Displaying items by tag: Mauritius

Egypt: Lafarge Egypt has appointed Jimmy Khan as its chief executive officer (CEO).

Khan has worked for Holcim, LafargeHolcim and Lafarge for 18 years. Notable positions include becoming Head of Business Processes, Internal Control and Audit - Nigeria in 2013, CEO of LafargeHolcim Mauritius and Seychelles in 2015 and Country CEO of Zambia in 2018. He is a graduate of the Pamplin College of Business at Virginia Tech in the US.

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."

France: Hoffmann Green Cement Technologies has signed a contact with Réunion-based retailer Ravate Group, under which the latter will stock its H-Iona slag cement in its shops in Réunion, Mauritius and Mayotte until 2025. The producer says that the first deliveries will follow in late 2021.

Owners Julien Blanchard and David Hoffmann said “Providing professionals and the general public with the possibility of buying very low-carbon cement, and thus of helping fight global warming, is a source of great pride for Hoffmann. We are delighted to have signed this first H-Iona distribution contract with Ravate Group, an independent family-run business with which we share many values such as innovation and respecting the environment. This partnership will allow us to increase our current order book and generate deliveries of bags of cement from 2021. We intend to sign more partnership deals of this type in order to be able to supply H-IONA and its exceptional benefits, notably environmental benefits, to as many people as possible.” Ravate Group operates over 40 outlets.

Mauritius: Private Infrastructure Development Group (PIDG)’s subsidiary GuarantCo has filed an insolvency petition against Dalmia Bharat Cement’s subsidiary Calcom Cement India for the alleged non-payment of US$27.5m. The Financial Express has reported that GuarantCo was the guarantor for various loans which Calcom obtained from Indian banks in 2007. A Dalmia spokesperson has stated that the procedures are intended “to put pressure on Calcom Cement,” which “has not committed any default in making payments to GuarantCo.”

Mauritius: Lafarge Mauritius has launched Lakaz Mazik, a cement bag that dissolves in a concrete mixer. The bag has been developed by Sweden’s BillerudKorsnäs, according to the L’Express newspaper.

Mauritius: Dominique Billon, the general manager of Kolos, says that the local cement market has grown by 10% so far in 2018. He added that his company holds a 44% market share, according to Le Défi Plus newspaper. Local demand has risen due to infrastructure projects including the Metro Express and the Côte d'Or Smart City. Kolos operates a 60,000t cement terminal in the country. Its cement products include Kolos Plus and Kolos Classic.