LafargeHolcim on 15 July officially launched the new Group around the world and announced key elements of its ambitions for the future. 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.
LafargeHolcim CEO Eric Olsen says:“Now as LafargeHolcim, we will step into then phase of our transformation to become the leader in every respect – acompany that has a positive impact on the world and can make a real difference for its customers , its employees, its shareholders and society.”
Lafarge Holcim’s new ambition supported by five key focus areas
The company is initiating a strategic transformation by building on the best of both Lafarge and Holcim. The Group will now focus on five areas in the first integration phase:
Synergies: delivering delivering on €1.4billion synergy target within three years.
Capital allocation:rigorous approach to capital all location and overall reduction of capital spending
Commercial transformation: creating differentiation through innovative products and solutions
Integration:creating one new group and culture
Health and Safety:putting Health and Safety at the center of the organization
LafargeHolcim will be organised along a new operating model oriented to serve local customers ,while leveraging the Group’s size, footprint, and capabilities at global scale. It combines empowered countries, regional management platforms and expertise-driven group functions.
Results for first half year of Holcim and Lafarge to be presented at the end of July
LafargeHolcim will present the financial results of Lafarge and Holcim as stand alone companies for the first half of this year on July 29, 2015. The first combined interim results of the new Group will be presented for the 9 months results of 2015.
Press release
More information at www.lafargeholcim.com
More South African information from Unathi Batyashe-Fillis, Tel:+27(0)11 657 1109 / Email: unathi.fillis@lafarge.com
