Cement News tagged under: LafargeHolcim

RSS feed

EAPCC denies reports of potential acquisition

22 January 2019, Published under Cement News

Kenya’s East African Portland Cement Co (EAPCC) has denied recent reports that it was in early-stage talks with LafargeHolcim about a potential acquisition. "It has never featured in any board discussions," said the company’s head of financial management, Stephen Nthei, in an interview with Bloomberg. "I don’t think it’s a considerable move given the current shareholding structure." Lafarge currently holds a 41.7 per cent stake in EAPCC. However, the majority shareholders are the Kenyan g...

Holcim Mexico expects to invest up to US$50m in 2019

21 January 2019, Published under Cement News

Holcim Mexico announced its plans to invest US$30-50m in improving its operating efficiency and distribution network of its cement and concrete plants. "We have a network of over a thousand points of sale in Latin America and in Mexico we are also developing that part of a very long-term plan and a plan for Holcim's vision in Latin America," said Rodolfo Montero, CEO of Holcim. Mexico, in the event. "We also want to improve the efficiency of production, we are very concerned about the envi...

Bangladesh: robust and stable

16 January 2019, Published under Cement News

Large-scale infrastructure, growing urbanisation and strong foreign direct investment are fuelling rising cement demand in Bangladesh. But will it be enough to utilise production capacity as new plants come on-stream and existing works are upgraded and modernised? Bashundhara Cement’s Mongla plant has a production capacity of 2.65Mta, which, along with its 2.4Mta works in Madangonj, makes the company one of the largest producers in Bangladesh Bangladesh’s aspirations to becom...

LafargeHolcim wins Dutch Afsluitdijk contract

14 January 2019, Published under Cement News

LafargeHolcim has been awarded with a key contract in the US$550m renovation of the Afsluitdijk, the Dutch iconic sea defense structure. The company will supply the project with Holcim Basalton Quattroblock to cover around 700,000m2 of the 32km-long dam. Marcel Cobuz, Region Head Europe: “As part of our Strategy 2022 – ‘Building for Growth’ we have committed to growing the new Solutions & Products segment further. We are very proud to be a partner in this landmark project that underlines o...

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...