As part of Lafarge’s planned merger with Holcim - and subject to its completion – the company has signed an agreement to purchase the 14% stake in Lafarge India currently possessed by Baring.
The deal for the acquisition is valued at €270 million.
After the completion of the deal and subject to the approval of the regulatory authorities, Lafarge will possess 100% of the shares in Lafarge India.
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.
Lafarge and Holcim reorganisation project launched in preparation for merger, with the aim of creating a ‘lean organisation with empowered countries, regional management platforms, and group functions for the combined company’.
Lafarge is creating the potential for increased shipping traffic along the Saginaw River following the acquisition of two docks in Saginaw and Bay City.
At the recent commissioning of a second clinker line at Lafarge India’s Sonadih plant, Lafarge Chariman and CEO, Mr Bruno Lafont disclosed details regarding the company’s future plans in India.
