Cement News tagged under: lafargeholcim
Romania: LafargeHolcim reports 15.3% rise in 9M15 cement sales27 November 2015, Published under Cement NewsLafargeHolcim increased its cement sales in Romania by 15.3 per cent in the first nine months of the year, especially due to the strong advance of the construction market in Bucharest. Cement prices over the period declined by 0.8 per cent. The aggregates division reported a rise of 72.3 per cent in volume, while prices dropped 15.1 per cent. “The demand in Eastern Europe remained at a high level, especially in countries that are not oil exporters. Volumes have increased in most states ... |
LafargeHolcim reports 9M15 results and outlines 2018 targets25 November 2015, Published under Cement NewsLafargeHolcim today released its first set of results since the closing of its merger, with nine-month performance impacted by merger and restructuring costs, adverse foreign exchange, an economic slowdown in China and Brazil as well as softness in France and Switzerland. Good performances were seen in the US, UK and most countries in Asia-Pacific and Latin America. The group also announced medium-term targets ahead of the Capital Markets Day (CMD) next week. Consolidated net sales in the n... |
LafargeHolcim 3Q15 results expected to reflect headwinds23 November 2015, Published under Cement NewsLafargeHolcim is due to report 3Q15 earnings on Wednesday, Analysts at Davy Stockbrokers said weak 3Q from the building materials giant will not surprise an already cautious market as many of the company’s key end-markets have deteriorated further with little expected in terms of recovery. "Weaker demand and overcapacity are intensifying price pressure at a difficult time for the group. Merging the world's two largest cement producers was never going to be easy, and macro headwinds make th... |
LafargeHolcim reportedly plans to launch downsizing plan in Spain29 October 2015, Published under Cement NewsLafargeHolcim plans to launch a downsizing plan for 15 per cent of its workforce in Spain, according to local press reports. The launch of the downsizing plan was attributed to the difficulties that the company faces in Spain, due to the low cement demand in the country and the overlapping of workforces following the merger of Lafarge and Holcim, market sources said. LafargeHolcim currently has a workforce of 1000 employees in Spain and its annual revenues in the country amount to EUR300... |
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... |
ACC sees subdued July-Sept volumes and pricing21 October 2015, Published under Cement NewsLafargeHolcim Indian subsidiary ACC reported flat volumes and subdued selling prices for the July-September 2015 quarter as construction activity and cement demand remained weak during monsoon season. Turnover during the period stood at INR2740 crore, virtually flat from the same period of last year. Operating EBITDA fell to INR313.20 crore versus INR379.08 crores in July-Sept 2014. While sales remained flat, there was a reduction in energy costs. During the quarter, a provision was also m... |
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 ... |
Lafarge Zimbabwe reports half-year loss05 October 2015, Published under Cement NewsThe local Zimbabwe unit of LafargeHolcim reported an after tax loss of ZMD1.39m for the half year to June from a loss of ZWD1.32m in the prior comparable period, on weak demand as the country’s construction industry remains subdued. Lafarge Zimbabwe said volumes of cement sales were down seven per cent during the first half of the year, resulting in a decline in revenue to ZMD25.4m from ZMD28.2m. Operating loss widened to ZMD1.8m from ZMD1.7m incurred in 2014. “The construction industry r... |
Lafarge Malaysia Bhd to acquire Holcim Malaysia21 September 2015, Published under Cement NewsLafarge Malaysia Bhd plans to acquire Holcim (Malaysia) Sdn Bhd, for MYR330m (US$77.4m) cash, as part of parent company LafargeHolcim Ltd’s plans to consolidate operations in the southeast Asian country. In a filing with Bursa Malaysia today, Lafarge Malaysia said it has entered into a conditional share purchase agreement with Holcim Indonesia for the proposed acquisition. Lafarge Malaysia said it plans to finance the purchase consideration via a combination of internal funds and/or bank b... |
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... |