Details of the Lafarge Holcim merger have been announced, expected to complete H1 2015 "subject to obtaining regulatory approvals". To satisfy such approvals? A "strategic optimization of portfolio while anticipating regulatory requirements through divestments: 10% to 15% of the global Ebitda".
In 1965, Straitgate Farm near Ottery St Mary in Devon was bought by ECC Quarries in the hope it would yield 20 million tonnes of sand & gravel. In 2001, Straitgate Action Group was formed to oppose the development and its potential harm to water supplies, ancient wetland habitats, protected species and much more. In 2023, Aggregate Industries – owned by Swiss giant Holcim – was finally granted permission to quarry just 1 million tonnes following a public inquiry. This blog records the story.