Cement News tagged under: Switzerland
Swiss deliveries up 7% YoY07 July 2016, Published under Cement NewsDomestic cement deliveries in Switzerland increased seven per cent in 2Q16 when compared with the previous year. In April-June 2016 dispatches reached 1.25Mt, according to the latest figures published by Cemsuisse, the Swiss cement association. In the year to date, Swiss sales advanced seven per cent to 2.124Mt when compared with the first six months of 2015. |
Holcim gets approval for extension Eclépens quarry15 June 2016, Published under Cement NewsHolcim has received approval to extend the quarry at the Eclépens cement works in Switzerland. The company exploits the La Birette quarry in the Mormont hills, Vaud canton. The extension will allow the cement maker to increase its production capacity and enable production to continue until 2029. |
LH confirms Sberbank shareholding27 January 2016, Published under Cement NewsLafargeHolcim Ltd said in a statement yesterday that it was informed on 25 January 2016 by Sberbank of Russia that it holds, through a repurchase transaction with Eurocement Holding AG, 6.12 per cent of the voting rights and of the registered share capital of LafargeHolcim Ltd. This corresponds to 37,172,910 registered shares and voting rights. According to the declaration of Sberbank of Russia, the Stock Exchange Act threshold of five per cent was exceeded on 21 January 2016. |
Swiss cement dispatches drop 7.9% YoY in 201506 January 2016, Published under Cement NewsCement sales in Switzerland fell 4.2 per cent QoQ in the fourth quarter of 2015, according to domestic cement producers’ association, Cemsuisse. For the full year, deliveries decreased by 7.9 per cent YoY to 4.219Mt. The low-carbon cement segment, particularly CEM II, saw a rise of 90 per cent. In 1995, its market share was limited to six per cent. In terms of transport, 51.1 per cent of dispatches took place via rail. |
New Cameroon plant agreement signed31 December 2015, Published under Cement NewsThe Switzerland-based Mira company is reportedly looking to construct a new cement plant in Douala, Cameroon, under an agreement signed with the government, local press have reported citing sources at the Ministry of Industry, Mining and Technological Development. According to the article published by StarAfrica, the company should benefit from the provisions on incentives for private investment in Cameroon. The new cement plant project is expected to have an initial capacity of 1Mta. |
LafargeHolcim successfully completes squeeze-out of Lafarge SA26 October 2015, Published under Cement NewsLafargeHolcim today announced on Friday it has successfully implemented the squeeze-out of Lafarge SA. With this the shares of Lafarge SA are now delisted from Euronext Paris as of today. "The completion marks an important and final step in the merger process of the Group’s legacy companies and allows LafargeHolcim to continue focusing on delivering the synergies and progress with the integration," the company said in a statement. With the successful squeeze-out LafargeHolcim Ltd now owns... |
LafargeHolcim welcomes new CFO12 October 2015, Published under Cement NewsLafargeHolcim announces the appointment of Ron Wirahadiraksa as the Group’s new Chief Financial Officer and member of the Executive Committee. Mr Wirahadiraksa will succeed Group CFO Thomas Aebischer who is pursuing new opportunities outside the Group. Mr Wirahadiraksa is currently Executive Vice President and Chief Financial Officer of Philips, a group he joined in 1987. After working in the Netherlands, Greece, Malaysia and the US, he became Chief Financial Officer at LG.Philips LCD in ... |
St-Gobain gets green light to acquire control of Sika16 September 2015, Published under Cement NewsThe Swiss competition commission (Comco) has authorised the control of Sika by construction materials giant St-Gobain, the French company announced in a press release on Tuesday. This decision follows the favourable ruling handed down by the European Commission on 22 July 2015 as well as the decisions already received from other competition authorities, notably in the United States and China. |
LafargeHolcim offers €60 a share in squeeze-out15 September 2015, Published under Cement NewsLafargeHolcim has decided to implement a squeeze-out procedure for the Lafarge shares not tendered between May and July 2015 (representing 3.56 per cent of the share capital). LafargeHolcim is offering to indemnify in cash the shareholders of Lafarge at a price of €60 per share. As an alternative to the cash indemnification proposed, an exchange option of 9.45 LafargeHolcim shares for 10 Lafarge shares has also been offered. On the date of implementation of the squeeze-out, Lafarge sh... |
LafargeHolcim offer to pay down €1.75bn debt08 September 2015, Published under Cement NewsLafargeHolcim announced that they have offered to pay down EUR1.75bn worth bonds (average cost of 5.8 per cent) with an expiration date of 15 September. JP Morgan believe this should lower the annual interest cost by CHF423m and help the group in attaining a lower cost of debt. It further believes the company has the ability to further lower gross debt following the disposal of assets to CRH for EUR6.5bn. |