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The Lafarge executive’s appointment may be announced as early as today along with the all-share merger
which will create a company with USD 40 billion in sales
asking not to be identified because discussions are private
which would help cut production overcapacity and energy costs
plans to retain dual Swiss and French stock-market listings and operating headquarters
Both of the cement suppliers own operations in Romania, as well as other important production plants in France, Germany, Spain, the Czech Republic and Serbia. Holcim currently has 71,000 employees in 70 countries, and Lafarge has 65,000 employees in 64 countries, writes Mediafax.
Holcim Romania owns two cement plants in Campulung and Alesd
a grinding station and a cement terminal in Turda
two special binders plants and a cement terminal in Bucharest
Lafarge’s operations in Romania focus mainly on sales for cement
Holcim Romania was the leader of the Romanian construction materials market in 2012 (in terms of sales) despite the fact that its turnover dropped 6.2 percent compared to 2011. The manufacturer reported an average debt collection period of 44 days (industry average was 97 days).
Five of the top ten companies reported profit in 2012
Lafarge Ciment was ranked in the first position followed by Carpatcement Holding
The combined profit of the first ten players in this industry was down 77.4 percent in 2012 compared to 2008
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Holcim appointed a new director to manage the cement factory in Campulung
Director of the Campulung Cement Factory for six years
was promoted from January this year to the role of Industrial Director of Holcim Romania & Republic of Moldova
coordinating the activity of the factories in Alesd
The position of director of the Campulung cement factory is taken over by Claudiu Anghel
who until now held the position of Maintenance Manager and coordinator of investment projects
Director of the Holcim Ciment Campulung Factory: “I want us to continue to deliver the same important results at the Campulung cement factory in the next period as well and to contribute to the transformation of operations into ones that are as sustainable as possible
we will continue to take care of the development and safety of our employees and get involved in supporting the local community”
Holcim has made investments in projects worth over 1 million euros in the communities of Valea Mare Pravat
contributing to equipping computer and science laboratories in schools
supporting hospitals with high-performance equipment
but also the creation of playgrounds for children
Less than one year after Sofiane Benmaghnia took over as CEO of Holcim Romania
the news has broken that the cement producer could launch a digital project
less than one year since Benmaghnia took over
news has broken that under his leadership Holcim Romania could launch an online project
an interesting move given that the company’s core business lies offline and has mainly to do with cement production
Last year Benmaghnia said Holcim Romania would also go on investing in Geocycle
which transforms garbage into energy for its cement plants
“It is a way to cut our bills and solve communities’ problem with garbage at the same time
The volume processed last year was the equivalent of the garbage produced in Cluj in one year
We will go on investing in the Alesd plant to increase its capacity to the point where it can process the amount of waste produced by a city like Buzau in a single year,” said Benmaghnia
At the same time Holcim will invest in logistics space in order to improve distribution
Holcim Romania has invested over EUR 700 million over the years in increasing productivity and modernizing its local plants. One example is the EUR 15 million investment in a heat recovery installation at its factory in Alesd in 2013. The installation produces electricity using the gases resulting from the cement production process and generates about 15 percent of the electricity the factory uses.
Benmaghnia has a degree in Trade from the University of Tunisia
a certificate in management accounting from the Concordia University in Montreal
and an executive MBA from the University of Sherbrooke
he is a certified public accountant (CPA) and a certified management accountant (CMA)
Holcim Romania operates two cement factories in Romania in Campulung and Alesd
a grinding station and cement terminal in Turda
two special binding material plants and a cement terminal in Bucharest
The company has approximately 800 employees and is part of the LafargeHolcim group that resulted from the merger of Lafarge and Holcim in 2015
Construction materials manufacturers Lafarge and Holcim will need to sell 43 percent of their combined production capacity in Romania in order to obtain competition authorities’ approval for a merger
according to analysts from Deutsche Bank cited by the Wall Street Journal
French Lafarge and Swiss Holcim announced last week that they had reached an agreement to merge their global activities
head of Lafarge and of the future LafargeHolcim giant
said in a press conference that no production facilities would be closed and there would be only a small impact on the number of employees
the companies will have to sell assets worth 10-15 percent of their EBITDA to obtain regulatory approval for the merger
About two thirds of the divestitures will have to take place in Europe
Deutsche Bank representatives have indentified eight countries where
LafargeHolcim would have more than 50 percent of the market
last year proved a challenging one for the local cement market which was estimated to have dropped by between 3 and 5 percent as both residential and non-residential construction stalled
The two firms reported a combined local turnover of over EUR 440 million in 2012
according to data from the Ministry of Finance
Lafarge Romania’s sales amounted to EUR 229 million while Holcim Romania reported EUR 213 million in sales
The local subsidiary of French construction materials producer Lafarge sold 37.4 percent more cement in the first quarter of 2014 compared to the same period last year
The increase was mostly fuelled by good weather
supported by several projects started earlier due to favorable weather,” reads the manufacturer’s monthly report
Lafarge Romania runs two cement factories – in Medgidia and Hoghiz – and in addition to the cement business it also has divisions for aggregates, concrete and additional services.
The company has a market share of about 30 percent in Romania
Its main competitors are Swiss Holcim and Carpatcement
The Romanian cement market is estimated at around EUR 600-700 million (7 million tonnes)
Last year proved a challenging one and the market was estimated to have dropped by between 3 and 5 percent as both residential and non-residential construction stalled
In Q1 2014, the Lafarge group reported cement volumes were up 11 percent in the first quarter, with “continuing strength in emerging markets and solid growth in most of the European countries”. Like for like, EBITDA went up 21 percent and EBITDA margin was up 130 basis points, “with a particularly good performance in Middle East Africa”.
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