LafargeHolcim
 |
|
| Public | |
| Traded as |
SIX: LHN Euronext: LHN CAC 40 Component |
| Industry | Building materials |
| Founded | 10 July 2015 |
| Headquarters | Jona, Switzerland |
|
Number of locations
|
100 countries |
|
Key people
|
Eric Olsen (CEO) Beat W. Hess Chairman) |
| Services | Cement, Aggregates, Concrete |
| Revenue | 29 Bn CHF (2015) |
| 251 million CHF (2015) | |
| Profit | -1,361 million CHF (2015) |
| Total assets | 73,298 million CHF (2015) |
| Total equity | 35,722 million CHF (2015) |
| Owner |
Thomas Schmidheiny (11.4%) Groupe Bruxelles Lambert (9.43%) |
|
Number of employees
|
100,000 (2015) |
| Subsidiaries |
Lafarge Holcim |
| Website | www |
LafargeHolcim is a manufacturer of building materials (primarily cement, aggregates and concrete) which claims to be the largest in the world, with a presence in 90 countries and 115,000 employees. It was formed by the merger on 10 July 2015 of cement companies Holcim and Lafarge which had combined net sales of CHF 33 billion (EUR 27 billion) in 2014. The new company has a manufacturing capacity of 368.5 million tons a year.
On 7 April 2014, Lafarge and Holcim announced a merger project to create LafargeHolcim.
With a combined market value exceeding $50 billion, the merger was the second largest announced in 2014 worldwide. It was early recognised that a merger of this scale would raise regulatory concerns. The planned divestments account for between 10 and 15% of the companies' current EBITDA, while the deal was expected to save the company 1.4 billion euros (US$1.9 billion) annually and create "the most advanced group in the building materials industry."
On 10 July 2015, Lafarge and Holcim completed the merger and created LafargeHolcim. On 15 July 2015, the new LafargeHolcim Group was officially launched.
In June 2016, Le Monde reported that Lafarge paid taxes to ISIS middlemen in 2013-2014 to keep using their factory in Jalabiya, Northeastern Syria. The CEO, Eric Olsen, resigned in April 2017 because of the "strong tensions" incurred by the news. However, an investigation conducted by Baker McKenzie concluded Olsen was not responsible for the payments. Instead, Mediapart suggested Jean-Claude Veillard, the director of security for Lafarge and a former candidate for the National Front, was aware of the payments. Meanwhile, Sherpa filed a lawsuit against Lafarge over the payments.
In March 2017, French Foreign Minister Jean-Marc Ayrault criticized LafargeHolcim for competing to build the wall on the Mexico-United States border promised by President Donald Trump. They were also criticized by presidential candidate Emmanuel Macron. Meanwhile, the city of Paris discontinued their contract with LafargeHolcim to build Paris-Plages because of the Trump Wall proposal; the company had been building the beaches for free since 2002.
...
Wikipedia