Cement News tagged under: Lafarge
Lafarge appoints new US CEO22 May 2012, Published under Cement NewsLafarge has appointed John Stull as president and CEO, United States, putting him in charge of all aggregate, cement and concrete operations in the United States. The appointment now brings these Lafarge business lines in the United States together under a single leader, which the company said will focus its delivery on sustainable solutions to the construction industry. Stull has more than 20 years of experience with the Lafarge Group, including assignments in the United States and Pa... |
Lafarge shares rise on Hollande election07 May 2012, Published under Cement NewsShares in Lafarge are among the top gainers on France’s CAC-40 index as investors expect government spending on social housing to increase under France’s newly elected president, Francois Hollande. Lafarge’s stock rose 2.4%, more than offsetting the sharp drop suffered on Friday following weak US economic data. |
Lafarge helped by Asian and African growth04 May 2012, Published under Cement NewsLafarge's first quarter turnover was up by 4.6% to €3353m, having risen by 8.6% in the comparable period last year, and the EBITDA improved by 7.7% to €516m, while the running profit advanced by 28.4% to €267m. Net financial costs increased by 29.4% to €238m and the re-defined pre-tax loss increased from €7m to €40m, with the net attributable loss rising by 51.7% to €44m. Net debt at the end of March was 13.2% lower at €12,364m, giving a gearing level of 78.4%. Development capital expendit... |
Lafarge sees higher pricing in 201204 May 2012, Published under Cement NewsLafarge said it expected higher pricing for 2012 after sales and operating profits rose in the first quarter, lifted by price increases for customers and stronger cement volumes in emerging markets. But net losses widened due to restructuring charges as the company continued to slash costs as part of a €500m (US$657.63m) savings plan. Earnings before interest, tax, depreciation and amortisation in the three months to 31 March rose 8% to €516m (US$678.67m), while sales increased 5% to €3... |
USA: Lafarge Bath plant applies to burn railroad ties and shingles04 May 2012, Published under Cement NewsThree years after backing off on a plan to burn tyres at its cement plant in Bath, Lafarge is applying to introduce railway ties and asphalt shingles into its kiln. The “low-carbon fuel demonstration project” would run for three years and incinerate up to 75t of construction and demolition debris each day. The application for compliance approval, written by the consulting firm Golder Associates, says that “the emissions from the Bath plant cement kiln are not expected to be significantly c... |
Lafarge03 May 2012, Published under Cement NewsLafarge Jordan saw turnover decline by 12% lost year to JOD134m (€144m), producing a loss of JOD20m (€21.5m) as production at the two works fell to its lowest lever for eleven years. High fuel and electricity costs led to ceasing exports to Syria, Iraq and the Sudan last year. The company is seeking government permission to burn coal, like its competitor is doing. Lafarge Zimbabwe is to invest US$4.5m in 2012 to improve operating efficiencies. First quarter volumes increased by 31% and t... |
Breedon targets acquisitions from Lafarge and Anglo-American UK sales02 May 2012, Published under Cement NewsBreedon Aggregates is eyeing the quarry assets of Lafarge and Anglo American PLC that need to be sold for their British joint venture to succeed. The aggregate company is likely to bid on the quarries up for sale after the Competition Commission ruled yesterday that a merger between Lafarge and Anglo American’s UK subsidiary, Tarmac, could go ahead only after substantial disposals. This means that the Hope Cement works, in Derbyshire, and a host of quarries, ready-mixed concrete and asp... |
Commission demands Lafarge/Anglo asset sale, UK01 May 2012, Published under Cement NewsThe UK’s Competition Commission (CC) has said Anglo American PLC and Lafarge must sell a significant portfolio of operations before their proposed construction materials joint venture can go ahead. A nglo American, through its UK subsidiary Tarmac, and Lafarge are both global firms that supply construction materials in the UK. The parties proposed to establish a 50:50 joint venture, to which each of them would contribute the bulk of their construction materials businesses in the UK. ... |
Lafarge to set up two cement plants in Algeria – report30 April 2012, Published under Cement NewsLafarge will build two cement plants in Algeria in partnership with local private group Sagremac. Thanks to the two projects, the French company will be able to boost its positions on the Algerian market. The first cement plant will be built in Biskra, in the south-eastern part of Algeria, for US$400m, while the second unit will be located near Constantine, in eastern Algeria. The investment in the second facility is also US$400m. Abstracted from an original article in La Tribune. |
Kenya: NSSF faces off with Lafarge over board seat at Bamburi24 April 2012, Published under Cement NewsNational Social Security Fund (NSSF) is set to open a fresh fight with French conglomerate Lafarge over the control of Bamburi Cement as it demands a seat on the cement maker’s board it lost last year. The cement firm – which is owned 58.4% by Lafarge – dropped NSSF representative Alex Kazongo from its board in March, citing his failure to attend successive meetings. Now, the fund has written to Bamburi Cement seeking a position in the board, but it says the company has told it to present ... |