Cement News tagged under: Lafarge
HeidelbergCement considering US cement plants09 July 2014, Published under Cement NewsHeidelbergCement might buy the US and French cement plants that Lafarge and Holcim want to divest in order to receive the regulatory approval for their merger deal, according to Jefferies. Financial analysts Jefferies said in a note that HeidelbergCement managers told representatives during a capital markets day event on 2 July in California that the potential merger would be a "once in a generation" opportunity to acquire assets. CEO Bernd Scheifele and CFO Lorenz Naeger were among the ex... |
Holcim and Lafarge announce proposed asset disposals07 July 2014, Published under Cement NewsTwo 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... |
Philippines: Lafarge and Holcim start talks07 July 2014, Published under Cement NewsLafarge Republic Inc (LRI) and Holcim Philippines Inc have begun plans for a local merger. Both Boards of Directors gave the green light "to explore, study and consider the combination" of their businesses "in order to avail... of the resulting synergies and opportunities... and in the course of such study, determine optimal structures to implement the combination". Discussions opened in a special meetings on 6 July. Both companies said "it is contemplated LRI's two plants in Norzagaray, B... |
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
Mexico: Cementos Fortaleza plant to be inaugurated next week04 July 2014, Published under Cement NewsMexichem, Elementia and Lafarge will inaugurate the first plant of Cementos Fortaleza on Tuesday, 8 July 2014. The event will be led by Mexico’s president, Enrique Peña Nieto, and Carlos Slim Helú, head of Grupo Carso. The new works is located in Santiago de Anaya, Hidalgo, and is expected to produce 2Mta. Cementos Fortaleza is a strategic alliance between Elementia, which holds 53 per cent of shares, and Lafarge, which holds the balance. |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
Lafarge Iraq launches an improved version of Karasta multipurpose cement26 June 2014, Published under Cement NewsLafarge Iraq has launched a new version of Karasta, its multipurpose cement which is tailor-made for the Iraqi climate and market needs. To meet customer expectations and requirements the formula of Karasta was revised to improve its workability, decrease cracking and improved setting time as well as better adhesion. Karasta's new formula meets the Iraq specification 3868 and the international standards EN 197-1:2011 CEM II/A-L 42.5 R, which is similar to Lafarge products in other countrie... |
Bamburi Cement names new CEO26 June 2014, Published under Cement NewsBamburi Cement, part of the Lafarge group, has announced the appointment of Bruno Pescheux as chief executive officer and a member of the Board of Directors, effective 21 July 2014. Mr Pescheux previously held the position of CEO of Lafarge Syria. He takes over from Hussein Mansi who has been Bamburi Cement’s CEO over the past five years. |
Lafarge and Holcim hire banks to sell assets24 June 2014, Published under Cement NewsLafarge and Holcim have hired banks to sell assets as they try to secure antitrust approval for their planned merger, according to reports by Bloomberg citing people with knowledge of the matter. Holcim has hired Credit Suisse and HSBC, while Lafarge is working with Morgan Stanley and BNP Paribas, the sources stated. The sales process is likely to start in the autumn, they said. To satisfy regulatory requirements Lafarge and Holcim will have to make divestments equivalent to around 15 ... |