The boards of directors of Lafarge and Holcim have approved the appointment of Eric Olsen as future chief executive officer of LafargeHolcim. The appointment was proposed by Lafarge Chairman and CEO Bruno Lafont.
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McInnis Cement Warehouse Coming to New York
Montreal-based McInnis Cement plans to build a $40 million distribution warehouse along the East River in the Bronx, N.Y., in hopes of reducing truck traffic in the borough as well as to develop its waterfront, reported DNAinfo.com.
Read MoreHeidelbergCement: 2014 was Best Year Since Financial Crisis
HeidelbergCement brought the 2014 financial year to a successful close despite a challenging environment. The decisive factors in this achievement were the group’s geographical positioning in countries experiencing solid economic development in North America, Europe, Asia and Africa; successful price increases in major markets; and the successful implementation of the margin improvement programs.
Read MoreHolcim’s Second-Largest Shareholder Unhappy with New Merger Deal
Eurocement Holding AG, the second-largest shareholder in Holcim Ltd., plans to vote against the Swiss company’s merger with Lafarge SA unless the financial terms of the deal are altered, reported The Wall Street Journal.
Read MoreCement Shipments Up for December, Full Year
Total shipments of portland and blended cement in the United States and Puerto Rico in December 2014 were 6.2 million metric tons (Mt), up by 22 percent from the level in December 2013, according to the most recent USGS Mineral Industry Survey. Shipments for the full year were 88.4 Mt, up by about 8 percent from those in 2013.
Read MoreSt. Marys Cement Loses Appeals Case
In a 3-0 decision, an appeals court will not overturn the U.S. Environmental Protection Agency’s call for more stringent pollution controls at St. Marys Cement plant in Charlevoix, Mich., reported the Petoskey News-Review. St. Marys Cement challenged the EPA’s December 2012 rule that overturned Michigan’s regional haze plan and introduced more stringent standards for the company’s Charlevoix plant, arguing that…
Read MoreLafarge, Holcim Salvage Merger
Europe’s two largest cement companies Holcim and Lafarge have rescued a stumbling $44.3 billion (41 billion euros) merger by reconciling differences over financial terms and management that nearly caused the collapse of one of the biggest deals in recent years, reported the Financial Times.
Read MoreHolcim Board Rejects Merger Deal
The pending merger between cement giants Holcim and Lafarge has come to a halt after Holcim’s board of directors “concluded that the combination agreement can no longer be pursued in its present form,” according to a released statement by the board. It “has proposed to enter into negotiations in good faith around the exchange ratio and governance issues.”
Read MoreHeidelbergCement Sells Hanson Building Products
HeidelbergCement completed the sale of its North American (excluding Western Canada) and United Kingdom building products business, collectively Hanson Building Products, to an affiliate of Lone Star Funds.
Read MoreHolcim Ecuador Launches Second Phase of Modernization Project
Holcim Ecuador reaffirmed its confidence in the country by inaugurating the second phase of the modernization project at its Guayaquil cement plant, representing an investment of about $400 million over the past five years. The project enables Holcim to produce 4,500 tpd of clinker at the plant replacing the need for imports (600 tpy) and increasing the company’s cement production…
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