• Text size      
  • Send this article to a friend
  • Print this article

Merger of cement makers set to create industry world leader

CEMENT makers Lafarge and Holcim have announced plans to merge in a deal creating a business with combined sales of around £26 billion.

Lafarge recently merged its UK operations with those of Anglo American to create LafargeTarmac, a business employing 5,500 staff at 300 locations. It has dozens of sites around Scotland, ranging from a recycling centre on Glasgow's Bogmoor Road to Dunbar Cement in East Lothian.

Holcim owns Aggregate Industries in the UK. Its Scottish interests are also wide-ranging, including a cement operation at King George V Docks in Glasgow and Glensanda Quarry near Oban.

LafargeHolcim is set to be the world's leading player in cement, concrete and aggregates once the tie-up is completed in the first half of next year.

With the deal set to receive close scrutiny from regulators, the companies plan to offload assets, generating between 10% and 15% of their global earnings.

The tie-up has been presented as a merger of equals, with the new board featuring equal numbers of Lafarge and Holcim directors.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.