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 MoreMonth: March 2015
Holcim 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…
Read MoreSt. Marys Cement to Reopen Dixon Plant
After closing its Dixon, Ill., plant in December 2008 amid economic downturn, St. Marys Cement will reopen the facility this spring, according to local media outlets.
Read MoreMobile Demonstration Dust Collectors
Camfil Air Pollution Control (APC) announced an expanded fleet of mobile dust and fume collection systems that are available worldwide to provide training and education to customers. The trailer-mounted units are available on request and may be used for dust collection seminars or for more informal training on the basic principles of dust collector design, selection and operation. The mobile dust…
Read MorePaddlewheel Level
The Roto- Bin-Dicator PRO model was on display at the recent World of Concrete 2015 in Las Vegas. It’s the newest product to be updated in the Bindicator Point Level offering. The device is a paddlewheel type leveler that monitors the level of dry bulk material and indicates when there has been a change. The fail-safe Roto PRO is unique…
Read MoreHeidelbergCement Adds Deputy Chairman
The Supervisory Board of HeidelbergCement AG amended the structure of its Managing Board with the addition of a deputy chairman position. Dr. Dominik von Achten, Managing Board member in charge of the North America group, group purchasing and the competence center materials, assumed the role on Feb. 1. It was also announced that Dr. Bernd Scheifele will continue as chairman…
Read MoreCemex Reports 6 Percent Sales Increase for 2014
Cemex S.A.B. de C.V. announced that consolidated net sales (on a like-to-like basis for ongoing operations and adjusting for currency fluctuations) increased by 5 percent during the fourth quarter of 2014 to approximately $3.8 billion and increased 6 percent for the full year to $15.7 billion versus the comparable periods in 2013. Operating EBITDA on a like-to-like basis increased by…
Read MoreArgos: Net Profits Up 59 Percent for 2014
Argos announced that, based on solid results in the majority of the 12 countries in which it operates, the company closed 2014 with record figures. Argos sold 12.5 million metric tons of cement – about 8 percent more than in 2013, and in the concrete business, there was an increase of 18 percent in its sales, totaling 11 million cubic…
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