Cement News tagged under: LafargeHolcim
India: Nirma to acquire Lafarge India for US$1.4bn11 July 2016, Published under Cement NewsLafargeHolcim has announced that it has reached agreement with Nirma Group for the sale of Lafarge India. The deal - valued at US$1.4bn - will see Nirma acquire assets that include 11Mta of grinding capacity and several limestone quarries. Nirma has won out against four other bidders: China’s Anhui Conch, Mexican firm Cemex, and domestic firms JSW Cement and Piramal Group. The Competition Commission of India still needs to approve the move, but given Nirma’s small existing presence in the... |
Vietnam: consolidation unavoidable08 July 2016, Published under Cement NewsAnalysts may ponder whether cement production in Vietnam is entering a crucial phase as this week the Ministry of Construction announced that it would be divesting a large stake in the Vicem cement group with a public offering in the 4Q16. Cement oversupply in the market is increasing while exports have been difficult and as cement prices come under pressure, consolidation appears now unavoidable. Vicem also holds 35 per cent of shares in Holcim Vietnam, a member of the LafargeHolcim Gro... |
Greece: Heracles Cement plant modernisation07 July 2016, Published under Cement NewsHeracles Cement, a member of the LafargeHolcim Group, announced the completion of its first phase of an investment plan to modernise its Volos plant. The project, costing approximately EUR5m (US$5.5m), aims to boost the plant's export activity and competitiveness in the domestic market. In 2016, Heracles Group has modernised the plant's electrical installations, as part of its strategic priorities to ensure employees' Health and Safety, improve functionality and achieve sustainable dev... |
LafargeHolcim’s fifth international design awards opens for entries06 July 2016, Published under Cement NewsThis week sees LafargeHolcim’s fifth international sustainable construction awards open for submissions. The awards, administered by the LafargeHolcim Foundation, will be accepting entrants until 21 March 2017. The competition’s main category is open to architects, planners, engineers, students of related disciplines, project owners, builders and construction firms that showcase sustainable responses to technological, environmental, socioeconomic and cultural issues within contemporary bu... |
LafargeHolcim04 July 2016, Published under Cement NewsLafargeHolcim aims to sell its operations in Sri Lanka, which consists of one integrated works, a grinding centre and a bagging plant. Its cement production in 2015 amounted to 1.7Mt, generating a turnover of US$158m. Three local companies are thought to be potentially interested along with some foreign companies, notably Chinese. Ambuja Cement is to increase the capacity of its grinding centre at Rupnagar, Punjab by 0.9Mta to 3.4Mta. |
Deadline day reached for Lafarge India bids04 July 2016, Published under Cement NewsToday (4 July) sees the passing of the deadline by which bidders must submit binding offers for Lafarge India's assets. According to press sources, five companies – three domestic and two foreign – are in the running for the facilities, which include production capacity of 11Mta. The five firms submitting their bids today are: Cemex, Anhui Conch, JSW Cement, Piramal Enterprises and the Nirma Group. Of the five, only JSW Cement has a significant presence in the Indian market: the company h... |
LafargeHolcim appoints Alessandra Girolami as Head of Investor Relations01 July 2016, Published under Cement NewsAs of 1 September 2016, Alessandra Girolami will be LafargeHolcim's new Head of Investor Relations. She will report to Group CFO, Ron Wirahadiraksa, and succeeds Michel Gerber. She was previously employed by Carrefour Group as Head of Financial Communications and Investor Relations. |
LafargeHolcim and CDC bring low-carbon building material to market29 June 2016, Published under Cement NewsLafargeHolcim and CDC Group, the UK's development finance institution, have announced the creation of 14Trees, a joint venture that aims to accelerate the productdion and commercialisation of Durabric, which the company describes as "an environmentally-friendly, affordable alternative to traditional clay burnt bricks". 14Trees will benefit from the expertise of LafargeHolcim’s R&D centre to help address the growing demand for affordable housing for some of the nearly 3bn people around th... |
Adelaide Brighton sees potential in US$2bn acquisition22 June 2016, Published under Cement NewsAdelaide Brighton Group says it has carried out detailed work on a potential US$2bn acquisition of the Australia and New Zealand operations of LafargeHolcim, including a plan to address competition issues. Martin Brydon, Adelaide Brighton's chief executive, confirmed that Adelaide Brighton had been working with its longstanding takeover defence adviser Credit Suisse and Blackpeak Capital. Mr Brydon said that while LafargeHolcim had still given no indication it was selling the Austral... |
LafargeHolcim plans further asset sales13 June 2016, Published under Cement NewsIt has been revealed that LafargeHolcim is under pressure to find further synergies for the newly-formed cement major. LafargeHolcim was created by a EUR41bn merger last year but is stepping up its post-deal disposal programme with planned asset sales in an another nine countries, claims the Financial Times. Eric Olsen, LafargeHolcim's chief executive, has been prompted by investors to boost the group's performance, which has been hit by severe global pricing pressures and weak economic gr... |