Cement News tagged under: LafargeHolcim
CRH changes its segmental reporting structure08 August 2016, Published under Cement NewsFollowing the significant acquisition activity undertaken during 2015, CRH has made some adjustments to its segmental reporting structure. The LafargeHolcim assets acquired in 3Q15 have been fully integrated into the group and will be reported as part of Europe Heavyside, Americas Materials and a newly created Asia reporting segment in the company's 2016 Interim results announcement on Thursday, 25 August 2016. |
LafargeHolcim 2Q16 results05 August 2016, Published under Cement NewsLafargeHolcim released its second quarterly results today, which reported net sales of CHF7.28bn (US$7.47bn). Adjusted operating EBITDA (excluding merger, restructuring and other one-offs) increased six per cent like-for-like in the quarter to CHF1.7bn (US$1.75bn). Net income increased CHF318m (US$326.5m) to CHF452m (US$464m) for the first half of the year and the group's annual divestment target of CHF3.5bn (US$3.59bn) was exceeded. CEO of LafargeHolcim, Eric Olsen, said, “Our focus on p... |
Siam Cement acquires 65% share in Lafarge Holcim Vietnam05 August 2016, Published under Cement NewsLafargeHolcim Ltd has signed an agreement with Siam City Cement Public Company Ltd f or the divestment of its 65 pe rcent shareholding in LafargeHolcim Vietnam, it said on Thursday. The enterprise value of the deal was CHF867m (US$890.7m), on a 100 per cent basis, the Swiss-French group said in a statement. It said the transaction was subject to customary regulatory and shareholder approvals, as well as to a right of first refusal of LafargeHolcim's joint venture partner, and was expec... |
LafargeHolcim changes to Executive Committee05 August 2016, Published under Cement NewsLafargeHolcim has announced changes made to the Executive Committee, which reflect the evolution of the group’s portfolio following recent divestments and the transition into its next phase as its closes the integration phase. New appointments are as follows: Paul Casanova will take responsibility for North America, including Mexico (currently responsible for operations in Latin America) Roland Köhler will add Australia, New Zealand and Trading to his responsibilities (currently res... |
LafargeHolcim announce further Chinese sales04 August 2016, Published under Cement NewsLafargeHolcim has, for the second time in a week, announced that it is to sell some of its Chinese assets. Reuters reports that the company is to sell 13 integrated plants and four grinding stations for CHF208m (US$215m). The assets – currently operated by Lafarge China Cement – are to be purchased by Huaxin Cement, in which LafargeHolcim itself has a 41.8 per cent shareholding. Commenting on the sale, LafargeHolcim CEO Eric Olsen said: "Following our announcement earlier this week to ... |
LafargeHolcim zero fatality rate04 August 2016, Published under Cement NewsSafety Coaching, a safety consultancy firm, has helped LafargeHolcim create safer sites and improve incident reporting. The company established a programme for improving construction safety for projects employing up to 5000 workers. Rob Shore, of Safety Coaching, says, “We’re very pleased with our successful delivery of a variety of training and coaching courses to LafargeHolcim, helping them to achieve a zero fatality rate in the sites where we have been directly involved and boosted saf... |
Ecuador: a challenging recovery03 August 2016, Published under Cement NewsWith severe earthquakes, massive debts and low crude oil prices, Ecuador’s way ahead appears uncertain. The country’s future is dependent on the outcome of the 2017 elections and a recovery in oil prices to get the economy moving again in the right direction under positive leadership. By Rob Roy, ROI Consulting, USA. Ecuador faces an uncertain future, but next year's presidential elections may provide the potential for change Ecuadorian cement consumption is expected to decline ... |
LafargeHolcim02 August 2016, Published under Cement NewsLafargeHolcim has agreed to sell Lafarge India to the Indian conglomerate Nirma Ltd for around US$1400m. It will be Nirma’s first investment in the cement sector and comes in spite of a marginally higher offer from a Chinese cement producer. The deal involves three cement works and two grinding centres with a combined capacity of some 11Mt and is also one of the largest ready-mixed concrete producers in India. The disposal of some cement operations were demanded by the competition authoritie... |
China: LafargeHolcim to sell stake in Shuangma Cement02 August 2016, Published under Cement NewsLafargeHolcim has announced that it has signed a deal with Tianjin Circle Enterprise Management Centre that would see the Franco-Swiss multinational sell a 55.93 per cent stake in Sichuan Shuangma Cement for CHF507m (US$525m). Subject to shareholder approval, the acquisition is expected to be completed by 4Q16. Following the sale, Lafarge will retain a stake of around 20 per cent in Shuangma. The agreement reached with Tianjin Circle leaves open the possibility – until 2018 – of either pa... |
New communication manager at Holcim Romania02 August 2016, Published under Cement NewsVeronica Dobre has been appointed the new Communication Manager of Holcim Romania. She takes the position over from Ioana Borangic, who had worked for the company for six years. Ms Dobre holds a degree in Public Relations from the UK Chartered Institute of Public Relations and is also a Political Sciences, Communication and Public Relations graduate of the National School of Political Administrative Studies of Bucharest. Speaking on her new appointment, Ms Dobre said, “Holcim has alway... |