Cement News tagged under: LafargeHolcim

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Semen Indonesia mandates 5 banks for US$1.3bn bridge loan

03 December 2018, Published under Cement News

Semen Indonesia has mandated five banks for a US$1.282bn bridge loan to support its acquisition of the local unit of LafargeHolcim. BNP Paribas, Deutsche Bank’s Singapore branch, Maybank, MUFG Bank and Standard Chartered are the lead arrangers and bookrunners for the two-year loan, which will be launched into syndication in 2-3 weeks, according to a company announcement. The borrower agreed to acquire 80.6 per cent of Holcim Indonesia, one of the country’s largest cement producers from L...

LafargeHolcim's Capital Markets Day 2018

29 November 2018, Published under Cement News

LafargeHolcim presented a full overview of its 'Strategy 2022 – Building for Growth' programme at its Capital Markets Day held at the Belfry Hotel and Resort, Birmingham, UK, yesterday. Jan Jenisch, LafargeHolcim CEO, said, "Our performance in 2018 shows that execution of 'Strategy 2022 – Building for Growth' is at full speed. We have simplified the organisation and are ahead of target with our SG&A savings programme. With the recent divestment of our Indonesia operations we reached a major...

LafargeHolcim to co-process contaminated lime sludge at Theodore plant

29 November 2018, Published under Cement News

Some 30,000t of arsenic-contaminated lime sludge will be removed from Dunbar, West Virginia, USA, and taken to the LafargeHolcim cement plant in Theodore, Alabama, for co-processing into cement. The sludge had been dumped in the area in the 1960s and earlier plans to ship it to Citrus County first met with resistance from local officials.

Mario Gross steps down as CEO of Lafarge Malaysia

20 November 2018, Published under Cement News

Mario Gross of Lafarge Malaysia stepped down from his role as president and CEO of the company on Friday, after seven months in the position. Mr Gross has been assigned to a new role in the LafargeHolcim group but will also continue as a non-independent non-executive director from 16 November to 31 December this year to facilitate the transition. "During his tenure here, Gross laid the groundwork for the business turnaround plan, putting in place an experienced leadership team and strengt...

PT Semen Indonesia tightens grip on domestic market

19 November 2018, Published under Cement News

This week, LafargeHolcim agreed that PT Semen Indonesia (SMGR) was the successful bidder to buy its 80.6 per cent shareholding in PT Holcim Indonesia at a cost of US$917m. The agreement is subject to regulatory approvals, but SMGR, as a state entity, is not expected to be held up in its desire to extend its hold on the domestic cement market. Indonesia currently has 15 cement companies operating with a total capacity of 110Mta, of which 63 per cent is owned by foreign players. Throug...

Semen Indonesia to buy LafargeHolcim’s Indonesian unit

13 November 2018, Published under Cement News

Indonesia's largest cement producer, Semen Indonesia, is buying the local business of LafargeHolcim for around US$940m. LafargeHolcim is disposing of its entire 80.6 per cent shareholding in Holcim Indonesia. The transaction will merge the operations of Indonesia's largest and third-largest players, representing a significant consolidation in the industry. PT Semen Indonesia currently holds 40.8 per cent of the market while PT Holcim Indonesia has a market share of 14.6 per cent. The deal ...

ACC adopts solar power for Kudithini and Thondebhavi grinding mills

08 November 2018, Published under Cement News

ACC Ltd (LafargeHolcim group) has adopted the use of solar power in the cement manufacturing process at its grinding units in Kudithini and Thondebhavi in Karnataka. The intent is to use about 30MW of solar power at these plants, which will meet over half its annual power requirement – an estimated 45m units of solar power annually. Switching to solar power will reduce CO 2 emissions by 38,000t every year, the equivalent of planting 45,000 trees yearly. An assessment conducted by the Solar...

LafargeHolcim Paulding harnesses wind power

08 November 2018, Published under Cement News

LafargeHolcim's Paulding plant has become the group's first cement plant in North America to harness wind power. "Distributed wind energy is a first for LafargeHolcim in North America and something we're excited to leverage," said Jamie M Gentoso, CEO of US Cement operations. "The Paulding cement plant has been an anchor of this region for decades, producing high-quality cement and mineral components for our nation’s highways, roads, airports and national landmarks. Investing in new ways to...

LafargeHolcim 3Q18 sales grow by 5.8%

26 October 2018, Published under Cement News

LafargeHolcim reports that its 3Q18 results saw like-for-like net sales grow by 5.8 per cent and by 5.1 per cent in the first nine months of 2018 compared to the prior-year period. Growth was driven by increased demand as well as sales price increases. Recurring EBITDA grew over-proportionally by a very strong 8.1 percent in 3Q18 compared to 3Q17. Steep cost inflation in energy and logistics was more than offset by the company’s volume growth as well as the effectiveness of its pricing and...

Algeria steps up exports

24 October 2018, Published under Cement News

GICA, LafargeHolcim and Biskria are expected to export 0.5Mta of cement and clinker from Algeria by the end of 2018 – mainly via the port of Djendjen, according to Abdesselem Bouab, general manager of the port. Since May, GICA has completed three export deliveries for a total of 110,000t of cement. The company’s total contract totals 200,000t and represents a value of over US$4m. In the near future, GICA is planning up to 2Mt. LafargeHolcim exported 100,000t of clinker and 16,700t of cem...