Cement News tagged under: LafargeHolcim

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Lafarge Zimbabwe appoints new CEO

11 January 2019, Published under Cement News

Lafarge Zimbabwe has appointed a new CEO to lead the company as it fights to maintain its market share following a rise in imports and increasing competition from domestic rivals. Kaziwe Siame Kaulule will replace Amal Naiel, who left Lafarge Zimbabwe “to pursue other personal interests” after being in charge of the company for five years. Mr Kaulule, who is from Zambia, joins Lafarge Zimbabwe from Lafarge Holcim in the UK, where he was general manager for retail and has previously serve...

Nassef Sawiris reduces stake in LafargeHolcim

10 January 2019, Published under Cement News

One of LafargeHolcim’s biggest shareholders, Nassef Sawiris, reduced his stake in the company by nearly 1.6m shares in December 2018. The shares had a value of over CHF66m (US$67.5m), according to a report by Handelszeitung. Mr Sawiris now holds just under 21m shares in the company, representing just over three per cent. He was once the third-largest shareholder behind Thomas Schmidheiny and Belgium’s Groupe Bruxelles Lambert (GBL).

LafargeHolcim advances Legal and HR to Executive Committee

19 December 2018, Published under Cement News

LafargeHolcim has promoted its Legal and Human Resources (HR) functions to its Executive Committee to strengthen its agile management focus, while its Corporate Growth and Performance function will be organised into three centres of excellence. As a result of the changes, Feliciano González Muñoz, who leads HR, and Keith Carr, who heads up Legal and Compliance are appointed as members of the executive committee. Urs Bleisch will support the transition of Corporate Growth and Excellence a...

CILAS ships first clinker exports to west Africa

18 December 2018, Published under Cement News

Ciment Lafarge Souakri (CILAS) carried out it first export operation of 35,000t of clinker from Algeria’s Annaba port to west Africa. The shipment is part of LafargeHolcim Algeria’s drive to export more than 2Mt of product in 2020. "This new transaction underscores the LafargeHolcim Group's unwavering commitment to diversify the country's non-hydrocarbon revenue," said LafargeHolcim Algeria. The CILAS plant in Biskra has a production capacity of 2.7Mta, which is expected to be increased t...

LafargeHolcim eyes Indian growth

17 December 2018, Published under Cement News

This week, LafargeHolcim group stepped up its efforts to expand its operations in the high-growth Indian cement market. Both ACC Ltd and Ambuja Cement, subsidiaries of LafargeHolcim that control a combined 63Mt of capacity, have announced new capex programmes. LafargeHolcim controls a 63.11 per cent stake in Ambuja Cement and Ambuja Cement has a 50.05 per cent shareholding in ACC Ltd, with LafargeHolcim also having a 4.48 per cent direct shareholding in ACC Ltd. ACC Ltd greenfield plant ...

Ambuja Cement announces greenfield investment and CEO resignation

13 December 2018, Published under Cement News

The Board of Directors of Ambuja Cements Ltd (LafargeHolcim group) has approved an initial investment of INR3,900m (US$54.1m) for the first phase of the 1.7Mta greenfield clinker line project at Marwar Mundwa in the State of Rajasthan, India.

 The Board of Directors of the company has also approved an additional clinker capacity of 1.4Mta (taking the total clinker capacity to 3.1Mta), additional cement grinding capacity of 1.8Mt and a captive power plan and waste heat recovery system at Ma...

LafargeHolcim Guinea orders mobile grinding plant

11 December 2018, Published under Cement News

CBMI has signed an EPC contract to build a modular mobile grinding plant for LafargeHolcim Ciments de Guinea. The grinding plant will be located at Dubréka town, 80km from the port of Conakry. LafargeHolcim Ciments de Guinea currently has a 70 per cent share of the local market in Guinea.

Sludge will no longer be moved to Alabama plant

07 December 2018, Published under Cement News

After receiving sludge from a site in Fort Myers, Florida, LafargeHolcim's Geocycle has determined that the material will not be suitable for its purposes at its Alabama facility due to the length of time required for transportation.  "Last week, water treatment material from Fort Myers was trucked to the Holcim Theodore plant in Alabama to evaluate how to best handle and use. We determined that, at this point-in-time, this material doesn't fit our process requirements. The city's timeline...

GBL's Albert Frère dies at 92

06 December 2018, Published under Cement News

Belgian investor Albert Frère has died at the age of 92, according to his investment company Groupe Bruxelles Lambert (GBL). Mr Frère, who had a private fortune estimated at around EUR6bn, supported major mergers and acquisitions such as the merger of Lafarge and Holcim into LafargeHolcim in 2015. "For more than three decades, GBL has developed under his leadership into one of the largest holdings in Europe," says the GBL. "His professional and human qualities have had a strong impact on o...

LafargeHolcim Bangladesh amalgamates subsidiary

06 December 2018, Published under Cement News

LafargeHolcim Bangladesh Ltd (LHBL) informed Dhaka Stock Exchange on 2 December that the Board of Directors has decided to amalgamate of the company with its subsidiary Holcim Cement (Bangladesh) Ltd (HCBL). The amalgamation is subject to requisite approval of the banks and other creditors to the company, approval of the shareholders and finally, sanction of the Honourable High Court Division of the Supreme Court of Bangladesh. LHBL has acquired 100 per cent shares of HCBL for a conside...