A Letter Decision [Filing A78823] issued by the National Energy Board (NEB) recently has approved TransCanada PipeLines Limited’s (TransCanada) application to construct and operate approximately 11.7 km of new natural gas pipeline Vaughan, Ontario. The approval is subject to 19
LafargeHolcim has announced changes to its Executive Committee in reflection of the evolution of the portfolio following recent divestments and a transition to the next phase for the Company as it closes its integration phase. Pascal Casanova, currently responsible for the L
Switzerland: LafargeHolcim has blamed lower prices and gas shortages in Nigeria for a drop in its adjusted operating earnings before interest, taxation, depreciation and amortisation (EBITDA) in the first half of 2016. Its adjusted operating EBITDA fell by 6.7% year-on-year to Eu
Vietnam: Siam City Cement has signed an agreement to buy LafargeHolcim’s entire 65% stake in LafargeHolcim Vietnam for US$890m. LafargeHolcim Vietnam operates one integrated cement plant and four cement grinding plants with a grinding capacity of 6.3Mt/yr. The company is also a
France: Vicat’s sales revenue from cement has fallen by 1.5% year-on-year to Euro761 in the first half of 2016 from Euro773m in the same period in 2015. The group has blamed the decline on a fall in selling prices in most of its market regions except for the US. It was also hit
Titan Cement Group has announced that it has concluded an agreement to acquire an equity stake in Brazilian Cement Manufacturer Companhia Industrial de Comento Apodi. Through a joint venture agreement, Cimento Apodi will be jointly owned and controlled on a 50/50 basis by the Bia
China: LafargeHolcim has signed a framework agreement with Tianjin Circle Enterprise Management Center (Tianjin Circle) to sell a controlling stake in Sichuan Shuangma Cement (Shuangma) for Euro469m. The multinational cement producer owns 55.93% of Shuangma. The sale is subject t
Shock news this week: Dangote Cement has decided to slow its expansion in Africa. The announcement from CEO Onne van der Weijde topped a half-year financial report that trumpeted high revenues and sales volumes of cement but one that also had to explain why earnings before intere
