Cement News tagged under: LafargeHolcim
CRH plc completes Philippines element of LafargeHolcim transaction15 September 2015, Published under Cement NewsCRH 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 debt08 September 2015, Published under Cement NewsLafargeHolcim 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 dividend03 September 2015, Published under Cement NewsFollowing 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 Cantagalo25 August 2015, Published under Cement NewsIn 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 Indonesia24 August 2015, Published under Cement NewsLafargeHolcim 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... |
China: Huaxin first-half profit plunges 82%24 August 2015, Published under Cement NewsHuaxin Cement reported 1H15 net profit of CNY89m, down 82 per cent YoY, in line with the company’s guidance at the end of July indicating a drop of 80-85 per cent. The Holcim group company said thesix-month decline was attributed to lower clinker and cement prices (-12 per cent YoY) offsetting higher sales volumes (23Mt, +1.4 per cent YoY, together with increaesd finance expenses (+9 per cent YoY). Revenue declined by 11 per cent YoY to CNY6.4bn, but this was partially offset by lower cos... |
Five Holcim (US) plants receive EPA's Energy Star®20 August 2015, Published under Cement NewsHolcim (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 Corp17 August 2015, Published under Cement NewsLafargeHolcim 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 NewsRatings 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 shares04 August 2015, Published under Cement NewsLafargeHolcim 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... |