Displaying items by tag: Holcim Madagascar

Africa/Asia: Holcim has agreed to sell Holcim Madagascar, Holcim Reunion, Lafarge Comoros, Lafarge Mauritius and Lafarge Mayotte to Cementis Océan Indien, a newly launched subsidiary of Mauritius-based Taylor Smith Investment. The Les Echos newspaper has reported that Cementis Océan Indien's acquisition of Lafarge Seychelles is on-going.

Cementis Océan Indien chair Colin Taylor said "The companies that have been bought are all financially solid.” He added "Cementis is positioned as the regional leader in the production and distribution of cement."

Madagascar: LafargeHolcim has lobbied for cement homologisation norms to targeting importers. Chief Executive Officer François de Lesquen said that the company does not fear competition but wants a level playing field.

LafargeHolcim owns 90% and 66% respectively of Madagascar’s Ibity and Mahajanga cement plants, representing the entirety of domestic cement production. Holcim Madagascar yesterday launched its Orimbato 42.5 cement for heavy load-bearing concretes.