Insider Header
FocusOn Landscapers | FocusOn Equipment Rentals | FocusOn Mining, Aggregates & Construction | FocusOn Land Improvement Contractors

Trending Industry Stories

US Electric Grid Hacked By Targeting Contractors And Subcontractors
VOLVO CE Goes Electric On Smaller Machines
Newmont Mining's $10 Billion Offer Would Create World's Largest Gold Miner
Rototilt® Compactors, Multi-Use Grapples, and Sorting Grapples for added Tiltrotator Versatility
Caterpillar, Komatsu and Atlas Copco Vehicles Go Driverless
NSSGA Announces Creation Of New Industrial Sand Division
Loadscan’s New Conveyor Belt Scanner Debuts At Agg1
Firmatek Transforms Drone Data into Insights in the Aggregate Mining Industry
Volvo Skid Steer Loaders - Durability And Performance You Can Count On
People Keep Stealing ‘Special’ Milepost Signs, But Washington State Has A Quirky Solution
Federal Shutdown Impacting Project Planning For State DOTs
Thugs From The Sand Mafia In India Attack Police
Youngsters Test Their Strength In Pedal Tractor Pull!
KOBELCO SK170LC Conventional Hydraulic Excavator





U.K. Quarry Expansion Says a Lot About LafargeHolcim’s Ambitions
Original source: Bloomberg

Screen Shot 2018-12-01 at 1.45.18 PM.png An old English quarry on a wet and windy November day is an unlikely setting for a turnaround of Europe’s biggest cement maker. But for LafargeHolcim Ltd. Chief Executive Officer Jan Jenisch, all he hears is the “sound of money.”

The 52-year-old was leading dozens of visitors around Bardon Hill, in the Midlands, where volcanic rock has been extracted for four centuries. Now, the embattled Swiss cement maker he runs is investing 80 million pounds ($102 million) to further expand the site in an effort to turn the ear-splitting process of crushing stone into a future cash cow.

“We have a huge catch up to do,” Jenisch said, noting that the company is the least profitable among rivals in the aggregates market. “It’s a bit of a sad situation, but has fantastic potential

The plan to bolster this end of LafargeHolcim’s business, which churns out materials for pavement and home-building, is emblematic of the bigger remodeling at hand at Europe’s biggest cement producer. More than three years after a painful tie up between French and Swiss market leaders, investors have pinned their hopes on Jenisch to steady a ship rocked by executive departures, a loss of confidence in his predecessor’s financial goals and a French criminal probe into past operations in Syria.

But there are also challenges, including at Bardon Hill - which is Europe’s biggest quarry and supplies some 15 percent of the U.K.’s annual rock and stone needs. The new investment will come amid a local market slowdown in the lead up to Brexit, which Jenisch dismisses as a blip because “infrastructure investment will continue.”

For the revamp of the company as a whole, outside forces in the shape of higher energy prices and weaker growth in some regions like Latin America are also throwing up roadblocks. The shares are down nearly a......

... GO TO Says a Lot About LafargeHolcim TO READ MORE

The FocusOn Group
FocusOn Landscapers
FocusOn Equipment Rentals
FocusOn Mining, Aggregates & Construction
FocusOn Land Improvement Contractors
The FocusOn Industry Insider, bringing you breaking news and information relevant to your industry.
We hope you enjoy this no charge service for FocusOn subscribers. Suggestions for making the Insider better?

Would you like to advertise with us?
Advertising Inquiry