Displaying items by tag: Lafarge
Lafarge and Holcim notify EC over merger
28 October 2014Europe: Lafarge and Holcim have formally notified the European Commission (EC) of their proposed merger in order to obtain regulatory approval. With this notification, Holcim and Lafarge have now completed all necessary notifications with regulatory authorities worldwide.
During pre-notification discussions, which Lafarge and Holcim have had with the EC, the list of proposed assets for divestment in Europe has been slightly amended. Compared with the list of assets presented on 7 July 2014, the two companies now propose to retain Lafarge's Mannersdorf plant in Austria and to divest all of Holcim's operations in Slovakia.
In the rest of the world, the proposed list of assets remains the same, with the exception of the Philippines, as announced by the boards of directors of Lafarge Republic Inc. and of Holcim Philippines Inc.
In parallel to the regulatory process, Holcim and Lafarge are in ongoing negotiations with potential buyers of the assets that are proposed for divestment.
Cemex will not make offer to buy Holcim and Lafarge assets
27 October 2014Mexico: Cemex has announced that it will not make an offer to buy the assets being sold by Holcim and Lafarge in light of their merger. Instead, Cemex plans to focus on organic growth, generating more cash flow and reducing its leverage, according to general manager Fernando A Gonzalez Olivieri. Cemex's aims are to once again reach earnings before interest, taxes, depreciation and amortisation (EBITDA) of US$4.70bn in 2016 or 2017 and to recover its investment grade via leverage reduction.
Canada: The Lafarge cement plant near Brookfield, Nova Scotia has been deemed a 'viable disposal solution' for getting rid of treated hydraulic fracturing wastewater being held in storage ponds at Atlantic Industrial Services (AIS) in Debert, Nova Scotia.
The pilot project, which was approved in April 2013 by the Nova Scotia Department of Environment, permitted the transport of 2ML of treated wastewater from the AIS holding ponds for use as a coolant in the kiln at the Lafarge plant, where it was evaporated at 700°C.
"When I met with the community last April, I said that we would update people on the results of the pilot and making the results available online is a good way to keep everyone informed," said the Environment Minister Randy Delorey. "I'm pleased with the findings from the pilot. The results confirm that evaporation provides Nova Scotians with a viable disposal solution."
Before being evaporated in the kiln, the wastewater had been treated for naturally occurring radioactive materials (NORMS) and put through reverse osmosis. The water was analysed and it meets the Canadian Council of Environment Ministers and Health Canada guidelines for release into a freshwater source. As part of the project, Lafarge did water testing before, during and after evaporation. The tests showed comparable results for cooling water normally used by the plant from the nearby Shortts Lake.
AIS is now requesting approval to remove and treat another five million litres of the waste water at the Lafarge plant. A decision is expected from the department in the near future and, if approved, any terms and conditions would be the same as the pilot project, requiring dual treatment of the wastewater before evaporation.
Approximately 10ML of wastewater remains in two ponds at the AIS site. Triangle Petroleum also has 20ML of wastewater in two holdings ponds in Kennetcook, Nova Scotia. The wastewater at both areas is from high-pressure hydraulic fracturing that took place in 2007 and 2008.
Lafarge names director of plant in Toledo
22 October 2014Spain: Lafarge has appointed Maruxa Suarez as director of its Spanish plant in Villaluenga de la Sagra, Toledo. Suarez, who was previously a production director at the plant, will replace Mariano Garcia Hoyos. Suarez started working for Lafarge in 2004 at the environment unit of the company in Madrid. He later joined the management team as process engineer and production director.
LafargeHolcim begin asset divestments
17 October 2014India: Holcim and Lafarge have begun an internal process in India to identify the assets that must be divested to adhere to the requirements of India's competition regulator, the Competition Commission of India.
Both companies are running processes to identify the plants and operations that are not linked to their strategic global plans. The process will also look at consolidation of operations and processes, which will lead to strategic alignment of both the companies in India to create a future-ready organisation with uniform processes.
