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Lafargeholcim Says Priced EUR 850 Mln Sustainability-Linked Bond With Coupon Of 0.5% Maturing In 2031
Lafargeholcim CEO Says We Are Quite Confident Going Into The Last Quarter Of The Year
Lafargeholcim Carbon Capture Portfolio Exceeds 20 Projects
LafargeHolcim Ltd (LafargeHolcim) is a holding company operating in building materials industry. The Company's segments include Asia Pacific, Latin America, Europe, North America and Middle East Africa. The Company has three product lines, such as Cement, which consists of clinker, cement and other cementitious materials; Aggregates, and Other construction materials and services, which consists of ready-mix concrete, concrete products, asphalt, construction and paving, trading and other products and services. The Company serves masons, builders, architects and engineers around the world. The Company operates in over 90 countries. The Company produces a range of cements and hydraulic binders. These range from Portland cements and classic masonry cements to specialized products for a range of environments, such as environments exposed to seawater, sulfates and other natural conditions. Its concrete brands include Agilia, Chronolia, Artevia, Extensia, Thermedia and Hydromedia.
Construction - Raw Materials
Beat W. Hess
Independent Chairman of the Board
Chief Executive Officer, Member of the Executive Committee
Independent Vice Chairman of the Board
Chief Financial Officer, Member of the Executive Committee
Head of Legal and Compliance, Group General Counsel, Member of the Executive Committee
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* Analysts expect positive share price reaction (Rewrites, adding CEO comment, share price reaction)
French construction materials group St Gobain reported lower first-half profits on Thursday, although the company hoped for a better second-half performance, echoing comments from rivals LafargeHolcim and HeidelbergCement.
* CEO does not think a second virus wave will derail recovery
HeidelbergCement, the world's No. 2 cement maker, on Thursday said it would continue to tighten its purse strings in the wake of the coronavirus crisis after a good start to the July-September quarter.
LafargeHolcim <LHN.S> has decided to keep its $2.15 billion Philippines business after a deal to sell the operation collapsed, the world's biggest cement maker said on Monday.
Lafargeholcim will keep its Philippines business after its deal to sell the operations, valued at $2.15 billion, to San Miguel Corporation collapsed, the world's largest cement maker said on Monday.
LafargeHolcim's deal to sell its Philippines business, valued at $2.15 billion, has failed after the country's competition authority did not give approval in time.
* Company plans no job cuts as part of cost savings drive (Rewrites, adding CEO, analyst comments)
LafargeHolcim reported a drop in sales and profit during its first quarter on Thursday as the coronavirus pandemic closed building sites around the world.
LafargeHolcim ditched its profit forecast for 2020 and announced spending cuts to counter the downturn in construction caused by the coronavirus, the world's biggest cement maker said on Friday, adding it was not planning job cuts for now.
LafargeHolcim said it was not planning any job cuts as the world's biggest cement maker ditched its profit forecast for 2020 and announced spending cuts to counter the downturn in construction caused by coronavirus.
LafargeHolcim expects to shake off a "massive slowdown" in China caused by the coronavirus with a rebound in Chinese demand later in the year and strong sales in other regions, the world's largest cement maker said on Thursday.
* Shares fall as much as 4.9% (Recasts, adds context, CEO comments)
LafargeHolcim <LHN.S> expects the construction industry to remain buoyant next year despite the downturn dragging on other sectors of the global economy.
LafargeHolcim <LHN.S> has distanced itself from bidding for BASF's <BASFn.DE> construction chemicals business, with the cement maker's Chief Executive Jan Jenisch saying his company has no plans for large acquisitions at the moment.
LafargeHolcim has distanced itself from bidding for BASF's construction chemicals business, with the cement maker's Chief Executive Jan Jenisch saying his company would not consider large deals.
South African cement company PPC named ex-LafargeHolcim veteran Roland van Wiljnen as its new chief executive on Wednesday after a near seven-month search.
Thomas Schmidheiny, a major shareholder in LafargeHolcim, said he had cut his stake in the Swiss cement maker to 7.2% from 10.9% to diversify his investment portfolio.
* Company beats market expectations for first-quarter results
LafargeHolcim expects to increase the number of small acquisitions it makes this year after buying four businesses so far in 2019, Chief Executive Jan Jenisch said on Wednesday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.