Cement News tagged under: Lafarge
Oyak Group eyeing Lafarge and Holcim assets14 November 2014, Published under Cement NewsOyak Group, Turkey’s largest cement producer, has US$2bn in cash for acquisitions and may spend some of it on assets Holcim and Lafarge are looking to shed ahead of their planned merger. The head of the Ankara-based company told Bloomberg in an emailed statement that the group is interested in Holcim and Lafarge businesses in the eastern European countries of Romania, Serbia and Hugary. “We are interested in bidding as Oyak or together with a European group” for assets, Caglar said. Oyak ... |
Lafarge’s nine-month attributable profit falls 25.8 per cent05 November 2014, Published under Cement NewsIn the first nine months of the year, Lafarge's turnover, including its share of joint ventures, declined by 1.3 per cent to €11,332m while the EBITDA edged ahead by 0.5 per cent to €2320m. The trading profit improved by 2.8 per cent to €1589m, while excluding associates there was a 1.2 per cent reduction to €1431m. Net financial charges declined by 6.7 per cent to €701m and the pre-tax profit was three per cent lower at €636m. Following a 33.3 per cent higher tax charge, the net attribu... |
HeidelbergCement won't bid for Lafarge and Holcim assets03 November 2014, Published under Cement NewsHeidelbergCement has said it will not bid for any of the assets up for sale by rivals Lafarge and Holcim as part of their planned merger. “After a thorough analysis, HeidelbergCement has decided to refrain from the ongoing bidding process for the assets offered for sale of Lafarge and Holcim in the frame of its merger proceedings, “ the German cement major said in a statement. There had been speculation that HeidelbergCement would use the anticipated proceeds from the announced sale of its... |
Michigan DEQ grants Lafarge new fuel approval, USA31 October 2014, Published under Cement NewsState officials have approved a request from Lafarge to burn asphalt shingles and plastics at its plant near Alpena, Michigan, USA. The state’s Department of Environmental Quality (DEQ) has approved the permit saying emissions shouldn't have health effects on residents, Alpena News reported yesterday. State environmental engineer Melissa Byrnes says tests at Lafarge showed burning the materials produces air toxins below the department’s threshold levels. The permit approval follows a 1 Oc... |
Nova Scotia to use fracking waste at Lafarge plant30 October 2014, Published under Cement NewsCanada's Nova Scotia province has given the go-ahead for 5Ml of hydraulic fracturing wastewater to be disposed at the Lafarge Brookfield plant following a successful pilot project earlier this spring. The province’s Environment Minister, Randy Delorey, said in a statement he's approved a request from Atlantic Industrial Services to use the waste water at the Brookfield plant. The leftover waste water from drilling that took place seven years ago, estimated in 10 million litres, are current... |
Holcim Philippines board gives nod for Lafarge talks29 October 2014, Published under Cement NewsHolcim Philippines’ board of directors have authorised the company to “consider and negotiate the purchase” of Lafarge’s shares in Lafarge Illigan Inc, Lafarge Mindanao and Lafarge Republic Aggregates, Holcim said in a disclosure to the local stock exchange. Also included is Lafarge's stake in Star Terminal at the Harbour Centre in Manila, and "such other specific assets or contracts as may be identified or negotiated between the parties." Holcim President and CEO Eduardo A Sahagun told... |
Holcim and Lafarge formally notify EC28 October 2014, Published under Cement NewsLafarge and Holcim have formally notified the European Commission (EC) of their proposed merger to obtain regulatory approval and have made slight changes to the list of assets being disposed in Europe. During the pre-notification discussions which Lafarge and Holcim have had with the European Commission, the list of proposed assets for divestment in Europe has been slightly amended. Compared with the list of assets presented on July 7, 2014, the two companies now propose to: • retain Lafa... |
Cemex says no bid on Lafarge-Holcim assets24 October 2014, Published under Cement NewsMexico-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. |
Aditya Birla Group bids for Lafarge, Holcim units22 October 2014, Published under Cement NewsIndia's Aditya Birla Group submitted bids on Monday to buy Holcim and Lafarge assets. UltraTech Cement and other Aditya Birla Group companies have put in bids for Lafarge and Holcim plants in Brazil and the Philippines, valued at US$1.4bn. The group had started operations in the Philippines several years ago and earmarked Brazil as a key place for expansion three years ago. "Aditya Birla group will be unable to bid for assets carved out of the Lafarge-Holcim merger in some of the mark... |
Lafarge Pakistan launches new precast cement22 October 2014, Published under Cement NewsLafarge Pakistan held a launch ceremony for its new specialised OPC, Stallion, an early-setting cement formulated to meet the needs of the precast industry. Marketing director, Rizwan Jamil, said, “Pakistan’s cement industry remains quite basic due to lack of initiatives by the players. Lafarge Pakistan is committed to lead the change by bringing new innovative value offerings tailored to meet the specific needs of various customer groups.” The product is currently available for the p... |