Cement News tagged under: Lafarge
Holcim raises cement prices in Mauritius25 January 2013, Published under Cement NewsHolcim raised its price of a 50kg bag in Mauritius to MUR211.60 or US$6.86 (delivery to Port-Louis). In other parts of the island, a premium of around MUR5-10 is paid to trucking costs. The island’s other supplier Lafarge, last raised its prices in April 2012 and a 50kg bag, for delivery to Port-Louis, of their cement costs MUR195.50. In the recent past, the State Trading Corporation stopped importing cement, leaving the two cement producers with a clear field to expand their busine... |
Algeria’s Oggaz plant hits production record21 January 2013, Published under Cement NewsThe Lafarge-owned Oggaz cement plant, in Mascara, Algeria, achieved a new production and sales record for grey cement in 2012. Meanwhile, increased output of white cement reduced imports of the product by nearly one-third. In 2012, around 3.1Mt of grey cement left the factory gates, according to the company. Lafarge Algeria CEO, Luc Callebat, said: “The Oggaz plant is only five years old but managed to reach the historical result of 3.1Mt of grey cement sold in 2012. It is the countr... |
Lafarge completes trials for new generation low-carbon cement17 January 2013, Published under Cement NewsLafarge has successfully completed an industrial trial for Aether®, its new-generation clinker formulated for lower-carbon cements. The trial mobilised a team of around 100 people over a 10-day period at the Group's plant in Le Teil, France. It allowed the production of 10,000t of Aether® clinker, confirming the feasibility of industrial-scale production using traditional raw materials. The launch of the first Aether® products is planned for 2014. Aether®, a new clinker formulation to red... |
Lafarge to invest BRL1bn in Brazil over next five years15 January 2013, Published under Cement NewsLafarge is to invest BRL1bn (US$500m) in Brazil in the five years to 2018, according to the group’s chairman and chief executive Bruno Lafont. During a meeting with Brazil’s president Dilma Rousseff in Braslia, Mr Lafont said the organic investment is being made to keep with growth of the local market. “Brazil has true potential for growth. The investment needs in infrastructure and in the housing sector show that the country has much margin for growth,” he noted. Among the new inve... |
Lafarge sells aggregate quarries in Georgia11 January 2013, Published under Cement NewsLafarge announces it has signed binding agreements for the sale of six aggregates quarries in Georgia (USA) for a total enterprise value of US$160m. These assets represent less than one cent of the company's sales in North America in 2011. These transactions are subject to relevant approvals. "With these divestments in a region where Lafarge is present only through its aggregates operations, the group pursues its strategy of focusing on most promising geographic areas where we have int... |
Canada: carbon tax hurting cement industry10 January 2013, Published under Cement NewsBritish Columbia (BC) Conservative leader John Cummins has spoken out against the provincial carbon tax, claiming it threatens to kill the cement industry in Canada. “The BC Liberals’ unfair carbon tax has forced BC’s three largest cement-kilns to reduce operations by 50 to 60% capacity,” Cummins said. He added that exports of BC made cement to the US have plunged since the tax was introduced, while imports of American cement have risen from 6.5% of the domestic market in 2007 to 34% in... |
Lafarge announces joint venture with Elementia, Mexico09 January 2013, Published under Cement NewsLafarge announces it has reached an agreement with Elementia to combine their cement assets in Mexico. Lafarge will bring its two plants of Vito and Tula for a total capacity close to 1Mta, while Elementia will contribute the new 1Mta plant it is currently building in central Mexico. This combination will significantly strengthen Lafarge's position in Mexico. The transaction, which involves no cash and is subject to regulatory approvals, is expected to close in 2H13, pursuant to the start... |
Lafarge & Anglo America announce completion of joint venture08 January 2013, Published under Cement NewsLafarge and Anglo American announce the completion of their 50:50 joint venture which combines their cement, aggregates, ready-mix concrete, asphalt and asphalt surfacing, maintenance services, and waste services businesses in the United Kingdom. The joint venture will be known as Lafarge Tarmac and begins trading today. Completion of the Lafarge Tarmac joint venture follows final clearance from the UK Competition Commission, predicated on the completed sale of a portfolio of Tarmac and L... |
Lafarge04 January 2013, Published under Cement NewsThe Zambian government has expelled Lafarge's managing director Fola Esan, who is a Nigerian national, and is also trying to remove Muna Hantuba, the non-executive chairman. Apparently the two are not willing to give advantageous contracts to leaders of the ruling party and to ministers. More than 20 foreign businessmen have been expelled from Zambia in recent weeks. |
IFC to loan Kerbala Cement US$70m for plant rehabilitation03 January 2013, Published under Cement NewsThe IFC, a member of the World Bank, is to provide a US$70m loan to Kerbala Cement Manufacturing (KCML) to rehabilitate its cement plant near the city of Kerbala. KCML, a subsidiary of the Lafarge group, will undertake the work under a concession agreement with the government of Iraq. The financing is expected to help bolster Iraq's construction sector, a key source of jobs, and support rebuilding efforts in the country, which is in dire need of infrastructure following years of conflict. ... |