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Analysts said the deal could lead to further mergers within the industry and give competitors a chance to pick up assets at a bargain price. [2] On 1 December 2024, Holcim announced that it would sell its 83.8% stake in Lafarge Africa Plc to China's Huaxin Cement for $1 billion, [13] a move seen as part of Holcim's strategy to focus on high ...
Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials. Originally, the company was established as LafargeHolcim by the merger on 10 July 2015 of Holcim and Lafarge, which had combined sales of CHF 26.7 billion in 2019. [3]
Ethiopia has 20 cement factories which produce mainly OPC and PPC cement. Two other cement factories are in the pipeline. As of 2017, production capacity in Ethiopian, according to the Ethiopian Reporter, [14] has increased to 15 million tonnes per year, but local consumption is only 6 million tonnes per year.
In 2010, Lafarge strengthened its presence in Brazil [15] (an agreement with Lafarge and STRABAG to create a common company in Cement in Central Europe). [16] In 2011, Lafarge SA announced it would build a cement plant in Langkat, North Sumatra, Indonesia with an investment of up to Rp 5 trillion ($585 million). [17]
Lafarge Africa Plc is an industrial company headquartered in Lagos, Nigeria, and listed on the Nigerian Stock Exchange. It is majorly controlled by the Holcim Group . Previously trading under the name of Lafarge Wapco Plc, the merger of Lafarge and Holcim and resulting consolidation of Lafarge's assets in Nigeria and South Africa resulted in ...
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The 2024 Heisman Trophy will be awarded Saturday night, as college football's most prestigious award will be given to its top individual player from this season.
This ownership structure has led to boardroom wars on who controls the company. The government has challenged Lafarge's shareholding in EAPCC due to the fact that Lafarge owns 41.7 per cent of East African Portland Cement Company and a further 58.9 per cent of Bamburi Cement; two of three largest producers of the building material in Kenya.