Cement News tagged under: LafargeHolcim
Cameroon: LafargeHolcim launches construction of EUR42.6m cement plant30 March 2017, Published under Cement NewsLafargeHolcim Maroc Afrique has launched construction of a new 0.5Mta plant in the Cameroonian locality of Nomayos, near Yaoundé. The new project required a total investment of EUR42.6m (US$45.7m). The plant project has been launched via Cimencam, LafargeHolcim Maroc Afrique’s local branch, and is expected to increase Cimencam’s annual production to 2Mta. With the addition of the new plant, Cimencam will control Cameroon’s cement monopoly and be able to meet both domestic and foreign d... |
LafargeHolcim establishes new European Works Council28 March 2017, Published under Cement NewsLafargeHolcim and employee representatives in Europe have renewed their commitment to social dialogue by establishing the new European Works Council (EWC). The EWC will enable representatives from 19 countries to take part in consultations and dialogue with senior leaders from LafargeHolcim at a transnational level. The EWC was officially established today based on an agreement signed by LafargeHolcim CEO, Eric Olsen, and Executive Committee members Caroline Luscombe (Organisation and Huma... |
Supplying Georgia13 March 2017, Published under Cement NewsA new plant has been launched by Georgian Cement Company (GCC) in partnership with LafargeHolcim. ICR spoke with Merab Chikhradze, founder of GCC, to find out the latest developments in the Georgian cement market as well as what has been happening at the works. By ICR Research, UK. Merab Chikhradze, Founder of Georgian Cement, partner of LafargeHolcim ICR: What decisions had to be made after the LafargeHolcim merger in terms of grinding systems, philosophies and systems to be... |
Kenya: Bamburi Cement profits flat for 201610 March 2017, Published under Cement NewsLafargeHolcim subsidiary Bamburi Cement earned KES5.89bn (US$57.4m) in after tax profits in 2016, up just 0.3 per cent on the previous year, reports the Star newspaper. The company stressed that operating profits had shown a more robust performance, rising by eight per cent to KES7.9bn. Turnover was down 2.9 per cent, but production costs fell faster, dropping by seven per cent to KES24.8bn. “Overall, there was a marginal reduction in volumes into inland Africa export markets and in... |
China: order and growth06 March 2017, Published under Cement NewsFollowing a drop in apparent cement consumption in 2015, China’s cement industry has been destocking ever since. As a result, the country’s cement market has started 2017 on a positive note with cement inventories reported to be decreasing. This resilience is supported by improved producer discipline, increased cooperation between top players and robust government investment in infrastructure and housing. By Addison Dai, DBS Vickers, Hong Kong. China’s cement plants, such as Heidelber... |
LafargeHolcim admits making ‘unacceptable’ payments to Syrian armed groups03 March 2017, Published under Cement NewsLafargeHolcim has released details of an internal investigation into the conduct of its employees running the Jalabiya cement works up to 2014. The investigation was launched in response to allegations in Le Monde, which stated that the firm had entered into deals with armed groups including Islamic State in order to protect its staff and business interests. The results of the internal inquiry conclude that "the local company provided funds to third parties to work out arrangements wit... |
LafargeHolcim's net profits double YoY in 201603 March 2017, Published under Cement NewsLafargeHolcim saw its net profit double on an annual basis to CHF1.9bn for 2016 (US$1.87bn), against CHF970m a year earlier. Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) reached CHF1.611bn for the fourth quarter of 2016. In comparison, Reuters' analysts targeted some CHF1.52bn. Revenue for the last quarter stood at CHF6.526bn while Reuters' analysts targeted some CHF6.92bn. For 2017, the group expects its adjusted EBITDA to grow by over 10 per c... |
LafargeHolcim interested in supply US-Mexican border wall03 March 2017, Published under Cement NewsLafargeHolcim has expressed an interest in supplying construction materials to the US-Mexican border wall to be built under the Trump administration. The wall is one of the most controversial electoral promises of the new US president, Donald Trump. The invitation to tender requires interested parties to submit a prototype by 10 March. The US government plans to award prototypes as early as mid-April. |
LafargeHolcim02 March 2017, Published under Cement NewsThe Indian subsidiary ACC Ltd reported a 2.7 per cent reduction in cement deliveries for 2016 to 22.99Mt, while in the fourth quarter the reduction was 9.1 per cent to 5.45m, slightly less than the 9.6 per cent to 5.07Mt seen in the third quarter. Ready-mixed concrete deliveries, however, rose by 10.7 per cent to 2.59Mt. Volumes are expected to show increases during 2017. The turnover declined by 4.3 per cent to INR109.46bn (EUR1.56bn/US$1.64bn) while EBITDA came off by 7.5 per cent to ... |
USA: fire at LafargeHolcim Hagerstown plant22 February 2017, Published under Cement NewsAccording to several local news sources, approximately 100 firefighters worked to extinguish a conveyor belt fire at LafargeHolcim’s cement plant in Hagerstown, USA. It is unclear in which part of the facility the conveyor belt caught fire. No injuries resulted from the fire. Local Fire Department Deputy Chief, Adam Hopkins: "We had an overloaded conveyor belt catch fire and burn. The fire was difficult to access and required extensive work to access." The firefighters did not have ade... |