Source: Grupo Cementos de Chihuahua, Mexico
The GCC Board of Directors has appointed Enrique Escalante chief executive officer, effective January 2015. He succeeds Manual Milan, who is retiring after a tenure during which the company, through U.S. market entry, grew from six to116 ready mixed concrete plants and two to six cement plants, and developed a solid distribution network that transformed it into a supplier of choice.
Lafarge SA and Holcim Ltd. officials see financial benefits and integration possibilities in their proposed “merger of equals,” netting LafargeHolcim—present in 90 countries with $44 billion in sales; 470 million and 384 million tons of cement and aggregate shipments, respectively; plus, 90 million yd. of ready mixed production. The strategy they outlined in Zurich and Paris last month leads to a mid-2015 1:1 share exchange, the merged business operating under executives and directors drawn equally from both companies.