Displaying items by tag: LafargeHolcim Morocco

Morocco: LafargeHolcim Morocco’s net profit in the first half of 2019 was Euro90.6m, representing an increase of 8.6% year-on-year from Euro83.5m in the six months to 30 June 2018. Its revenue held steady year-on-year with a 0.2% increase to Euro366m from Euro365m. It continues its ambitious renewables plan with an 80% increase in its use of wind power.

HeidelbergCement’s Moroccan subsidiary Ciments du Maroc improved its net profit restated for exceptional items by 3.4% year-on-year to Euro55.3m from Euro53.6m in the first half of 2018. Its 2019 first-half revenue improved by 5.0% to Euro191m from Euro183m in the same period of 2018, which it said was due to a record year-on-year increase in clinker sales of 55% due to increased exports and operational improvements.

Morocco: China’s CBMI has signed a contract with LafargeHolcim to build a cement grinding plant near Agadir. The deal for the SSS 13 & 14 Grinding Plant EPC Contract was signed on 21 March 2018 at the LafargeHolcim Technology Centre in Lyon, France. Once operational the plant will be run by LafargeHolcim Maroc.

Morocco: LafargeHolcim has appointed George Michos as its new head of its Moroccan subsidiary. He succeeds Marcel Cobus, who moves to the LafargeHolcim executive committee in charge of the Europe region, according to Morocco World News. Previously Michos worked as the managing director of LafargeHolcim’s Heracles General Cement subsidiary in Greece.

Morocco: LafargeHolcim Morocco plans to build two new cement plants at Tizgilt, Chtouka Ait-Baha and Tidmi, Taroudant in the Souss-Massa region. The project is budgeted at Euro720m and it is expected to create 1400 jobs, according to the Challenge newspaper. Marcel Kobuz, the chief executive officer for the cement producer, has met with region head Zineb El Adaoui to discuss the initiatives including the allocation of land.