Cement News tagged under: LafargeHolcim

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LafargeHolcim to pay post-merger dividend

03 September 2015, Published under Cement News

Following the successful closing of the merger of Lafarge and Holcim, the new LafargeHolcim Ltd has announced that it will distribute an exceptional scrip dividend of one new-issue share for every 20 LafargeHolcim Ltd shares held. Settlement and delivery of the new-issue shares will start on 10 September, LafargeHolcim Ltd said. The group shareholders approved in May a capital increase via an issue of approximately 28.9m new shares, corresponding to five per cent of LafargeHolcim Ltd’s capi...

Sodep implements mine control system for LH Cantagalo

25 August 2015, Published under Cement News

In July 2015, Sodep started the implementation of Minetrack at the LafargeHolcim Cantagalo works in Rio de Janiero, Brazil. Technical delivery was due in August. Sodep explains that the expected improvements by real-time management of the mine operation and reliable production data will lead to higher productivity through resources optimisation (personnel and equipment). It will also reduce operational costs, such as speed control, tracking (origins and destinations), monitoring queues at l...

LH completes Tuban plant project in Indonesia

24 August 2015, Published under Cement News

LafargeHolcim today completed its Tuban project in Indonesia with the official opening of the second kiln line at the cement plant. The new plant will allow LafargeHolcim to tap into key developing markets in Indonesia’s East Java Province. The plant’s coastal location and jetty provides the Group with the flexibility to ship products to other important interisland markets including Sumatra, Kalimantan and Sulawesi. Tuban is a state-of-the-art plant that allows for the highly-efficient prod...

China: Huaxin first-half profit plunges 82%

24 August 2015, Published under Cement News

Huaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos...

Five Holcim (US) plants receive EPA's Energy Star®

20 August 2015, Published under Cement News

Holcim (US) Inc, a member of LafargeHolcim, announced that five of its plants earned the US Environmental Protection Agency's (EPA) ENERGY STAR®. "We are pleased that the EPA has recognised Holcim's continued commitment to environmentally sound practices by awarding five of our plants with the ENERGY STAR® Award," said John Stull, chief executive officer of Holcim (US) Inc. "Sustainability is a core component of our values and a priority for our employees at every plant and facility." This...

LH to sell two eastern Indian plants to Birla Corp

17 August 2015, Published under Cement News

LafargeHolcim announces that it has entered into a letter agreement with Birla Corp Ltd, subject to approval by the Competition Commission of India (CCI), for the divestment of certain assets in India for an enterprise value of INR50bn (approximately US$765.8m). The proceeds from the sale of the divestment business will be used to further reduce debt. As announced in April 2015, LafargeHolcim has received conditional clearance from the CCI for the merger. In that context, a package of ass...

Moody's raises LafargeHolcim outlook to "stable"

12 August 2015, Published under Cement News

Ratings agency Moody's Monday raised the outlook on the long-term and short-term credit ratings of the merged cement group LafargeHolcim to "stable" from previously "negative". The long-term Baa2 rating and the short-term Prime-2 rating were affirmed. Moody's said the ratings action was prompted by the successful completion of the merger process and the EUR6.5bn the merged company received from the sale of assets to CRH. The "stable" outlook reflects the agency's expectations that La...

LafargeHolcim Ltd to launch squeeze-out for remaining Lafarge SA shares

04 August 2015, Published under Cement News

LafargeHolcim Ltd announces that it has decided to initiate a squeeze-out process for all issued and outstanding shares of Lafarge SA. After surpassing the necessary 95 per cent threshold in share capital and voting rights and following a decision by the Board of Directors, LafargeHolcim Ltd plans to request the AMF to implement a squeeze-out procedure pursuant to their general regulations for Lafarge SA shares not tendered to the Public Exchange Offer. LafargeHolcim Ltd will publish f...

LafargeHolcim: results of the re-opened Public Exchange Offer

03 August 2015, Published under Cement News

France's Financial Market Authority published on Friday the final results of the re-opened public exchange offer initiated by LafargeHolcim Ltd (formerly Holcim Ltd) for the shares of Lafarge SA 25,901,191 additional Lafarge S.A. shares have been tendered. Following the settlement-delivery of the re-opened offer which is expected to occur on 4 August 2015, LafargeHolcim Ltd will hold 278,131,864 Lafarge SA shares representing 96.41 per cent of the share capital and at least 95.25 per cen...

LafargeHolcim 2H15 roadmap released

29 July 2015, Published under Cement News

LafargeHolcim has announced its roadmap for the second half of 2015 as it releases half-year results for Lafarge SA as well as Holcim Ltd, the predecessor company of LafargeHolcim Ltd. Eric Olsen, CEO of LafargeHolcim, says: “We continue to operate in a demanding global market environment and this has affected our first-half performance. However, as a new company we have hit the ground running. A team of 200 senior leaders of LafargeHolcim met as early as last week to align on priorities, t...