Cement News tagged under: Acquisition
Heidelberg's European bet22 October 2015, Published under Cement NewsFollowing the completion of the LafargeHolcim merger in mid-July, less than a fortnight later, HeidelbergCement announced its intention to buy Italcementi. The acquisition would consolidate HeidelbergCement’s no 2 position in the cement industry and regain its market leadership in the aggregates sector. ICR examines the drivers behind this latest M&A activity in the cement industry. With the Italcementi acquisition, HeidelbergCement takes a punt at the forecast Mediterranean recovery ... |
CRH01 October 2015, Published under Cement NewsCRH completed the acquisition of certain assets in the Philippines on 14 September, the largest of which is Lafarge Republic. CRH has secured a EUR484m investment by Abostiz Equity Partners, a Philippine conglomerate, into the business as a shareholder. |
Buzzi Unicem01 October 2015, Published under Cement NewsBuzzi Unicem has submitted an offer to acquire the cement and concrete operations of SACCA SpA. These consist of five cement works with an approximate market share of six per cent, three idle cement terminals and 27 ready-mixed concrete batching plants, mainly in central Italy. Provisionally, the operations have been valued at EUR74m. |
Italcementi01 October 2015, Published under Cement NewsItalcementi has sold its 5.24 per cent stake in West China Cement for HKD341m (EUR38.5m). The stake had been held through CimFra (Chine) Ltd. |
LafargeHolcim01 October 2015, Published under Cement NewsLafarge Malaysia is spending MYR330m (EUR68.5m) to acquire Holcim (Malaysia). This deal would raise Lafarge Malaysia’s capacity from 12.95Mta to 14.14Mta. |
UltraTech Cement29 September 2015, Published under Cement NewsUltraTech’s Awarpur plant in Maharasthra has been given Environment Ministry clearance to expand its capacity. The proposal will see cement capacity rise from 4.48Mta to 6Mta and clinker potential from 3.3Mta to 4.5Mta. Although the expansion will be carried out within the existing plant area, an additional 5.1MW of power is expected to be required. The company has been asked to comply with certain conditions as part of the expansion plan including installing air monitoring devices to kee... |
Buzzi Unicem03 August 2015, Published under Cement NewsBuzzi Unicem is selling the remaining 50 per cent of cement additives group Addiment Italia to its joint venture partner Sika AG, which had been its partner since 2003. |
Lafarge02 July 2015, Published under Cement NewsAs part of the joining up with Holcim, Lafarge is acquiring Baring’s 14 per cent stake in Lafarge India for EUR270m. Lafarge’s subsidiary Ashaka Cement reported a 53.5 per cent drop in first-quarter profits to the end of March to NGN886m (US$4.5m) as insurgency disrupted operations and a prolonged rainy season reduced demand. The turnover in the perion decreased by 29.8 per cent. |
UltraTech Cement01 June 2015, Published under Cement NewsJaiprakash Associates Ltd has reportedly been given the green light by shareholders to sell two cement units in Madhya Pradesh to UltraTech Cement Ltd. The deal, which was originally penned in December last year, is believed to be worth around INR54bn (US$847m). According to press reports, UltraTech is also interested in purchasing Jaiprakash’s 2.2Mta plant in Chhattisgarh state in a deal worth INR20bn. If it receives the go-ahead, the move will boost UltraTech’s total production capacity to... |
Cementos Argos01 June 2015, Published under Cement NewsCementos Argos has reported a 3.3 per cent YoY increase in net profit to COP78.9m (US$29m) in 1Q15, driven by improved sales in the US. EBITDA in the period grew by 18 per cent while revenue advanced by 27 per cent. Around 60 per cent of the company’s income now comes from outside Colombia. Total cement sales during the quarter came in at 3.2Mt, up by 18 per cent compared to the same period last year, while ready-mixed concrete volumes improved by seven per cent to 2.5Mm 3 . Colombian cem... |