The Competition Commission of India has approved the merger of cement giants Lafarge and Holcim on the basis that Lafarge will divest one cement plant and one grinding station in Eastern India. The total production capacity of the two units is 5 million tpy, leaving LafargeHolcim with 68 million t of cement production capacity in India once the merger is finalised.
The divestment process will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies. The divestment process will be completed subject to the closing of the merger between Lafarge and Holcim.
The closing of the planned merger is expected in July 2015.
WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.
World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.
Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.
There is no shortage of challenges when it comes to any cement silo cleanout project. Mole•Master Services Corporation was contracted to resolve a number of issues at a large cement producer in northeastern Missouri, US.
The Financial Express is reporting that the Competition Commission of India has written to Holcim and Lafarge requesting the divestment of assets in eastern India.
Lafarge has extended the closing date for the MTO applicable to minority shareholders of Ashaka Cement in Nigeria, and is reportedly buying back a <15% stake in Lafarge India.
