Cement News tagged under: Lafarge
Lafarge and Holcim to make portfolio decisions in India16 June 2014, Published under Cement NewsHolcim Ltd and Lafarge SA may sell some assets in India to clear the competition hurdle and are considering units in Rajasthan and Chhattisgarh where the two companies have common presence. Holcim operates in India through Ambuja Cements Ltd and ACC Ltd, and Lafarge through Lafarge India Pvt Ltd. Lafarge runs units in Chhattisgarh, Jharkhand, Rajasthan and West Bengal while ACC and Ambuja Cements own integrated plants in Rajasthan and Chhattisgarh, among other places. "In states where ... |
Lafarge sells Ecuador operations28 May 2014, Published under Cement NewsLafarge announced the sale of its cement operations in Ecuador for an enterprise value of US$553m to Union Andina de Cementos SAA (UNACEM). Lafarge Cementos SA operates an integrated cement plant of 1.4Mt of capacity, located in Otavalo, in the North of the country. This divestment will contribute to Lafarge's objective to reduce net debt below EUR9bn in 2014, the group said. Ecuador was one of the countries where the proposed ‘LafargeHolcim’ combination was expected to see considerable... |
Lafarge Republic expansion on track for 1H15 completion28 May 2014, Published under Cement NewsLafarge Republic is on track to launch new mills at its Teresa and Norzagaray cement plants in the first half of next year, its president has said. "For 2015, Lafarge Republic, Inc. is putting up new cement grinding mills in Teresa plant and Norzagaray plant and targeting to start operating them by January 2015 and second quarter of 2015, respectively," said Renato C. Sunico, president of Lafarge Republic, Inc. Both new grinding mills are designed with capacity of 850,000tpa, These will... |
Lafarge inaugurates 2Mta Russian plant20 May 2014, Published under Cement NewsLafarge has officially opened its 2Mta Kaluga cement plant in Russia with a ceremony attended by First Deputy Prime Minister, Igor Shuvalov. Located in Ferzikovo village, it is the first cement production facility in this region and is strategically located thanks to its proximity to Moscow. This plant will complement Lafarge’s presence in Russia where the group has been present for nearly 20 years. The ribbon-cutting ceremony was also attended, among other distinguished guests, by the K... |
Lafarge denies claims of market dominance, Kenya20 May 2014, Published under Cement NewsLafarge has denied claims by Kenya’s antitrust authority that the cement producer may be flouting domestic competition rules and said it wants to work with the government to boost returns in the nation’s cement industry, reports Bloomberg. The Competition Authority of Kenya is probing the company’s influence on prices through its 59 per cent stake in Bamburi Cement Co and 42 per cent interest in East Africa Portland Cement Co (EAPCC), the nation’s largest and third-biggest cement producers... |
Kenya: Lafarge under competition probe16 May 2014, Published under Cement NewsKenya’s antitrust authority may force Lafarge SA to sell some of its domestic interests if the cement maker is found to be flouting domestic competition rules, according to Bloomberg reports. The Competition Authority of Kenya is probing Lafarge’s influence on Kenya’s cement industry through its 59 per cent stake in Bamburi Cement Co and 42 per cent shareholding in East Africa Portland Cement Co (EAPCC). The findings will be published next month, Director-General Francis Kariuki said in an ... |
CRH can spend big on acquisitions08 May 2014, Published under Cement NewsCRH Chief executive Albert Manifold was questioned by the Irish Examiner about growth opportunities for the Irish building materials company following the company's AGM in Dún Laoghaire. Albert Manifold said that management would continue to search for opportunities in its core markets of mainland Europe, the Americas and Asia and would have approximately EUR1.5bn available to spend over the next year and a half to spend on acquisitions and investments in the next year. Since the beginning... |
Lafarge 1Q14 EBITDA up 21%06 May 2014, Published under Cement NewsLafarge announced that its 1Q14 sales were down two per cent to EUR2633m (up nine per cent like-for-like YoY). EBITDA was stable at EUR343m and current operating income was up 14 per cent to EUR146m. Bruno Lafont, Lafarge chairman and CEO, said: "Our first-quarter results confirmed the positive trends experienced at the end of last year. Our volumes were supported by continuing growth in emerging markets and the progressive improvement in several European markets. North America was affect... |
UltraTech Cement could buy Holcim-Lafarge assets06 May 2014, Published under Cement NewsUltraTech Cement Ltd, India’s biggest cement maker, is considering buying the local assets of Holcim Ltd and Lafarge SA, according to a person with direct knowledge of the matter. “The ready availability of assets may help the Indian firm gain market share without having to build greenfield factories,” said Rashesh Shah, an analyst at ICICI Securities Ltd in Mumbai. Birla’s plan also underscores optimism among investors that a stable government following this month's elections will spur a ... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |