LafargeHolcim launch globally combined building materials

LafargeHolcim, the company formed by the recent merger between Holcim and Lafarge, on Wednesday officially launched their new combined building materials company and committed to delivering savings of 1.4 billion Euros ($1.54 billion) within three years.

 

The new company with a combined global capacity of 386 million tons per annum (mtpa) aims to shift focus to faster growing emerging markets in Africa and Asia where cement demand is booming.

“By the end of 2016 we will have completed the integration,” LafargeHolcim Chief Executive Eric Olsen said in a conference call in Zurich. “Within 1,000 days we will realise the full synergy potential.”

ECOWAS Tariff takes off as Manufacturing Suffers

Thirty-eight days into the implementation of the Common External Tariff (CET), Nigeria’s manufacturing sector is beginning to feel the pinch as the new regime makes imported finished products cheaper than locally manufactured goods.

 

Currently, local drug manufacturers who import raw materials for domestic production pay as much as 20 percent duty, while importers of finished products from other countries pay no duty.