Type Public Industry Building materials Headquarters Switzerland Revenue 29 billion CHF (2015) | Traded as SIX: LHN
Euronext: LHN Number of locations 100 countries CEO Eric Olsen (10 Jul 2015–) | |
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Founded 10 July 2015; 19 months ago (10 July 2015) Key people Eric Olsen (CEO)
Beat Hess
(Co-Chairman)
Bruno Lafont (Co-Chairman) Stock price LHN (VTX) CHF 57.40 -0.35 (-0.61%)10 Mar, 5:30 PM GMT+1 - Disclaimer Subsidiaries Lafarge, Holcim, Aggregate Industries Profiles | ||
LafargeHolcim is a manufacturer of building materials (primarily cement, aggregates and concrete) which claims to be the largest in the world, with a presence in 90 countries and 115,000 employees. It was formed by the merger on 10 July 2015 of cement companies Holcim and Lafarge which had combined net sales of CHF 33 billion (EUR 27 billion) in 2014. The new company has a manufacturing capacity of 368.5 million tons a year.
Contents
Crh lafargeholcim contest final price of 2015 deal
History
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 in 2014 worldwide. 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 LafargeHolcim Group was officially launched.
Group
LafargeHolcim operates in 90 countries and focuses on cement, aggregates and concrete. The Group has 115,000 employees around the world and combined net sales of CHF 33 billion (EUR 27 billion) in 2014.
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
Eric Olsen is the CEO, and Wolfgang Reitzle and Bruno Lafont are the co-chairmen.
Members of the Executive Committee are appointed by the Board of Directors: