By Peter OBIORA InvestAdvocate
Lagos (INVESTADVOCATE)-Newly unveiled world building materials and cement producers, LafargeHolcim said on Wednesday it’s targeting EUR 1.4 billion within three (3) years.
The company said its new ambition is supported by five (5) key focus areas which include the EUR 1.4 billion target in three (3) years, rigorous approach to capital allocation and overall reduction of capital spending.
Other key focus areas of LafargeHolcim are creating differentiation through innovative products and solutions and integration, creating one new group and culture.
Also, the firm said it will put Health and Safety at the center of the organisation.
LafargeHolcim CEO Eric Olsen says: “Now 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,” a statement from the company said.
The company says it will be organised along a new operating model oriented to serve the 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.
According to world building materials and cement producers, results for first half (H1) year of Holcim and Lafarge to be presented at the end of July, “LafargeHolcim will present the financial results of Lafarge and Holcim as standalone companies for the first half of this year on July 29, 2015.
It further affirmed the first combined interim results of the new Group will be presented for the nine (9) months results of 2015,” the company affirmed.
This is coming on the heels of a successful completion of the merger between Lafarge and Holcim and the listing of the new LafargeHolcim shares in Zurich and Paris.
LafargeHolcim added the new Group will now work towards creating the highest performing company in the building materials industry.
