Cement News tagged under: merger

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Holcim and Lafarge announce proposed asset disposals

07 July 2014, Published under Cement News

Two months after the announcement of their planned merger, Lafarge and Holcim have revealed the list of proposed divestments. In Europe the merged entity aims to have “a significant and balanced industrial base in Europe – around 20 per cent of its revenues – within its overall global footprint, enabling it to take advantage of the European economic recovery,” according to a joint statement. LafargeHolcim plans to sell Lafarge’s Mannersdorf works in Austria as well as the Lafarge Tarmac a...

Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake

05 May 2014, Published under Cement News

Pakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ...

LH merger: a new era begins

02 May 2014, Published under Cement News

Lafarge and Holcim have surprised the industry by confirming their intention to combine in a ‘merger of equals’, designed to create an unrivalled building materials group with operations spanning 90 countries and sales of EUR32bn. The transaction, which is scheduled to close by the 1H15, has divided opinion, excited commentators and is certain to herald a new era for the global cement industry. Holcim chairman, Rolf Soiron, (left) and Lafarge CEO, Bruno Lafont, (right) announce the...

CEO Dr Scheifele: LH merger no threat to HeidelbergCement

17 April 2014, Published under Cement News

The announced mega-merger of Lafarge and Holcim is expected to change the competitive landscape in the cement industry as a new global building materials giant, LafargeHolcim, is created. Where does this leave other cement majors such as HeidelbergCement? Dr Bernd Scheifele, CEO of HeidelbergCement, does not view the merger and the benefits of a much larger global footprint as a threat to his company. In a recent interview with Phil Roseberg, Senior Analyst at BernsteinResearch, Dr Scheif...