LafargeHolcim reaches objectives, focuses on India

Eric Olsen, the chief executive of LafargeHolcim, is reported as saying that all intermediary objectives have been reached as part of the merger of the two groups. Olsen said that the company will expand activities in India where cement consumption per person is equal to between 200-225tonnes/year, offering opportunities for development. The country has yet to conduct important infrastructure investments. By contrast, the per-person cement consumption in China is above 1,000tonnes/year, and a decline
March 22, 2016 Read time: 1 min

Eric Olsen, the chief executive of 8161 LafargeHolcim, is reported as saying that all intermediary objectives have been reached as part of the merger of the two groups.

Olsen said that the company will expand activities in India where cement consumption per person is equal to between 200-225tonnes/year, offering opportunities for development.

The country has yet to conduct important infrastructure investments. By contrast, the per-person cement consumption in China is above 1,000tonnes/year, and a decline is expected in the long term.

The company's sales in China are expected to increase even though the total cement market is expected to decline by between 4%-5% in the country.

Quarry Products

For more information on companies in this article

Related Content

February 9, 2016

LafargeHolcim receives revised CCI divestment order

LafargeHolcim has received a revised order from the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India, including three cement plants and two grinding stations with a total capacity of around 11 million tonnes/year.

July 11, 2016

LafargeHolcim enters agreement with Nirma to divest Lafarge India

LafargeHolcim has entered into a letter agreement with Nirma subject to approval by the Competition Commission of India (CCI) for the divestment of its interest in Lafarge India for an enterprise value of approximately US$1.4 billion (approximately €1.3 billion).

Lafarge India operates three cement plants and two grinding stations with a total capacity of around 11 million tonnes/year. The company also markets aggregates and is one of India’s leading ready-mix concrete manufacturers. The proceeds from th

boombox1

Highlighted Content

boombox2