A Holcim plant. (Photo: www.holcim.com.vn)
The merger between Lafarge Vietnam and Holcim Vietnam, which is scheduled for completion next month, will help LafargeHolcim optimize its production in the context an oversupply has put local cement producers in difficulties, a Holcim Vietnam official said.
In July 2015, Switzerland’s Holcim Ltd and Lafarge S.A. completed their global merger and launched LafargeHolcim, a world leader in the building materials industry.
LafargeHolcim is present in 90 countries and focuses on cement, aggregates and concrete. The group has 115,000 employees around the world and combined net sales of EUR27 billion in 2014.
In Vietnam, the post-merger LafargeHolcim has five cement plants and eight ready mixed concrete batching plants, with an annual capacity of 5.2 million tons of cement and one million cubic meters of concrete.
The firm will retain its brands of Lafarge and Holcim’s products such as Lavilla (Lafarge) and Holcim Power-S (Holcim), Nguyen Cong Minh Bao, head of Holcim Vietnam’s Sustainable Development, told the Saigon Times newspaper.
Ho Chi Minh City-based Holcim Vietnam presently holds a 26% market share in Vietnam while Lafarge Vietnam takes a 12% share, with their main products being cement, concrete and aggregate, Mr. Bao added.