Votorantim - October 2019

Votorantim is among the companies believed to be interested in buying LafargeHolcim’s Australian and New Zealand divisions, according to The Australian. The cement giant is reportedly considering exiting the two countries in a bid to drive down debt levels.

Cement Australia Pty Ltd and Cement Australia Partnership (CACAP) is the company that LafargeHolcim operates as in Australia. It currently operates two integrated plants at Railton, Tasmania and Gladstone, Queensland, and two grinding works at Bulwer Island, Queensland and Port Kembla, New South Wales, giving a total cement capacity of 5.2Mta. Although HeidelbergCement owns a 50 per cent shareholding in CACAP, and is therefore the most likely buyer, Votorantim has been named as a potential purchaser, along with Adelaide Brighton and Ireland’s CRH.