In India, Lafarge, which has around 5Mt/yr cement capacity, is dwarfed by Holcim with a capacity of 47Mt/yr through its subsidiary companies Ambuja Cement and Associated Cement Companies (ACC), cornering roughly 12% of the 350Mt/yr Indian cement market. Aditya Birla Group's UltraTech is India's largest cement maker with a 62Mt/yr capacity.
UltraTech linked to bid for Lafarge assets in Brazil
15 October 2014India/Brazil: UltraTech Cement, India's largest cement producer, intends to bid for assets owned by Lafarge in the south-eastern region of Brazil, according to Indian press. If the bid is successful it will be the company's largest overseas deal to date. The Aditya Birla Group company currently holds small assets in west Asia.
The Brazilian assets on sale include three integrated cement plants and two grinding stations with a total capacity of 3.6Mt/yr, as well as one ready-mix plant. The Lafarge assets are on sale as part of the divestment plant following the announcement of the LafargeHolcim merger.
UltraTech has an installed cement production capacity of 62Mt/yr. It has 12 integrated plants, one clinker plant, 16 grinding units and six bulk terminals with operations across India, United Arab Emirates, Bahrain, Bangladesh and Sri Lanka.
Lafarge and Holcim about to request EU approval to merge
10 October 2014Europe: Lafarge and Holcim are about to request approval from the European Commission (EC) for their planned merger, according to Lafarge CEO Bruno Lafont.
"We are indeed very close to EU notification," said Lafont. He added that talks with Brussels had been constructive and that the companies were 'well on track' to close the deal in the first half of 2015.
LafargeHolcim merger approved conditionally in South Africa
09 October 2014South Africa: The Competition Commission (CC) has approved the merger of Holcim and Lafarge in South Africa. Although Lafarge has a significant presence in South Africa, Holcim's only interest is in a stake it holds in Afrisam.
"The commission found that Holcim's shareholding interest in Afrisam, a cement producer in South Africa, would present anti-competitive effects post-merger," said the CC. "This is due to the fact that the shareholding creates an undesirable structural link between Holcim and Afrisam in that it provides Holcim with access to Afrisam's commercially-sensitive information."
The commission found that the shareholding by Holcim in competitors would create a platform for collusion in the cement industry post-merger. The CC said that this was compounded by the history of collusion in the South African cement industry and the high concentration levels and barriers to entry in the cement industry.
"To address the competition concerns, the commission has approved the merger on the condition that Holcim divests of the shareholding in Afrisam within a period of three years after approval of the merger," said the CC.
Cementos Argos assesses US$1bn of LafargeHolcim assets
01 October 2014Colombia/Brazil: Colombia's Cementos Argos, part of Grupo Argos, is reportedly assessing assets worth US$1bn that Lafarge and Holcim will be forced to sell in Brazil as part of their planned merger.
Argos, which is working closely with Banco Itau BBA in terms of potential Lafarge-Holcim acquisition deals in Brazil, aims to grow organically and via acquisitions across the Americas. The firm wants to have a presence in markets where there is potential for cement consumption per capita to grow. Cementos Argos already operates nine cement plants in Colombia, three in the United States and one in Honduras.
Lafarge’s closed Syria cement plant comes under attack
26 September 2014Syria: On 25 September 2014 Islamic State militants seized and set fire to Lafarge's cement plant in northern Syria.
"While advancing on the Kurdish town of Ain al-Arab near the Turkish border, the militants seized the Lafarge cement plant and burnt down part of it," said Rami Abdel Rahman of the Syrian Observatory for Human Rights.
The plant had been closed recently 'as security could not be guaranteed in the area.' Islamic State jihadists had taken over a major city in that part of northern Syria, sparking tens of thousands of mainly Kurdish refugees to flee into nearby Turkey. Once guarded by the Syrian army, responsibility for the plant's security was turned over to the main Syrian Kurdish Democratic Union Party (PYD) in August 2013.