Cement News tagged under: holcim
LH Merger update: plants for sale07 July 2014, Published under Cement NewsFinally, exactly two months after the first official announcement of their 'merger of equals', Lafarge and Holcim clarify which plants are likely to be put up for sale. No surprises for those who've been following our coverage of the deal to date with divestments slated for Austria, France, Germany, Romania, Hungary and the UK in Europe; Canada - but not the USA - in north America; Brazil in Latin America; Philippines in Asia; Reunion and Mauritius in the Indian Ocean... We summarise the... |
LH Merger: LatAm, Asia, Africa07 July 2014, Published under Cement NewsThe Lafarge Holcim merger is being viewed as a good geographical fit in emerging markets given Lafarge’s strong presence in the Middle East and Africa, and Holcim’s significant exposure to Latin America and the Asia-Pacific region. However, regional overlaps in certain key markets are likely lead to the expected disposal of assets. Latin America Moves to address anti-trust concerns already appear to be underway with Lafarge last month confirming the sale of its cement operations in Ec... |
LafargeHolcim merger: implications for western Europe27 June 2014, Published under Cement NewsWhile the proposed Lafarge-Holcim (LH) merger is widely being regarded as a good fit for the two companies, satisfying competition authorities in a number of key markets where operations overlap is critical for the deal to proceed. In western Europe, the LH tie-up could accelerate the restructuring process already underway by the cement industry to improve regional businesses and any disposals required by the two groups are likely to be surmountable. To satisfy regulatory requirements Lafar... |
Holcim NZ gets set to increase imports25 June 2014, Published under Cement NewsHolcim New Zealand has confirmed its Westport cement plant will close by the second half of 2016 as the company now has all the final approvals to go ahead with its investment to build two 30,000t import terminals. Work is expected to start on the US$50m terminal at Timaru's PrimePort in August, with a second, worth another US$50m, in Auckland in December. Both should be operational by the second half of 2016. "This confirmation of start dates can be taken as a sign of the global compan... |
Lafarge and Holcim hire banks to sell assets24 June 2014, Published under Cement NewsLafarge and Holcim have hired banks to sell assets as they try to secure antitrust approval for their planned merger, according to reports by Bloomberg citing people with knowledge of the matter. Holcim has hired Credit Suisse and HSBC, while Lafarge is working with Morgan Stanley and BNP Paribas, the sources stated. The sales process is likely to start in the autumn, they said. To satisfy regulatory requirements Lafarge and Holcim will have to make divestments equivalent to around 15 ... |
Holcim launches its 2013 Corporate Sustainability Report23 June 2014, Published under Cement NewsHolcim today released its 2013 Corporate Sustainability Report detailing the Group’s ongoing activities in sustainable development and disclosing data on a number of key sustainability performance indicators. A panel of independent external experts has contributed to the report by reviewing and confirming the sustainability topics covered. These experts have furthermore made recommendations to Holcim which are included in the report. Bernard Fontana, Holcim ??CEO, comments: “Reflecting our... |
Holcim (Argentina) places order with IKN19 June 2014, Published under Cement NewsHolcim (Argentina) SA has placed an order for a state-of-the-art IKN Pendulum Cooler® with a grate area of 61m² and latest Coanda Wing® technology, designed to replace the existing drum cooler at Puesto Viejo, Argentina. The new clinker cooler will be single-stage with a single hydraulic cylinder drive located under the IKN Clinker Inlet Distribution System (KIDS®) including a Clinker Flow Optimiser (CFO) and an IKN Roll Crusher with four rolls at the cold end. Included in IKN's scope of ... |
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 ... |
New ACC chief executive officer appointed12 June 2014, Published under Cement NewsACC Ltd, part of the Holcim group, said on Wednesday that it had appointed Harish Badami as the chief executive officer (CEO) and managing director (MD) of the company. In a statement filed to the exchanges, the company said Mr Badami will take over from Kuldip Kaura, the incumbent CEO and MD, as of 13 August 2014 for a period of five years. ACC is India's second-largest cement producer. |
EU clears Holcim and Cemex deal in Germany06 June 2014, Published under Cement NewsHolcim has received unconditional clearance by the European Commission for its proposed acquistion of Cemex West in Germany. The decision follows a detailed Phase II review by the European Commission. The acquisition in Germany is part of the strategic portfolio optimisation in Europe that includes a series of transactions together with Cemex and that is separate from the intention to merge with Lafarge. In the Czech Republic, the proposed acquisition of Holcim Cesko by Cemex was clear... |