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Lafarge Holcim
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.

Contents

1 History 2 Group 3 Management 4 References 5 External links

History[edit] On 7 April 2014, Lafarge and Holcim
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.[2] 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,[3] 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."[4] On 10 July 2015, Lafarge and Holcim
Holcim
completed the merger and created LafargeHolcim.[5] On 15 July 2015, the new Lafarge Holcim
Holcim
Group was officially launched.[6] In June 2016, Le Monde
Le Monde
reported that Lafarge paid taxes to ISIS
ISIS
middlemen in 2013 to 2014 to keep using their factory in Jalabiya, Northeastern Syria.[7][8][9] The former CEO, Eric Olsen, resigned in April 2017 because of the "strong tensions" incurred by the news.[10] However, an investigation conducted by Baker McKenzie
Baker McKenzie
concluded Olsen was not responsible for the payments.[11] 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.[12] Meanwhile, Sherpa filed a lawsuit against Lafarge over the payments.[12] In March 2017, French Foreign Minister Jean-Marc Ayrault
Jean-Marc Ayrault
criticized Lafarge Holcim
Holcim
for competing to build the wall on the Mexico-United States border promised by President Donald Trump.[13] They were also criticized by presidential candidate Emmanuel Macron.[14] Meanwhile, the city of Paris discontinued their contract with Lafarge Holcim
Holcim
to build Paris-Plages
Paris-Plages
because of the Trump Wall proposal; the company had been building the beaches for free since 2002.[15] Group[edit] Lafarge Holcim
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. Management[edit] Jan Jenisch took over as CEO of Lafarge Holcim
Holcim
on 1 September 2017.[16] Beat Hess is the chairman of the Board of Directors. Members of the Executive Committee are formally appointed by the Board of Directors:[17]

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)

References[edit]

^ a b c d e f http://www.lafargeholcim.com/lafargeholcim-at-a-glance.  Missing or empty title= (help) ^ Patrick Winters; Francois de Beaupuy (April 7, 2014). " Holcim
Holcim
to Merge With Lafarge to Form Biggest Cement
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, 2014.  ^ David Jolly (April 7, 2014). "Antitrust Hurdles Loom Large for Giant Concrete
Concrete
Merger". New York Times. Retrieved April 9, 2014.  ^ " Holcim
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
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
Holcim
CEO's Resignation on Syria Creates Power Vacuum". Bloomberg. Retrieved May 4, 2017.  ^ 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
Holcim
over Trump wall comment". Reuters. March 9, 2017. Retrieved May 4, 2017.  ^ Dalton, Matthew (March 10, 2017). "Lafarge Holcim
Holcim
Faces Warnings on Providing Cement
Cement
for U.S. Border Wall". The Wall Street Journal. Retrieved May 4, 2017.  ^ Baghdijan, Alice; Nussbaum, Ania (March 29, 2017). "Paris Boycotts Lafarge Holcim
Holcim
in Protest Over Trump's Mexico Wall". Bloomberg. Retrieved May 4, 2017.  ^ "UPDATE 2- Cement
Cement
group Lafarge Holcim
Holcim
cuts global demand outlook". Reuters. 26 July 2017. Retrieved 2017-10-26.  ^ "Executive Committee". LafargeHolcim.com. 

External links[edit]

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CAC 40
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