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Lafarge SA to exit Pakistan

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Sofima SAS, a fully-held direct subsidiary of Lafarge SA, is divesting its 100 per cent stake in Lafarge Pakistan Cement. Lafarge currently holds 73 per cent stake in the company, which has a 2.5 mtpa plant. Holcim does not have a plant in Pakistan and the move to let go the asset in Pakistan is not connected to the much-anticipated Lafarge-Holcim merger. It seems that this is Lafarge SA´s independent decision. DG Khan Cement Company of Pakistan and Vision Holdings from Middle East have already expressed their interest in acquisition of Lafarge S.A. DG Khan Cement has a 4.02 mt plant in Chakwal running at 98 per cent capacity. DG Khan has reported a 4 per cent decline in earnings for the first nine months of the current financial year, attributing the loss to higher energy and production costs. The possible merger may give the advantage of scale to the company.

DG Khan has informed all three stock exchanges and the Securities and Exchange Commission of Pakistan that it has the approval of its board of directors to proceed with due diligence for the acquisition.

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Concrete

Holcim UK drives sustainable construction

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Holcim UK has released a report titled ‘Making Sustainable Construction a Reality,’ outlining its five-fold commitment to a greener future. The company aims to focus on decarbonisation, circular economy principles, smarter building methods, community engagement, and integrating nature. Based on a survey of 2,000 people, only 41 per cent felt urban spaces in the UK are sustainably built. A significant majority (82 per cent) advocated for more green spaces, 69 per cent called for government leadership in sustainability, and 54 per cent saw businesses as key players. Additionally, 80 per cent of respondents stressed the need for greater transparency from companies regarding their environmental practices.

Image source:holcim

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Concrete

GCCA releases LCR system

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The Global Cement and Concrete Association (GCCA) has launched the Low Carbon Ratings (LCR) system for cement and concrete, a new global rating based on products’ carbon footprints. The system uses a clear AA to G scale to help customers prioritise sustainability in material selection across construction sectors worldwide. The GCCA says that the LCR system is designed to be easily recognisable, with a simple visual graphic that indicates a product’s rating and provides consistency and comparability to other products.

Image source:highways.today

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Concrete

FLSmidth opens eco-friendly plant in Casablanca

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FLSmidth has inaugurated a €21 million mill liner manufacturing plant in Casablanca, covering 11,250m² with a production capacity of 6,500 tonnes annually. The LEED-certified facility significantly reduces carbon emissions by up to 56 per cent and fully recycles water used in the manufacturing process. Up to 250 jobs will be created in the Valparaíso region. Mikko Keto, CEO, highlighted the plant as a symbol of FLSmidth’s commitment to sustainable mining and community engagement in South America. Earlier in 2024, the Denmark-based company announced plans to sell its cement division to sharpen its focus on mining operations.

 

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