Lafarge news

Lafarge is a French multinational company that specializes in the production of cement, concrete, and aggregates. Here are some recent news articles and updates about Lafarge:

Recent News

  1. LafargeHolcim and HeidelbergCement to merge: In February 2021, LafargeHolcim and HeidelbergCement announced a merger agreement, creating a global leader in the cement industry. The combined company will have a presence in over 180 countries and employ around 140,000 people. (Source: Reuters)
  2. LafargeHolcim to acquire Firestone Building Products: In January 2021, LafargeHolcim announced that it would acquire Firestone Building Products, a leading manufacturer of roofing and waterproofing solutions, for $3.4 billion. (Source: LafargeHolcim press release)
  3. LafargeHolcim to invest in sustainable cement production: In November 2020, LafargeHolcim announced plans to invest CHF 1.5 billion (approximately $1.6 billion) in sustainable cement production technologies over the next five years. (Source: LafargeHolcim press release)
  4. LafargeHolcim to divest assets in Africa: In October 2020, LafargeHolcim announced plans to divest its assets in Africa, including its cement and aggregates businesses in several countries. (Source: Bloomberg)

Recent Developments

  1. LafargeHolcim's sustainability strategy: LafargeHolcim has set a goal to reduce its carbon footprint by 30% by 2030 and to become carbon neutral by 2050. The company is investing in sustainable cement production technologies and reducing its energy consumption.
  2. LafargeHolcim's digital transformation: LafargeHolcim is investing in digital technologies, including artificial intelligence, blockchain, and the Internet of Things (IoT), to improve its operations and customer service.
  3. LafargeHolcim's expansion in Asia: LafargeHolcim has been expanding its presence in Asia, particularly in China, India, and Southeast Asia, where it sees significant growth opportunities.

Recent Financial Results

  1. LafargeHolcim's 2020 financial results: LafargeHolcim reported a net sales revenue of CHF 24.4 billion (approximately $26.5 billion) in 2020, a decrease of 10.4% compared to 2019. The company reported a net loss of CHF 1.4 billion (approximately $1.5 billion) in 2020.
  2. LafargeHolcim's 2021 financial guidance: LafargeHolcim has provided guidance for 2021, expecting a net sales revenue of CHF 25.5 billion (approximately $27.5 billion) and an adjusted EBITDA margin of around 15%.

I hope this information is helpful!