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Christoph Beumelburg appointed Head of Group Communication & Investor Relations at HeidelbergCement
Written by Global Cement staff
12 June 2019
Germany: HeidelbergCement has appointed Christoph Beumelburg as Director Group Communication & Investor Relations. He succeeds Andreas Schaller, who has left the organisation.
Beumelburg started his career at BASF in 1995. He has since held different management positions both domestically and abroad, including Director Investor Relations USA. In 2010 he moved to the automotive and industrial supplier Schaeffler, where he held the position of Senior Vice President Communications, Marketing and Investor Relations. He holds an Industrial Engineering degree from the University of Kaiserslautern.
Thomas Schmidheiny reduces stake in LafargeHolcim 12 June 2019
Switzerland: Thomas Schmidheiny says he has reduced his share in LafargeHolcim to 7.2% from 10.9% to diversify his investment portfolio. He said that the decision was part of his ‘retirement and heritage’ planning, according to Reuters. He has no plans to minimise his stake any further.
Schmidheiny was made honorary chairman of LafargeHolcim in 2018 when he stepped down from the board. He began his career at Holcim in 1970. He became a member of the executive committee six years later and served as chief executive officer (CEO) between 1978 and 2001. After joining the board of directors in 1978 he was chairman of the board of directors from 1984 until 2003. Later, he was a key part of the merger between Holcim and Lafarge that completed in 2015.
France/Syria: Lafarge SA and three of its former executives are appealing against accusations of crimes against humanity. The Court of Appeal is expected to address the indictment in late June 2019, according to the Agence France Press. The former executives involved include Bruno Lafont, former chief executive offcier (CEO) of Lafarge, former safety director Jean-Claude Veillard, and one of the former directors of its Syrian subsidiary, Frédéric Jolibois. The Presecutor General has supported some arguments of the defence team.
If the appeal is succesful the legal case will focus instead on the financial aspects of Lafarge’s conduct in Syria between 2011 and 2014. It has been accussed of financing terrorism through indirect payments to extremist groups to keep its Jalabiya cement plant operational after the outbreak of war in Syria.
India: Larsen & Toubro (L&T) has been awarded an order to build a cement plant in Kurnool, Andhra Pradesh. The end client was not named but UltraTech Cement said in mid-June 2019 that it had received approval from the environment ministry to build a 6Mt/yr integrated cement plant in the same location. The plant will have a 60MW captive power plant and a 15MW waste heat recovery-based power unit. No value for the order has been disclosed.
Bolivia: Empresa Publica Productiva Cementos de Bolivia’s (ECEBOL) at Caracollo in Oruro will start commercial operation in August 2019. The US$306m plant will have a production capacity of 1.3Mt/yr, according to Radio FM Bolivia. A consortium of Sacyr, Imasa and Polysius have worked on the project.