Cement News tagged under: LafargeHolcim

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Yeoh Khoon Chen redesignated as Lafarge Malaysia CEO

14 March 2019, Published under Cement News

Lafarge Malaysia’s CFO Yeoh Khoon Cheng has been redesignated as the company’s CEO with immediate effect. On 16 November last year he was appointed interim CEO. He is a member of the Malaysian Institute of Certified Public Accountants and joined Lafarge in 1987 as a finance manager. Since then, he has held various positions in the group’s business development, mergers and acquisitions and corporate finance. In January 2016, he was appointed CFO in Huaxin Cement Ltd – post which he held unt...

LafargeHolcim acquires Colorado River Concrete

13 March 2019, Published under Cement News

LafargeHolcim has completed its second US acquisition of 2019, adding Texas-based Colorado River Concrete to its list of ready-mix producers. The company serves customers in the southwestern Dallas/Fort Worth area and parts of west Texas. The new deal follows the acquisition of Transit Mix Concrete Co on 1 February this year.

LafargeHolcim Russia appoints new CEO

12 March 2019, Published under Cement News

LafargeHolcim Russia appointed M Goncharov as the new CEO of the company on 1 March 2019. G Brusco, the former chief executive, has been transferred to the group’s corporate office in Switzerland, according to AK&M. Meanwhile, E Molodtsova was affirmed as the commercial director.

LafargeHolcim reports positive 2018

07 March 2019, Published under Cement News

LafargeHolcim has announced that its net sales increased 5.1 per cent on a like-for-like basis to CHF27,466m (US$27,344m) for 2018. Recurring EBITDA finished at CHF6016m, up 3.6 per cent like-for-like for the full-year period, after a positive performance by the company’s cement, aggregates and ready-mix concrete segments. Net income advanced 10.8 per cent YoY to CHF1569m, compared with CHF1417m of 2017. Group sales of cement rose 4.4 per cent like-for-like at 221.9Mt, while aggregates show...

LafargeHolcim Algeria ships first white cement exports to South Africa

07 March 2019, Published under Cement News

LafargeHolcim Algérie loads its first white cement shipment onboard for export LafargeHolcim Algérie has carried out its first exports of white cement from Oran, Algeria, to South Africa. A consignment of 10,000t of “Super White” cement, produced in the company’s Oggaz plant, was shipped to Cape Town. The shipment is part of the company’s export programme, launched in 2018. In the run-up to 2021, LafargeHolcim expects to export 10Mt of grey cement clinker to west Africa.

French judges drop case against former LafargeHolcim CEO

06 March 2019, Published under Cement News

Eric Olsen, former LafargeHolcim CEO, is no longer being investigated by French judges as part of a wider investigation into whether the company helped finance terrorism in Syria. "I am very pleased that the justice system has decided to drop the investigation into me for financing terror. This decision restores my honour and will allow me to pick up the thread of my career, after I fought for long months to establish the truth," said Mr Olsen. French authorities have been investigating wh...

Lafarge Zambia appoints new CEO

06 March 2019, Published under Cement News

Lafarge Zambia (LafargeHolcim group) has appointed Jimmy Khan as its new Chief Executive Officer. Board Chairman, Muna Hantuba, stated Mr Khan's appointment is with immediate effect. "Mr Khan holds a Bachelor of Science in Business with a major in Accounting and Information System from Virginia Tech University in the United States of America. His career with Lafarge spans 14 years, with his previous roles within the group having included Country Business Process Manager, Audit Manager and H...

LafargeHolcim's Ravena plant to fight for waste tyre burning

05 March 2019, Published under Cement News

LafargeHolcim has urged local residents near to its Ravena cement plant to defeat a new law that would prevent the cement company from burning tyres. Last week the company took out a full-page advertisement in the local paper to promote its cause. A new proposal would prevent the burning of waste tyres. Drafted last summer, the new measure plans to set the strictest national limits on tyre burning and emissions of dioxins and furans, mercury, SO x and NO x . The Ravena plant's current air...

Nomayos substation connects to grid for new Cimencam works

05 March 2019, Published under Cement News

The new Cimencam cement works in Nomayos will be able to draw power from Cameroon’s transmission network from 5 March as the Nomayos electricity substation will be connected to the country’s transmission system. Following connection, the cement plant’s commissioning is due to take place soon. The Cimencam cement plant represents an investment of CFA23bn with 5-10 years of tax and customs exemptions in line with 2013 provisions laid out by the Cameroonian government. The 0.5Mta works will r...

LafargeHolcim Bangladesh's profits up 38%

04 March 2019, Published under Cement News

LafargeHolcim Bangladesh has informed Dhaka Stock Exchange (DSE) that its consolidated profit stood at BDT1.11bn (US$13.1m) for the year ended on 31 December 2018, up 38 per cent from BDT805m in the previous year.   Producing around 4.2Mta of cement, LafargeHolcim Bangladesh has sofar invested about US$500m in Bangladesh, and is having plans for further investments. The plant at Chhatak, Sunamganj, is the only dry-process integrated cement plant of the country. Furthermore, the company's pl...