Displaying items by tag: Belgium

Greece: Titan Group’s share exchange offer between its subsidiaries has failed. It blamed this on a lack of ordinary shares being tendered despite the support of Titan’s core shareholders and its board of directors. The voluntary share offer was intended to help list its shares at exchanges in Brussels and Paris. The group said that its strategy remained focused on international growth. It added that broadening sources of funding and improving access to international capital and credit markets was an important priority.

Belgium: The European Commission has approved the acquisition of sole control over Cimpor Portugal by Turkey’s Oyak. The commission ruled that there are no competition concerns between the cement producers given that they operate in different geographic markets. The deal was announced in late October 2018.

Belgium/France: LafargeHolcim has appointed François Petry as the chief executive officer (CEO) of LafargeHolcim France and Head of France - Belgium. He succeeds Bénédicte de Bonnechose, who has decided to leave the group.

Petry has been the managing director of Aggregate Industries, a subsidiary of LafargeHolcim in the UK, since 2015. Prior to this he was the CEO of LafargeHolcim Romania since 2014 and the general manager for Aggregates in Holcim France since 2008. Before that, he held senior positions across the infrastructure, construction and waste industries in France.

He holds degree in Engineering from the École Nationale Superieure D’Arts et Metiers, ParisTech, as well as an executive MBA from the École des Hautes Etudes Commerciales de Paris.

Greece: Titan Group has submitted a share exchange offer to help list its shares at exchanges in Brussels and Paris. Following the completion of the process, Belgium-based Titan Cement International will become Titan's ultimate parent company managed from Cyprus, according to Reuters. The group intends to list its shares at Euronext Brussels with secondary listings on the Athens Exchange and Euronext Paris. Titan says it wants to broaden its funding sources by improving access to international finance.

Brazil: Mineração Belocal, a subsidiary of Belgium’s Lhoist, has purchased L-Imerys, a lime producer that operates a plant at Doresópolis in Minas Gerais. L-Imerys is a subsidiary of France’s Imerys, according to the Diário do Comércio newspaper. The 0.4Mt/yr lime plant was inaugurated in 2013. The sales is depending on approval by the relevant competition bodies. No value for the acquisition has been disclosed.

Belgium: HeidelbergCement has hosted a ground breaking ceremony for the Calix carbon capture pilot at CBR’s cement plant at Lixhe. The ceremony itself took place at the Liège Oupeye Water Treatment Plant near Liège as part of the inaugural Innovation in Industrial Carbon Capture Conference. The two-day event, which took place on 7 – 8 February 2018, was organised by the Low Emissions Intensity Lime And Cement (LEILAC) Consortium, a European Union (EU) Horizon 2020 backed research and innovation project.

Construction work on the pilot at the cement plant is scheduled to start imminently. The project will test Calix’s carbon capture technology for two years at an operational cement plant. The technology has previously been used in the magnesite calcining sector.

Over 130 delegates from industry, academia and government attended the conference. The agenda was designed to encourage discussion and knowledge sharing across key stakeholder groups with a strategic interest in innovation in carbon capture technology. As part of the programme, the wider challenges faced by the cement and lime sectors in Europe were also explored focusing on how EU industries can contribute to reaching climate change targets, the role of innovation and company entrepreneurship and a knowledge exchange fair on technology.

The LEILAC consortium, which consists of representatives from the lime and cement industries, technology and engineering providers and research institutes, has set up as an industrial project securing Euro12m in EU funding in order to demonstrate technology to reduce carbon emissions from cement and lime industries.

Belgium: Stefan Borgas, the chief executive officer (CEO) of RHI Magnesita, has started working as the new president of the World Refractories Association (WRA). He succeeds François Wanecq, the former CEO of Vesuvius.

The WRA was founded in 2014 by refractory industry associations and multinational companies. The WRA constitutes a forum to debate regulatory issues affecting global trade, circulate aggregated industry statistics, promote the interests of the worldwide refractory industry, and act as a counterpart to other world industry organizations such as the World Steel Association. The WRA is composed of continental associations including Europe (PRE), Latin America (ALAFAR) and North America (TRI) as well as national associations from China (ACRI), India (IRMA) and Japan (JRA). Multinational companies are also direct members.

Belgium: Cembureau, the European cement association, has published a position paper outlining its stance European Commission’s plastics strategy. The association wants policymakers to ensure any plastic waste that has a calorific value that can be recovered as a fuel source is not landfilled. At present there are differences in waste management policies across the member states of the European Union.

Other points that Cemburea wants to highlight include: a ban on landfill of recoverable and recyclable waste; recognition that cement plants can treat different waste streams such as plastics and simultaneously recycle them as material in the manufacturing process of cement and recover them as energy; the specific relevance that co-processing offers the unique opportunity of a simultaneous energy and material recovery; and the potential to minimise investment costs in dedicated facilities.

In January 2018, the European Commission published a dedicated Plastics Strategy as part of the Circular Economy package. The strategy indicates that there is currently a low rate of recycling or reuse of plastics with most of it going to landfill or used in incinerators.

Belgium: Cembureau, the European Cement Association, has signed the Joint Initiative for Standardisation. This initiative is an action to unify standards between the European Commission, European Union and European Free Trade Association Member States, national and European standardisation bodies and industry associations. The aim of the initiative is to work towards prioritisation, modernisation and appropriate speed for timely standards. Key areas that Cembureau will focus on include increased awareness, education and understanding about the European Standardisation System, ensuring adequate European standards exist and supporting European competitiveness in global markets.

Syria: A report into the alleged activities of Lafarge Syria, now part of LafargeHolcim, claims that the company paid a total of US$5.6m to a number of local factions in Syria, including to the Islamic State group, between July 2012 and September 2014. The report by the US consultant Baker McKenzie in collaboration with PricewaterhouseCoopers was first reported upon by the French satirical weekly Le Canard enchaîne (The Chained Duck).

According to Le Canard enchaîne, a large portion of the payments were paid to ensure the safety of local staff and the free movement of Lafarge trucks, often blocked by fighters at checkpoints. Groups were also reportedly paid as suppliers, as they controlled access to heavy fuel oil or certain raw materials in part of the region. The document prepared by Baker McKenzie states that the Islamic State group could have collected at least US$500,000. The French Ministry of the Economy took legal action in 2016 on possible offenses committed by the cement group Lafarge by operating a plant in Syria, despite EU bans.

LafargeHolcim has maintained its stance that it ‘deeply regrets and condemns the unacceptable mistakes made in Syria’ and states that it called a central investigation as soon as it became aware of the irregularities. On 14 November 2017, police raided LafargeHolcim's offices in Paris and those of its 9.4% shareholder Groupe Bruxelles Lambert (GBL) in Brussels, Belgium. An investigation into the activities continues.