Cement News tagged under: LafargeHolcim

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LafargeHolcim secures EUR100m Grand Paris Express project

28 February 2019, Published under Cement News

LafargeHolcim announced the conclusion of a supply contract for the Grand Paris Express project worth EUR110m, where LafargeHolcim will supply 260,000t of cement. The GPE is the largest transport infrastructure project in Europe and represents a total investment of about EUR38.5bn. The project will meet the growing city’s needs for an improved transport infrastructure and will prepare Paris for the 2024 Olympic Games. Assuming that this contract is spread evenly over five years, this repre...

LafargeHolcim temporarily shuts down its Mabini plant

20 February 2019, Published under Cement News

LafargeHolcim temporarily closed the grinding plant in Mabini, Batangas, the Philippines, in compliance to the Environment Management Bureau-Region IV office's order issued on the morning of 13 February 2019. The company is submitting to the legal process on this matter, cooperating with authorities and will work with all stakeholders towards a positive and fast resolution of the issue.   LafargeHolcim stands by its position that the Mabini plant should be allowed to operate. It adheres to...

Ashaka Cement to start 16MW power plant

15 February 2019, Published under Cement News

Ashaka Cement Co is set to inaugurate a 16MW power plant project in Nigeria. Managing Director of Ashaka Cement, Rabiu Abdullah Umar, said the power plant costs US$30.5m. "We are helping to remove ourselves from the demand for energy, and providing our own solution, which means a minimum of 16MW of electricity, will now become available to the public grid for the people in the region to enjoy from," said Mr Abdullah Umar. "The power plant, infrastructure, and cement capacity are all testam...

LafargeHolcim lines up Middle East Africa assets for US$8bn divestment

11 February 2019, Published under Cement News

Just a week after closing the US$1.75bn divestment of Holcim Indonesia, LafargeHolcim is understood to be contemplating the sale of its Middle East-Africa business unit, according to Bloomberg. The sale of the group's Middle East-Africa unit would take divestments well beyond the group's announced target of CHF2bn (US$2bn). In 2018 LafargeHolcim's Middle East-Africa operations are forecast to contribute 13.5 per cent (CHF816m) of group EBITDA and 11.2 per cent (CHF3090m) of group revenue ...

Exshaw plant receives funding boost for low-carbon fuels project

11 February 2019, Published under Cement News

Lafarge Exshaw cement plant (LafargeHolcim group) will receive funding for environmental improvements from a new Emissions Reduction Alberta (ERA) innovations fund for industry in Alberta, Canada. The new fund is a US$70m scheme that derives from Alberta's climate leadership plan and will leverage more than US$200m in 11 provincial projects that are forecast to eliminate 5.3Mt of CO 2 leakage. Kate Strachan, plant manager for Lafarge Exshaw cement plant, said the money will help the compan...

LafargeHolcim appoints new CEO of US Aggregates and Construction Materials business

11 February 2019, Published under Cement News

LafargeHolcim has announced the appointment of Jay Moreau as the new CEO of its US Aggregates and Construction Materials business. Mr Moreau joins the company from Martin Marietta, where he most recently served as senior vice president of Operations Services. "Jay has a proven track record in this industry, and his expertise and strong focus on commercial growth and operational excellence will be valued contributions to LafargeHolcim in the US," said René Thibault, group executive committe...

LafargeHolcim lines up Middle East Africa assets for US$8bn divestment

08 February 2019, Published under Cement News

Just a week after closing the US$1.75bn divestment of Holcim Indonesia, LafargeHolcim is understood to be contemplating the sale of its Middle East-Africa business unit, according to Bloomberg. The sale of the group's Middle East-Africa unit would take divestments well beyond the group's announced target of CHF2bn (US$2bn). In 2018 LafargeHolcim's Middle East-Africa operations are forecast to contribute 13.5 per cent (CHF816m) of group EBITDA and 11.2 per cent (CHF3090m) of group revenue ...

Holcim Australia announces new CEO

06 February 2019, Published under Cement News

Following the commencement of Nick Miller’s duties as CEO of Adelaide Brighton last week, the company has announced the departure of George Agriogiannis, executive general manager of concrete and aggregates. Mr Agriogiannis will become chief executive of Holcim Australia on 11 March. The current CEO of Holcim Australia, Mark Campbell, will leave the company at the end of March. "I wish to announce that Mark Campbell has decided to leave Holcim Oceania to pursue his career outside the grou...

LafargeHolcim makes two ready-mix acquisitions

05 February 2019, Published under Cement News

LafargeHolcim has announced the acquisition of US-based Transit Mix Concrete Co on 1 February 2019. As part of the transaction, the company will take ownership of seven ready-mix concrete plants and a sand quarry. Furthermore, in January 2019, LafargeHolcim acquired the precast and ready-mix businesses of Alfons Greten Betonwerk in northern Germany. As a result, the company added one precast and one ready-mix plant in Lower Saxony to its operations. "In line with our Strategy 2022 – 'Build...

LafargeHolcim completes Indonesia asset sale

01 February 2019, Published under Cement News

LafargeHolcim has completed the divestment of its 80.6 per cent share in Holcim Indonesia to Semen Indonesia, which had an enterprise value of US$1.75bn. The proceeds from the asset sale will improve LafargeHolcim’s net debt to recurring EBITDA ratio by 0.2, with the target of two times or less expected to be achieved before end-2019, according to the company.