Cement News tagged under: LafargeHolcim

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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...

AI takes ownership of Lafarge Cement assets

22 July 2015, Published under Cement News

Aggregate Industries, part of the LafargeHolcim group, is the newest entrant to the cement production market in the UK, having taken ownership of the Cauldon and Cookstown cement plants in the UK. The acquisition of these two plants, along with a quarry at Cauldon Low and a cement terminal at Belfast Docks, was finalised on Monday and involved the transfer of 250 employees from the existing operations to Aggregate Industries. Becoming a cement producer and supplier is the final piece in ...

LafargeHolcim buys out 50% interest in Lafarge Tarmac as part of divestment process

17 July 2015, Published under Cement News

As part of the preliminary steps to implement the disposals required by the European Commission for its approval of the merger to create LafargeHolcim and as previously announced, the group today completed the acquisition of the 50 per cent share in Lafarge Tarmac held by Anglo American for GBP992m (including changes in working capital). This step is required to allow for the full divestment of Lafarge Tarmac, with the exception of the Cauldon and Cookstown plants and certain non-operationa...


LafargeHolcim officially launched around the world

15 July 2015, Published under Cement News

LafargeHolcim today officially launches the new Group around the world and announces key elements of its ambitions for the future. Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new Group will now work towards creating the highest performing company in the building materials industry, the company said in a statement. LafargeHolcim CEO Eric Olsen says: “Now as LafargeHolcim, we will step...

LafargeHolcim starts trading on SIX in Zurich and Euronext in Paris

14 July 2015, Published under Cement News

Following the successful completion of the merger between Holcim and Lafarge, LafargeHolcim today starts trading on the SIX Swiss Exchange in Zurich with the ticker symbol LHN and on Euronext in Paris, joining the Swiss Market Index (SMI) and the CAC 40 index (replacing Lafarge S.A.) respectively. The combined entity has a total market capitalisation of around CHF41bn (EUR39bn) per 13 July 2015. Trading in LafargeHolcim shares starts at 09:00 am CEST today. Representatives of LafargeHolci...