Cement News tagged under: LafargeHolcim

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The new Asian paradigm

01 April 2019, Published under Cement News

This week CemNet news reported on the latest developments in LafargeHolcim's (LH) sale of Holcim Philippines Inc. Shares in the company have risen 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, according to Bloomberg data. A decade ago, every cement major wanted to grab a piece of the Emerging Market pie. What happened? Holcim Philippines operates five plants with 9.6Mta capacity, following the recent grinding mill expansion at its La Union plant in North L...

Big Asian producers in the frame for Holcim Philippines acquisition

28 March 2019, Published under Cement News

China's Anhui Conch Cement Co and Japan's Taiheiyo Cement Corp have been invited to the next round of bidding for LafargeHolcim's Holcim Philippines Inc, along with Eagle Cement Corp. Shares of Holcim Philippines have risen more than 50 per cent since January 2019, giving the cement maker a US$1.3bn market value, says Bloomberg. Holcim Philippines has also attracted interest from China Resources Cement Holdings Ltd and Hongshi Group Co, reports Bloomberg. Meanwhile, Holcim Philippines In...

ACC Ltd's cement sales rise to 28.37Mt in 2018

28 March 2019, Published under Cement News

At ACC Ltd's (LafargeHolcim group) 83rd Annual General Meeting, Neeraj Akhoury, managing director and CEO, said the company's cement sales had increased eight per cent to 28.37Mt in 2018. Mr Akhoury added that despite facing multiple rising costs of coal, fuel, petcoke and diesel the company registered robust revenue and volume growth across all four quarters of 2018. Cement sales rose by over 2Mt on 2017 and the premium product range grew by 36 per cent. ACC Ltd's consolidated EBITDA gr...

LafargeHolcim Maroc appoints new Chairman of the Board

25 March 2019, Published under Cement News

Lafargeholcim Maroc has appointed Ali Fassi Fihri, former chief executive of the National Office for Drininking Water and Electricity (ONEE), to chairman of the board. Mr Fihri, who was dismissed from ONEE by King Mohammed VI in October 2017, now replaces Tarafa Maraouane, who resigned from his position.

LafargeHolcim to help build Africa's highest tower

20 March 2019, Published under Cement News

LafargeHolcim will play a key role in building Egypt's new capital, currently under construction 45km outside of Cairo. The city will become the country’s new administrative and financial capital, with around five million inhabitants. Among the buildings using LafargeHolcim's innovative, high-performance materials is the so-called Iconic Tower, which is set to become the highest tower in Africa with a height of 385m when completed by the end of 2020. For the Iconic Tower, LafargeHolcim is ...

Fives FCB completes kiln and tyre replacement at Val d'Azergues plant

19 March 2019, Published under Cement News

Fives FCB has successfully completed the kiln shell replacement at LafargeHolcim's Val d'Azergues plant, France. LafargeHolcim previouly signed an agreement with Fives FCB in 2018 for the replacement of 9m section of its kiln shell at the Val d’Azergues plant, including the replacement of one tyre, roller and seal.
 Site installation and preliminary works started in the beginning of January 2019.
 Mid-January replacement works were initiated: ducts were dismantled for crane access, old p...

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...