Holcim is a manufacturer of building materials (primarily
cement, aggregates and concrete), with a presence in around 80
countries and 81,000 employees being the largest in the world. It was
formed by the merger on 10 July 2015 of cement companies Lafarge and
Holcim, which had combined net sales of CHF 26 billion in 2017.
5 External links
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 worldwide in
2014. 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 Lafarge
Holcim Group was
officially launched. In June 2016,
Le Monde reported that Lafarge
paid taxes to
ISIS middlemen in 2013 to 2014 to keep using their
factory in Jalabiya, Northeastern Syria.
The former CEO, Eric Olsen, resigned in April 2017 because of the
"strong tensions" incurred by the news. However, an investigation
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
Holcim 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 Lafarge
Paris-Plages because of the Trump Wall proposal; the company had
been building the beaches for free since 2002.
Holcim operates in around 80 countries and focuses on cement,
aggregates, ready-mix and solutions & products. The group has
81,000 employees around the world and combined net sales of CHF 26
billion in 2017.
The Group is based in Switzerland but its central functions remain
divided between Zurich and Paris. The company's research facilities
are in l'Isle d'Abeau, near Lyon, France.
Jan Jenisch took over as
CEO of Lafarge
Holcim on 1 September 2017.
Beat Hess is the chairman of the Board of Directors.
Members of the Executive Committee are formally appointed by the Board
Jan Jenisch, Chief Executive Officer
Géraldine Picaud, Chief Financial Officer
Caroline Luscombe, Organization and Human Resources
Marcel Cobuz, Member (Europe)
René Thibault, Member (North America)
Saâd Sebbar, Member (Middle East Africa)
Oliver Osswald, Member (Latin America)
Urs Bleisch, Member (Growth & Performance)
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^ Patrick Winters; Francois de Beaupuy (April 7, 2014). "
Merge With Lafarge to Form Biggest
Cement Maker". Bloomberg. Retrieved
April 9, 2014.
^ Natalie Huet; Caroline Copley (April 7, 2014). "Holcim, Lafarge
agree to merger to create cement giant". Reuters. Retrieved April 9,
^ David Jolly (April 7, 2014). "Antitrust Hurdles Loom Large for Giant
Concrete Merger". New York Times. Retrieved April 9, 2014.
Holcim and Lafarge complete merger and create LafargeHolcim, a new
leader in the building materials industry". LafargeHolcim.com.
Retrieved 10 July 2015.
^ "A new leader for a new world: Lafarge
Holcim officially launched
around the globe". LafargeHolcim.com. Retrieved 15 July 2015.
^ Ayad, Christophe; Guibert, Nathalie; Kaval, Allan; Kellou, Dorothée
Myriam; Zerrouky, Madjid (June 21, 2016). "Syrie : les troubles
arrangements de Lafarge avec l'Etat islamique". Le Monde. Retrieved
May 4, 2017.
^ "French cement maker Lafarge 'made deals with IS group in Syria'".
France 24. June 22, 2016. Retrieved May 4, 2017.
^ Bouaziz, Franck (April 25, 2017). "Comment Lafarge s'est pris les
pieds dans le ciment". Libération. Retrieved May 4, 2017.
^ Baghdijan, Alice (April 24, 2017). "Lafarge
Holcim CEO's Resignation
on Syria Creates Power Vacuum". Bloomberg. Retrieved May 4,
^ Bayart, Bertille (April 24, 2017). "Le patron de LafargeHolcim
quitte le groupe". Le Figaro. Retrieved May 4, 2017.
^ a b de Boni, Marc (May 3, 2017). "Un ex-candidat du FN impliqué
dans les relations troubles entre Lafarge et Daech". Le Figaro.
Retrieved May 4, 2017.
^ "French minister rebukes Lafarge
Holcim over Trump wall comment".
Reuters. March 9, 2017. Retrieved May 4, 2017.
^ Dalton, Matthew (March 10, 2017). "Lafarge
Holcim Faces Warnings on
Cement for U.S. Border Wall". The Wall Street Journal.
Retrieved May 4, 2017.
^ Baghdijan, Alice; Nussbaum, Ania (March 29, 2017). "Paris Boycotts
Holcim in Protest Over Trump's Mexico Wall". Bloomberg.
Retrieved May 4, 2017.
^ "UPDATE 2-
Cement group Lafarge
Holcim cuts global demand outlook".
Reuters. 26 July 2017. Retrieved 2017-10-26.
^ "Executive Committee". LafargeHolcim.com.
CAC 40 companies of France (as of 4 October 2017)