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Lafarge Africa to cut debt by US$270mLafarge Africa will use some of the funds raised by a NGN131.6bn (US$415m) rights issue to cut debt by US$270m, as reported by Reuters. The company inherited US$507m in shareholder loans and US...News - 01 December 2017 |
India: the long game?As the slowdown in India’s key housing sector largely persists, hopes are on the government’s infrastructure plans to bolster domestic cement consumption and narrow the gap between demand and pro...Articles - 29 November 2017 |
Lafarge Africa buys out shareholders of Ashaka CementLafarge Africa has bought out the minority shareholders of Ashaka Cement and issued 85.26m shares as part of a share exchange agreement, reports The Nation. The Nigerian cement manufacturer will n...News - 24 November 2017 |
Binani Cement sale attracts multinationals and local producer interestBinani Cement has attracted interest of as many as 15 bidders, say senior officials at the comapny, including CRH, Lafarge and Heidelberg Cement as well as local players India Cement, Orient Cemen...News - 21 November 2017 |
Will ARM secure a firmer financial footing?The increasing trend of African sector mergers reflects the tightening economic pressures on African cement producers and their challenging prospects going forward. In the past week, ICR has repo...News - 17 November 2017 |
Lafarge seeks approval for tyre burning plansLafarge Canada has applied for industrial approval regarding its plans to burn tyres as an alternative fuel for its Brookfield cement plant. After the successful completion of an environmental ...News - 17 November 2017 |
Lafarge Africa receive shareholders endorsement for mergerLafarge Africa have received the shareholders endorsement for a merger with Unicem and Atlas Cement Company Ltd, according to Nigerian newspaper The Guardian. "The merger is part of the asset co...News - 15 November 2017 |
Lafarge Maldives celebrates 8 years zero lost time injuriesLafarge Maldives has reached an important milestone on 22 September 2017, celebrating eight consecutive years of zero lost time injuries. At Lafarge Maldives, employees aim to conduct their bus...News - 15 November 2017 |
Egypt's juggling actDespite the Egyptian government’s focus on infrastructure investment, the country’s cement producers have had a difficult year so far with energy prices rocketing, competition intensifying and a ...Articles - 14 November 2017 |
Nigercem Nkalagu preparing to commence productionNigercem Nkalagu is planning to begin production in a move which will reinforce Nigeria’s cement production capacity, which presently stands at 25Mt. After shutting down in 2003, the Federal Gov...News - 02 November 2017 |