Cement News tagged under: LafargeHolcim
LafargeHolcim announces new Middle East/Africa organisation06 March 2018, Published under Cement NewsLafargeHolcim has announced its new organisation for the Middle East and Africa region. "This new organisation will further increase our market focus, our operational performance and support the development and execution of winning market strategies to grow profitable businesses in the Middle East & Africa markets," said Saâd Sebbar, who heads up the company’s MEA Region. The company’s four largest markets will report directly to Mr Sebbar and include the following Country CEO appointment... |
LafargeHolcim incurs major impairment charges, rolls out 5-year strategy05 March 2018, Published under Cement NewsLafargeHolcim's underlying turnover for 2017 amounted to CHF26,129m, a decline of 2.9 per cent, while in euro terms there was a 10.2 per cent decrease to EUR22,672m. The Asia-Pacific region generated 28.5 per cent of group turnover, while Europe represented 27.4 per cent and North America 21.7 per cent. Latin America contributed 11.3 per cent and Africa/Middle East 12.9 per cent. Margins improved from 22.1 per cent to 22.9 per cent and underlying operating EBITDA advanced by 0.7 per cent to ... |
LafargeHolcim announces five-year strategy02 March 2018, Published under Cement NewsLafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring EBITDA growth of at least five per cent, improvement in free cash flow to over 40 per cent of EBITDA and increasing the return on invested capital to over eight per cent, according to Reuters. The company also reported that it received a CHF3.8bn (US$4.04bn) impairment charge within the 4Q17, and as a result posted ... |
LafargeHolcim launches its Growth & Performance Organisation28 February 2018, Published under Cement NewsLafargeHolcim's new Growth & Performance organisation will support the execution of market strategies with the aim to support the growth of profitable businesses, leading in sustainability and operational performance. Miljan Gutovic will lead the Marketing & Innovation department supporting the growth strategy, commercial excellence, ready-mix performance, innovation, and research & development. Miljan brings 12 years of successful track record in new market identification and strategic p... |
LafargeHolcim acquires Kendall Group26 February 2018, Published under Cement NewsLafargeHolcim has acquired UK-based aggregates and ready-mix concrete manufacturer Kendall Group to expand its operations in the south of England. Kendall will be managed by Aggregate Industries and complement the company’s existing operations in the UK, according to LafargeHolcim. Kendall generated a net revenue of CHF33m (US$35.2m) in 2017 and marks the first deal of the year for LafargeHolcim. |
thyssenkrupp wins order from LafargeHolcim23 February 2018, Published under Cement Newsthyssenkrupp has won a contract from LafargeHolcim to supply a 3500tpd line for a new clinker plant in Souss Massa, Morocco. The project will include engineering, procurement and construction for the entire clinker line. "Nearly four decades of ongoing and successful collaboration have strengthened the relationship between thyssenkrupp and LafargeHolcim in Morocco. Both companies share the same vision: we provide state-of-the-art technology and develop tailor-made solutions for our custom... |
LafargeHolcim's Ambuja Cement to build new 3.1Mta Rajasthan plant21 February 2018, Published under Cement NewsLafargeHolcim will strengthen its presence in India with the construction of a new cement plant in Marwar Mundawa, in the state of Rajasthan. The CHF200m (US$213.4m) investment will serve customers in the north, including Delhi. The new plant, which is being set up by the group’s subsidiary Ambuja Cement will have a clinker capacity of 3.1Mta and is due for commissioning in the second half of 2020. Jan Jenisch, group CEO of LafargeHolcim, said: "India is the second-biggest global cement ... |
Bamburi Cement makes new appointments13 February 2018, Published under Cement NewsSeddiq Hassani has been appointed as the managing director of Bamburi Cement, Kenya. Mr Hassani made the move from LafargeHolcim Middle East and Africa, where he was the Head of Growth and Innovation. Mr Hassani will replace Eric Kironde who has been the acting MD for the last four months, reports The Star. "We are confident that with his strong and wide experience in operational and functional positions and more specifically in leading transformation and managing growth strategies at bot... |
LafargeHolcim announces new regional structuring12 February 2018, Published under Cement NewsLafargeHolcim has also announced a new organisation structure of the group and regions. Under the new structure, 35 markets now report directly to the Region Heads, instead of 20. "This will strengthen our emphasis on developing and executing winning market strategies, thereby fully empowering the profit and loss responsibility of the countries," said Jan Jenisch, LafargeHolcim CEO. Among the key changes, Philipp Leutiger has joined the Group as Chief Digital Officer to create global, ... |
A greener and more vibrant French cement industry09 February 2018, Published under Cement NewsThis week ICR reported that LafargeHolcim will spend several million euros on its Val d'Azergues cement plant in France. It is the latest action in an ongoing drive by French cement producers to build a more environmentally-friendly industry. Modernisation spree for Lafarge Holcim The modernisation of its plants in France will be a key focus of LafargeHolcim's European investment drive. Last May the company announced that it plans to spend EUR300m on modernising its French facilities. T... |