Cement News tagged under: LafargeHolcim

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Lafarge Malaysia reduces net loss in 1Q19

30 May 2019, Published under Cement News

Lafarge Malaysia successfully reduced its net loss to MYR32.07m (US$7.64m) in the 1Q19, compared with MYR68.73m of the year-ago period. However, revenue saw a minor 1.5 per cent YoY fall to MYR538.7m from MYR546.8m, with the decrease attributed to lower cement sales caused by market conditions. The company noted that key infrastructure projects will help reduce the domestic cement industry’s overcapacity, but market conditions are expected to remain challenging. "There is still healthy ...

Cement needs collaborative approach to environmental challenges

20 May 2019, Published under Cement News

This week, HeidelbergCement reported that it was the first cement producer to have its CO 2 reduction targets validated to 2030 , while the Low Emissions Intensity Lime And Cement (LEILAC) pilot plant began test operations at the company's Lixhe cement works in Belgium. This landmark project, which aims to capture 95 per cent of CO 2 emissions from the kiln, is an example of the kind of collaborative industry partnerships that will be critical for the cement industry, if it is to successf...

LafargeHolcim reports net sales growth of 6% in 1Q19

15 May 2019, Published under Cement News

LafargeHolcim reported strong growth in net sales for 1Q19, rising 6.4 per cent and an over-proportional increase in recurring EBITDA, up 20.6 per cent.

 Group net sales of cement for 1Q19 amounted to CHF4079m up from CHF3995m in 1Q18, advancing by 2.1 per cent. Aggregate net sales climbed to CHF813m, up from CHF764m, an increase of 6.4 per cent on 1Q18. The group's ready-mix net sales in 1Q19 totalled CHF1223m, up 3.6 per cent from CHF1181m in 1Q18. The Solutions and Products sector recor...

LafargeHolcim releases its 2018 Sustainability Report

15 May 2019, Published under Cement News

LafargeHolcim has released its Sustainability Report 2018, which outlines the economic, environmental and social performance of the company and presents its objectives for the strategic pillars of climate and energy, circular economy, environment and community. In 2018 LafargeHolcim’s net CO 2 emissions per tonne of cementitious material decreased to 576kg CO 2 /t, a one per cent reduction from 2017 and equal to a 25 per cent reduction compared with 1990 emissions. The improvement was achi...

Lafarge Zimbabwe invests US$25m to improve utilisation

13 May 2019, Published under Cement News

LafargeHolcim group has unveiled a US$25m investment programme to increase utilisation at its subsidiary Lafarge Cement Zimbabwe. However, Lafarge Cement Zimbabwe said the holding group has called on the government to stabilise the availability of electricity and resolve foreign currency issues as these are key determinants to its expansion drive. Milajan Gutovic, LafargeHolcim regional head of the Middle East and Africa group executive committee, said during a meeting with President o...

LafargeHolcim signs agreement to sell Philippine operations

10 May 2019, Published under Cement News

LafargeHolcim has signed an agreement with San Miguel Corp for the sale of its 85.7 per cent share in Holcim Philippines for an enterprise value of US$2.15bn. The deal is expected to close in the 4Q19 and is subject to regulatory approval, according to a press release. The proceeds of this transaction will allow the company to improve its debt ratio by approximately 0.3 times. Following the divestment of its operations in Indonesia, Malaysia, Singapore and the Philippines, it has exited the...

LafargeHolcim to appoint three new Board Members at AGM

18 April 2019, Published under Cement News

LafargeHolcim's Board of Directors are to propose the appointment of three new Members of the Board at the Annual General Meeting (AGM) on 15 May, following the resignation of two Board members. The nominees for the new positions are Colin Hall, Naina Lal Kidwai and Claudia Sender Ramirez. Nassef Sawiris and Gérard Lamarche have decided not to stand for re-election to the Board at the AGM. As the Head of Investments of Groupe Bruxelles Lambert, a major shareholder of LafargeHolcim, Colin H...

Bamburi Cement sees operating profit fall to KES0.8bn in 2018

16 April 2019, Published under Cement News

Bamburi Cement (LafargeHolcim) has reported that operating profit fell to KES0.8bn (US$7.92m) in the 2018, from KES4.2bn in 2017. The decline was attributed to higher energy costs in power, coal and petcoke as well as price rises in raw materials and imported clinker. However, group turnover grew by 3.7 per cent from KES36bn in 2017 to KES37.2bn in 2018.

6th LafargeHolcim Forum is held in Cairo

10 April 2019, Published under Cement News

LafargeHolcim and the American University of Cairo held the 6th LafargeHolcim Forum on 'Rematerializing Construction' in Cairo, Egypt, on 9 April. The forum drew more than 350 leading minds from architecture, engineering, planning and the construction industry and a total of 1200 attendees. Khaled Abbas, Deputy Minister of Housing (Egypt) and Roland Köhler, Chairman of the LafargeHolcim Foundation (Switzerland) welcomed the guests. The meeting included four concurrent workshops with co...

Cimencam inaugurates 0.5Mta grinding plant

05 April 2019, Published under Cement News

President Paul Biya of Cameroon inaugurates the Nomayos grinding plant On Tuesday this week, Cimencam (LafargeHolcim group) officially inaugurated the new Nomayos cement plant. The ceremony was carried out under the patronage of his Excellency Paul Biya, President of the Republic of Cameroon. The grinding plant has a capacity of 0.5Mta and was constructed by CBMI of China. According to Benoît Galichet, CEO of Cimencam, this new production unit is the first step in the transf...