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Ethiopia has 20 cement factories which produce mainly OPC and PPC cement. Two other cement factories are in the pipeline. As of 2017, production capacity in Ethiopian, according to the Ethiopian Reporter, [12] has increased to 15 million tonnes per year, but local consumption is only 6 million tonnes per year.
Lafarge is a French industrial company specialising in cement, construction aggregates, and concrete. It is the world's largest cement manufacturer. It was founded in 1833 by Joseph-Auguste Pavin de Lafarge and is a part of the Holcim Group. In 2015, Lafarge merged with Holcim and a new company was formed under the name of LafargeHolcim. It was ...
As of September 2018, Zimbabwe cement manufacturers had installed capacity of approximately 2,000,000 tonnes of cement annually, [2] with the leading two manufacturers, PPC Zimbabwe and Lafarge Cement Zimbabwe Limited being responsible for more than 70 percent of production. [3]
On 7 April 2014, Holcim and Lafarge announced they had agreed to terms on a "merger of equals" valued at nearly $60 billion. The merger entails 10 Lafarge shares being converted into 9 Holcim shares. Holders of 86% of Lafarge shares accepted this offer in June 2015, according to Holcim, meaning that the merger would proceed. [12]
Nuvoco is the part of the Nirma Group conglomerate, entered the cement sector in 2014 by establishing a new cement plant in Nimbol, Rajasthan. The company expanded by acquiring Lafarge India Limited in 2016 and later changed its name to Nuvoco Vistas Corp. Ltd in 2017. [5]
Holcim operates four businesses segments: cement, aggregates, ready-mix concrete, and other products, including precast concrete, asphalt, mortar, and other building materials. Originally, the company was established as LafargeHolcim by the merger on 10 July 2015 of Holcim and Lafarge, which had combined sales of CHF 26.7 billion in 2019. [3]
In July 2007, Aggregate Industries settled the case with an agreement to pay $50 million. $42 million of the settlement went to civil cases and $8 million was paid in criminal fines. The company will provide $75 million in insurance for maintenance as well as pay $500,000 toward routine checks on areas suspected to contain substandard concrete. [9]
In February 2015, Lafarge announced it had reached an agreement to sell the company to CRH plc, with the exception of its Cauldon cement plant. [12] Anglo American sold its 50% stake to Lafarge first, [13] for £992 million ($1.55 billion), [14] in order to allow CRH to buy the complete business. CRH completed the purchase in August 2015.
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