Cement News tagged under: Acquisition
Swiss CemIn West acquires 96.6% of Ivano-Frankivskcement23 December 2014, Published under Cement NewsSwitzerland-based CemIn West SA has bought a 96.6 per cent in Ukraine’s Ivano-Frankivskcement, according to the target company. The majority holding was bought from Cyprus-based Permixo Ltd, Basmaren Enterprises Ltd and Prenters Engineering Ltd, which sold their respective stakes of 36.98%, 20.76% and 13.3% in the Yamnitsa-based entity. Ivano-Frankivskcement closed 2013 with a net profit of UAH130.3m (US$8.2m). |
Cementos Argos23 December 2014, Published under Cement NewsCementos Argos has pulled out of the running for any Brazilian assets being sold off following the Lafarge/Holcim merger. According to Cementos Argos, any potential purchase would not “generate the value its investments would expect”. UltraTech Cement has reportedly also followed suit with the Brazilian economy being blamed by many for the u-turn. Brazil has seen its economy shrink by 0.9 per cent in 2Q14 and a further 0.25 per cent in the third quarter. Growth of around 1.4 per cent is p... |
Aditya Birla Group bids for Lafarge, Holcim units22 October 2014, Published under Cement NewsIndia's Aditya Birla Group submitted bids on Monday to buy Holcim and Lafarge assets. UltraTech Cement and other Aditya Birla Group companies have put in bids for Lafarge and Holcim plants in Brazil and the Philippines, valued at US$1.4bn. The group had started operations in the Philippines several years ago and earmarked Brazil as a key place for expansion three years ago. "Aditya Birla group will be unable to bid for assets carved out of the Lafarge-Holcim merger in some of the mark... |
Buzzi Unicem03 October 2014, Published under Cement NewsBuzzi Unicem is to acquire, through its subsidiary Dyckerhoff, the 100 per cent interest in Uralsement from Lafarge for EUR104m in cash. The deal, which still requires regulatory approval, is expected to be completed later this year. The single plant has a capacity of 1.1Mta and is located near the town Korkino some 40 km south of Chelyabinsk and has ample raw material reserves. When completed, Buzzi Unicem should have a Russian cement capacity of some 4.5Mta, all in the Urals. |
Fiji: Holcim JV sells stake in Pacific Cement Ltd19 September 2014, Published under Cement NewsSouth Pacific Cement, a joint venture between Holcim New Zealand and Fletcher Building Ltd, has sold its 47 per cent stake in Pacific Cement Ltd (PCL) to the Vinod Patel Group. PCL is a joint venture with Fijian Holdings Ltd (FHL), which holds a 51 per cent stake. The balance of shares is owned publicly. The company was the first cement manufacturer in the country with a production capacity of 0.2Mta. FHL group chairman, Iowane Naiveli said the Vinod Patel Group had become a strategic... |
Argos considers acquiring Holcim and Lafarge Latin America divestments15 August 2014, Published under Cement NewsColombia's Cementos Argos is currently looking into acquiring the assets Lafarge and Holcim are planning to sell in Latin America, particularly Mexico and Brazil. However, it has not yet finalised any negotiations. "We are firstly interested in looking at Mexico and Brazil," said José Alberto Vélez, president of the Argos Group, in the local newspaper La República. "We have been watching with interest and enthusiasm, but have nothing concrete yet." Earlier this month, Holcim and Lafarge... |
STC eyes Holcim Mauritius acquisition28 July 2014, Published under Cement NewsIn the latest step towards to completing the LafargeHolcim merger, Holcim Mauritius could become a public-private partnership (PPP) while the State Trading Corporation (STC) could re-enter the island's cement market at the same time. STC would be willing to buy the 51 per cent stake in Holcim Mauritius put up for sale, according to Defimedia.The balance of shares is owned by Gamma-Civic. The presence of STC in the market would offer a greater price control as it will control the entire... |
Pakistan: Kohat Cement Co interested in 76% Lafarge Pakistan stake05 May 2014, Published under Cement NewsPakistan's Kohat Cement Company announced that it will participate in the bidding process for the acquisition of 1.1bn ordinary shares of PKR10 each of Lafarge Pakistan, representing 75.86 per cent of the total issued and paid-up share capital of Lafarge Pakistan, according to local news service The News. Vision Holdings Middle East, which holds a 47 per cent stake in Pioneer Cement, and DG Khan Cement have also expressed interest in acquiring the stake from Lafarge subsidiary Sofima SA. ... |
Semen Indonesia allocates Myanmar spend21 April 2014, Published under Cement NewsPT Semen Indonesia has allocated US$200m for the acquisition of a cement plant in Myanmar, Agung Wiharto, corporate secretary of the Indonesian cement group has revealed. The deal will not be completed this month, as previously expected, but due diligence is currently underway. In an interview with The Jakarta Post, Mr Wiharto said that Myanmar’s cement demand stood at between 8-9Mta, while cement producers could only supply half that volume. "They've imported cement from Thailand and China... |
Cementos Molins cuts back in Spain while expanding in foreign markets13 February 2013, Published under Cement NewsAs the Spanish construction crisis shows no sign of abatement, Cementos Molins expects to continue the adjustment in its Spanish workforce. The company’s vice-president and CEO Joan Molins said the company would be restructuring its operations, cutting back in Spain and increasingly shifting its focus to foreign markets. He announced new projects in Uruguay, Brazil, Mexico and Tunisia. Over the past five years, the firm increased its number of employees abroad from 2500 to 3200. In a... |