programme consists of series of projects mainly aimed at reducing the number of casualties and critical road incidents in Romania. The national road safety programme launched by the building materials producer will comprise four main action directions which will take place simultaneously and in which the company has invested over EUR100,...

Romania: LafargeHolcim reports 15.3% rise in 9M15 cement sales

27 November 2015, Published under Cement News

LafargeHolcim increased its cement sales in Romania by 15.3 per cent in the first nine months of the year, especially due to the strong advance of the construction market in Bucharest. Cement prices over the period declined by 0.8 per cent. The aggregates division reported a rise of 72.3 per cent in volume, while prices dropped 15.1 per cent.  “The demand in Eastern Europe remained at a high level, especially in countries that are not oil exporters. Volumes have increased in most states ...

LafargeHolcim reports 9M15 results and outlines 2018 targets

25 November 2015, Published under Cement News

LafargeHolcim today released its first set of results since the closing of its merger, with nine-month performance impacted by merger and restructuring costs, adverse foreign exchange, an economic slowdown in China and Brazil as well as softness in France and Switzerland. Good performances were seen in the US, UK and most countries in Asia-Pacific and Latin America. The group also announced medium-term targets ahead of the Capital Markets Day (CMD) next week. Consolidated net sales in the n...

LafargeHolcim 3Q15 results expected to reflect headwinds

23 November 2015, Published under Cement News

LafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merging the world's two largest cement producers was never going to be easy, and macro headwinds make th...

LafargeHolcim reportedly plans to launch downsizing plan in Spain

29 October 2015, Published under Cement News

LafargeHolcim plans to launch a downsizing plan for 15 per cent of its workforce in Spain, according to local press reports. The launch of the downsizing plan was attributed to the difficulties that the company faces in Spain, due to the low cement demand in the country and the overlapping of workforces following the merger of Lafarge and Holcim, market sources said. LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to EUR300...

LafargeHolcim successfully completes squeeze-out of Lafarge SA

26 October 2015, Published under Cement News

LafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns...

ACC sees subdued July-Sept volumes and pricing

21 October 2015, Published under Cement News

LafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m...