LafargeHolcim - January 2019

The sale of the 80.6 per cent stake in Holcim Indonesia to Semen Indonesia, formerly known as Semen Gresik, has been completed, taking Semen Indonesia’s share from 35.7 per cent of the national capacity to 49.5 per cent. The deal, valued at around US$1750m, adds four cement works, 33 ready-mixed concrete plants and two quarries to Semen Indonesia’s production base. Semen Indonesia also has a sizeable cement business in Vietnam. The completion of this deal suggests that a disposal of the Philippine operations are less likely, at least in the near term.

In separate news, LafargeHolcim’s Ugandan subsidiary Hima Cement is aiming to build a cement plant in Rwanda.