Lafarge Vietnam and Holcim Vietnam merge

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Vietnam: Lafarge Vietnam Company has become a unit of Holcim Vietnam Company following the merger between their parent companies.

The merger between Lafarge Vietnam and Holcim Vietnam, which is scheduled for completion in 2015, will help LafargeHolcim optimise its production in the context of oversupply, which has put local cement producers in difficulties, a Holcim Vietnam official has said.

In Vietnam, LafargeHolcim has five cement plants and eight ready-mixed concrete batching plants, with a capacity of 5.2Mt/yr of cement and 1Mm3/yr of concrete. LafargeHolcim will retain its brands of Lafarge and Holcim's products such as Lavilla (Lafarge) and Holcim Power-S (Holcim), according to Nguyen Cong Minh Bao, Head of Holcim Vietnam's Sustainable Development.

Holcim Vietnam presently holds a 26% market share in Vietnam while Lafarge Vietnam takes a 12% share, with their main products being cement, concrete and aggregate.

URL: https://www.globalcement.com/news/item/4339-lafarge-vietnam-and-holcim-vietnam-merge

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