Restructuring costs have reduced LafargeHolcim's profits



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The Lafarge Holsim Group also operates in Bulgaria. The three main directions of Holcim's business in Bulgaria are the production of cement, aggregates and concrete.

The world's largest cement producer, LafargeHolcim, which has commercial activities and Bulgaria, plunged 43% in the first half. One of the reasons is restructuring costs of 300 million francs

. The Zurich company said its net profit at the end of the half was CHF 371 million to CHF 651 million a year earlier. The company's sales increased by 2.7% to 13.27 billion francs. Under the leadership of Jan Yenis, Chief Executive Officer, who took office last September, the company is implementing a restructuring program to reduce costs. According to the manager, operating problems in some markets are resolved and expectations are to achieve rising margins, capturing the upward trend in demand in the second half of this year. LafargeHolcim's results are backed by strong growth in India, where it is one of the largest markets in the company. The losses in Africa, however, were tainted on the final financial result, with its regional division reporting a loss.

LafargeHolcim was formed in 2015 following the merger of French Lafarge and Swiss Holcim with the aim of achieving faster growth. The Lafarge Holcim Group is a world leader in the production of cement, aggregates (crushed stone, gravel and sand) and concrete. The company owns the most ramified manufacturing network of the industry, including companies in about 90 countries across the continents. The company's product range also includes processed products such as ready-mixed concrete mixes and asphalt and related services.

As part of this progressive organization, LafargeHolcim in Bulgaria have access to global resources, research and innovative developments in the field of advanced technologies for the production of cement, aggregates and concrete. Holcim (Bulgaria) PLC produces four brands of cement with a certificate of quality on the Bulgarian and European markets in its cement plant in Beli Izvor. standards.

"Holcim Career Materials" AD has four quarries on the outskirts of Sofia for the production of a wide range of river factions (sand, felt and gravel) and three others in the country

The Holcim Production Concrete Division (Bulgaria) JSC has a concrete center on the outskirts of Sofia (Obelya Blvd. on Lomsko Shosse) and two concrete centers on the outskirts of Plovdiv (BC "Sever", located on Pazardzhishko shose and BC "Yug", located on a boulevard "Brothers Buxton" 134). The concrete centers are equipped with advanced technological equipment and offer a wide range of finished concrete mixes. The company can realize complex projects requiring the delivery of large quantities of concrete in a short time

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