Cement News tagged under: Holcim
LH clearance received in US and Canada05 May 2015, Published under Cement NewsLafarge and Holcim have received final approval for their proposed merger from the competition authorities in the USA and Canada. All competition approvals necessary for closing the transaction have now been obtained ahead of the expected closing in July 2015. Following the regulatory assessment in all key jurisdictions, Holcim and Lafarge can now present a final list of divestments to satisfy regulatory requirements. These divestments remain subject to the completion of the merger,... |
LH Merger nears completion01 May 2015, Published under Cement NewsAs Holcim’s shareholders prepare to meet next Friday to vote on the planned merger with Lafarge, will the confirmed support of Eurocement and a better than expected 1Q15 performance by Lafarge be enough to seal the deal? The planned EUR41bn tie-up between the world's two leading cement majors – billed as a “merger of equals” – was thrown into doubt in March as Holcim demanded new terms, stating that the deal “could no longer be pursued in its present form.” Holcim investors had wat... |
Holcim sees continued growth in the USA30 April 2015, Published under Cement NewsHolcim's first quarter turnover declined by 2.8 per cent to CHF3972m (€3699m), but on a like-for-like basis, there was a 1.6 per cent reduction while measured in euros the turnover was ahead by 10.7 per cent. Operating EBITDA declined by 3.9 per cent to CHF593m (€552m). The trading profit was down by 11.5 per cent to CHF261m (€243m), while the net attributable profit jumped by 289.3 per cent to CHF310m (€289m). Net debt at the end of March was 0.3 per cent higher at CHF9670m (€7862m) to g... |
Eurocement backs Holcim-Lafarge merger30 April 2015, Published under Cement NewsEurocement Holding AG, Holcim Ltd's second-largest shareholder, said it supports the Swiss cement maker's planned merger with Lafarge SA . "Having analysed all advantages and disadvantages of a possible creation of the biggest global construction materials player we think that the prospective of the development of the combined company is very positive, so we will support the merger," Eurocement said in a statement. Eurocement, which has a 10.8 per cent stake in Holcim, said it intends to k... |
Holcim automates logistics services with Schenck Process‘ LOGiQ software28 April 2015, Published under Cement NewsHolcim has optimised its automated dispatch processes and weighing technology in its eastern Europe plants. Since the beginning of the year, the LOGiQ logistics software by Schenck Process has been automating all process and data management relating to dispatch services in the company's 14 locations from Slovakia to Bulgaria. Four other locations are currently in the process of being connected to the highly available dispatch automation system including all Outbound-, Inbound- and AFR transp... |
Holcim and Lafarge receive EC approval for CRH as buyer of divestment assets27 April 2015, Published under Cement NewsThe European Commission has cleared under the EU Merger Regulation the proposed acquisition of several assets of Holcim and Lafarge by Irish building materials manufacturer CRH. The Commission concluded that the transaction would raise no competition concerns, in particular because the merged entity will continue to face sufficiently strong competition after the merger and customers will have alternative suppliers in all markets concerned. The proposed transaction concerns assets worth seve... |
Italcementi Group to acquire two Holcim facilities in the US23 April 2015, Published under Cement NewsEssroc, the North American subsidiary of Italcementi group company Ciments Français, has signed an agreement with Holcim to purchase the slag cement grinding facility in Camden, New Jersey, USA. As part of the transaction, Essroc will also obtain Holcim cement terminal in Everett (Massachusetts). The acquisition will be finalised pending completion of the Holcim and Lafarge merger later this year. Holcim’s staff in Camden and Everett will join Essroc, Italcementi said in a statement. The ... |
ISS backs LafargeHolcim deal22 April 2015, Published under Cement NewsUS shareholder adviser ISS has recommended that Holcim investors back the Swiss cement maker's proposed merger with Lafarge ahead of next month's shareholder vote on the tie-up. Backing from ISS is a boost Holcim as it seeks to win the support of two-thirds of investors at a shareholder meeting on 8 May 2015 to approve a capital increase to fund the proposed deal. ISS said in its report to investors that the deal warranted investors' support as it had a clear strategic rationale and offere... |
Holcim Awards for Sustainable Construction21 April 2015, Published under Cement NewsThe winners of the 4th Global Holcim Awards for Sustainable Construction have been decided – the trophies and US$350,000 prize money go to projects in Colombia, Sri Lanka and the USA. "All three prizes recognise architectural interventions that deliver tangible benefits to local communities," according to a statement by Holcim. Gold A project for a public park in Medellín, Colombia, that creates urban spaces around a series of water tanks to form a “socio-technical” landscape of mag... |
Holcim says Eurocement proposal 'too late' for consideration at meeting17 April 2015, Published under Cement NewsHolcim said a proposal by a major shareholder to have a seat on the LafargeHolcim board had come too late to be included in the agenda of a shareholder meeting next month. Lafarge and Holcim announced the names of the candidates for the board of the new group earlier this week, in a list comprising seven nominees from Holcim and seven from Lafarge. On Wednesday, Eurocement notified Holcim that, as the Swiss major’s second largest shareholder, it was nominating Galchev to join the board... |