LafargeHolcim - December 2018

The 39.9 per cent-owned LafargeHolcim associate Huaxin Cement is investing US$245m in a contract to build a new production line for Holcim Philippines at the latter’s Davao works. The project includes a 6000tpd clinker production line, a waste heat recovery unit as well as upgrades to an existing 3000tpd production line.

Meanwhile, the group's subsidiary Bamburi Cement, which operates in Kenya and Uganda, is expecting its net profit to fall by more than 25 per cent to its lowest level in 10 years. In the first half profits declined in both markets as the Kenyan cement market contracted by eight per cent.