The Warsaw Voice » Business » Monthly - September 30, 2015
Business & Economy
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Building Materials Giant Launched After Merger
   
Building materials giant LafargeHolcim was officially launched July 15 following the merger of French cement and concrete producer Lafarge and Swiss-based global construction materials and aggregates firm Holcim.

The new company aims to achieve synergies totaling 1.4 billion euros within three years. It said in a statement that it was “initiating a strategic transformation” by building on the best of both Lafarge and Holcim.

“Following the successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris, the new group will now work towards creating the highest-performing company in the building materials industry,” the company added.

LafargeHolcim CEO Eric Olsen said, “As LafargeHolcim, we will step into the next phase of our transformation to become the leader in every respect—a company that has a positive impact on the world and can make a real difference for its customers, its employees, its shareholders and society.”

LafargeHolcim said it would focus on five areas in the first phase of integration: delivering 1.4 billion euros of synergies; a rigorous approach to capital allocation and an overall reduction in capital spending; commercial transformation through innovative products and solutions; integration—creating one new group and culture; and putting health and safety at the center of the organization.

LafargeHolcim added that it would be organized according to a new operating model oriented at serving local customers “while leveraging the group’s size, footprint, and capabilities at a global scale.”

The LafargeHolcim group has 115,000 employees around the world.

A.R