Cement News tagged under: merger

RSS feed

Mexico: LH merger green light

18 February 2015, Published under Cement News

Mexico’s Federal Commission for Economic Competition (Cofece) has granted approval for the merger of Lafarge and Holcim (LH). Lafarge is a market player in Mexico through an indirect stake in ELC Tenedora de Cementos, which produces white and grey cement in its plants in Hidalgo state. “On 16 December 2014, Lafarge sold its stake in ELC to Elementia and as such does no longer have any stake in the Mexican cement industry and therefore, the operation does not have any effect on the str...

PPC

03 February 2015, Published under Cement News

PPC’s earnings in the six months to the end of March 2015 could tumble by between 25 and 45 per cent YoY, according to a recent company trading statement. Despite positive cement sales, consolidation of Safika Cement (South Africa) and growth in both Zimbabwe and Botswana, the operating environment in South Africa is expected to remain challenging in both 2015 and 2016. Much of the decline is blamed on weak economic growth and power shortages although increased competition is also taking its...

LH merger markets

07 January 2015, Published under Cement News

The proposed merger of Lafarge and Holcim will see the divestment of assets by both companies in up to 15 markets to satisfy market regulators. In this article, the future cement consumption level for each of these markets is presented in a set of forecasts especially commissioned by ICR. By Rob Roy, ROI Economic Consulting, USA. Lafarge-Holcim merger countries selected for this market forecast With Lafarge and Holcim operating cement plants throughout the world and frequently s...

Holcim

06 January 2015, Published under Cement News

The European Commission has cleared the proposed merger of Holcim and Lafarge, subject to the disposals already agreed with the commission. The names of the merged group’s executive team have been announced and, in addition to the previously-announced CEO and finance director, these consist of four candidates from each of the two companies involved. Meanwhile, Holcim New Zealand is selling its 72 per cent stake in McDonalds Lime to the Canadian group Graymont, which is the second-largest ...

Holcim and Lafarge select future executive committee

24 December 2014, Published under Cement News

Holcim and Lafarge have selected the future executive committee to head the combined company after completion of the merger. In the new set-up, Bruno Lafont, as CEO, will head up a project team of 10 seasoned managers who will lead the transition until the completion of the merger. Once the merger is finalised, the members of this project team will be officially appointed members of the Executive Committee of the proposed combined company by the future Board which will be chaired by Wolfgang...

Cementos Argos

23 December 2014, Published under Cement News

Cementos Argos has pulled out of the running for any Brazilian assets being sold off following the Lafarge/Holcim merger. According to Cementos Argos, any potential purchase would not “generate the value its investments would expect”. UltraTech Cement has reportedly also followed suit with the Brazilian economy being blamed by many for the u-turn. Brazil has seen its economy shrink by 0.9 per cent in 2Q14 and a further 0.25 per cent in the third quarter. Growth of around 1.4 per cent is p...

Cemex says no bid on Lafarge-Holcim assets

24 October 2014, Published under Cement News

Mexico-based Cemex has announced it will not make an offer for Holcim and Lafarge assets that are available due to the proposed merger of the two cement giants, said Cemex CEO, Fernando Gonzalez, in a conference call with analysts.

Argos considers acquiring Holcim and Lafarge Latin America divestments

15 August 2014, Published under Cement News

Colombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge...

Lafarge

06 August 2014, Published under Cement News

The proposed merger with Holcim is likely to result in the sale of Lafarge's operations in Romania, Germany, the Mannersdorf works in Austria, the wholly-owned operations on Réunion and the interest in the Lafarge Tarmac joint venture, though one of its cement works might be taken back into full ownership. The future of the assets in The Philippines and Brazil have yet to be agreed with the relevant competition authorities. Lafarge has agreed the sale its 76.9 per cent holding in Lafarge P...

Mauritius opens LafargeHolcim merger inquiry

06 August 2014, Published under Cement News

The Competition Commission of Mauritius (CCM) has opened an inquiry to determine whether the merger of Holcim and Lafarge will have a negative impact on the competition in the island's cement market. If the merger is completed successfully, Lafarge and Holcim have said they will both sell their holdings in Holcim (Mauritius) Ltd to a third party. "We appreciate that the merger parties have informed the CCM of their actions and are reactive with respect to measures that restore competiti...