Cement News tagged under: LafargeHolcim

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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...

LafargeHolcim welcomes new CFO

12 October 2015, Published under Cement News

LafargeHolcim announces the appointment of Ron Wirahadiraksa as the Group’s new Chief Financial Officer and member of the Executive Committee. Mr Wirahadiraksa will succeed Group CFO Thomas Aebischer who is pursuing new opportunities outside the Group. Mr Wirahadiraksa is currently Executive Vice President and Chief Financial Officer of Philips, a group he joined in 1987. After working in the Netherlands, Greece, Malaysia and the US, he became Chief Financial Officer at LG.Philips LCD in ...

Lafarge Zimbabwe reports half-year loss

05 October 2015, Published under Cement News

The local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand as the country’s construction industry remains subdued. Lafarge Zimbabwe said volumes of cement sales were down seven per cent during the first half of the year, resulting in a decline in revenue to ZMD25.4m from ZMD28.2m. Operating loss widened to ZMD1.8m from ZMD1.7m incurred in 2014. “The construction industry r...

Lafarge Malaysia Bhd to acquire Holcim Malaysia

21 September 2015, Published under Cement News

Lafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in the southeast Asian country. In a filing with Bursa Malaysia today, Lafarge Malaysia said it has entered into a conditional share purchase agreement with Holcim Indonesia for the proposed acquisition. Lafarge Malaysia said it plans to finance the purchase consideration via a combination of internal funds and/or bank b...

LafargeHolcim offers €60 a share in squeeze-out

15 September 2015, Published under Cement News

LafargeHolcim has decided to implement a squeeze-out procedure for the Lafarge shares not tendered between May and July 2015 (representing 3.56 per cent of the share capital). LafargeHolcim is offering to indemnify in cash the shareholders of Lafarge at a price of €60 per share. As an alternative to the cash indemnification proposed, an exchange option of 9.45 LafargeHolcim shares for 10 Lafarge shares has also been offered. On the date of implementation of the squeeze-out, Lafarge sh...

CRH plc completes Philippines element of LafargeHolcim transaction

15 September 2015, Published under Cement News

CRH has completed the acquisition of the assets acquired from LafargeHolcim in the Philippiness. In early August, CRH confirmed that the majority of the transactions relating to the package of assets to be acquired from LafargeHolcim were complete, with the exception of the operations in the Philippines which it advised would be finalised in 3Q15.

LafargeHolcim offer to pay down €1.75bn debt

08 September 2015, Published under Cement News

LafargeHolcim announced that they have offered to pay down EUR1.75bn worth bonds (average cost of 5.8 per cent) with an expiration date of 15 September. JP Morgan believe this should lower the annual interest cost by CHF423m and help the group in attaining a lower cost of debt. It further believes the company has the ability to further lower gross debt following the disposal of assets to CRH for EUR6.5bn.

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...